Compaction Machines Market – Overview of Key Market Outlook and Market Growth
The global compaction machines market deals with machines that are used to compact or reduce the size of the soil, gravel, trash, concrete or asphalt used in the construction of roads, dams and airports, and in other construction related activities. Road rollers normally use the weight of the vehicle to compact the surface being rolled or use its mechanical advantage through vibration by getting enough power from its engine. Compaction machine plays an essential role in a wide range of road construction projects. Streets and highways, airport runways and most types of structures cannot be built without proper compaction of the base material under paved surfaces. There has been a significant investment being made in infrastructure globally, with the rise witnessed in the number of paved roads, which is expected to fuel the compaction machines market over the forecast period. The global compaction machines market is expected to expand at a steady CAGR of 6.2% over the forecast period (2015-2025), to account for US$ 6,310.7 Mn by the end of 2025.
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To understand and assess the opportunities in this market, the report is categorically split into three sections, namely introduction and overview of the market, market analysis and forecast on the basis of all types of products and categories, and regions. The report analyses the global compaction machines market in terms of market value (US$ Mn) and by volume (unit sales)
The report starts with an overview of the global compaction machines market and its different product types. In the same section, FMI covers the global compaction machines market’s performance in terms of revenue and unit sales. This section also includes FMI’s analysis of the global road infrastructure scenario, construction industry outlook, key trends, drivers and restraints from supply and demand perspectives.
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The next section of the report analyses the market on the basis of products and presents the forecast in terms of value for all the years till 2025. Products covered in the report are as follows.