Global Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size

The global ride-on compaction equipment market expanded remarkably to $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in the immediate term.

Ride-On Compaction Equipment Production

In value terms, ride-on compaction equipment production expanded remarkably to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, global production attained the maximum level in 2022 and is likely to see steady growth in years to come.

Ride-On Compaction Equipment Exports

Exports

In 2022, shipments abroad of ride-on compaction equipment increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, ride-on compaction equipment exports rose rapidly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, China (X units), distantly followed by Germany (X units), Argentina (X units) and Sweden (X units) represented the key exporters of ride-on compaction equipment, together committing X% of total exports. The Czech Republic (X units), the United States (X units), India (X units), Italy (X units), Belgium (X units), the UK (X units), Malaysia (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Argentina (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Sweden, the Czech Republic, India, Italy, Belgium, the UK, Singapore, Malaysia and Argentina lagged somewhat behind, together accounting for a further X%.

Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other global leaders experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports

For the third consecutive year, the global market recorded growth in supplies from abroad of ride-on compaction equipment, which increased by X% to X units in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, ride-on compaction equipment imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States was the key importer of ride-on compaction equipment in the world, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. It was distantly followed by the UK (X units), comprising a X% share of total imports. France (X units), the Czech Republic (X units), the Philippines (X units), Sweden (X units), Canada (X units), Russia (X units), Denmark (X units), the Netherlands (X units), Greece (X units), Germany (X units) and Australia (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ride-on compaction equipment imports into the United States stood at X%. At the same time, Sweden (X%), Denmark (X%), the Philippines (X%), Greece (X%), Australia (X%), the Czech Republic (X%), France (X%), the UK (X%), the Netherlands (X%), Germany (X%) and Canada (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. The United States (X p.p.), Sweden (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the global imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported ride-on compaction equipment worldwide, comprising X% of global imports. The second position in the ranking was taken by Australia ($X), with a X% share of global imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled X%. In the other countries, the average annual rates were as follows: Australia (X% per year) and Russia (X% per year).

Import Prices by Country

The average ride-on compaction equipment import price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price showed a noticeable contraction. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X 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 Australia ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform