Global Hydraulic Breaker Market is valued at approximately USD 2.11 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2023-2030. A Hydraulic breaker, also known as a hydraulic hammer or rock breaker, is a powerful percussion hammer fitted to an excavator or other construction machinery. It is powered by hydraulic fluid, typically oil, which is pumped into a high-pressure reservoir within the breaker and then released through valves to create repeated blows, much like a hammer striking rapidly. These blows are transmitted through a chisel or blunt tool at the end of the breaker to break or demolish hard materials such as concrete, rock, asphalt, and pavement. Moreover, the growing infrastructure development, increasing construction activities, and growing expansion of mining and quarrying activities are anticipated to create the lucrative demand for the market during forecast period 2023-2030.
Additionally, the increasing construction activities in both residential and commercial sectors fuel the demand for hydraulic breakers. These tools are used extensively in construction projects for demolishing old structures, excavating hard materials, and preparing sites for new construction. According to the oxford economics, global construction industry will be grown by 85% to USD 15.5 trillion by 2030, with India, China, and United States capturing 57% share of all global growth. According to Statista, in 2016 the value of construction work done by Hochtief a global provider of construction-related services was USD 23.30 billion and in 2021 the number reached USD 25.98 billion. As a result, the growing construction sector is anticipated to support the market growth. Moreover, the growing advancements in hydraulic breaker technology, and rapid urbanization in emerging economies are anticipated to create the lucrative opportunity for the market. However, the lack of skilled and qualified operators stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Hydraulic Breaker Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising invest in infrastructure projects such as roads, bridges, tunnels, and buildings, rising mining and quarrying industries, continuous advancements in hydraulic breaker technology, and presence of key market players. Whereas, the Asia Pacific is expected to grow with the fastest growth rate during the forecast period, owing to factors such as the rising urbanization, growing infrastructure development, increasing construction and mining activities, and growing focus on infrastructure modernization.
Major market players included in this report are:
- Soosan Heavy Industries Co., Ltd.
- Epiroc AB
- Montabert
- FURUKAWA CO., LTD.
- Sandvik AB
- Msat Msb corporation
- Caterpillar Inc.
- NPK Construction Equipment, Inc.
- Indeco North America
- Daemo Engineering Co., Ltd.
Recent Developments in the Market:
- In April 2021, Epiroc, a leading company dedicated to boosting efficiency and environmental responsibility in the mining and infrastructure industries, has finalized a deal to acquire DandA Heavy Industries, a prominent hydraulic breaker manufacturer headquartered in South Korea.
Global Hydraulic Breaker Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Equipment Size, Type, Application, End user industry, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Equipment Size:
By Type:
By Application:
- Breaking Oversized Material
- Trenching
- Demolition
- Others
By End user industry:
- Construction
- Mining
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1.Executive Summary
- 1.1.Market Snapshot
- 1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1.Hydraulic Breaker Market, by Region, 2020-2030 (USD Billion)
- 1.2.2.Hydraulic Breaker Market, by Equipment Size, 2020-2030 (USD Billion)
- 1.2.3.Hydraulic Breaker Market, by Type, 2020-2030 (USD Billion)
- 1.2.4.Hydraulic Breaker Market, by Application, 2020-2030 (USD Billion)
- 1.2.5.Hydraulic Breaker Market, by End user industry, 2020-2030 (USD Billion)
- 1.3.Key Trends
- 1.4.Estimation Methodology
- 1.5.Research Assumption
Chapter 2.Global Hydraulic Breaker Market Definition and Scope
- 2.1.Objective of the Study
- 2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
- 2.3.Years Considered for the Study
- 2.4.Currency Conversion Rates
Chapter 3.Global Hydraulic Breaker Market Dynamics
- 3.1.Hydraulic Breaker Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
- 3.1.1.1.Growing infrastructure development
- 3.1.1.2.Increasing construction activities
