16 January 2019:
The Global
Road Roller Market is expected to witness a significant growth
on account of its increasing application in the construction industry. Road
rollers are heavy engineering vehicle which is designed to compact asphalt,
soil, concrete in road construction. They use the weight of the vehicle to
compress the surface. It consists of a drum compactor that compacts the surface
beneath till it is smooth. An average ride on roller weighs around 20 tons and
cost approximately USD 150000.
Human propelled rollers gained popularity during
the last decade on account of rapid growth in urban construction. Increasing usage of rollers in urban
construction is a major application driving the overall demand. These machines
are used in road construction to flatten the road surface and asphalt. Further,
the rise in private players in road construction has propelled the usage of
rollers. Railway construction is another application driving the overall roller
demand. These heavy machines are used to flatten the land before laying of
tracks. Arid land is usually flattened before making its use for commercial or
agricultural purposes.
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The defense sector has been using this equipment on a large
scale for military engineering missions. They have been used by various defense
forces for the construction of bridges and roads. The high cost of this
equipment is expected to challenge the industry growth in near future. These
machines require a high amount of maintenance and lubrication for efficient and
safe usage. Further, such heavy equipment must be used by trained professionals
to avoid accidents causing on account of negligence. Road Roller Industry is
segmented on the basis of its product design which is based upon the drum type.
The drums vary in terms of number, diameter, and weight. A two drum roller
especially filled with water to achieve the desired weight have been used at
construction sites. It is convenient to carry the lighter vehicle to the
construction site and then fill them with water.
Asia Pacific has been the leading market in recent years in
terms of demand and is expected to continue its dominance on account of
increasing real estate construction. Emerging economies such as India, China,
South Korea, Malaysia, and Indonesia account for the majority of the demand
owing to increasing government expenditures for infrastructure development.
Further, regional demand is followed by North America mainly on account of
sophisticated construction techniques and defense applications. Europe is
expected to show a steady growth, mainly in the North, owing to its increasing
application in construction of bridges and railways. South America and Africa
offer bright prospects over the forecast period mainly due to the growing road
infrastructure industry. The Middle East witnessed a significant growth over
the last decade owing to the tremendous spending on road development.
Major players operating in the market are ABG, Tampo, Volvo,
Ingersoll Rand, Kamani Engineering, Caterpillar, Hyster, Sany, Vibromax and
Marshall. Most of these companies offer their products on rent and lease basis
or on long-term loans in order to propel their sales. Further, collaboration
with mining and construction industries play an important role in developing
strong strategic relations. GE mining and Komatsu entered into a collaboration
for developing next generation machines. Caterpillar is a popular manufacturer
and most selling in terms of construction and mining equipment. Their products
are being used by the various defense forces which include the U.S, Israel,
Sweden, Norway, Denmark, and the Netherlands. They have in all 110 production
facilities with nearly half of them in the U.S.
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