What is Global Single Drum Road Compactor Market?
The Global Single Drum Road Compactor Market is a sector that focuses on the production and distribution of single drum road compactors, which are essential machines used in road construction. These machines are designed to compact different types of soil and gravel, making the surface smooth and suitable for road construction. The market is global, meaning it involves manufacturers, distributors, and consumers from all over the world. The value of this market was estimated to be US$ 1288.1 million in 2023. This value is expected to increase to US$ 1611.6 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.3% from 2024 to 2030. This growth is driven by the increasing demand for road construction and public engineering projects worldwide.
Less than 5 ton, 5-13ton, More than 13 ton in the Global Single Drum Road Compactor Market:
The Global Single Drum Road Compactor Market is segmented based on the weight of the machines. The segments include less than 5 tons, 5-13 tons, and more than 13 tons. The less than 5 tons segment includes compactors that are lightweight and easy to maneuver, making them suitable for small-scale projects and tight spaces. The 5-13 tons segment includes medium-sized compactors that offer a balance between maneuverability and compaction power. These machines are commonly used in road construction and public engineering projects. The more than 13 tons segment includes heavy-duty compactors that deliver high compaction power, making them suitable for large-scale projects and tough terrains. Each segment caters to different needs and applications, contributing to the diversity and versatility of the market.
Road Construction, Public Engineering, Others in the Global Single Drum Road Compactor Market:
The Global Single Drum Road Compactor Market serves various areas, including road construction, public engineering, and others. In road construction, these machines are used to compact the soil and gravel, creating a smooth and stable surface for laying asphalt or concrete. In public engineering, they are used in projects like building foundations, parking lots, and playgrounds. Other areas include mining, agriculture, and landfill, where these machines are used to compact the ground for various purposes. The versatility of single drum road compactors makes them indispensable in these areas, driving the growth of the market.
Global Single Drum Road Compactor Market Outlook:
Looking at the market outlook, the Global Single Drum Road Compactor Market was valued at a significant US$ 1288.1 million in 2023. The market is projected to experience a steady growth, with the value expected to reach US$ 1611.6 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 3.3% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for these machines in various areas, including road construction and public engineering. The market is expected to continue growing, driven by the ongoing development projects worldwide.
| Report Metric | Details |
| Report Name | Single Drum Road Compactor Market |
| Accounted market size in 2023 | US$ 1288.1 million |
| Forecasted market size in 2030 | US$ 1611.6 million |
| CAGR | 3.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | WIRTGEN, Caterpillar, Bomag, XCMG, Case, SAKAI HEAVY INDUSTRIES, LTD., JCB, Dynapac, Volvo, Shantui, Liugong Machinery, Ammann, Sany, XGMA, SINOMACH, Luoyang Lutong, Jiangsu Junma |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
