A road roller is a type of compactor vehicle that is utilized to compact gravel, soil, asphalt and concrete in construction of foundations and roads. Additionally road rollers are also widely used in agriculture and at landfills. Considering significant industrial growth and growing infrastructure market, use of road rollers has increased in construction of bridges, residential & non-residential buildings, roads & highways, airports etc. Road roller market is expected to see a significant growth in upcoming times.
MARKET SCOPE
The "Global Road Roller Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the road roller market with detailed market segmentation by type, application and geography. The report provides key statistics on the market status of the leading road roller market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global road roller market is segmented into static road roller, tire road roller, drum roller and others.
- On the basis of application, the market is segmented into roads and sites development and industrial yards construction.
MARKET DYNAMICS
Drivers:
- Increasing construction of residential buildings, airports and highways.
- increasing per capita disposable income to boost market growth of road rollers.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The road roller market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the road roller market in these regions.
IMPACT OF COVID-19 ON ROAD ROLLER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Due to outbreak of this pandemic, construction of residential and non-residential buildings and complexes have come to still stand. Also, since the buying capacity of the consumer has declined considerably, demand for road rollers is reduced. Road roller market has got a promising future once the situation gets back to normal.
MARKET PLAYERS
The report covers key developments in the road roller market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from road roller market are anticipated to lucrative growth opportunities in the future with the rising demand for road rollers in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the road roller market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Action Construction Equipment Ltd.
- BOMAG GmbH
- Caterpillar
- J C Bamford Excavators Ltd.
- Liugong Machinery Co., Ltd.
- SANY GROUP
- SINOMACH Company Limited
- WIRTGEN GROUP
- XCMG Group
- XIAMEN XGMA MACHINERY CO.,LTD.
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.