World - Tamping Or Compacting Machinery - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the growth prospects of the global tamping or compacting machinery market from 2022 to 2030, forecasting a CAGR of +2.0% in volume and +4.5% in value. It provides insights into market performance, consumption trends, production figures, import and export trends. Countries with the highest consumption, production, import, and export volumes and values are highlighted, along with detailed analysis of price trends over the years.
Market Forecast
Driven by increasing demand for tamping or compacting machinery worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 732K units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.5% for the period from 2022 to 2030, which is projected to bring the market value to $1.7B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Tamping Or Compacting Machinery
In 2022, after two years of growth, there was decline in consumption of tamping or compacting machinery, when its volume decreased by -1% to 623K units. In general, the total consumption indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +17.5% against 2018 indices. As a result, consumption attained the peak volume of 629K units, and then dropped slightly in the following year.
The global tamping machinery market value was estimated at $1.2B in 2022, rising by 4.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a slight downturn. Over the period under review, the global market hit record highs at $1.4B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Germany (108K units), China (88K units) and the UK (62K units), together accounting for 41% of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the UK (with a CAGR of +25.0%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Germany ($383M), India ($258M) and the United States ($56M) appeared to be the countries with the highest levels of market value in 2022, together comprising 58% of the global market. Mexico, Canada, Russia, Poland, South Africa, the UK and China lagged somewhat behind, together comprising a further 15%.
Among the main consuming countries, the UK, with a CAGR of +17.3%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of tamping machinery per capita consumption in 2022 were Germany (1,306 units per million persons), the UK (911 units per million persons) and Russia (400 units per million persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the UK (with a CAGR of +24.4%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Tamping Or Compacting Machinery
In 2022, production of tamping or compacting machinery decreased by -0.7% to 871K units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 23%. As a result, production reached the peak volume of 876K units, leveling off in the following year.
In value terms, tamping machinery production amounted to $1B in 2022 estimated in export price. In general, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Global production peaked at $1.6B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
Production By Country
China (630K units) constituted the country with the largest volume of tamping machinery production, comprising approx. 72% of total volume. Moreover, tamping machinery production in China exceeded the figures recorded by the second-largest producer, Germany (139K units), fivefold.
In China, tamping machinery production increased at an average annual rate of +4.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+11.3% per year) and India (-4.2% per year).
Imports
World Imports of Tamping Or Compacting Machinery
In 2022, approx. 447K units of tamping or compacting machinery were imported worldwide; declining by -5.1% on the previous year. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. As a result, imports attained the peak of 471K units, and then shrank in the following year.
In value terms, tamping machinery imports totaled $479M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 29%. Global imports peaked in 2022 and are likely to continue growth in years to come.
Imports By Country
In 2022, the UK (76K units), Russia (58K units), the United States (39K units) and Germany (36K units) represented the main importer of tamping or compacting machinery in the world, mixing up 47% of total import. Poland (16K units), South Africa (16K units), Canada (15K units), France (12K units), Sweden (9.6K units), Denmark (9.4K units), the Netherlands (8.8K units), Australia (8.7K units) and Austria (7.1K units) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +20.0%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($64M), Canada ($43M) and Germany ($41M) appeared to be the countries with the highest levels of imports in 2022, with a combined 31% share of global imports.
The United States, with a CAGR of +15.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average tamping machinery import price amounted to $1,073 per unit, rising by 5.5% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2019 an increase of 6.5%. Over the period under review, average import prices attained the maximum at $1,651 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($2,816 per unit), while the UK ($205 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.3%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Tamping Or Compacting Machinery
In 2022, global exports of tamping or compacting machinery reduced modestly to 694K units, waning by -3.3% on 2021. The total export volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 28%. As a result, the exports attained the peak of 718K units, and then fell in the following year.
In value terms, tamping machinery exports totaled $478M in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 32%. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in the near future.
Exports By Country
China prevails in exports structure, accounting for 543K units, which was approx. 78% of total exports in 2022. It was distantly followed by Germany (67K units), making up a 9.7% share of total exports. The UK (15K units) followed a long way behind the leaders.
China was also the fastest-growing in terms of the tamping or compacting machinery exports, with a CAGR of +5.0% from 2012 to 2022. At the same time, Germany (+4.1%) displayed positive paces of growth. By contrast, the UK (-6.9%) illustrated a downward trend over the same period. While the share of China (+11 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the UK (-4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Germany ($208M), China ($124M) and the UK ($11M) appeared to be the countries with the highest levels of exports in 2022, with a combined 72% share of global exports.
China, with a CAGR of +6.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.
Export Prices By Country
The average tamping machinery export price stood at $688 per unit in 2022, increasing by 3.4% against the previous year. Overall, the export price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 6.1%. The global export price peaked at $802 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($3,092 per unit), while China ($228 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.2%), while the other global leaders experienced mixed trends in the export price figures.
This report provides an in-depth analysis of the global tamping machinery market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28923050 - (Towed and hand-held compaction equipment) Tamping or compacting machinery (excluding self-propelled)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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