Cone Crusher Market Growth Accelerated by Increased Mining & Construction Activities
Cone crushers are primarily used in mining and construction sectors for crushing material down to a size suitable for further processing or for making manufactured sand and gravel. The construction and mining industries have been growing rapidly across the globe owing to rising urbanization and industrialization. Rapid infrastructure development projects such as roads, highways, railways and real estate construction have increased the demand for crushed stones which is driving the growth of the cone crusher market. The Global Cone Crusher Market Size is estimated to be valued at US$ 2086.43 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased adoption of smart cone crushers integrated with automation and digitization technologies have pushed the demand for cone crushers in recent years. Smart cone crushers offer advanced monitoring and re