Global Compactors Market is predicted to grow at a CAGR of 3% by 2022, Compactors Market is a machine or mechanism used to reduce the size of material such as waste material or bio mass through compaction | Compactors Market
Pune, India -- (SBWIRE) -- 06/11/2018 -- Market research future published a raw research report on Global compactors market that contains the information from 2016 to 2022. Compactors market is expected to grow with the CAGR of approximately 3% from 2016 to 2022.
Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Compactors market Information from 2016 to 2022"
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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.
Global compactors market is expected to grow at CAGR of 3% during the forecast period.
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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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? Terra Compactor Wheel Corp (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, In (U.S.)
? MBW Incorporated (U.S)
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global Compactors market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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