Soil Compaction Equipment Market Size - By Product (Rammers, Smooth Wheeled Rollers, Vibratory Plate Compactors, Sheepsfoot Rollers), Growth Drivers, Regional Insights & Global Forecast, 2023 - 2032
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Soil Compaction Equipment Market Size - By Product (Rammers, Smooth Wheeled Rollers, Vibratory Plate Compactors, Sheepsfoot Rollers), Growth Drivers, Regional Insights & Global Forecast, 2023 - 2032
Soil Compaction Equipment Market Size - By Product (Rammers, Smooth Wheeled Rollers, Vibratory Plate Compactors, Sheepsfoot Rollers), Growth Drivers, Regional Insights & Global Forecast, 2023 - 2032
Soil Compaction Equipment Market Size
Soil Compaction Equipment Market size was valued at USD 3.6 billion in 2022 and is estimated to register a CAGR of over 4% between 2023 and 2032, driven by the continuous expansion of infrastructure projects globally. As countries invest in building robust transportation networks, modernizing urban areas, and constructing vital facilities, such as airports & ports, the need for properly compacted soil to create stable foundations becomes important. Soil compaction equipment ensures that the soil is adequately compressed, which prevents settling & enhances the durability of structures, thereby supporting the growth of infrastructure projects.
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Growth in the construction industry, especially in emerging economies, provides a substantial incentive to the soil compaction equipment industry. Rapid urbanization and population growth boost the demand for housing, commercial spaces, and public facilities. Proper soil compaction is integral to constructing safe and resilient structures. As the construction sector flourishes, the need for efficient soil compaction equipment to maintain construction quality, safety standards, and long-term durability increases.
Report Attribute | Details |
---|---|
Base Year | 2022 |
Soil Compaction Equipment Market Size in 2022 | USD 3.6 Billion |
Forecast Period | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR | 4% |
2032 Value Projection | USD 5.6 Billion |
Historical Data for | 2018 to 2022 |
No. of Pages | 200 |
Tables, Charts & Figures | 136 |
Segments covered | Product |
Growth Drivers |
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Pitfalls & Challenges |
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One of the prominent challenges faced by the soil compaction equipment market is the requirement of a considerable upfront investment. Similarly, the initial costs of acquiring modern and efficient soil compaction equipment can be substantial. This financial barrier can dissuade smaller construction firms with limited capital from adopting advanced equipment. While these machines offer long-term benefits in terms of improved efficiency & quality, the initial financial burden can hinder their widespread adoption, particularly among budget-constrained enterprises.
COVID-19 Impact
The COVID-19 pandemic had significant impacts on the soil compaction equipment market. In the early pandemic stages, construction projects were disrupted due to lockdowns and supply chain interruptions. However, as governments introduced stimulus packages and resumed infrastructure projects, the market gradually recovered. Safety protocols and remote work practices influenced equipment usage and operator training. While the pandemic initially caused setbacks, the eventual resumption of construction activities contributed to the market revival.
Soil Compaction Equipment Market Trends
Massive government budgets allocated for urbanization projects are cultivating a highly promising growth trajectory for the soil compaction equipment market. According to the Observer Research Foundation, in March 2023, as per the budget allocation for the fiscal year 2023 - 24 in India, a total of USD 9,724.4 million has been designated for the enhancement of diverse urban sectors, encompassing housing, transportation, sanitation & other essential infrastructure. The sizable financial commitments to urbanization initiatives are propelling the demand for soil compaction equipment.
Soil Compaction Equipment Market Analysis
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The vibratory plate compactors segment size surpassed USD 800 million in 2022 and is poised to witness more than 5% CAGR from 2023 to 2032, Vibratory plate compactors are experiencing substantial growth in the soil compaction equipment market due to their efficiency in quickly achieving optimal soil compaction. Vibratory plate compactors excel in various applications including road construction, landscaping & trench backfilling, making them versatile solutions for diverse construction projects. Their ability to efficiently compact soil not only speeds up construction timelines but also ensures stable foundations. These benefits align with the demand for modern construction practices and drive product adoption.
