The global compaction machines market is estimated to be valued at US$ 4,955.1 million in 2021 and is expected to exhibit a CAGR of 6.5% over the forecast period (2022-2030).
Figure 1. Global Compaction Machines Market Share (%), By Region, 2021
Figure 2. Global Compaction Machines Market Value (US$ Mn) Analysis and Forecast, 2017 - 2030
Key Takeaways of the Graph:
Market Trends
The outlook of the U.S. housing market, remains buoyant with the number of new projects to rise by 20%. Rental companies and dealers also reported increased business on the back of rising demand from the industrial and construction sectors. For instance, The American Rental Association for heavy compaction machines anticipates a revenue increase of 8.1% in 2015. According to the Association of Equipment Manufacturers (AEM), the US construction machinery exports dropped to 17.3% during the first half of 2014, compared to the previous year.
The investments in infrastructure has increased significantly in Latin America in the recent past. According to Coherent Market Insights’ analysis, Latin America is expected to account for around 3% of the total global construction spending in 2015, which is anticipated to reach 4% by 2020. As the Olympics were hosted by Brazil in 2016, a substantial amount was invested into infrastructure development in Latin America.
Compaction Machines Market Report Snapshots
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