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Market Scenario:The compactor is a machine that compacts the layers of various materials and reduces the thickness of the respective layer by reducing the air voids. Rapid growth in infrastructure and construction activities across the globe are the key factors driving the growth of the Compactors Market. The introduction of stringent regulatory policies, is also fuelling the demand of this market. On other hand, high manufacturing cost of compactor may hamper the growth of the Global Compactors Market. Global Compactors Market is expected to grow at CAGR of 3% by 2022.
Key Players:
The key players of Global Compactors Market are Terra Compactor Wheel Corporation (U.S.), Caterpillar Inc., (U.S.), BOMAG GmbH (Germany), Marcel Equipment Limited (Canada), HJ Industries (U.S), Humdinger Equipment Ltd. (U.S), G.G. Compactors Limited. (U.K.), Hamm AG (Germany), Sakai America, (U.S.), and MBW Incorporated (U.S).
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A compactor is a machine or mechanism used to reduce the size of material such as waste material or bio mass through compaction. Increasing demand from home or business to reduce the amount of trash ultimately increases the demand of compactors.
The report has been analyzed based on types, end users and regions. On the basis of type, global compactors market is segmented into landfill compactors, trash compactors, vibratory plate compactors and others. Landfill compactors segment accounts for the largest market share in the global compactors market and it is expected to retain the same in future.
Landfill compactors are especially designed equipment for spreading and distributing large amount of waste in a landfill environment. Billion tons of solid waste are generated, annually, which have resulted in shortage of landfill space also lead to the demand for landfill contractors. Landfill compactors crush, knead, and spread the waste materials with using their own staggering weight as well as specialized steel wheels. Landfill compactors function with high speed as compared to track machines, which are used if waste does not have to be lifted to a greater distance. Trash Compactors and vibratory plate compactors is expected to grow with moderate pace during the forecast period.
Industrial Sector Dominates the End User Segment:
On the basis of end-users, the Global Compactors Market is segmented into residential, commercial, industrial and others. Industrial sector dominates the end user segment of Global Compactors Market. Rapid growth in construction industry across the globe is the primary driving factor of this market. Additionally, increase in the demand of scrap metal processing from manufacturing sector also accelerates the demand of this market. In commercial sector, high demand of compactor from restaurants and hotels is driving the growth of the market. In restaurants and hotels, compactors are used to reduce the volume of non-recyclable waste as well as curb nuisance such as rodents and smell. Trash compactor are used largely in residential sector to reduce the volume of garbage.
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Regional Analysis:
North America region dominates the Global Compactors Market. Recovery of the residential housing sector in this region is a significant factor that spurs the demand of the market in North America region. Asia Pacific region is expected to grow at fastest pace during the forecast period. Rapid growth in urbanization and industrialization in Asia-Pacific region, ultimately drive the demand of the market.
Key Points from Table of Contents:
7 Competitive Analysis
7.1 Introduction
7.2 Competitive Scenario
7.2.1 Market Share Analysis
7.2.2 Market Development Analysis
7.2.3 Product/Service Benchmarking
7.3 Terra Compactor Wheel Corp (U.S.)
7.3.1 Overview
7.3.2 Product/Service Offering
7.3.3 Strategy
7.4 Caterpillar Inc., (U.S.)
7.4.1 Overview
7.4.2 Product/Service Offering
7.4.3 Strategy
7.5 BOMAG GmbH (Germany)
7.5.1 Overview
7.5.2 Product/Service Offering
7.5.3 Strategy
7.6 Marcel Equipment Limited (Canada)
7.6.1 Overview
7.6.2 Product/Service Offering
7.6.3 Strategy
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