The global roller compactor market which is also often referred to as the road roller market is without doubt a significant segment within the spectrum of the construction equipment industry. Roller compactors are acknowledged to be among the most essential of machines when it comes to infrastructure development due to the role that these machines play when it comes to compaction of soil, gravel, asphalt, and other materials which are crucial within the scope of road construction and road maintenance projects among others. The market size for this segment from a global perspective is an approximate USD 180 million currently and has been projected to grow to about USD 250 million by the year 2028 which reflects a CAGR of more than 5.5% for the forecasted period.
Market Drivers
According to statistical reports the primary drivers of the roller hire market include demand for improved road infrastructure in both developing and developed countries that depend on road infrastructure for the economic activities. Apart from that construction equipment rental companies that manage large fleets and offer machinery such as excavators, cranes and roller compactors for hire among others are among the bulk buyers in the market that support smaller scale projects which include home improvement and landscaping projects that require roller compactors. The technological advancements within the roller compactor machine category lead by leading manufacturers such as Dynapac, Hamm and Bomag that such as seismic readers, vibration + oscillation features and enhanced safety sensors has redefined the market rendering older model obsolete.
Key Market Players and Segmentation
Among the key players in the roller compactor market segment include WIRTGEN, Dynapac (Compactor Roller for Hire Market Sphere), Bomag, Caterpillar, CASE, XCMG, Volvo and Ammann. These leading industry players compete within the single drum (vibratory), double drum (vibratory) and tire roller sphere for roadwork, public construction (parking lots, pavements, sports arenas), landscaping and the mining market components. As for geographical segments, North America owns the biggest market share followed by Europe, Asia Pacific, South America, The Middle East and Africa.
Construction Equipment Rental Component
A vast majority of roller compactor purchases are by construction equipment rental companies that offer equipment such as roller compactors for hire and most of the players within this segment compete on the grounds of being able to offer the latest construction equipment that have advanced features. Based on market insight on such companies which are generally located in big cities such as Melbourne, these companies are able to recoup on investments into heavy machines within a single financial year which makes the industry lucrative. However the entry bar into the construction equipment rental sphere is high due to the large capital that is required to initiate the business. The business mechanics of the rental market sphere is dynamic and the level of competition is significant in terms of pricing and services. Most construction equipment rental companies offer varied services which include delivery and pick-up, discounts on long term contracts and also onsite service and consultation to remain relevant to their respective markets.
