Press release
Road Compactor Market Growth, Size, Share, Industry Report and Forecast 2021-2027| WIRTGEN, Caterpillar, Fayat, XCMG
The global Road Compactor market was valued at 2731.18 Million USD in 2020 and will grow with a CAGR of 3.27% from 2021 to 2027. The need for road compactors in the market is booming due to significant growth in global industrialization and growing infrastructure, such as non-residential complexes, residential buildings, bridges, highways, and roads, among other things. The increasing frequency of accidents related to compactors, which endanger the lives of workers, is a problem that is limiting the market's growth.Our market analysis also includes a part dedicated only to such significant firms, in which our experts present an overview of all of the main players' financial statements, as well as product benchmarking and SWOT analysis.
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Top Key Players Included in Road Compactor Industry Report: WIRTGEN, Caterpillar, Fayat, XCMG, SAKAI HEAVY INDUSTRIES, Case, JCB, Sany, Liugong Machinery, Volvo, Ammann, XGMA, Luoyang Lutong, Jiangsu Junma, Shantui
The Road Compactor market report includes a combination of quantitative market data and qualitative analytical statistics to hit upon market income with the aid of using key classes and end-use packages. The document bridging historic statistics among 2015 and 2020, with the emergence of the most modern state of affairs withinside the global Road Compactor market, that is anticipated to 2027, has made companies uncertain what the destiny potentialities are, because of a disturbance withinside the cost chains.
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Road Compactor Industry segment by Type:
Single Drum Vibratory Road Compactor
Double Drum Vibratory Road Compactor
Tire Road Compactor
Road Compactor Industry segment by Application:
Road Construction
Public Engineering
The pandemic COVID-19 has adversely damaged the worldwide expansion of various sectors. The car sector has also suffered because of the lockdowns enforced by countries that have stopped manufacturing. Thanks to the pandemic and stoppage in the production sector, some enterprises have begun implementing new technologies to compensate for wages and to boost efficiency. The Road Compactor sector continued to revive after the pandemic and consistently saw a rise in investment. The pandemic has raised firms' interest in voice control and software for recognition.
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