Road Rollers Market
Road Rollers Market Share & Trends Analysis, By Product Type (Static road roller, Pneumatic tire road rollers, Others), By Industry (Construction, Defense) & By Region Forecast, 2021-2031
Analysis of Road Rollers Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Road Rollers Market Forecast and CAGR
According to the latest research by Fact MR., the road roller market is set to witness steady growth during 2021-2031. Demand for road roller will witness steady recovery in the short-term, with an optimistic growth outlook in the long run. An automotive road roller is set to gain more demand globally, sales of road roller in the defence sector will provide momentum.
What is Driving Demand for Road Rollers?
The growing construction of roads, bridges, airports, highways, buildings increases the road roller market. The construction sector and road roller market walk together and directly proportional to each other. The market of road roller depends on the global construction industry. With the increase in construction activities, the demand for road roller also increases.
The industrial sector also drives the sales for road rollers. They have application in various industries including levelling, crushing and flattening. Additionally, rapid urbanization drives the market of road roller. The increasing connectivity of roads between cities, towns and locals has raised the demand for road rollers in the market.
Globally numerous country’s government are focusing on increase connectivity of roads which includes State highways, national highways and also the local road connectivity. The main focus area of a government now is rural development which includes road construction in rural areas to increase connectivity which led to the increase in demand for road roller at the same time.
Defence Sector Witnessing for the Highest Demand in Road Rollers Sales
The sales of road roller in the defence sector is showing numerous growth from past half decade and is expected to continue during the forecast period. The large scale military engineering mission includes the construction of bridges and roads drive the demand for road roller in the defence sector.
Covid-19 pandemic restricts the uses of road roller because of the restriction towards industrial and construction works. But, the road roller uses and demand continues with moderate growth during the pandemic in the defence sector.Regardless of the extent of the defense budget in a region, the pandemic has taught us that it is worth being resilient and planned. Their new focus could include the capacity to support the civil authorities in a national urgency, as well as enhanced cyber security and coastal defense.
The project contractors and equipment manufacturers involve with military and defence services are meeting the demand for road rollers for making immediate construction work required.
Asia Pacific Road Rollers Market Outlook
The Asia Pacific is the region known for fast-growing construction activities, defence activities and rapid industrialization. Countries including China and India are the world most populous countries. The countries are also witnessing the largest road network in terms of length after the US.
In 2012, China has the world's second-largest road network, exceeding 4.24 million kilometres. The country's expressway is the world’s biggest which extends above 96,000 km. Additionally, China has the 5700 km long national highway which is being considered one of the top ten highway in the world.
India's road network spread over 4.1 million and ranked third biggest after China.
The country is witnessing 79,000km of national highways and 1.5 kilometres of express highways. Considering the factors the region observe high demand for road rollers.
Owing to increasing government expenditures on defence and infrastructure development, other emerging economies in Asia such as South Korea, Indonesia and Malaysia also witnessing for high demand for road rollers.
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North America Demand Outlook for Road roller
Sophisticated construction techniques and defence application in North America boost up the demand for road roller. The market demand for road roller in North America is growing over the past half decades and expected to grow at the same pace.
The US is known for the highest road network in the world, 6.58 million kilometres in total length. Which includes 4.3 million kilometres of paved roads including 2.28 million kilometres of unpaved roads and a 76,334 km expressway. Canada also has over 1 million kilometres of the national road network and witnessing the high demand for road roller in roadways construction, defence and other industrial needs.
North America is the region affected most by the Covid-19 pandemic and the economy of the country also destroyed for few months. But at the same time country like the US and Canada manage to get through and started recovering at a high pace.
The road construction and other industrial activities started which leads to the recovery of the road roller market again.
Who are the Key Manufacturers and Suppliers of Road Rollers?
Some of the leading manufacturers and suppliers of road roller include
- SANY GROUP
- BOMAG GmbH
- Action Construction Equipment Ltd.
- XIAMEN XGMA MACHINERY
- Speedcrafts Ltd.
- J C Bamford Excavators
Owing to the high market price of road roller most of the end-user does not own road roller. Instead of buying road roller the end-users makes a contract agreement with manufacturers or third-party contractor for a certain period of time and make a rental agreement. Which is economically viable for both the parties.
Manufacturers by looking into the price, application and market requirement are customizing their equipment to meet the customer demand. Offering customization in terms of size, application type, durability etc.
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Road Roller Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
By Product Type
- Static road roller
- Pneumatic tire road rollers
- Smooth Wheeled Rollers
- Vibratory rollers
- Sheepsfoot rollers
- Grid Rollers
- Industrial site development
- Road construction
- Bridges construction
- Other military engineering works
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- FAQs -
The road rollers market is likely to capture a CAGR of 4.9% during the forecast period.
The road rollers market has potential growth with the rising construction industry during the forecast period.
Asia Pacific holds most opportunities in the road rollers market during the forecast period.