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Compactors - Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Compactors - Market SizeThe global Compactors market size is expected to reach US$ 3991.1 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029.
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Compactors - Market
A compactor is a machine or mechanism used to reduce the size of material such as waste material or bio mass through compaction. A trash compactor is often used by a home or business to reduce the volume of trash it produces. A baler-wrapper compactor is often used for making compact and wrapped bales in order to improve logistics.
The market is mainly driven by the significant applications of Compactors in various end use industries. The expanding demands from the Residential, Commercial, Industrial and Others, are propelling Compactors market. Landfill Compactors, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Trash Compactors segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Compactors market, driven by demand from China, the second largest economy with some signs of stabilising, the Compactors market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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Company Profiles:
• Caterpillar Inc.
• BOMAG GmbH
• Sakai America
• Hamm AG
• G.G. Compactors Limited.
• Humdinger Equipment Ltd.
• Wastequip
• PRESTO
• Marathon Equipment
• Capital Compactors & Balers
• Pakawaste
• Harmony Enterprises
• BERGMANN
• Sunshine Recycling
• Precision Machinery Systems
• Kenburn
• WasteCare Corporation
• Nedland Industries
• Mil-tek
• Compactors, Inc.
• ACE Equipment Company
• AEL
• SYET
Segment by Type:
• Landfill Compactors
• Trash Compactors
• Vibratory Plate Compactors
by Application
• Residential
• Commercial
• Industrial
• Others
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