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North America led the global soil compaction equipment market with a revenue 700 million in 2022. In North America. Substantial investments in expanding transportation networks, renovating aging infrastructure, and constructing new public facilities have created a significant demand for efficient soil compaction solutions. These initiatives emphasize the importance of stable and durable foundations, influencing the adoption of advanced soil compaction equipment to ensure the long-term structural integrity of roads, bridges, and other critical infrastructure projects across the region.
Soil Compaction Equipment Market Share
Major players operating in the soil compaction equipment industry are
- Dynapac
- Bomag GmbH
- CASE Construction Equipment
- Ammann Group
- Hamm AG
- Hitachi Construction Machinery Co., Ltd
- J C Bamford Excavators Ltd. (JCB)
- Martin Trailer Company (Pty) Ltd
- MBW, Inc.
- Weber Maschinentechnik GmbH
Soil Compaction Equipment Industry News
- In February 2023, Trimble introduced an innovative path-planning technology that aims to assist contractors & equipment manufacturers in automating the design of trajectories, speeds, and overall paths for heavy machinery.
This market research report on soil compaction equipment includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) and shipment (Units) from 2018 to 2032, for the following segments
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Market, By Type
- Rammers
- Smooth Wheeled Rollers
- Vibratory Plate Compactors
- Sheepsfoot Rollers
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
- UAE
- Saudi Arabia
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Soil compaction equipment market 360º synopsis, 2018 - 2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Product trends
Chapter 3 Soil Compaction Equipment Industry Insights
3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.8.1 Partnership/Collaboration
3.8.2 Merger/Acquisition
3.8.3 Investment
3.8.4 Launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Increasing mechanization in the global construction and agriculture sectors
3.10.1.2 Growing demand for compaction equipment rentals in North America
3.10.1.3 Positive outlook of the construction industry in Asia Pacific
3.10.1.4 Rapid development of public infrastructure in Latin America and the MEA
3.10.2 Industry pitfalls & challenges
3.10.2.1 Environmental concerns related to soil compaction
3.10.2.2 High upfront investment
3.11 Growth potential analysis
3.12 Porter’s analysis
3.13 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
4.3.1 Fayat Group
4.3.2 Caterpillar, Inc.
4.3.3 Husqvarna AB
4.3.4 Wacker Neuson
4.3.5 AMMANN Group
4.3.6 XCMG
4.3.7 Volvo CE
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022
Chapter 5 Soil Compaction Equipment Market Estimates & Forecast, By Product (Revenue)
5.1 Key trends, by product
5.2 Rammers
5.3 Vibratory plate compactors
5.4 Smooth wheeled rollers
5.5 Sheepsfoot rollers
5.6 Others
Chapter 6 Soil Compaction Equipment Market Estimates & Forecast, By Region (Revenue)
6.1 Key trends, by region
6.2 North America
6.2.1 U.S.
6.2.2 Canada
6.3 Europe
6.3.1 UK
6.3.2 Germany
6.3.3 France
6.3.4 Italy
6.3.5 Russia
6.4 Asia Pacific
6.4.1 China
6.4.2 India
6.4.3 Japan
6.4.4 South Korea
6.5 Latin America
6.5.1 Brazil
6.5.2 Mexico
6.6 MEA
6.6.1 South Africa
6.6.2 UAE
6.6.3 Saudi Arabia
Chapter 7 Company Profiles
7.1 Ammann Group
7.2 Bomag GmbH
7.3 CASE Construction Equipment
7.4 Dynapac
7.5 Hamm AG
7.6 Hitachi Construction Machinery Co., Ltd
7.7 J C Bamford Excavators Ltd. (JCB)
7.8 Martin Trailer Company (Pty) Ltd
7.9 MBW, Inc.
7.10 Weber Maschinentechnik GmbH
7.11 Sany Global
7.12 Volvo CE