Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.29 Billion | USD 5.78 Billion | 6.48% | 2023 |
The global hydraulic breaker market size was worth around USD 3.29 billion in 2023 and is predicted to grow to around USD 5.78 billion by 2032, with a compound annual growth rate (CAGR) of roughly 6.48% between 2024 and 2032.
A hydraulic breaker is a heavy machinery used for breaking extremely hard materials such as rocks, pavements, concrete, and asphalt. It is also known as a percussion hammer. Hydraulic breakers have found common applications in the construction industry due to the advantages of using the machine to break stone materials.
The need for innovation in terms of hydraulic breakers arose due to the disadvantages of manual demolition hammers and other forms of noisy equipment. Hydraulic breakers have become integral to specialized tasks.
The heavy-duty piece of equipment has several applications, including fencing of piles and columns, quarrying & rock demolition, breaking oversized stones, and demolition of building structures or concrete road bases.
Similarly, hydraulic breakers offer several other advantages such as higher fuel efficiency as compared to a compressor. The demand for hydraulic breakers has grown significantly in the last few years due to increased applications across end-user industries. However, the high cost of the tool is a main restriction in terms of higher machinery adoption rate.
Increasing applications in road construction activities to drive market demand rate
The global hydraulic breaker market is projected to grow due to the increased applications of the machine in road construction. The machine is an essential piece of equipment required during road repair or construction-related work. For instance, hydraulic breakers are used for the removal of old pavement or asphalt.
Moreover, the machinery is also used to break any concrete structure in the path of road construction. The increasing focus on the development of new roadways across the globe as a part of infrastructure development projects will fuel the market expansion rate during the forecast period.
Emerging economies such as African continents, India, and China are investing heavily in the development of new extensive road lanes connecting major cities to remote areas.
According to official reports that emerged in September 2024, China is planning to invest nearly USD 12.85 billion in new road construction projects in the coming years. Upgrades will be made to several existing road stretches, including the Wuhan-Yichang stretch, a part of the Shanghai-Chongqing Expressway.
In September 2024, the Brihanmumbai Municipal Corporation (BMC) of Mumbai announced a tender of INR 1,600 crore for the concretization of Western Express Highway (WEH) and Eastern Express Highway (EEH).
Higher use in urban areas in building & construction projects will generate extensive return on investment
Hydraulic breakers offer several significant advantages over traditionally used hammers and procedures for breaking concrete. Some of the conventional methods include the use of explosives, which is not ideal for densely populated regions or urban areas.
Hydraulic breakers, on the other hand, are easy to use and do not disrupt the neighboring surroundings. They can be used for demolishing concrete structures such as bridges and buildings.
The growing investments in further development of urban areas driven by increased demand for commercial and upscale residential buildings will help the global hydraulic breaker market thrive in the long run.
For instance, the Roads and Transport Authority (RTA) of the United Arab Emirates (UAE) has invested in a 13 km long road project along the lines of Cairo Streets, Al Mina, Sheikh Rashid Street, and Al Khaleej. The total investment for the project is around USD 1.37 billion.
High cost of the equipment to limit the industry's adoption rate during the forecast period
The global industry for hydraulic breakers is projected to be restricted due to the high cost of the equipment. These equipment are heavy tools built using specialized parts.
Moreover, the materials used for the construction of hydraulic breakers are highly sophisticated since they must withstand harsh environments while delivering high strength and speed. Hydraulic breakers can cost between USD 10,000 and USD 50,000, depending on the brand and the features of the product.
Ongoing investments in research and innovation to generate more growth opportunities in the future
The global hydraulic breaker market is expected to generate growth opportunities due to the increasing investments in research & development (R&D). The ongoing launch of new solutions with improved performance, higher operational efficiency, and cost-effectiveness will aid further expansion in the market.
In October 2023, Normet, a Finland-based company specializing in manufacturing advanced equipment and related services, announced the launch of next-generation products under the brand name Normet Xrock®. The launch followed the acquisition of Rambooms and Marakon at the start of 2023.
Normet Xrock® consists of a sophisticated lineup of rock-breaking solutions with applications across industries. The company has integrated Xrock® Automation technology and is expected to further optimize the overall operational efficiency of the tool.
