Compaction Machines Market Size, Share & Trends Estimation Report On the Basis of Type(Heavy Compaction Machines, Light Compaction Machines),On the Basis of Application(Foundation, Airport, Road),By Region, And Segment Forecasts, 2023 - 2030
The global compaction machines market is estimated to be valued at USD 5.2 Billion in 2022 and is expected to exhibit a CAGR of 6.5% over the forecast period 2022-2030.
Compaction Machines Market Overview
The global compaction machine market was $4.9 billion in 2021 and is projected to reach $5.2 billion by 2022. Compaction machines are projected to grow at a CAGR of 6.4% between 2022 and 2032, reaching a total value of $9.7 billion by 2032. By product type, the large compactor segment is expected to account for more than 72.1% of the global compactor market. This is due to the increasing use of heavy compaction machines such as heavy tandem rollers, pneumatic rollers, and single drum rollers worldwide.
Compaction machines are powerful equipment used for compaction purposes during construction and construction activities. This machine is used to compact or reduce the size of soil, gravel, concrete, or asphalt used in the construction of roads, dams, airports, and other structures. It helps users increase overall productivity and reduce labor costs.
Therefore, increasing the use of compaction equipment for compacting paving materials such as asphalt mixtures and roller-compacted concrete will continue to drive demand in the global market. Similarly, increasing investment in construction activities is expected to boost the growth of the compression machinery market over the forecast period. As the construction industry evolves, many upcoming projects require advanced construction equipment such as tandem rollers and pneumatic rollers that can work efficiently in less time.
The Compaction Machines Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Compaction Machines market.
Some of the key players profiled in the study are:
Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Kemira, SNF Group, Sanfeng Chem, GE Water, Shandong Zhongyuan, Jianheng Ind, BASF, Feralco Group, Akferal, RISING Group, Aditya Birla, Yide Chem, Taki Chem, IXOM, Zhongke Tianze, HYMO CORP, Guangzheng Aluminum Aalt, GEO, Solenis, Huntsman, Solvay, Holland Company, WPCP, Toagosei Group, Volvo Construction., and others.
- In September 2021, Volvo Construction Equipment a manufacturer of construction equipment unveiled its CX01 single-drum asphalt compactor concept at The Utility Expo in Louisville, Kentucky.
- In September 2020, Volvo Construction Equipment manufacture of construction launched DD128C compactor has the highest frequency also it delivers the fastest rolling speeds
What are the major Applications, Types, and Regions for the Compaction Machines Market?
On the Basis of Type:
- Heavy compaction machines
- 5-8 Tonne
- 8-11 Tonne
- > 11 Tonne
- 3-5 Tonne
- 5-8 Tonne
- 8-12 Tonne
- 12-15 Tonne
- > 15 Tonne
- Heavy tandem roller
- Single drum roller
- Pneumatic roller
- Light compaction machines
- Vibratory plates (forward)
- Vibratory plates ( reverse)
- Walk behind roller
- < 1.8 Tonne
- 8-3 Tonne
- 3-5 Tonne
- Hand operated machines
- Light tandem roller
- Trench roller
On the Basis of Application:
Compaction Machines Market Regional Insights:
The compression equipment market in the Asia Pacific and the Middle East is experiencing dominance due to fast-paced infrastructure development in developing countries such as India, China, Indonesia, Kuwait, and Qatar. This developing country has many ongoing projects in terms of engineering and construction. Government agencies are focusing on structured facilities in hospitals, transportation, and tourism.
Europe and North America are expected to witness steady growth during the forecast period. European and North American countries have strict government laws on protection from machine vibration and security threats. For example, in Paris in August 2019, Volvo launched its first electric mini excavator, the ECR25 Electric. Replaced traditional combustion engine excavators to control noise disturbance and carbon emissions.
The compaction equipment market in Latin America is experiencing a decline in the construction and mining industries due to the economic downturn and increasing carbon footprint. Countries such as Mexico, Colombia, Chile, Peru, and Uruguay have strong potential to invest in mining, manufacturing, forestry, and construction sectors during the forecast period.
Geographically, the global Compaction Machines market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.
Compaction Machines Market Report Scope:
|Units||Value (USD Billion)
|Growth Rate||CAGR of 6.5% from 2023 to 2030|
|On the Basis of Type:||
|On the Basis of Application:||
Kemira, SNF Group, Sanfeng Chem, GE Water, Shandong Zhongyuan, Jianheng Ind, BASF, Feralco Group, Akferal, RISING Group, Aditya Birla, Yide Chem, Taki Chem, IXOM, Zhongke Tianze, HYMO CORP, Guangzheng Aluminum Aalt, GEO, Solenis, Huntsman, Solvay, Holland Company, WPCP, Toagosei Group, Volvo Construction., and others.
|Reasons to Purchase this Report||
All of our reports are custom to your company's needs to some extent and we offer 5 hours of free consultation time with each report purchase, which will allow you to request any additional data to custom the report to your needs.