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Compaction Machine Trends and Forecast
The future of the global compaction machine market looks promising with opportunities in the road construction and building construction applications. The global compaction machine market is expected to reach an estimated $8.1 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are increasing demand for high-quality roads and infrastructure and augmenting popularity of smart electric compaction machines.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Compaction Machine by Segment
The study includes a forecast for the global compaction machine by product type, application, and region.
Compaction Machine Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Heavy Compaction Machines
• Light Compaction Machines
Compaction Machine Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Road Construction
• Building Construction
• Others
Compaction Machine Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Compaction Machine Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies compaction machine companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the compaction machine companies profiled in this report include-
• Wacker Neuson
• Sany Heavy Industry
• Volvo Construction Equipment
• Wirtgen
• Caterpillar
• Atlas Copco
• Terex
Compaction Machine Market Insights
Lucintel forecasts that heavy compaction machine is expected to witness higher growth over the forecast period due to its significant usage in major constructional projects including highways and airports construction.
Within this market, road construction is expected to witness higher growth over the forecast period due to substantial use of compaction machines for constructing high-quality roads.
APAC is expected to witness highest growth over the forecast period due to rapid economic growth and infrastructural development in the region.
Features of the Global Compaction Machine Market
Market Size Estimates: Compaction machine market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Compaction machine market size by product type, application, and region in terms of value ($B).
Regional Analysis: Compaction machine market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the compaction machine market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the compaction machine market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the compaction machine market size?
Answer: The global compaction machine market is expected to reach an estimated $8.1 billion by 2030.
Q.2 What is the growth forecast for compaction machine market?
Answer: The global compaction machine market is expected to grow with a CAGR of 6.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the compaction machine market?
Answer: The major drivers for this market are increasing demand for high-quality roads and infrastructure and augmenting popularity of smart electric compaction machines.
Q4. What are the major segments for compaction machine market?
Answer: The future of the compaction machine market looks promising with opportunities in the road construction and building construction applications.
Q5. Who are the key compaction machine market companies?
Answer: Some of the key compaction machine companies are as follows:
• Wacker Neuson
• Sany Heavy Industry
• Volvo Construction Equipment
• Wirtgen
• Caterpillar
• Atlas Copco
• Terex
Q6. Which compaction machine market segment will be the largest in future?
Answer: Lucintel forecasts that heavy compaction machine is expected to witness higher growth over the forecast period due to its significant usage in major constructional projects including highways and airports construction.
Q7. In compaction machine market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid economic growth and infrastructural development in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the compaction machine market by product type (heavy compaction machines and light compaction machines), application (road construction, building construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Compaction Machine Market, Compaction Machine Market Size, Compaction Machine Market Growth, Compaction Machine Market Analysis, Compaction Machine Market Report, Compaction Machine Market Share, Compaction Machine Market Trends, Compaction Machine Market Forecast, Compaction Machine Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Compaction Machine Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Compaction Machine Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Compaction Machine Market by Product Type
3.3.1: Heavy Compaction Machines
3.3.2: Light Compaction Machines
3.4: Global Compaction Machine Market by Application
3.4.1: Road Construction
3.4.2: Building Construction
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Compaction Machine Market by Region
4.2: North American Compaction Machine Market
4.2.2: North American Compaction Machine Market by Application: Road Construction, Building Construction, and Others
4.3: European Compaction Machine Market
4.3.1: European Compaction Machine Market by Product Type: Heavy Compaction Machines and Light Compaction Machines
4.3.2: European Compaction Machine Market by Application: Road Construction, Building Construction, and Others
4.4: APAC Compaction Machine Market
4.4.1: APAC Compaction Machine Market by Product Type: Heavy Compaction Machines and Light Compaction Machines
4.4.2: APAC Compaction Machine Market by Application: Road Construction, Building Construction, and Others
4.5: ROW Compaction Machine Market
4.5.1: ROW Compaction Machine Market by Product Type: Heavy Compaction Machines and Light Compaction Machines
4.5.2: ROW Compaction Machine Market by Application: Road Construction, Building Construction, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Compaction Machine Market by Product Type
6.1.2: Growth Opportunities for the Global Compaction Machine Market by Application
6.1.3: Growth Opportunities for the Global Compaction Machine Market by Region
6.2: Emerging Trends in the Global Compaction Machine Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Compaction Machine Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Compaction Machine Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Wacker Neuson
7.2: Sany Heavy Industry
7.3: Volvo Construction Equipment
7.4: Wirtgen
7.5: Caterpillar
7.6: Atlas Copco
7.7: Terex
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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