Latest industry analysis by Fact MR, predicts Light Compaction Machines sales to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.
The report offers actionable and valuable market insights of Light Compaction Machines. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Light Compaction Machines Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Light Compaction Machines market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Light Compaction Machines
This newly published and insightful report sheds light on Market Insights of Light Compaction Machines, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Light Compaction Machines Market.
Developments in road infrastructure and increasing demand for paved roads continue to influence sales of soil compaction machines. Highways and roads being a key facet of infrastructure sector in an economy, their construction becomes an imperative aspect. This factor is likely to remain instrumental in driving the demand for construction equipment such as soil compaction machines. Fact.MR foresees that the demand for soil compaction machines is projected to expand at a CAGR of 4.1% in terms of volume during the period of forecast, 2018-2028. Albeit a steady growth rate, demand for soil compaction machines is expected to translate into sales volume of more than 370,000 units by end of the assessment period, envisages Fact.MR.
The soil compaction machines market is likely to be impacted with a number of aspects circling the rental trend. OEMs and distributors of soil compaction machines have been inclined toward renting soil compaction machines owing to high initial costs. Mid-level contractors have been facing challenges apropos to raising funds for new soil compaction machines along with managing maintenance costs. This has translated into a significant growth in the soil compaction machines rental trend, consequently influencing its market.
Manufactures of soil compaction machines have been focused on development of their soil compaction machines. Shift from static to vibratory soil compaction machines has been witnessed across the globe, says the report. In addition, soil compaction machines manufacturers are also introducing machines featuring higher fuel efficiency and low maintenance. Furthermore, manufacturers are focusing on introducing based on specific application requirements. For instance, Wirtgen Group has introduced HD 12 VV soil compaction machines that are suited for small road construction and landscaping sites.
Heavy soil compaction machines is likely to witness significant demand and adoption across major construction projects including highways and airports. However, volume of heavy soil compaction machines sold is expected to remain low as compared to their light counterparts. Fact.MR foresees that the volume of light soil compaction machines sold is likely to surpass 190,000 units by end of 2019, in turn leading the soil compaction machines market.
Demand for pneumatic rollers in the soil compaction machines marketplace is projected to expand at a relatively higher pace throughout the period of forecast owing to their higher efficiency in soil compaction process. However, the report estimates that sales of pneumatic rollers are likely to remain at a relatively lower base. Sales and demand of single drum rollers, particularly the 8-12 ton and above 15 ton variants, are estimated to account for a significant share in the heavy soil compaction machines and the overall soil compaction machines market.
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Sales of light tandem rollers as opposed to trench rollers are expected to account for more than 51 percent of the light soil compaction machines marketplace. However, report projects that the demand for trench rollers is projected to expand at a comparatively higher pace during the assessment period on the back of superior productivity and compaction output. In addition, trench rollers can be used in highly cohesive soils. Manufacturers of soil compaction machines are largely investing in improving trench rollers in a bid to enhance longevity and achieve higher customer satisfaction. For instance, Ammann has introduced new Articulated and Rigid Frame trench rollers that offer higher operator safety and comfort with enhanced productivity.
The sales of soil compaction machines are likely to remain concentrated in the emerging economies of Asia Pacific excluding Japan (APEJ) region, particularly in China and India. Increasing number of road infrastructure projects, including Super Highway project in China and Highway Super System project in India, are likely to influence demand for soil compaction machines. The demand for soil compaction machines across European countries is also projected to increase at a noteworthy rate during the forecast period, says the report. Manufacturers of soil compaction machines can expect a positive outlook in the APEJ market with momentous growth in the forthcoming years.
Key Segments of the Soil Compaction Machines Market
Fact.MR’s study on the soil compaction machines market offers information divided into two important segments – product, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
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Report Benefits & Key Questions Answered
- Light Compaction Machines Company & brand share analysis: The report offers in-depth Light Compaction Machines brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
- Light Compaction Machines Historical volume analysis: The report offers a comparative analysis between historic sales of Light Compaction Machines and projected sales performance for 2021-2031
- Light Compaction Machines Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
- Light Compaction Machines Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
- Post COVID consumer spending on Light Compaction Machines: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power
More Valuable Insights on Light Compaction Machines Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Light Compaction Machines, Sales and Demand of Light Compaction Machines, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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