Market Share of Road Construction Machinery Industry
The road construction machinery market is highly consolidated. The market is characterized by the presence of considerably large players who have secured long-term supply contracts with major infrastructure companies and government agencies. These players also engage in joint ventures, mergers and acquisitions, new product launches, and product development to expand their brand portfolios and cement their market positions.
Some of the major players dominating the global market are Caterpillar Inc, Komatsu Corp. Volvo Construction Equipment, Fayat Group ( BOMAG and Dynapac), and Wirtgen Group( HAMM, Vogele, Wirtgen, and Kleemann) which is a John deere company. Key players are launching new products to secure their market position and stay ahead of the market curve. For instance,
- In September 2022 Wirgen Group launched a new range of fully electric and hybrid tandem rollers which will significantly reduce the carbon footprint of the contractors using this equipment at BAUMA 2022.
- In September 2022 Ammann Group launched two new articulated tandem rollers ARX 140 and ARX 160 which offer better visibility to the operators.
Road Construction Machinery Market Leaders
Caterpillar Inc.
Komatsu Ltd.
Volvo Construction Equipment
Wirtgen Group
Dynapac
*Disclaimer: Major Players sorted in no particular order