In March 2024, HD Hyundai launched the HRB Series hydraulic breakers equipped with cutting-edge features delivering high-impact energy and efficient performance. The company is offering the new tool in 6 sizes featuring silenced box housing that reduces noise levels and hence can be used in urban areas.
Lack of sufficient availability of skilled labor will challenge the market expansion trends
The global hydraulic breaker industry is expected to be challenged by the lack of sufficient skilled labor required for operating heavy machinery. Shortage of skilled labor can lead to inefficiencies in terms of optimal use of hydraulic breakers.
Furthermore, since the equipment is employed under extreme pressure, they are subject to regular wear and tear, requiring frequent maintenance. Thus impacting the overall operations delaying project timeframes.
The global hydraulic breaker market is segmented based on application, equipment size, end-user industry, type, and region.
Based on the application, the global market segments are demolition, trenching, breaking oversized materials, and others. In 2023, the highest revenue was generated in the breaking oversized materials segment due to extensive use of the equipment in the building & construction industry.
Hydraulic breakers are advantageous compared to traditional methods of breaking hard materials such as rocks and stones. The ongoing investments in innovation-led development of new solutions will help the segment thrive. Moist hydraulic breakers are known to last around 10,000 hours of operational use.
Based on equipment size, the global hydraulic breaker industry is divided into large, small, and medium.
Based on the end-user industry, the global market segments are mining, construction, and others. In 2023, the highest demand was listed in the construction segment.
The growing use of hydraulic breakers in infrastructure development projects, including road and bridge construction, is fueling the segmental demand.
According to official reports, India spent nearly INR 25 billion on the development of national highways between 2023 and 2024.
Based on type, the global market divisions are non-premium and premium.
Report Attributes | Report Details |
---|---|
Report Name | Hydraulic Breaker Market |
Market Size in 2023 | USD 3.29 Billion |
Market Forecast in 2032 | USD 5.78 Billion |
Growth Rate | CAGR of 6.48% |
Number of Pages | 218 |
Key Companies Covered | NPK Construction Equipment, CASE Construction Equipment, Atlas Copco, Volvo Construction Equipment, Wacker Neuson, Epiroc, Doosan, Bobcat Company, Sandvik, Hitachi Construction Machinery, Bosch Rexroth, Yanmar, Montabert, Kobelco, JCB., and others. |
Segments Covered | By Application, By Equipment Size, By End-User Industry, By Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to register the highest growth rate during the forecast period
North America is expected to witness the highest growth during the forecast period. The presence of a robust building & construction industry with numerous infrastructure development projects spread across Mexico, the US, and Canada will fuel regional market expansion.
North America is witnessing a surge in the development of commercial and residential properties, propelling the demand for high-performance hydraulic breakers. According to market analysis, the total construction spending in the US in 2021 reached over USD 1.46 trillion.
Europe is a prominent market with a higher return on investment. During the projection period, Europe is projected to grow at a CAGR of more than 3%. The presence of several producers of sophisticated construction machines and equipment will help Europe register higher revenue.
Some of the leading regional players include brands such as Sandvik, Atlas Copco, Hydraudyne, BAV Crushers, and Rammer. In October 2020, Doosan Infracore Europe announced the launch of a new series of hydraulic breakers in the form of HB-series, thus establishing its foothold in the European market. Additionally, regional players are actively investing in exploring the international markets, which will be beneficial for Europe.
The global hydraulic breaker market is led by players like:
By Application
By Equipment Size
By End-User Industry
By Type
FrequentlyAsked Questions
A hydraulic breaker is a heavy machinery used for breaking extremely hard materials such as rocks, pavements, concrete, and asphalt.
The global hydraulic breaker market is projected to grow due to the increased applications of the machine in road construction.
According to study, the global hydraulic breaker market size was worth around USD 3.29 billion in 2023 and is predicted to grow to around USD 5.78 billion by 2032.
The CAGR value of the hydraulic breaker market is expected to be around 6.48% during 2024-2032.
North America is expected to witness the highest growth during the forecast period.
The global hydraulic breaker market is led by players like NPK Construction Equipment, CASE Construction Equipment, Atlas Copco, Volvo Construction Equipment, Wacker Neuson, Epiroc, Doosan, Bobcat Company, Sandvik, Hitachi Construction Machinery, Bosch Rexroth, Yanmar, Montabert, Kobelco and JCB.
The report explores crucial aspects of the hydraulic breaker market, including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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