According to a recent survey published by FMI, the global Compaction equipment market is expected to grow at a healthy CAGR during the forecast period between 2018 and 2028. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Compaction equipment over the coming decade.
Advent of Industry 4.0 Technology to Create New Growth Avenues for the Compaction equipment Market
The industrial sector is undergoing a revolution as firms throughout the world place a high priority on embracing modern technology.
With the growth of Industry 4.0, manufacturing facilities are prioritising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning. This is expected to lead to significant growth opportunities in the Compaction equipment market.
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Furthermore, rising government emphasis on improving the manufacturing sector and integrating augmented and virtual reality using smart equipment to boost output are expected to drive market demand in the approaching years.
Key Compaction equipment Market Takeaways and Projections
· The U.S. is estimated dominate the Compaction equipment market in North America, accounting for the largest share in the region through 2022.
· Germany is projected to account for a significant share in the Europe market over the assessment period.
· China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2018 and 2028
· India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
· Compaction equipment Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
· Compaction equipment Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Compaction equipment market. As per the survey, Compaction equipment sales will project steady growth over the forecast period.
· Compaction equipment Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Compaction equipment.
· Compaction equipment Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
Compaction equipment Market: Market Participants
Examples of some of the market participants/vendors identified across the value chain of the Compaction equipment market are:
- Hitachi Construction Machinery
- JCB
- Atlas Copco
- Bomag
- CASE Construction Equipment
- Ammann Group
- Hamm AG
- Martin Trailer Company
- MBW Inc.
- Thetford International
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Compaction equipment Market: Segmentation
Type
- Light Soil Compacting Equipment
- Rammers
- Vibro Tampers
- Vibrating Plate Compactors
- Heavy Soil Compacting Equipment
- Smooth Wheeled Rollers
- Static smooth wheeled rollers
- Vibrating smooth wheeled rollers
- Sheepsoot Roller
- Pneumatic Tyred Rollers
- Grid Rollers
- Pad Foot / Tamping Rollers
construction:
- Dams
- Roads
- Bridges
- Others
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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