- 3.1.1.3.Growing expansion of mining and quarrying activities
- 3.1.2.Market Challenges
- 3.1.2.1.Lack of skilled and qualified operators
- 3.1.3.Market Opportunities
- 3.1.3.1.Growing advancements in hydraulic breaker technology
- 3.1.3.2.Rapid urbanization
Chapter 4.Global Hydraulic Breaker Market Industry Analysis
- 4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
- 4.2.Porter's 5 Force Impact Analysis
- 4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economical
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
- 4.4.Top investment opportunity
- 4.5.Top winning strategies
- 4.6.COVID-19 Impact Analysis
- 4.7.Disruptive Trends
- 4.8.Industry Expert Perspective
- 4.9.Analyst Recommendation & Conclusion
Chapter 5.Global Hydraulic Breaker Market, by Equipment Size
- 5.1.Market Snapshot
- 5.2.Global Hydraulic Breaker Market by Equipment Size, Performance - Potential Analysis
- 5.3.Global Hydraulic Breaker Market Estimates & Forecasts by Equipment Size 2020-2030 (USD Billion)
- 5.4.Hydraulic Breaker Market, Sub Segment Analysis
- 5.4.1.Small
- 5.4.2.Medium
- 5.4.3.Large
Chapter 6.Global Hydraulic Breaker Market, by Type
- 6.1.Market Snapshot
- 6.2.Global Hydraulic Breaker Market by Type, Performance - Potential Analysis
- 6.3.Global Hydraulic Breaker Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 6.4.Hydraulic Breaker Market, Sub Segment Analysis
- 6.4.1.Premium
- 6.4.2.Non-premium
Chapter 7.Global Hydraulic Breaker Market, by Application
- 7.1.Market Snapshot
- 7.2.Global Hydraulic Breaker Market by Application, Performance - Potential Analysis
- 7.3.Global Hydraulic Breaker Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4.Hydraulic Breaker Market, Sub Segment Analysis
- 7.4.1.Breaking Oversized Material
- 7.4.2.Trenching
- 7.4.3.Demolition
- 7.4.4.Others
Chapter 8.Hydraulic Breaker Market, by End user industry
- 8.1.Market Snapshot
- 8.2.Global Hydraulic Breaker Market by End user industry, Performance - Potential Analysis
- 8.3.Global Hydraulic Breaker Market Estimates & Forecasts by End user industry 2020-2030 (USD Billion)
- 8.4.Hydraulic Breaker Market, Sub Segment Analysis
- 8.4.1.Construction
- 8.4.2.Mining
- 8.4.3.Others
Chapter 9.Global Hydraulic Breaker Market, Regional Analysis
- 9.1.Top Leading Countries
- 9.2.Top Emerging Countries
- 9.3.Hydraulic Breaker Market, Regional Market Snapshot
- 9.4.North America Hydraulic Breaker Market
- 9.4.1.U.S. Hydraulic Breaker Market
- 9.4.1.1.Equipment Size breakdown estimates & forecasts, 2020-2030
- 9.4.1.2.Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.3.Application breakdown estimates & forecasts, 2020-2030
- 9.4.1.4.End user industry breakdown estimates & forecasts, 2020-2030
- 9.4.2.Canada Hydraulic Breaker Market
- 9.5.Europe Hydraulic Breaker Market Snapshot
- 9.5.1.U.K. Hydraulic Breaker Market
- 9.5.2.Germany Hydraulic Breaker Market
- 9.5.3.France Hydraulic Breaker Market
- 9.5.4.Spain Hydraulic Breaker Market
- 9.5.5.Italy Hydraulic Breaker Market
- 9.5.6.Rest of Europe Hydraulic Breaker Market
- 9.6.Asia-Pacific Hydraulic Breaker Market Snapshot
- 9.6.1.China Hydraulic Breaker Market
- 9.6.2.India Hydraulic Breaker Market
- 9.6.3.Japan Hydraulic Breaker Market
- 9.6.4.Australia Hydraulic Breaker Market
- 9.6.5.South Korea Hydraulic Breaker Market
- 9.6.6.Rest of Asia Pacific Hydraulic Breaker Market
- 9.7.Latin America Hydraulic Breaker Market Snapshot
- 9.7.1.Brazil Hydraulic Breaker Market
- 9.7.2.Mexico Hydraulic Breaker Market
- 9.8.Middle East & Africa Hydraulic Breaker Market
- 9.8.1.Saudi Arabia Hydraulic Breaker Market
- 9.8.2.South Africa Hydraulic Breaker Market
- 9.8.3.Rest of Middle East & Africa Hydraulic Breaker Market
Chapter 10.Competitive Intelligence
- 10.1.Key Company SWOT Analysis
- 10.2.Top Market Strategies
- 10.3.Company Profiles
- 10.3.1.Soosan Heavy Industries Co., Ltd
- 10.3.1.1.Key Information
- 10.3.1.2.Overview
- 10.3.1.3.Financial (Subject to Data Availability)
- 10.3.1.4.Product Summary
- 10.3.1.5.Recent Developments
- 10.3.2.Epiroc AB
- 10.3.3.Montabert
- 10.3.4.FURUKAWA CO., LTD.
- 10.3.5.Sandvik AB
- 10.3.6.Msat Msb corporation
- 10.3.7.Caterpillar Inc.
- 10.3.8.NPK Construction Equipment, Inc.
- 10.3.9.Indeco North America
- 10.3.10.Daemo Engineering Co., Ltd
Chapter 11.Research Process
- 11.1.Research Process
- 11.1.1.Data Mining
- 11.1.2.Analysis
- 11.1.3.Market Estimation
- 11.1.4.Validation
- 11.1.5.Publishing
- 11.2.Research Attributes
- 11.3.Research Assumption