Asphalt Compactor Market Scope
The asphalt compactor is heavy construction equipment used to compact the asphalt. Asphalt compactor market has high growth prospects owing to growth in the construction industry worldwide. Further, increasing government investment in the new construction projects supplementing the market growth. In addition, rising smart city projects and increasing demand from the developing economies expected to drive the demand of asphalt compactor market over the forecasted period.
The market study is being classified, by Application (Road Construction, Public Engineering and Others) and major geographies with country level break-up.
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that United States, China Vendors will contribute to the maximum growth of Global Asphalt Compactor market throughout the predicted period.
Caterpillar (United States), Komatsu (Japan), Volvo Construction Equipment (Sweden), Hitachi Construction Equipment (Japan), Liebherr (Germany), Sany (China), Zoomlion (China), JCB (United Kingdom), Terex (United States), Doosan Infracore (South Korea) and John Deere (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are BAS Machinery (The Netherlands), XCMG (China), Volvo (Sweden) and LiuGong (China).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Asphalt Compactor market by Type, Application and Region.
On the basis of geography, the market of Asphalt Compactor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User , the sub-segment i.e. Commercial use will boost the Asphalt Compactor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Weight, the sub-segment i.e. Less than 5 ton will boost the Asphalt Compactor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Emphasizing On Development of Intelligent Compaction Construction Machineries
- Rising Popularity of Rentals Asphalt Compactor
Market Drivers
- Growing Number of Smart City Projects
- Increasing Government Investment in Constructions in Emerging Countries
Opportunities
- Rising Investment in Road Development and Maintenance
- Increasing Demand from the Developing Economies
Restraints
- Stringent Government Regulations for Construction Industry
- Lack of Workforce to Operate Asphalt Compactor
Challenges
- Lack of Awareness in the Low and Middle Income Group Countries
Key Target Audience
Asphalt Compactor Manufacturers, Asphalt Compactor Distributors, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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