The global compaction machines market is predicted to exhibit a healthy CAGR of 6.4% between 2022 and 2032 with an expected valuation of US$ 5.2 Billion in 2022 and totaling the revenue to around US$ 9.7 Billion by 2032. The market was valued at US$ 4.9 Billion in 2021.
Compaction machines are heavy construction equipment used to compress different types of materials like soil, asphalt, gravel, and concrete in order to make them more compact and stable. These machines are commonly used in construction sites, road-building projects, and other civil engineering applications.
The demand for compaction machines in the construction industry is expected to increase in the future, due to several factors. Some of these factors include:
Growing construction industry: The construction industry is expected to continue growing in the coming years, particularly in emerging economies. As more buildings and infrastructure projects are developed, the demand for compaction machines is likely to increase.
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Infrastructure development: Governments around the world are investing in infrastructure development to improve transportation, communication, and other public services. This trend is expected to continue, driving the demand for compaction machines for road-building and other infrastructure projects.
Technological advancements: The development of advanced compaction machines that are more efficient, durable, and easier to operate is likely to drive demand for these machines in the future. These machines are also likely to be equipped with new features such as telematics and sensors, which can provide real-time data to help improve operations and reduce maintenance costs.
Key Takeaways
- Compaction machines are strong equipment utilized for compaction purposes throughout construction and building activities. Such powerful machines are used to reduce the size of the soil, concrete, gravel, or asphalt used in the construction of roads, dams, airports, and other structures. They help users to increase overall productivity and reduce labor costs.
- The advancements in compaction equipment and the emergence of staunch government regulations are all expected to positively impact the growth of the compaction machine market over the coming years.
- A significant surge in the compaction equipment market has been witnessed due to the emergence of compact paving materials such as asphalt mixes and roller-compacted concrete is expected to push demand in the global market.
- Since there is a surge in construction activities all over the world, many new construction projects require advanced and compact construction equipment such as tandem rollers and pneumatic rollers, which can work efficiently in less time.
- Governments in several countries are launching various construction projects due to the rising population and strengthening commercial infrastructure in their respective regions. This in turn is expected to bolster the sales of machines like compaction equipment.
- Strict environmental regulations across the globe are rising environmental concerns along with growing infrastructures are predicted to propel the demand for electrically operated compaction machines in the global market during the forecast period.
- In order to reduce pollution levels, small businesses are opting for electric machines that save costs and also improve overall productivity. Therefore, the rising demand for electric compaction machinery is projected to support the market growth during the next ten years.
- The global construction market is predicted to exhibit a phenomenal growth rate by gathering a revenue of about US$4.0 trillion throughout the forecast period and is further anticipated to reach US$16 trillion with more than US$8.0 trillion in emerging economies by 2032.
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Competitive Landscape
There is high competition witnessed in the global compaction machines market owing to the presence of several dominant regional as well as domestic players. Key compaction machine manufacturers are launching new products and collaborating and partnering with vehicle manufacturers for better market opportunities.
Key Companies Profiled
AB Volvo, Caterpillar Inc., Terex Corporation, BOMAG GmbH, Wacker Neuson SE, XCMG Co. Ltd, Zoomlion Heavy Industries Science and Technology Co Ltd, Atlas Copco, Wirtgen Group, Sany Heavy Industries Co Ltd, AMMANN GROUP.
Key Segments Covered in Compaction Machines Market Industry Analysis
By Product Type:
- Heavy compaction machines
- Heavy tandem roller
- 5-8 Tonne
- 8-11 Tonne
- > 11 Tonne
- Single drum roller
- 3-5 Tonne
- 5-8 Tonne
- 8-12 Tonne
- 12-15 Tonne
- > 15 Tonne
- Pneumatic roller
- Heavy tandem roller
- Light compaction machines
- Hand operated machines
- Rammer
- Vibratory plates (forward)
- Vibratory plates ( reverse)
- Walk behind roller
- Light tandem roller
- < 1.8 Tonne
- 8-3 Tonne
- 3-5 Tonne
- Trench roller
- Hand operated machines
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By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East & Africa
More Insights into the Compaction Machines Market
The U.S. is expected to dominate the North American compaction machines market by accounting for about 76.7% of the total revenue. Owing to the rising need for smart cities and increasing government investments in the latest construction projects, the market is predicted to reach US$ 621.5 Mn in 2022.
According to the FMI analysis, China is estimated to show lucrative growth opportunities over the projection period. The market is expected to accelerate at a flawless CAGR of 8.1% in 2022. Despite the supply chain issues, China’s commercial construction industry is anticipated to maintain expansion over the assessment period.
The ever-rising need for residential and commercial development in the nation is expected to continue owing to the increase in household income and more people moving from rural to urban regions.
The expansion of the residential and commercial construction industry was bolstered due to affordable housing opportunities in both the public and private sectors. It has also been predicted that in the upcoming years, non-residential infrastructure would boom massively. Resulting in progressive sales of the compaction machines market.
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