There are many different types of compact machines. Some machines are designed specifically for grinding or cutting materials, others are designed to make things lighter or easier to transport (such as having compartments for different products inside a compact machine). Other machines have a combination of both functions - some can grind and cut, but also package and unpack items for transportation. An optional additional packet is now available, which allows the production capacity of compact machines to be increased. It is called Advanced Compact Machine and allows for the production of four additional blocks of freestone. One of these blocks has a special "redstone ore" level, which is only found in concentrated form, and cannot be naturally mined.
Market Dynamics
Rising population combined with rapid urbanization is expected to boost the global compact machines market growth over the forecast period. According to the United Nations (UN), by 2050, around 68% of the global population is expected to live in urban areas, adding another 2.5 billion people to urban areas. According to the same source, the global urban population is growing rapidly from 751 million in 1950 to 4.2 billion in 2018. With rising urban population, demand for new residential as well as commercial construction has increased, thereby accelerating the adoption different types of compact machines.
Furthermore, increasing demand for compact construction equipment since they are highly versatile, movable from one place to another and easy to run is expected to propel the global compact machines market growth over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global compaction machines market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global compaction machines market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Wacker Neuson SE, Sany Heavy Industry Co. Ltd, Volvo Construction Equipment, Wirtgen Group, Caterpillar Inc., Atlas Copco, Terex Corporation, Zoomlion Heavy Industries Science & Technology Co Ltd, Fayat Group, BOMAG GmbH, and XCMG Co. Ltd.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global compaction machines market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global compaction machines market
Detailed Segmentation:
- Global Compaction Machines Market, By Product Type:
- Heavy compaction machines
- Heavy Tandem Roller
- 5-8 Tonne
- 8-11 Tonne
- > 11 Tonne
- Single drum Roller
- 3-5 Tonne
- 5-8 Tonne
- 8-12 Tonne
- 12-15 Tonne
- > 15 Tonne
- Pneumatic Roller
- Light compaction machines
- Hand operated machines
- Rammer
- Vibratory plates (forward)
- Vibratory plates ( reverse)
- Walk behind Roller
- Light Tandem Roller
- < 1.8 Tonne
- 8-3 Tonne
- 3-5 Tonne
- Trench Roller
- Global Compaction Machines Market, By Region:
- North America
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- Rest of Asia Pacific
- Europe
- By Country
- Germany
- Italy
- U.K.
- France
- Spain
- Russia
- Rest of Europe
- Latin America
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- By Country
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- Company Profiles
- Wacker Neuson SE*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Sany Heavy Industry Co. Ltd
- Volvo Construction Equipment
- Wirtgen Group
- Caterpillar Inc.
- Atlas Copco
- Terex Corporation
- Zoomlion Heavy Industries Science & Technology Co Ltd,
- Fayat Group
- BOMAG GmbH
- XCMG Co. Ltd.
