According to a recent market study published by Growth Market Reports titled, “Global Machine Mounted Hydraulic Breaker Market by Product, Excavator Range, Breaker Size, Breaker Shape, Application, and Region: Size, Share, Trends and Opportunity Analysis, 2018-2028”, the market was valued at USD 1,223.9 million in 2020 and is expected to expand at a CAGR of 3.3% during the forecast period. In terms of volume, the market is projected to expand at a CAGR of 2.4% during the forecast period.

The global machine mounted hydraulic breaker market is projected to grow owing to the growing demand of machine mounted hydraulic breakers in the developing countries. Increasing construction activities such as road construction, old building demolition, and mining activities are expected to boost the market growth in the coming years.

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The global machine mounted hydraulic breaker market is fragmented based on product, excavator range, breaker size, breaker shape, application, and region. Based on products, the global machine mounted hydraulic breaker market is segmented into skid steer loaders & mini excavators breakers, tractor loader backhoe breakers, and excavator breakers.

Based on excavator ranges, the global machine mounted hydraulic breaker market is segmented into below 5-ton, 5~15 tons, 15~30 tons, 30~50 tons, 50~70 tons, and above 70 tons. Based on breaker sizes, the global machine mounted hydraulic breaker market is segmented into below 4,000 ft.lbs, 4,000-10,000 ft.lbs, and above 10,000 ft.lbs. Based on breaker shapes, the global machine mounted hydraulic breaker market is segmented into triangle type breaker and tower type breaker.

Based on applications, the global machine mounted hydraulic breaker market is segmented into road construction, building demolition, mining, and others. Based on region, the global machine mounted hydraulic breaker market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. Europe is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe, Asia Pacific is further segmented into China, South Korea, Japan, India, Australia, South East Asia (SEA), and Rest of Asia Pacific. Latin America is further segmented into Brazil, Mexico, and Rest of Latin America. Middle East & Africa is categorized into Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa.

The market saw a decline of -1.7% (YOY) in 2020 in value terms due to the negative impact of COVID-19 pandemic. Stringent rules and restrictions during COVID halted the operations of construction and demolition industries. Hence, the demand for machine mounted hydraulic breaker reduced in 2020. Moreover, disruptions in supply chains hampered the distribution of machine mounted hydraulic breaker across the globe. Furthermore, sales of construction equipment went down due to trade-related restrictions across the world.

As per Growth Market Reports’ industry analyst Partha Paul, “The Global Machine Mounted Hydraulic Breaker Market is anticipated to witness significant growth during the forecast period 2021-2028 driven by the high demand for machine mounted hydraulic breaker from various end-user industries. Increasing demand for maximum productivity in minimum time, and at less cost is projected to drive the machine mounted hydraulic breaker market. High productivity, reliability, low maintenance, automatic lubrication, easy to maintain, and low noise emission levels of hydraulic breakers are anticipated to fuel the market during the forecast period.

Key Takeaways from the Study

  • The companies such as Caterpillar and ASTEC INDUSTRIES, INC. held approximately one tenth of the share of global machine mounted hydraulic breaker market in 2020.
  • Asia Pacific accounts for a major share of the market, followed by North America. The market in Europe is projected to expand at the moderate CAGR during the forecast period.
  • The market in North America holds a significant share during the forecast period owing to the increasing demand for technologically advanced machinery along with a strong push from rental companies such as Company Wrench in the US. Restrictions over blasting and safety concerns in urban areas for buildings increases the use of machine mounted hydraulic breakers in the region.
  • In terms of breaker size, the above 10,000 ft.lbs segment held a substantial share of the market in 2020 and is estimated to expand at a moderate CAGR during the forecast period. The growth of this segment is mainly driven by increasing demand for demolition of buildings with the help of large-sized machine mounted hydraulic breakers.

Report Scope

Report Metric

Details

Market Value in 2020

USD 1,223.9 Million

Market Growth Rate (from 2021 to 2028)

3.3%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 - 2028

Units Considered

Value (USD Million), Volume (Units)

Market Segments

Product, Excavator Range, Breaker Size, Breaker Shape, and Application

Regional Scope

North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA)

Country Scope

U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, Japan, India, Australia, South Korea, South East Asia, Brazil, Mexico, Saudi Arabia, South Africa, UAE

Key Companies Profiled

AB Volvo, ASTEC INDUSTRIES, INC., Caterpillar, Indeco North America, NPK Construction Equipment, Inc., Takeuchi Manufacturing Co., Ltd., Furukawa Rock Drill Co.,Ltd., Hammer Europe, OKADA AIYON CORPORATION, Epiroc AB, Sandvik AB, Stanley Infrastructure (Stanley Black & Decker, Inc.), Soosan Heavy Industries Co., Ltd., Socomec s.p.a., TOKU PNEUMATIC CO., LTD., DOZCO (INDIA) PVT. LTD, Indus Rock Tool, MSB Corporation, DAEMO co.,ltd., Hyundai Everdigm Corp., Komatsu Ltd., Tata Hitachi Construction Machinery, JCB, Auriga Machinery India Pvt Ltd., Doosan Infracore, Wacker Neuson SE, Yantai Eddie Precision Machinery Co., Ltd., Aries India Earthmovers Private Limited, and Future Mining Tools Private Limited

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Machine mounted hydraulic breaker manufacturers, raw material providers, primary respondents, and distributors.
  • Demand Side: Companies operating in the construction & demolition, and mining industries
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: Associated Builders & Contractors, Inc., American Institute of Constructors, National Demolition Association, The American Road & Transportation Builders Association, European Asphalt Pavement Association, European Construction Industry Federation, National Highways Builders Federation, and The Overseas Construction Association of Japan, Inc. (OCAJI)