Market Overview:
The global compact pavement milling machines market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for compact pavement milling machines for various applications such as road construction and public engineering. On the basis of type, the global compact pavement milling machines market has been segmented into wheeled road milling machine and tracked road milling machine. Of these, the wheeled road milling machine segment is expected to account for a larger share of the global market during the forecast period. On the basis of application, the global compact pavement milling machines market has been segmented into road construction and public engineering.
Product Definition:
Compact pavement milling machines are small, lightweight machines that can be easily transported to different job sites. They are used to mill the surface of asphalt or concrete pavement in order to create a smooth and even surface. The importance of compact pavement milling machines is that they can quickly and easily remove any bumps or uneven surfaces from a paved surface, making it smoother and easier to drive on.
Wheeled Road Milling Machine:
The global wheeled road milling machine market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for compact pavement milling machines on account of their ability to perform operations with lesser floor space, higher speed, and better accuracy is anticipated to drive the growth during the forecast period 2017-2022.
Tracked Road Milling Machine:
Tracked road milling machines are used to cut a smooth and level surface in compact pavements. The machine consists of two main components, namely the tracked vehicle and the grinding head. The tracks are made up of steel or other metal sheets that ride on four wheels with tires while simultaneously grinding the pavement through a rotating mechanism.
Application Insights:
The road construction application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Road construction activities are generally carried out during times of emergencies, such as natural disasters or civil unrest. In such situations, compact machines can be deployed rapidly to provide relief work by providing vital services on-site quickly and efficiently.
Mining applications include opencast mining, underground mining including coal mines & metal mines, quarrying & crushing plants among others which require large volumes of crushed stones for use in various applications including roadways and landscaping among others.
Regional Analysis:
Asia Pacific dominated the global compact pavement milling machines market in 2016 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing road infrastructure development, coupled with rising demand for better connectivity and mobility. In addition, growing industrialization across emerging economies of Asia Pacific is anticipated to drive product demand in public engineering applications.
The U.S., being a developed economy, holds a significant share of global compact paved machinery industry; however, it is expected to lose some market share due to stiff competition from Asian manufacturers owing to lower labor costs as well as manufacturing cost involved in these projects compared with construction activities carried out within North America region itself.
Growth Factors:
- Increasing demand for compact pavement milling machines from the construction and infrastructure sectors due to the growing need for better infrastructure facilities.
- Rising urbanization and industrialization in developing countries is expected to drive the demand for compact pavement milling machines over the forecast period.
- Growing awareness about the benefits of using compact pavement milling machines over traditional methods is projected to boost market growth during the forecast period.
- Technological advancements in machine design and increasing adoption of automated systems is anticipated to propel market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Compact Pavement Milling Machines Market Research Report
By Type
Wheeled Road Milling Machine, Tracked Road Milling Machine
By Application
Road Construction, Public Engineering
By Companies
Wirtgen, Caterpillar, XCMG, Bomag, Dynapac, RoadTec, CMI, Sany Group, Shantui, LiuGong, Xi'an Hongda, Kaiao, XGMA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Compact Pavement Milling Machines Market Report Segments:
The global Compact Pavement Milling Machines market is segmented on the basis of:
Types
Wheeled Road Milling Machine, Tracked Road Milling Machine
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Road Construction, Public Engineering
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wirtgen
- Caterpillar
- XCMG
- Bomag
- Dynapac
- RoadTec
- CMI
- Sany Group
- Shantui
- LiuGong
- Xi'an Hongda
- Kaiao
- XGMA
Highlights of The Compact Pavement Milling Machines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wheeled Road Milling Machine
- Tracked Road Milling Machine
- By Application:
- Road Construction
- Public Engineering
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Compact Pavement Milling Machines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Compact Pavement Milling Machines are a type of machine that is used to mill or grind the surface of a pavement. They are typically smaller and more compact versions of traditional road construction equipment, making them easier to maneuver and use in tight spaces. Compact Pavement Milling Machines can be used for a variety of purposes, including grinding down rough edges or patches on the pavement surface, smoothing out irregularities, and creating a smooth finish.
Some of the major companies in the compact pavement milling machines market are Wirtgen, Caterpillar, XCMG, Bomag, Dynapac, RoadTec, CMI, Sany Group, Shantui, LiuGong, Xi'an Hongda, Kaiao, XGMA.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Compact Pavement Milling Machines Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Compact Pavement Milling Machines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compact Pavement Milling Machines Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Compact Pavement Milling Machines Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Compact Pavement Milling Machines Market Size & Forecast, 2020-2028
4.5.1 Compact Pavement Milling Machines Market Size and Y-o-Y Growth
4.5.2 Compact Pavement Milling Machines Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wheeled Road Milling Machine
5.2.2 Tracked Road Milling Machine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Road Construction
6.2.2 Public Engineering
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compact Pavement Milling Machines Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Compact Pavement Milling Machines Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wheeled Road Milling Machine
9.6.2 Tracked Road Milling Machine
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Road Construction
9.10.2 Public Engineering
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wheeled Road Milling Machine
10.6.2 Tracked Road Milling Machine
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Road Construction
10.10.2 Public Engineering
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wheeled Road Milling Machine
11.6.2 Tracked Road Milling Machine
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Road Construction
11.10.2 Public Engineering
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wheeled Road Milling Machine
12.6.2 Tracked Road Milling Machine
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Road Construction
12.10.2 Public Engineering
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wheeled Road Milling Machine
13.6.2 Tracked Road Milling Machine
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Road Construction
13.10.2 Public Engineering
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Compact Pavement Milling Machines Market: Competitive Dashboard
14.2 Global Compact Pavement Milling Machines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wirtgen
14.3.2 Caterpillar
14.3.3 XCMG
14.3.4 Bomag
14.3.5 Dynapac
14.3.6 RoadTec
14.3.7 CMI
14.3.8 Sany Group
14.3.9 Shantui
14.3.10 LiuGong
14.3.11 Xi'an Hongda
14.3.12 Kaiao
14.3.13 XGMA
