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Global Compaction Equipment Market Share, Size, Growth, Research: By Type: Smooth Wheeled Roller, Rammers, Vibratory Roller, Sheepsfoot Roller, Pneumatic Roller, Vibratory Plate Compactor, Others; By Application; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape: Industry Events and Developments; 2024-2032
Global Compaction Equipment Market Outlook
The global compaction equipment market size stood at a value of around USD 5.33 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.30% to reach USD 7.79 billion by 2032.
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Increased Business Profitability Facilitated by Rammers to Augment the Global Compaction Equipment Industry
A rammer is built with an upright design which allows it to reach complex places where other compactors might struggle to reach. It works on a small footprint and high impact mechanism which increases its manoeuvrability. Rammer is fast and easy to use which decreases the labour costs, thereby, increasing the profit margin for businesses. This is a crucial driving factor of the segment.
Over the forecast period, the anticipated increase in the demand for rammers for road repair, shoulders, pavements, highways, and streets, among others, is likely to propel the segment’s growth. Furthermore, the rapid development of rammers with decreased weight and greater manoeuvrability is anticipated to provide impetus to the segment in the coming years.
North America Leads with a Substantial Share in the Market for Compaction Equipment
The compaction equipment market in the North America region is being driven by the rapid investments towards the development of smart cities owing to the bolstered economic growth of countries like India and China.
The rising demand for compaction equipment from residential and commercial construction projects is further propelling the demand for the product. During the forecast period, the increasing focus of key market players towards increasing investments and growth strategies is likely to lead to an increase in mergers and acquisitions.
Market Segmentation
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Compaction equipment is defined as a machine which is used to provide compaction to rock, waste material, soil, gravel, sand, and clay soil. It is widely applied in the construction industry to provide a solid foundation for a structure. Compaction equipment are strong and can be varied depending upon the requirement.
Based on type, the market can be segmented into:
- Smooth Wheeled Roller
- Rammers
- Vibratory Roller
- Sheepsfoot Roller
- Pneumatic Roller
- Vibratory Plate Compactor
- Others
By application, the compaction equipment market has been divided into:
- Soil Compaction
- Concrete Compaction
- Others
On the basis of end use, the market has been categorised into:
- Mining
- Engineering and construction
The regional markets for the product include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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Thriving Construction Sector Across the Emerging Economies to Boost the Growth of the Compaction Equipment Industry
The increasing construction activities across the emerging economies owing to the rapid urbanisation, increasing population, and rising disposable income is driving the demand for the compaction equipment market. In addition to this, the increasing investments by the government aimed towards improving infrastructure by repairing roads and increasing highway standards are further propelling the market growth. Moreover, the growing availability of these equipment on rental basis is increasing the affordability of the product which is a key driving factor.
Across the span of the forecast period, there is an anticipated increase in the demand for compaction equipment in mining industry owing to the rising demand for coal and precious metals. This is likely to lead to an increase in product sales. Furthermore, the growing research and development activities aimed towards achieving high business productivity while reducing the emission of greenhouse gases are anticipated to lead to progressive product innovations.
Key Players in the Global Market for Compaction Equipment
The report gives a detailed analysis of the following key players in the global compaction equipment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Caterpillar Inc.
- Atlas Copco AB
- BOMAG GmbH
- Hitachi Construction Machinery Co., Ltd.
- AB Volvo
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Compaction Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Compaction Equipment Historical Market (2018-2023)
8.3 Global Compaction Equipment Market Forecast (2024-2032)
8.4 Global Compaction Equipment Market by Type
8.4.1 Smooth Wheeled Roller
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Rammers
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Vibratory Roller
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Sheepsfoot Roller
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Pneumatic Roller
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Vibratory Plate Compactor
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Compaction Equipment Market by Application
8.5.1 Soil Compaction
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Concrete Compaction
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Compaction Equipment Market by End Use
8.6.1 Mining
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Engineering and construction
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Compaction Equipment Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Compaction Equipment Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Compaction Equipment Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Compaction Equipment Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Compaction Equipment Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Compaction Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 843061)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Caterpillar Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Atlas Copco AB
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Hitachi Construction Machinery Co., Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 AB Volvo
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 BOMAG GmbH
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Compaction Equipment Market: Key Industry Highlights, 2018 and 2032
2. Global Compaction Equipment Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Compaction Equipment Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Compaction Equipment Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Compaction Equipment Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Compaction Equipment Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Compaction Equipment Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Compaction Equipment Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Compaction Equipment Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Compaction Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Compaction Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Compaction Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Compaction Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Compaction Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Compaction Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Compaction Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Compaction Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Compaction Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Compaction Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. Major Importing Countries by Value
23. Major Exporting Countries by Value
24. Global Compaction Equipment Market Structure
Key Questions Answered in the Report
In 2023, the global market attained a value of nearly USD 5.33 billion.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 7.79 billion by 2032.
The market is estimated to grow at a CAGR of 4.30% between 2024 and 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the increasing applications of the product in construction activities, rapid increase in urbanisation, and increasing mining activities.
The growing research and development activities aimed towards developing lightweight compaction equipment with lower rates of emissions are likely to be the key trends in the market.
Smooth wheeled roller, rammers, vibratory roller, sheepsfoot roller, pneumatic roller, and vibratory plate compactor, among others are the different segments based on type.
Soil compaction, and concrete compaction, among others is the segmentation of market based on application.
Mining and engineering and construction are the different end uses considered in the market report.
The major players in the industry are Caterpillar Inc., Atlas Copco AB, Hitachi Construction Machinery Co., Ltd., AB Volvo, and BOMAG GmbH, among others.
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