Compaction Machines Industry Set to Reach USD 10.42 Billion by 2033, Growing at a 6.4% CAGR | FMI Reports

The compaction machines industry is projected to experience steady growth, with a CAGR of 6.4% from 2023 to 2033. The market is expected to reach a valuation of USD 10.42 billion by 2033, up from an estimated USD 5.60 billion in 2023.

This growth is driven by government initiatives aimed at improving waste compression and management systems, increased construction activities, and expanding industrial applications. Additionally, advancements in efficient and productive technology are expected to boost sales of these machines.

Both growing businesses and private waste management companies are diversifying their service offerings while providing a range of machines tailored for specific industrial needs, contributing to anticipated higher sales during the forecast period.

The waste management capabilities of compaction machines make them essential in various sectors, including hospitality, healthcare, residential communities, biomass facilities, and water treatment plants.

Different types of compaction equipment serve various applications on construction sites, with brands introducing new machinery such as smooth-wheeled rollers, sheep foot rollers, pneumatic rollers, vibratory rollers, rammers, and plate compactors.

In agriculture and soil rehabilitation projects, these rollers and compactors are utilized to transform sand-gravel mixes into fine-grained soil. The broad range of applications, coupled with advanced technology and integration with robotics and autonomous machinery, is expected to significantly shape the future of the compaction machines market.

Exhaustive Market Report: A Complete Study

 Key Points

• The United States market leads the North American compaction machines market in terms of market share in North America. The United States held a market share of 18.5% in 2022. The factors attributed to the growth are the restoration of construction activities and industrial expansion. The advent of autonomous machinery for the compression of waste is also popular in the regional market.
• The German compaction machines market held a market share of 3.4% in 2022. The market growth is caused by the government advancing waste management and industrial site set-up.
• The Indian market thrives at a steady CAGR of 6.3% between 2023 and 2033. The growth is attributed to the penetration of advanced waste management and government-run campaigns for cleanliness and waste program
• The Chinese market also thrives at a CAGR of 6.6% during the forecast period.
• Based on the product type, the heavy compaction machine segment leads the market, as it held a market share of 71.9% in 2022.

Competitive Landscape

The key vendors focus on building durable, reliable, affordable, and efficient machines for all users. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Key Players

• AB Volvo
• Caterpillar Inc.
• Terex Corporation
• BOMAG GmbH
• Wacker Neuson SE
• XCMG Co. Ltd
• Zoomlion Heavy Industries Science and Technology Co Ltd
• Atlas Copco
• Wirtgen Group
• Sany Heavy Industries Co Ltd
• AMMANN GROUP

Recent Market Developments

• AB Volvo has introduced the high-performance soil compaction machine with increased operating weight and 31.40 to 153 KW rated engine power. The machine comes with high-quality components, a visible operator environment, and a low-fuel-consumption engine.
• Caterpillar Inc has launched the Cat Compact with machine driver power (MDP) that offers energy-based measurement that provides moisture-detecting technology as well.

Key Segmentations Covered

By Product Type:

• Heavy compaction machines
  • Heavy tandem roller
    • 5 to 8 Tonne
    • 8 to 11 Tonne
    • > 11 Tonne
  • Single drum roller
    • 3 to 5 Tonne
    • 5 to 8 Tonne
    • 8 to 12 Tonne
    • 12 to 15 Tonne
    • > 15 Tonne
• Pneumatic roller
• Light compaction machines
  • Hand operated machines
    • Rammer
    • Vibratory plates (forward)
    • Vibratory plates ( reverse)
    • Walk behind roller
  • Light tandem roller
    • < 1.8 Tonne
    • 8 to 3 Tonne
    • 3 to 5 Tonne
  • Trench roller

Buy Regions Covered:

• North America
• Latin America
• Europe
• Japan
• Asia Pacific Excluding Japan
• The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube