The global Rammer Market is anticipated to reach a value of USD 1.9 Billion in 2022 and continue to expand at a CAGR of 4.6% from 2022 to 2032, according to research by Future Market Insights. By the end of 2022, the top 3 countries are predicted to hold around 35-38% of the market due to rising road and construction sector growth worldwide.
| Attributes | Details |
|---|---|
| Market Size 2022 | USD 1.9 Billion |
| Market Size 2032 | USD 3.0 Billion |
| Value CAGR (2022 to 2032) | 4.6% |
| Collective Value Share: Top 3 Countries (2022E) | 35 to 38% |
The global Rammer market forms around 30-35% of the global compaction machines market worth USD 5.9 Billion in 2021.
According to the FMI analysis, the Rammer market reached over USD 1.8 Billion in 2021. The global Rammer market is anticipated to register a CAGR of 4.6% during 2022 to 2032.
Due to an increase in the pace of civil construction in emerging and developing countries, it is projected that rammer demand would expand globally. According to FMI Analysis, the construction sector contributes almost 13% of the total GDP. Rammer sales are expected to increase as road construction and maintenance activities increase globally. According to a recent forecast by FMI analysis, sales of rammers will increase between 2022 and 2032, creating a growth opportunity of USD 1.2 Billion.
As a result of urbanization and population increase, regional and federal governments are encouraging public and private investment and expanding road infrastructure development in order to boost economic growth in both urban and rural areas. The market for rammers is anticipated to rise as a result of increased investment in the mining and oil and gas industries.
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The global Rammer Market has registered a CAGR of 2.2% during the historic period with a market value of USD 1.8 Billion in 2021.
Rammers are construction devices used at the earth's surfaces during road construction and flooring operations. For highway, rural, and urban road building and maintenance tasks for groundwork, these hand-operated, engine-driven, or electric-driven compaction machines are necessary. Rammers also offer advantages including their modest size for light groundwork.
Rammers can be used for a variety of tasks, including patching up roads, setting up street furniture, laying building foundations, hard landscaping, and creating asphalt and concrete bases. The majority of the time, rammers are manually controlled vibratory devices that use compaction forces produced by gasoline or diesel engines.
Rammers are in high demand worldwide as a result of the expansion of the industrial and infrastructure sectors of the world's fast-paced economies, which have spent much on road maintenance and infrastructure projects. In order to lower the number of accidents, it is proven to be highly beneficial to understand the value of road maintenance globally. This will ultimately drive the global rammer market throughout the forecast period.
By the end of 2032, the demand for road traffic will be so high that roads will need to be continuously built and improved in both urban and rural regions. Due to increased cost-efficiency and high-quality products offered by rental companies, construction organizations are expected to concentrate on renting equipment. Additionally, rental companies offer end users, and contractors rammer equipment in various sizes, which is anticipated to further increase demand for the rental market.
Market expansion is anticipated to be facilitated by the global expansion of the construction industry and rising investments in the construction of public infrastructure projects. There has been a significant rise in government investment in road and transportation infrastructure in several developing countries such as India. In the upcoming years, rammer demand is anticipated to increase as a result of road maintenance is necessary to prevent accidents, and as traffic and the number of vehicles rise, so does the demand for road safety, creating a lucrative market for rammers in the Asia-Pacific
Highways form a large portion of both passenger and freight transportation in European nations, necessitating ongoing upkeep and the construction of new roads in numerous nations.
Due to the growth of public infrastructure in the UK., Germany, and France, the European rammer market is anticipated to become very profitable during the assessment period. The government is being forced to upgrade the roads, pathways, and connectivity between cities and towns due to the rising number of tourists and students visiting these nations.
Along with investing in mergers and acquisitions, the major players in the Rammer market are concentrating on increasing their capacities and resources to meet the rising demand. The major players are also implementing joint venture and collaboration strategies to expand their visibility and assets.
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| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.6% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume (Units) and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By Soil Type, By Product Type, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia Pacific; Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Turkey, South Africa, Northern Africa |
| Key Companies Profiled | Wacker Neuson SE; Zoomlion Company Limited; Dynapac; Bomag GmbH; XCMG Construction Machinery Company Ltd; Sany Heavy Industries Limited; The Toro Company; Mikasa Sangyo Co. Ltd; Doosan Bobcat; Msalta Engineering CO., Ltd. |
| Customization Pricing | Available upon Request |
In 2021, the value of the global Rammer market reached over USD 1.8 Billion.
During the forecast period, the global Rammer market is estimated to expand at a CAGR of 4.6% during 2022 to 2032.
The global Rammer market is projected to reach USD 3.0 Million by the end of 2032.
The demand for Rammers is rising as a result of the growing investment in road infrastructure development, and the growing need for the mining industry in several geographic regions.
The key players operating in the Rammer market are Wacker Neuson SE, Zoomlion Company Limited, Dynapac, Bomag GmbH, XCMG Construction Machinery Company Ltd., and Sany Heavy Industries Limited.
| Market Valuation (2023) | USD 4.6 billion |
|---|---|
| Market Valuation (2033) | USD 5.2 billion |
| Market CAGR (2023 to 2033) | 2.8% |
| Market Expected Value (2023) | USD 15.3 billion |
|---|---|
| Market Forecast Value (2033) | USD 24 billion |
| Market Expected CAGR (2023 to 2033) | 4.6% |
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