Press release
Accelerating Urbanization and Industrialization Fuels Global Building Road Roller Market Growth | Top Key Players Like: AB Volvo, BOMAG GmbH, Caterpillar, Changlin Company Limited and Others
Building Road Roller
The Global Building Road Roller Market was valued at USD 2.36 billion in 2021 and is anticipated to reach USD 5.78 billion by 2030, recording a CAGR of 4.6% throughout the predicted period. The industry of building road roller markets is driven to satisfy the needs of various construction projects. The need for properly compacted foundations and materials drives up demand for road rollers in construction, agricultural fields, and landfills.
During the construction of roads, the foundations of airports and ports, landfills, or in agriculture, dirt, gravel, concrete, asphalt, and other materials are routinely compacted using a road roller or compactor, an engineering tool. A road roller's primary function is to exert force on loose materials directly in order to compress, soften, or vibrate particles. Condensing of weakly bonded foundation materials is accomplished via rolling.
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Urbanization and industrialization are driving factors for the growth of the global building road roller market. With the increasing population in urban areas, there is a growing need for the construction of residential and commercial buildings, as well as roads and highways. Building road rollers are used extensively in the construction industry to compress soil, gravel, concrete, and asphalt, to ensure the stability and durability of the infrastructure.
Eminent Industry Players to Strengthen Their Global Presence Through Mergers and Acquisitions:
The eminent leading players in the global building road roller market strive to strengthen their global presence through implementation of various organic, inorganic strategies, mergers and acquisitions. The growing demand for road rollers on the international market is expected to generate attractive growth prospects for market participants in the near future.
Top Key Players:
· AB Volvo
· BOMAG GmbH
· Caterpillar
· Changlin Company Limited.
· Dynapac Compaction Equipment AB
· J C Bamford Excavators Ltd.
· Liugong Machinery Co., Ltd
· Sakai Heavy Industries, Ltd.
· SANY Group
· Speedcrafts Limited
· Wirtgen group
· XCMG Construction Machinery Co., Ltd.
· Xiamen XGMA Machinery Co., Ltd.
· Others
Key Industry Developments:
• In April 2021, Caterpillar released ten new tandem and combination utility compactors that offer superior efficiency, greater productivity, straightforward operation, and simple maintenance, expanding its 2- to 5-tonne product portfolio.
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Global Building Road Roller Market Segmentation:
By Product Type:
•Static roller
•Pneumatic roller
•Vibratory roller
•Sheepsfoot roller
•Grid Roller
•Others
Product Type Segment to Lead Market as They Play a Significant Role in Construction Manufacturing:
On the basis of the component, the global building road roller market is segmented into static roller, pneumatic roller, vibratory roller, sheepsfoot roller, grid roller, and others. The vibratory roller segment is accountable for the largest market share in 2020, owing to the fine compression of hard materials like asphalt, gravel, sand, and other materials using unique double drum vibratory rollers.
Furthermore, the segment is expected to grow at a significant CAGR over the forecast period due to their suitability for the construction of walkways, paving, and road construction, which propels the segment's market growth.
By Application:
• Roads Building
• Sites Development
• Industrial Yards Construction
Accelerating Urbanization and Industrialization Fuels Market Growth:
The rapid growth of the global building road roller market is anticipated to be aided by the investment of nations to improve the infrastructure via the construction of skyscrapers, new buildings, roadways, and other new infrastructure. The rising urbanisation and industrialization further accelerates the market growth.
Additionally, nations are investing in redeveloping their cities and upgrading their infrastructure, which is anticipated to increase demand for construction tools and, in turn, raise the cost of vehicle road rollers. Growing trends in the integration of electronically controlled, fuel-efficient machinery with autonomous and semi-autonomous systems are enhancing real-time coordination among diverse systems and processes, which further bolsters market expansion.
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By Region:
North America- U.S., Mexico, Canada
Europe- UK, France, Germany, Italy, Spain, Rest of Europe
Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
South America- Brazil, Argentina, Colombia, Rest of South America
The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
North America is Anticipated to Dominate the Market share Due to Accelerating Investments Over R&D Activities:
North America is anticipated to dominate the market share of the global building road roller market due to the increasing investments over R&D activities. The industry is continuing to expand as a result of expanding governmental investment and construction initiatives targeted at updating the region's outmoded infrastructure. In North America, advanced construction techniques and defence uses have fueled a greater need for road rollers. Over the past 50 years, the market need for road rollers in North America has surged.
However, the global building road roller market in Asia Pacific is anticipated to experience a rapid growth rate over the projection period. Rising government spending on infrastructure and defence has resulted in a significant increase in demand for road rollers, propelling the market due to the growing population. Additionally, the industry is expanding as a result of rising public investments in infrastructure development, which further bolsters market expansion.
TABLE OF CONTENTS:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Building Road Roller Market
Chapter 5. Global Building Road Roller Market Overview, By Product Type, 2017 - 2030(USD Million)
Chapter 6. Global Building Road Roller Market Overview, By Application, 2017 - 2030(USD Million)
Chapter 7. Global Building Road Roller Market Overview, By Geography, 2017 - 2030(USD Million)
...TOC Continued
Browse Complete TOC: https://www.extrapolate.com/toc/Machinery-Equipment/building-road-roller-market/26028
Our Other Report:
Biomethane Market:https://www.energy-daily.com/reports/prnewswire-energy-daily-news.html?rkey=20230323IO50751&filter=1615
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Extrapolate is a Global Market Research, Advisory and Consulting firm that works closely with Industry experts from various industries to bring the latest and most accurate research reports,
In an era of breakneck change and a low tolerance for missed or misread opportunities, businesses need astute guidance to shape markets - not merely respond to them. Extrapolate helps clients develop market perspectives that drive success.
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