U.S.: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in the U.S.

In 2022, the U.S. ride-on compaction equipment market increased by 44% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw prominent growth. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Ride-On Compaction Equipment Exports

Exports from the U.S.

In 2022, shipments abroad of ride-on compaction equipment increased by 17% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 18%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ride-on compaction equipment exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt decrease. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for ride-on compaction equipment exports from the United States, accounting for a 47% share of total exports. Moreover, ride-on compaction equipment exports to Canada exceeded the volume sent to the second major destination, Germany (X units), threefold. Mexico (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.0% per year) and Mexico (-6.7% per year).

In value terms, Canada ($X) remains the key foreign market for ride-on compaction equipment exports from the United States, comprising 65% of total exports. The second position in the ranking was taken by Mexico ($X), with a 9.9% share of total exports. It was followed by Australia, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-7.4% per year) and Australia (-8.5% per year).

Export Prices by Country

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, growing by 8.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 20% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Ride-On Compaction Equipment Imports

Imports into the U.S.

In 2022, ride-on compaction equipment imports into the United States skyrocketed to X units, picking up by 27% on 2021 figures. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 52%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, ride-on compaction equipment imports surged to $X in 2022. In general, imports recorded a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by 61% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Japan (X units), Germany (X units) and China (X units) were the main suppliers of ride-on compaction equipment imports to the United States, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +51.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ride-on compaction equipment to the United States, comprising 63% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Sweden, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.3% per year) and Sweden (+4.9% per year).

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, growing by 19% against the previous year. Over the period under review, the import price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 43%. The import price peaked 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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