Soil Compaction Machines Market Forecast by Products, End-Users and Region through 2019 to 2028
Verfasser: ashwani_kailiya on Monday, 2 March 2020The global soil compaction machines market is set to surpass a value of US$ 9 Bn by the end of 2028, as per the recent research intelligence study of FactMR. Businesses in the soil compaction machines market are increasingly focusing on improving the price to performance ratios of their offerings to gain traction among consumers.
"Leading soil compaction machines manufacturers are introducing upgraded machine models with an extended variety of features for end users that offer high-performance capabilities," says the Fact.MR report.
Soil Compaction Machines Market: Key Findings
- Demand for light soil compaction machines will grow 1.5X during the forecast period, owing to the larger demand for asphalt roads.
- Single drum rollers will remain the preferred product category.
- Heavy soil compaction machines will display rapid growth, 4X greater than that of light compaction machine variants.
- Asia Pacific is set to exhibit a substantial CAGR through 2028, on back of new road infrastructure projects in India and China.
Soil Compaction Machines Market: Key Driving Factors