Asia-Pacific Road Roller Occupied 52.53% Revenue Market Share In 2018
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A road roller, sometimes also called?roller, is a type of engineering vehicle used to compact soil,?gravel,?concrete, or?asphalt?in the?construction?of?roads. In addition, rollers are also used at landfills or in agriculture. In some parts of the world, road rollers are still known as steam rollers, regardless of their method of propulsion.
In the coming years the demand for road roller in the developing countries of that is expected to drive the market for more advanced road roller. Increasing of construction field expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, these are all the driving factors of road roller market.
Globally, the road roller’s industry market is low concentrated as the manufacturing technology of road roller is relatively matures than some high-tech equipment. And some enterprises, like WIRTGEN, Caterpillar and Bomag etc. are well-known for the wonderful performance of their road roller and related services. At the same time, Asia-Pacific, occupied 52.53% revenue market share in 2018, is remarkable in the global road roller’s industry because of their market share and technology of road roller.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the road roller market to approach these areas. GIR analysis of the road roller market indicated that Asia-Pacific would account for the highest sales in 2024. Vendors recognize the importance of this region, particularly in China, India and Southeast Asia, and are working towards penetrating this market by strengthening their sales and distribution networks.
Although the market competition of road roller is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of road roller and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.