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Soil Compaction Equipment Market Size

  • Report ID: GMI5213
  • Published Date: Aug 2023
  • Report Format: PDF

Soil Compaction Equipment Market Size

Soil Compaction Equipment Market size was valued at USD 3.6 billion in 2022 and is estimated to register a CAGR of over 4% between 2023 and 2032, driven by the continuous expansion of infrastructure projects globally. As countries invest in building robust transportation networks, modernizing urban areas, and constructing vital facilities, such as airports & ports, the need for properly compacted soil to create stable foundations becomes important. Soil compaction equipment ensures that the soil is adequately compressed, which prevents settling & enhances the durability of structures, thereby supporting the growth of infrastructure projects.

 

>Soil Compaction Equipment Market

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Growth in the construction industry, especially in emerging economies, provides a substantial incentive to the soil compaction equipment industry. Rapid urbanization and population growth boost the demand for housing, commercial spaces, and public facilities. Proper soil compaction is integral to constructing safe and resilient structures. As the construction sector flourishes, the need for efficient soil compaction equipment to maintain construction quality, safety standards, and long-term durability increases.

 

One of the prominent challenges faced by the soil compaction equipment market is the requirement of a considerable upfront investment. Similarly, the initial costs of acquiring modern and efficient soil compaction equipment can be substantial. This financial barrier can dissuade smaller construction firms with limited capital from adopting advanced equipment. While these machines offer long-term benefits in terms of improved efficiency & quality, the initial financial burden can hinder their widespread adoption, particularly among budget-constrained enterprises.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for soil compaction equipment was reached USD 3.6 billion in 2022 and is projected to expand at more than a 4% CAGR from 2023 to 2032, driven by the continuous expansion of infrastructure projects worldwide.

The vibratory plate compactors segment of soil compaction equipment market generated USD 800 million in 2022 and is estimated to grow at over a 5% CAGR during 2023 and 2032, owing to their high demand due to their efficiency in quickly achieving optimal soil compaction.

North America soil compaction equipment market size exceed USD 700 million in 2022 and is anticipated to record substantial CAGR through 2032, attributed to the robust infrastructure development initiatives surging the demand for soil compaction equipment.

Dynapac, Bomag GmbH, CASE Construction Equipment, Ammann Group, Hamm AG, Hitachi Construction Machinery Co., Ltd., J C Bamford Excavators Ltd. (JCB), Martin Trailer Company (Pty) Ltd., MBW Inc., and Weber Maschinentechnik GmbH.

Soil Compaction Equipment Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 136
  • Countries covered: 16
  • Pages: 200
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