The Soil Compaction Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Soil Compaction Equipment Market:
https://www.thebusinessresearchcompany.com/report/soil-compaction-equipment-global-market-report
According to The Business Research Company’s Soil Compaction Equipment Global Market Report 2024, The soil compaction equipment market size has grown strongly in recent years. It will grow from $3.19 billion in 2023 to $3.4 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increased construction and infrastructure development activities, growth in demand for road and highway construction projects, urbanization and expansion of residential and commercial areas, emphasis on soil stabilization and foundation preparation, need for effective compaction in land reclamation projects, regulatory standards for soil compaction in construction industry.
The soil compaction equipment market size is expected to see strong growth in the next few years. It will grow to $4.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to adoption of intelligent compaction technologies for precision work, expansion of renewable energy projects requiring soil compaction, research and development in green building and sustainable construction, need for soil improvement in agriculture and landscaping applications, emphasis on energy-efficient and low-emission compaction equipment, growing demand for compact and versatile soil compactors. Major trends in the forecast period include emission-reducing technologies, advanced vibratory and impact compaction techniques, machine learning for soil analysis, versatility in attachment and drum options, iot-enabled predictive maintenance.
The rise in the construction of smart city projects is expected to propel the growth of the soil compaction equipment market going forward. The smart city project refers to the renewal of urban areas that are linked with technology and enhance the quality of public services and citizen welfare. Soil compaction is an essential step in the construction process to create a stable working surface. Smart projects need soil compaction for their construction, as this is used to densify soil by reducing the void space, or the amount of air, between soil particles and makes it better for construction. For instance, according to the ministry of housing and urban affairs, an India-based department of ministry, as of June 2022, out of 5,151 smart city projects in India, 3,997 projects were completed by June 2022, which was more than 1,290 projects completed in 2019. Also, the Indian government has allocated $ 7,504.14 million in its union budget under National Urban Housing Funds (NUHF) for funding Pradhan Mantri Awas Yojana for the development of smart homes in cities. Therefore, the rise in the construction of smart cities is driving the growth of the soil compaction equipment market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=7685&type=smp
The soil compaction equipment market covered in this report is segmented –
1) By Type: Rammers, Smooth Wheeled Rollers, Vibratory Plate Compactors, Sheepsfoot Rollers, Other Types
2) By Application: Building and Construction, Transport Infrastructure, Other Applications
3) By End User: Engineering And Construction, Mining
Product innovation is a key trend gaining popularity in the soil compaction equipment market. Major players in the market are focused on developing innovative products to sustain their position in the market. For instance, in February 2022, Trimble, a US-based software, hardware, and services technology company, introduced the industry’s first Horizontal Steering Control for soil compactors. By using Horizontal Steering Control, operators can achieve higher-quality surfaces and more consistent compaction. Using a 3D model or compaction pass line, Trimble Earthwork’s Horizontal Steering Control steers a soil compactor automatically. By precisely controlling overlap between passes, operators of all skill levels can improve compaction productivity and quality.
The soil compaction equipment market report table of contents includes:
1. Executive Summary
2. Soil Compaction Equipment Market Characteristics
3. Soil Compaction Equipment Market Trends And Strategies
4. Soil Compaction Equipment Market – Macro Economic Scenario
5. Global Soil Compaction Equipment Market Size and Growth
.
.
.
26. South America Soil Compaction Equipment Market
27. Brazil Soil Compaction Equipment Market
28. Middle East Soil Compaction Equipment Market
29. Africa Soil Compaction Equipment Market
30. Soil Compaction Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- Ammann Group Holding AG
- Bopparder Maschinenbau-Gesellschaft mbH
- CASE Construction Equipment
- Dynapac
- Hamm AG
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
