Industry Special Report
In 2024, the global cone crusher market continued to expand, with the annual market size reaching $18.4275 billion, maintaining a steady year-on-year growth momentum. Driven by increased infrastructure investment, a boom in mining development, and the demand for upgrading outdated equipment, the procurement volume of cone crushers in various countries showed distinct regional differentiation. Based on annual data compiled by institutions such as IMARC Group and SkyQuest, the list of the top 10 countries by cone crusher procurement volume in 2024 has been released. North America and Asia-Pacific accounted for seven of the top spots with robust demand, emerging as the core engines of market growth.
Top 10 Countries by Global Cone Crusher Procurement Volume in 2024 (Ranked by Procurement Scale)
l United States: As the world's largest single market for cone crushers, the U.S. maintained its top position with a 38.6% global market share. In 2024, the nominal added value of its construction industry grew by 10% and the gross output surged by 12%. The federal government's massive investment in highway infrastructure directly boosted the demand for aggregate processing, thereby generating a large number of cone crusher procurement orders. Meanwhile, the demand for high-efficiency mineral crushing equipment in the mining sector, coupled with the need for upgrading intelligent and energy-saving cone crushers, jointly underpinned its leading procurement volume worldwide.
l China: As a major country in both the production and consumption of cone crushers, China's procurement volume remained the second-highest globally in 2024. Benefiting from the implementation of the 14th Five-Year Plan for transportation and the output of manufactured sand exceeding 18 billion tons, the building materials and infrastructure sectors became the core sources of demand for cone crushers. Additionally, the expansion of deep mining projects and the pressure of environmental policies to drive equipment upgrades have led to a significant increase in the procurement ratio of hydraulic cone crushers and intelligent cone crushers. Domestic equipment dominated the market with its high cost-performance ratio.
l India: A leader among emerging markets, India's cone crusher procurement volume grew by over 30% year-on-year in 2024. With accelerated urbanization and infrastructure construction, the demand for sand, gravel aggregates, and mining development surged, driving an explosive growth in the procurement of small and medium-sized cone crushers. While local manufacturers expanded production capacity, they still imported high-end cone crushers from China and the U.S. to meet the demand for processing high-hardness ores.
l Canada: The fastest-growing cone crusher market in North America, Canada's procurement volume increased by approximately 6% year-on-year in 2024. Mining expansion in Ontario and British Columbia, along with government policy support for sustainable mining, has driven up demand for automated and eco-friendly cone crushers, which became the core driver of procurement growth. Major procurement sources included international brands such as Metso Outotec and Sandvik.
l Indonesia: The core demand country for cone crushers in Southeast Asia, Indonesia's procurement volume ranked among the top five globally in 2024. National strategic projects have driven a 270% five-year growth in sand and gravel demand. Fueled by both mining development and infrastructure projects, cone crusher procurement focused on medium and large-sized equipment adapted to local mining scenarios. Requirements for wear-resistant parts and stable supply chains continued to rise, and Chinese brands secured a significant market share with their adaptability advantages.
l Germany: The core procurement country for cone crushers in Europe, demand was concentrated on the replacement of outdated equipment and intelligent upgrading. Constrained by environmental regulations, high-efficiency, energy-saving, and low-noise cone crushers became the mainstream of procurement. Meanwhile, the modernization of the mining industry drove demand for high-end hydraulic cone crushers, and local manufacturers demonstrated significant technological advantages in intelligent control systems.
l Australia: Rigid demand from this major mining country underpinned its cone crusher procurement volume, ranking seventh globally. As a leading exporter of mineral resources such as iron ore and spodumene, Australia had strong demand for large-sized cone crushers with a processing capacity of over 500 t/h. Procurement focused on equipment reliability, wear resistance, and remote operation and maintenance capabilities to adapt to the operating conditions of remote mining areas.
l Brazil: The leading cone crusher market in South America, Brazil's procurement volume increased by 4.2% year-on-year in 2024. The recovery of infrastructure investment and the rebound in mining activities drove the growth of cone crusher demand. Procurement categories covered small and medium-sized spring cone crushers and large-sized hydraulic cone crushers, mainly used in sand and gravel aggregate production and metal ore mining.
l Vietnam: The second-fastest-growing market in Southeast Asia, Vietnam's newly built highway mileage surged by 58% year-on-year in 2024, directly driving the procurement demand for cone crushers. The market was dominated by small and medium-sized cone crushers, with high requirements for cost-performance ratio and fast delivery capabilities. Chinese and Indian manufacturers occupied a leading position with their cost advantages.
l Russia: Leveraging its abundant mineral resources, Russia's demand for cone crusher procurement remained stable in 2024. Procurement focused on heavy-duty cone crushers adapted to harsh cold environments and high-efficiency crushing equipment required for mineral development. Local production and imported equipment complemented each other, and procurement channels gradually tilted toward Asian manufacturers.
Market Trends and Core Insights
From a regional perspective, North America and Asia-Pacific together contributed over 75% of the global cone crusher procurement volume. The North American market focused on intelligent and energy-saving upgrades, while the Asia-Pacific market was driven primarily by infrastructure and mining demand. On the product front, the penetration rate of hydraulic cone crushers continued to rise. Smart cone crushers equipped with the Internet of Things (IoT) and remote monitoring functions became mainstream in the high-end market, and the demand growth rate of large-sized equipment with a single-unit processing capacity exceeding 800 t/h reached 12.9%.
Industry experts pointed out that the global cone crusher market will maintain a compound annual growth rate of 4.02% in the next three years. Infrastructure catch-up in emerging economies and equipment replacement demand in Europe and the U.S. will continue to be released. Manufacturers from China, India, and other countries have gradually enhanced their competitiveness in the small and medium-sized cone crusher market with cost and production capacity advantages, while international leading brands still dominate the ultra-large and high-end smart cone crusher market, and the market differentiation trend will further intensify.
Keywords: Cone crusher; 2024 global procurement trend; Mining equipment; Infrastructure equipment
