Published by mark itwired
Posted on October 12, 2021
4 min readLast updated: January 29, 2026
The rockbreakers market is set to grow at a 5.9% CAGR by 2031, driven by demand in mining and construction sectors.
The growing demand for metals across various industrial sectors is one of the leading driving factor of the global rockbreakers market. The mining sector has seen the significant growth in past few years and it is expected to persist in upcoming years. The increasing demand from in the mining sector is expected to enable growth in the coming years. Besides mining, rockbreakers find application in the construction sector. ‘
The demand in the industry is projected to rise especially on account of the increasing investment in commercial and residential construction. According to a study by Future Market Insights (FMI), the global rockbreakers market is estimated to expand at a CAGR of 5.9% by during the forecast period of 2021-2031.
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“Continuously growing demand from mining sector is expected to drive the rockbreakers market throughout the forecast period. The demand from construction industry will also play pivotal role in the growth exhibited during the forecast period. Long term supply agreement with regional construction contractors and governmental agencies will provide opportunities to rockbreaking system manufacturers in the forecast period.” says an FMI Analyst.
The global rockbreakers market has been identified as a highly fragmented market on the back of presence of large number of market participants operating in the market. The leading players account for nearly 15% share in the global market. Some of the leading players in the market are Orica Limited, Enaex S.A, Dyno Nobel, Exsa S.A. Maxam corp Holdings, Sandvik, Furukawa, ASTEC Industries, Sichuan Yahua Industrial Group Co., Ltd, BME Mining, Hanwha Corporation, and Eurenco S.A. These players are focusing on expansion of their product portfolio and establishing long term supply agreements with key end users to attain higher market revenue shares.
Rockbreakers market is estimated to witness sound growth during 2021-2031. Manufacturers are expected to concentrate further on research and development activities to develop new and innovative products that meet personalized requirements of consumers along with improved efficiency and durability. Expansion of sales and distributor network, collaborations with regional companies to expand footprint in regional market are seen as a key strategies expected to magnify in the forecast period.
Future Market Insights has published a market research report on the Global Rockbreakers Market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in depth analysis of the global rockbreakers market through different segments, namely by technology type, by end-use, and region. The Global Rockbreakers Market report also provides supply and demand trends, along with an overview of the parent market.
Technology
End User
By Region
The post Rockbreakers Market 2021: Market Share, Size, Competition Landscape, Manufacturers Analysis and Future Opportunity Outlook 2031 appeared first on Industry News Analsis.
The article discusses the growth and future opportunities in the global rockbreakers market.
The mining sector's growth significantly drives demand for rockbreakers, contributing to market expansion.
Increasing construction activities, especially in Europe, fuel the demand for rockbreakers.
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