Compaction Machines Market, By Product Type (Heavy compaction machines (Heavy Tandem Roller (5-8 Tonne, 8-11 Tonne, > 11 Tonne), Single Drum Roller (3-5 Tonne, 5-8 Tonne, 8-12 Tonne, 12-15 Tonne, > 15 Tonne), Pneumatic Roller), Light compaction machines (Hand Operated machines (Rammer, Vibratory plates (forward), Vibratory plates ( reverse), Walk behind Roller), Light Tandem Roller (< 1.8 Tonne, 8-3 Tonne, 3-5 Tonne), Trench Roller)), By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
There are many different types of compact machines. Some machines are designed specifically for grinding or cutting materials, others are designed to make things lighter or easier to transport (such as having compartments for different products inside a compact machine). Other machines have a combination of both functions - some can grind and cut, but also package and unpack items for transportation. An optional additional packet is now available, which allows the production capacity of compact machines to be increased. It is called Advanced Compact Machine and allows for the production of four additional blocks of freestone. One of these blocks has a special redstone ore level, which is only found in concentrated form, and cannot be naturally mined.
Market Dynamics
Rising population combined with rapid urbanization is expected to boost the global compact machines market growth over the forecast period. According to the United Nations (UN), by 2050, around 68% of the global population is expected to live in urban areas, adding another 2.5 billion people to urban areas. According to the same source, the global urban population is growing rapidly from 751 million in 1950 to 4.2 billion in 2018. With rising urban population, demand for new residential as well as commercial construction has increased, thereby accelerating the adoption different types of compact machines.
Furthermore, increasing demand for compact construction equipment since they are highly versatile, movable from one place to another and easy to run is expected to propel the global compact machines market growth over the forecast period.
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