The global soil compaction machines market (土壌圧縮機市場) stands at US$ 5.4 billion in 2023 and is projected to reach US$ 10.6 billion by the end of 2033. As per this study by Fact.MR, a market research and competitive intelligence provider, Asia Pacific is estimated to account for a significant share of the global market by the end of the study period (2023 to 2033).
Rising demand for soil compaction machines can be attributed to several prospects such as a growing world population, increasing investments in infrastructure development, and rapid industrialization around the world. Advancements in equipment technology are resulting in the development of more efficient and effective heavy construction equipment, which in turn, is creating an opportune scenario for soil compaction machine sales going forward.
Key Takeaways from Market Study
- The global soil compaction machines market (토양 압축 기계 시장) stands at a valuation of US$ 5.4 billion in 2023.
- Demand for soil compaction machines is projected to expand at a CAGR of 6.8% from 2023 to 2033.
- Soil compaction machine sales are forecasted to reach US$ 10.6 billion by the end of 2033.
- Increasing investments in infrastructure development activity, high demand for affordable housing, launch of new construction projects, rapid industrialization and urbanization, and launch of new soil compaction machines are key market drivers.
- Soil compaction machine sales in Asia Pacific account for around 25% revenue share of the global market in 2023.
- Sales of soil compaction machines in China are projected to increase at 6.5% CAGR over the next ten years.
- Heavy soil compaction equipment accounts for more than 70% of the global market revenue at present.
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Soil compaction machine manufacturers are continually innovating and launching new products that allow them to maximize their sales and revenue generation potential to stay competitive in the global landscape.
- In 2022, Ammann Group, a renowned Swiss supplier of construction equipment, announced the launch of two new roller machines with good compacting capabilities. Both ARS 30 and ARS 50 were single drum rollers designed to deliver high compaction.
Key Players:
- Caterpillar Inc.
- Volvo Construction Equipment
- J.C. Bamford Excavators Limited
- John Deere
- Zoomlion Heavy Industries Science & Technology Co. Ltd.
- XCMG Co. Ltd.
- Sany Heavy Industries Co. Ltd.
- Fayat Group
- Hitachi Construction Machinery
- Wacker Neuson SE
Competitive Landscape:
Leading manufacturers of soil compaction machines are introducing new products to enhance their revenue generation potential and increase their market share.
In February 2023, Dynapac, a multinational engineering organization headquartered in Sweden, unveiled its latest soil compactor at the American Rental Association (ARA) Show 2023. The CA30 Rhina soil compactor boasts an 84-inch drum, allowing it to effectively compact various types of soil. This versatility makes it an ideal machine for a wide range of applications.
In March 2023, Volvo Construction Equipment (Volvo CE) announced the introduction of new Compact Assist packages. These packages are designed to cater to the diverse demands of customers and ensure optimal performance from Volvo soil compactors.
In June 2022, Ammann, a renowned Swiss multinational known for its innovative soil compaction solutions, launched an advanced and intelligent CCC (continuous compaction control) system for asphalt compactors and soil compactors. This cutting-edge system enhances the efficiency and precision of compaction processes.
In November 2022, Bobcat Company, a well-established name in the construction equipment industry, expanded its product line by entering the light compaction space. The company introduced 9 new compaction machines specifically designed for roadwork, construction, and landscaping applications. This strategic move allows Bobcat to cater to a broader range of customer needs and further solidify its position in the market.
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Key Segments of Soil Compaction Machines (Markt für Bodenverdichtungsmaschinen) Industry Research
- By Product Type :
- Heavy Compaction Machines
- Light Compaction Machines
- By Application :
- Building & Construction
- Infrastructure
- Transport
- Others
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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