Global Road Roller Market Size study & Forecast, by Product Type (Static Road Roller, Tire Road Roller, Single Drum Vibratory Road Roller, Double Drum Vibratory Road Roller, Others) by Business (New Sales, Aftermarket) by Application (Road Building, Site Development, Industrial Yards Construction) and Regional Analysis, 2023-2030
Global Road Roller Market is valued approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. A road roller is a heavy vehicle used in the construction of roads. It is designed to compact asphalt, soil, gravel, concrete, or other materials to create a smooth and solid road surface. Road rollers have heavy, wide, and smooth rollers that apply pressure to the roadbed, ensuring proper compaction and stability. They are essential in the construction and maintenance of roads, highways, and other infrastructure projects. The driving factor of the market are increasing urbanization and increasing population.
According to Statista in 2021, approximately a third of the total population in India lived in cities. Increase of urbanization by almost 4 percent in the last decade, meaning people have moved away from rural areas to find work and make a living in the cities. As per the same source in 2021, the global population increased by approximately 0.86 percent compared to the previous year. Moreover, increasing infrastructure investments and focusing on road maintenance can create more opportunities in the market. However, the high initial costs and shortage of skilled operators stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Road Roller Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022.The construction and maintenance of roads, highways, and other infrastructure projects drive the demand for road rollers. As this region invests in improving their transportation networks, the need for road rollers increases to ensure smooth and durable road surfaces. Also, the Asia-Pacific region contributes to its growth potential in the road roller market. This region is witnessing substantial investments in transportation infrastructure, including the construction and maintenance of roads, highways, and other projects. As a result, the demand for road rollers is expected to increase, driving the growth of the market in the Asia-Pacific region.
Major market player included in this report are:JC Bamford Excavators Ltd
Caterpillar Inc.
Changlin Company Limited
Guangxi LiuGong Machinery Co., Ltd.,
Xiamen AGMA Machinery
SANY Group
Speedcrafts Limited
Wirtgen Group
XCMG Construction Machinery
Bomag GmbH
Recent Developments in the Market: In September 2021, Caterpillar acquired Enhanced Energy Group. IT will help in Carbon capture systems using Carbon Point Solutions' patented processes can be applied to engines and turbines at oil and gas sites, distributed power and industrial plants and waste-to-energy sites.
Global Road Roller Market Report Scope: Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Product Type, Business, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Static Road Roller
Tire Road Roller
Single Drum Vibratory Road Roller
Double Drum Vibratory Road Roller
Others
By Business:
New Sales
Aftermarket
By Applications:
Road Building
Site Development
Industrial Yards Construction
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Companies MentionedJC Bamford Excavators Ltd
Caterpillar Inc.
Changlin Company Limited
Guangxi LiuGong Machinery Co., Ltd.,
Xiamen AGMA Machinery
SANY Group
Speedcrafts Limited
Wirtgen Group
XCMG Construction Machinery
Bomag GmbH
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.