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Fact MR: Global Soil Compaction Market Report

Fact MR: Global Soil Compaction Market Report

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Fact.MR Analysis: Developing infrastructure and automation shoots up the Global soil compaction machine market, to reach 10.6 Bn by 2033

Transportation infrastructure plays an important role in the development of economies as it primarily controls the import and export sectors of every market. Globally, big infrastructure projects are in progress, notably for the construction of roads, railways, bridges, and ports, to strengthen the transportation backbone.

Global soil compaction machine sales are estimated at US$ 5.4 billion and are forecasted to climb to US$ 10.6 billion by 2033-end. The global soil compaction machines market is projected to expand at a robust 6.8% CAGR over the next ten years.

Almost all construction processes require compaction of soil to rearrange soil particles and reduce the void ratio. This is giving impetus to the utilization of soil compaction devices. With the heightened uptick in road infrastructure activities, the demand for soil compaction machines is skyrocketing.

Rapid industrialization and urbanization coupled with the rising world population are forecasted to act as catalysts for soil compaction machine shipments over the coming years as they are supplementing construction activity. The rising focus on smart city development is slated to uplift market growth in developed economies such as Germany, the United Kingdom, and the United States going forward.

In August 2023, Volvo Construction Equipment (CE) revealed its first electric asphalt compactor called DD25 Electric. The company has plans to assemble the product at the Volvo facility in Pennsylvania, United States, and is projected to hit the markets in early 2024.

Which Region Leads Global Soil Compactor Sales?

“Asia Pacific Region to Offer Bankable Business Opportunities”

Metropolitan development and better connectivity become the paramount goal for various governments around the globe. The governments of developing economies like China and India are investing more to strengthen their transport infrastructure.

In the current scenario, policies like the re-surfacing of roads in a specific period have increased the demand for construction equipment sales which includes soil compaction machines. In China, the ‘One Belt, One Road’ initiative helps embolden the rapid expansion of transport infrastructure and it also stretches to Central Asia, the Middle East, and Europe.

Country-wise Insights:

Apart from Asian countries, developed countries such as the United Kingdom, the United States, and Germany are also projected to create new opportunities for soil compaction machine producers over the coming years.

Which Trends are Influencing Soil Compaction Machine Sales in Europe?

“Sustainability to Create New Opportunities for Soil Compaction Providers”

European countries are leading the sustainability charge and this has created a highly opportune scenario for soil compaction equipment suppliers as soil is an important component of a sustainable lifestyle. A high focus on efficient land use, the launch of new renewable energy plant construction projects, and a rising focus on sustainable development activity are promulgating shipments of soil compaction machinery in European countries across the study period.

Where Will Soil Compaction Machine Demand Be High in the United States?

“Residential Construction Applications to Lead Market Growth”

The residential construction sector in the United States has been booming in recent years as demand for affordable housing in the country rises. The launch of several new residential and commercial construction projects is predicted to create lucrative opportunities for soil compaction machines machine suppliers going forward.

Rising demand for soil compaction machine rental services in the country is also forecasted to uplift sales of products such as soil compaction plates, soil compaction rammers, and soil compaction rammers over the next ten years. Soil compaction machine manufacturers are focusing on launching new products to expand their business scope in the United States.

Category-wise Insights:

The launch of several new construction projects around the world has bolstered the demand for heavy construction equipment thereby pushing the sales of heavy soil compaction equipment.

Which Type of Soil Compactor is Most Widely Used?

“Heavy Soil Compaction Machinery Accounts for High Revenue Share”

Growing demand for commercial and residential construction across the world is driving up the sales of heavy equipment that might be used in the aforementioned activities. Increasing investments in infrastructure development are also boosting the demand for soil compaction rollers and other types of soil compaction equipment.

Competitive Landscape:

Leading soil compaction machine manufacturers are launching new products that allow them to maximize their revenue generation potential and improve market share.

  • In February 2023, Dynapac, a multinational engineering organization based in Sweden, showcased its latest soil compactor at the American Rental Association (ARA) Show 2023. The CA30 Rhina soil compactor is capable of compacting different types of soil with its 84-inch drum which makes it a versatile machine for many applications.
  • In March 2023, Volvo Construction Equipment (Volvo CE), announced the launch of new Compact Assist packages for its customers to meet varying demands and get the best out of Volvo soil compactors.
  • In June 2022, Ammann, a renowned Swiss multinational known for its intelligent soil compaction, announced the launch of a new advanced and intelligent CCC (continuous compaction control) system for asphalt compactors and soil compactors.
  • In November 2022, Bobcat Company, a renowned name in the construction equipment space, announced the launch of new compaction machines as it entered the light compaction space. The company entered the light soil compaction space with the launch of 9 machines suited for roadwork, construction, and landscaping applications.

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