About Compaction Equipment
Compaction equipment is mostly used to compress the loose soil, but having different varieties of this equipment, have found a way in all types of construction activities, such as from building roads to constructing industrial complexes. It can compress loose soil, rocks, road surfaces, and other materials to such a density level so that the ground does not hollow with the use or over the period of time. As per the industry structure analysis, it is seen that the Compaction Equipment machine industry is concentrated. The key members such as BOMAG, Caterpillar and Volvo are the market leader and hold about approximately 52.89% of the whole revenue market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.4% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Compaction Equipment market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BOMAG (Germany), Caterpillar (United States), Volvo (Sweden), Hitachi (Japan), JCB (United Kingdom), Wacker neuson (Germany), Terex (United States), Doosan (South Korea), Sakai (United States) and MBW Incorporated (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ammann Group (Switzerland), Wirtgen Group(HAMM) (Germany), Belle Group (United Kingdom) and Multiquip Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Compaction Equipment market by Type (Heavy Compaction Machines and Light Compaction Machines), Application (Road Construction, Building Construction, Dams Construction, Airports Construction and Others) and Region.
On the basis of geography, the market of Compaction Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Equipment Type, the sub-segment i.e. Jumping Jack Tamper will boost the Compaction Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sale Channel, the sub-segment i.e. Direct Sales will boost the Compaction Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Compaction equipment nowadays is incorporated with advanced and innovative technologies. These use devices to indicate compaction progress as well as to measure soil stiffness. These systems are responsible for collecting real-time data which helps in avoiding over compaction, and also saves time and fuel and results in minimizing soil stiffness of soil.
Market Growth Drivers:
Increasing Penetration in the Agricultural Department and Rising Concern Related towards the need to reduce water seepage and air void content in the soil
Challenges:
Rules and Regulations Related to Emissions
Restraints:
High Costs of Compaction Equipment and Costs Incurred for Installation and Maintenance of this Equipment
Opportunities:
Stringent Standards Imposed by the European Government on Manufacturers Regarding Machine Vibrations Will Promote the Growth of Compaction Equipment during the Forecast Period and The Trend of Renting and Leasing Will Act as Opportunities in the Compaction Equipment Market
Market Leaders and their expansionary development strategies
In 2022, Ammann Group launched two new roller models that provide an abundance of power in compact packages. The new Ammann ARS 30 and ARS 50 single drum rollers utilize advanced technology, innovative engineering, and robust engines to deliver high compaction output and are ideal for road construction businesses and rental fleets that need a small, durable, and powerful product for success.
In August 2021, Wirtgen Group launched two new HAMM tandem rollers, including the HD 99i and HD 109i, in the Indian market. These new machines are more fuel efficient than previous other models of the company.
Key Target Audience
Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.