Road Roller Market: Global Industry Analysis, Trends, and Forecast (2023-2029)

Road Roller Market was valued at US$ 2.48 Billion in 2022. The Pneumatic-tired Rollers is one of the segments reviewed in the MMR report dominating the global Road Roller market.
Road Roller Market Overview:
A road roller, also known as a roller-compactor or roller, is a compactor-type engineering vehicle used in the construction of roads and foundations to compact soil, gravel, concrete, or asphalt. In addition, road rollers are employed in agriculture and landfills. The rolling technique ensures that foundations are fully compacted, ensuring that materials do not break free. Basic features include a diesel engine, a cover to protect the driver, a drum that can be either vibratory or static smooth, tyres, a compaction meter to measure the level of compaction, & a water system.

Industrial growth & growing infrastructure markets has influenced the road roller market, resulting in heavy construction like residential & non-residential buildings, bridges, roads & highways, airports, & others. Project contractors & device manufacturers working with the military defense services are supplying road rollers to meet the requirement for immediate construction work.

The sales of roadway rollers in the defence industry have been steadily increasing over the last half-decade, & this trend is expected to continue during the forecast period. The need for road rollers in the defence industry is driven by large-scale military construction missions that include the construction of bridges & highways.

Because of the limitations on industrial and construction activity, the Covid-19 epidemic limits the usage of road rollers. During the pandemic, however, the use and demand for road rollers in the defence industry continues to grow at a modest pace. Regardless of a region's defence budget, the pandemic has shown us that it is worthwhile to just be resilient and very well. Their new focus might include increased cyber security and coastline defence, as well as the ability to support local authorities in a major crisis. Project developers & device manufacturers working with the military defense services are supplying road roller to meet the demand for immediate construction work.To know about the Research Methodology :- Request Free Sample Report

Worldwide construction equipment sales set to increase:

According to MMR report study, global construction equipment sales increased by 27% in the year 2022 to 894,000 units. This was the market's best level since 2022, & it represents a significant improvement over 2015 & 2016, when global equipment sales peaked at 702,000 units. Last year, the market was valued at $88 Bn, up 25 percent during the previous year's total of US$70.6 Bn.

The Chinese market, which has experienced a brutal boom & bust cycle in recent years, with record highs in 2018 and 2019 on the back of the government's stimulus plans followed by five years of sharply falling equipment sales, saw a dramatic rebound last year thanks to a slew of new infrastructure projects. Chinese demand for crawler excavators, for example, more than doubled in 2019 compared to sales levels in 2018. India is another significant Asian market that has maintained its strong performance. In 2018, heavy machinery sales in India increased by 10%, following the 36 percent growth observed in 2022, and pushing demand for equipment to a new high.

In the year 2018 all Western European countries saw an increase in construction equipment sales. Although Southern countries experienced the most significant growth in percentage terms, volumes in these areas remain at a historically low ebb when compared to levels previous to the global financial crisis. Belgium, Finland, Switzerland, &, most importantly, Germany are among the European countries with strong volumes, while construction equipment demand in Norway and Sweden reached all-time highs in 2019.

Following a year of falling sales in 2016, as uncertainty lingered around the outcome of the presidential election, the construction equipment market in North America found its buoyancy last year. Equipment sales increased in 2022 due to a growing economy, record high construction production, and the need to replace an ageing fleet of machines.
Regional Overview:
The Asia Pacific area is known for its rapidly growing building, military, & industrialization sectors. India & China are the two largest countries in this world. After the U. S., the countries also have the world's largest transit system in terms of length. China has the world's second-largest road network, with an overall length of 4.24 million Km, as of 2018. The nation's highway, which spans approximately 96,000 Km, is the world's longest.

China also boasts a 5700-Km national highway that is regarded as one of the world's top 10 highways. India's road network, which stretches over 4.1 million km, is the world's third largest following China's. There are 79,000 Km of major roads and 1.5 km of express highways in the country. Given the situation, there is a significant need for road rollers in the region. Other growing economies in Asia, like South Korea, Indonesia, & Malaysia, are experiencing significant need for road rollers as a result of the increased govt spending on military & infrastructure development.

The objective of the report is to present a comprehensive analysis of the Road Roller Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Road Roller Market dynamics, structure by analyzing the Market segments and project the Road Roller Market size. Clear representation of competitive analysis of key players by Horsepower, price, financial position, Horsepower portfolio, growth strategies, and regional presence in the Road Roller Market make the report investor’s guide.
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Road Roller Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.48 Bn.


Forecast Period 2023 to 2029 CAGR:
4.9%
Market Size in 2029:
US $ 3.47 Bn.


 Segments Covered:
by Horsepower
Less Than 40HP
More Than 40HP


by End Use
Single Drum
Pneumatic-tired Rollers
Tandem Drum Rollers



Road Roller Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Road Roller Market, Key Players are:
1. WIRTGEN
2. Caterpillar
3. Bomag
4. XCMG
5. Case
6. Sakai Heavy Industries.
7. JCB
8. Dynapac
9. Volvo
10. Shantui
11. Liugong Machinery
12. Ammann
13. Sany
14. XGMA
15. SINOMACH
16. Luoyang Lutong
17. Jiangsu Junma
18. DEGONG

Frequently Asked Questions:

1. Which region has the largest share in Global Aerofoils Market Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Aerofoils Market Market?
Ans: The Global Aerofoils Market Market is growing at a CAGR of 4.9% during forecasting period 2023-2029.

3. What is scope of the Global Aerofoils Market Market report?
Ans: Global Aerofoils Market Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Aerofoils Market Market?
Ans: The important key players in the Global Aerofoils Market Market are – WIRTGEN, Caterpillar, Bomag, XCMG, Case, Sakai Heavy Industries., JCB, Dynapac, Volvo, Shantui, Liugong Machinery, Ammann, Sany, XGMA, SINOMACH, Luoyang Lutong, Jiangsu Junma, and DEGONG

5. What is the study period of this Market?
Ans: The Global Aerofoils Market Market is studied from 2022 to 2029.