Registering a CAGR of 1.3% over the forecast period of 2022-2027, the vibratory asphalt compactor market is anticipated to reach the market value of US$ 965.8 million in the year 2027 from US$ 915.4 in the year 2021.
Vibratory Asphalt Compactor Market Overview
The global vibratory asphalt compactor market is expected to grow at a moderate pace during the forecast period. The market is primarily driven by the rising demand for compact and durable construction equipment, along with the need for efficient pavement construction. Vibratory asphalt compactors are increasingly being used in the construction of highways, parking lots, and driveways due to their ability to deliver high compaction performance with minimum effort. Moreover, these compactors are also being used for the repair and maintenance of existing roads and pavements. The rising adoption of vibratory asphalt compactors in emerging economies is another key factor driving the market growth. However, the high cost of these machines is expected to restrain market growth to some extent over the forecast period.
The report also assesses the key opportunities in the Vibratory Asphalt Compactor market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Vibratory Asphalt Compactor Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Vibratory Asphalt Compactor Industry News
March 30, 2021: Caterpillar Introduces Five New Soil Compactors to the Market--
Caterpillar, Inc. have expanded their single-drum vibratory soil compactor line with the introduction of the new 84-in. drum width Cat GC Series, built for simple operation, high reliability and low cost-per-hour performance. With both smooth (CS) and padfoot (CP) drum models available for the compaction of granular and cohesive soils, the new models deliver reliable performance for applications such as road building, site preparation, large earth fill applications etc.
November 19, 2021: CASE introduces two new vibratory rollers to its E-Series--
CASE Construction Equipment introduces the SV215E and SV217E single-drum vibratory rollers. These new models are built with the intention of offering fast and consistent soil compaction for varying lift ranges and material types.
Who are the Major Players in Vibratory Asphalt Compactor Market?
Top Key Players in the Vibratory Asphalt Compactor Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Vibratory Asphalt Compactor Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include WIRTGEN, Caterpillar, Bomag, XCMG, Case, Sakai Heavy Industries, JCB, Dynapac, Volvo, Shantui, Liugong Machinery, Ammann, Sany, XGMA, SINOMACH, Jiangsu Junma and others.
Global Vibratory Asphalt Compactor Market research provides detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
What are the major Applications, Types, and Regions for Vibratory Asphalt Compactor Market?
By Type, Vibratory Asphalt Compactor Market has been segmented into
- Less than 5 ton
- 5-13 ton
- More than 13 ton
By Application, Vibratory Asphalt Compactor Market has been segmented into
- Road Construction
- Public Engineering
- Others
Regional Analysis
The report offers an in-depth assessment of the growth and other aspects of the Vibratory Asphalt Compactor Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The global vibratory asphalt compactor market is expected to grow at a significant rate during the forecast period due to the increase in construction activities in Asia Pacific and North America. The Asia Pacific region is projected to grow at the highest CAGR during the forecast period followed by North America and Europe. The North American region is expected to be the second-largest market due to the presence of key manufacturers in the United States and Canada. The European region is expected to grow at a moderate rate due to stringent environmental regulations related to emissions from construction equipment.
Vibratory Asphalt Compactor Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Vibratory Asphalt Compactor Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
What is our Vibratory Asphalt Compactor Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 1.3% over the forecast period (2022-2027)
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By Type
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- Less than 5 ton
- 5-13 ton
- More than 13 ton
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By Application
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- Road Construction
- Public Engineering
- Others
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By Companies
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WIRTGEN, Caterpillar, Bomag, XCMG, Case, Sakai Heavy Industries, JCB, Dynapac, Volvo, Shantui, Liugong Machinery, Ammann, Sany, XGMA, SINOMACH, Jiangsu Junma
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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115
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Vibratory Asphalt Compactor Report
- Evaluate Vibratory Asphalt Compactor market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end-use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Vibratory Asphalt Compactor market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Vibratory Asphalt Compactor Market?
The Vibratory Asphalt Compactor Market is growing at a CAGR of 1.3% over the next 5 years.
Who are the key players in Vibratory Asphalt Compactor Market?
WIRTGEN, Caterpillar, Bomag, XCMG, Case, Sakai Heavy Industries, JCB, Dynapac, Volvo, Shantui, Liugong Machinery, Ammann, Sany, XGMA, SINOMACH, Jiangsu Junma
What are the significant types of Vibratory Asphalt Compactor Market?
Less than 5 ton, 5-13 ton, More than 13 ton
What are the major end-use applications of Vibratory Asphalt Compactor Market?
Road Construction, Public Engineering, Others
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
