What Has Been the Growth Trajectory for the Soil Compaction Equipment Market in Recent Years?
The soil compaction equipment market has seen considerable growth due to a variety of factors.
• The market size for soil compaction equipment has demonstrated robust growth in the past few years. The market will escalate from $3.38 billion in 2024 up to $3.59 billion in 2025, advancing at a compound annual growth rate (CAGR) of 6.3%.
Many factors have spurred growth during the historic period, including a rise in construction and infrastructure development activities, increased demand for road and highway construction projects, urban development and the enlargement of residential and commercial spaces. Other contributing factors include a focus on soil stabilization and foundation preparation, the necessity for successful compaction in land restoration projects and regulatory standards for soil compaction in the construction sector.
How Does the Forecast Look for the Soil Compaction Equipment Market?
The soil compaction equipment market is expected to maintain its strong growth trajectory in upcoming years.
• Over the next few years, an impressive growth is predicted for the soil compaction equipment market, culminating in a market worth of $4.61 billion in 2029. This represents a compound annual growth rate (CAGR) of 6.5%.
Various factors contributing to this growth within the projected duration include the increasing acceptance of intelligent compaction systems for meticulous work, the proliferation of renewable energy projects that need soil compaction, advancements in sustainable construction and green building research, the need for improvement in agricultural and landscaping soil applications, a growing emphasis on energy-efficient, and low-emission compaction tools, and a rising demand for compact, multi-use soil compactors. Upcoming trends expected during this period include the advent of technologies that reduce emissions, advanced vibration and impact compaction methods, machine learning applications for soil analysis, options for diverse attachments and drums, and maintenance prediction enabled by the Internet of Things (IoT).
What Main Forces Are Fueling Expansion In The Soil Compaction Equipment Market?
The soil compaction equipment market is expected to flourish due to a surge in the number of smart city projects. These projects involve the technological enhancement of urban regions, improving public services and the welfare of citizens. In the construction process, soil compaction is crucial as it provides a solid work surface. Smart city construction necessitates soil compaction to condense the soil, lessen the space within soil particles, and to make it more conducive to building. For example, as reported by the ministry of housing and urban affairs, an Indian government department, 3,997 out of 5,151 smart city projects in India were completed by June 2022, a significant increase from 1,290 projects completed in 2019. Additionally, the Indian government has allotted $ 7,504.14 million from its union budget to the National Urban Housing Funds (NUHF) for funding the Pradhan Mantri Awas Yojana, aiming at the creation of smart homes in urban areas. Hence, the upward trend in smart city construction is fueling the growth of the soil compaction equipment market.
What Are The Primary Segments In The Global Soil Compaction Equipment Market?
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
Subsegments:
1) By Rammers: Handheld Rammers, Engine-Driven Rammers, Pneumatic Rammers
2) By Smooth Wheeled Rollers: Single Drum Rollers, Double Drum Rollers, Combination Rollers
3) By Vibratory Plate Compactors: Reversible Plate Compactors, Forward Plate Compactors, Remote-Controlled Plate Compactors
4) By Sheepsfoot Rollers: Static Sheepsfoot Rollers, Vibratory Sheepsfoot Rollers, Pneumatic Sheepsfoot Rollers
5) By Other Types: Padfoot Rollers, Trench Rollers, Impact Rollers
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Which Key Trends Are Driving Changes In The Soil Compaction Equipment Market?
The soil compaction equipment market is witnessing a surge in product innovation, a trend that is growing increasingly popular. To maintain their market status, the leading players are focusing on the creation and development of distinctive products. For example, in February 2022, Trimble, a technology company based in the US that provides software, hardware, and services, unveiled the first-ever Horizontal Steering Control for soil compactors within the industry. This invention enables operators to produce higher-quality surfaces and achieve more regular compaction. Trimble Earthwork's Horizontal Steering Control, using a 3D model or a compaction pass line, can automatically steer a soil compactor. This precise control over pass overlap allows operators, regardless of their skill level, to enhance compaction productivity and quality.
Who Are the Key Players in the Soil Compaction Equipment Market?
Major companies operating in the soil compaction equipment market include:
• Ammann Group Holding AG
• Bopparder Maschinenbau-Gesellschaft mbH
• CASE Construction Equipment
• Dynapac
• Hamm AG
• Caterpillar Inc.
• Volvo Group
• BOMAG GmbH
• Wacker Neuson SE
• Xuzhou Construction Machinery Group Co. Ltd.
• Liugong Machinery Co. Ltd.
• Sany Group Co. Ltd.
• Zoomlion Heavy Industry Science & Technology Co. Ltd.
• XGMA Machinery Co. Ltd.
• Hitachi Construction Machinery Co. Ltd.
• Kobelco Construction Machinery Co. Ltd.
• Komatsu Ltd.
• Doosan Infracore Co. Ltd.
• Hyundai Construction Equipment Co. Ltd.
• Terex Corporation
• Atlas Copco AB
• Bomag Fayat Group
• J.C. Bamford Excavators Limited
• Liebherr Group
• Shantui Construction Machinery Co. Ltd.
• SAKAI HEAVY INDUSTRIES LTD.
• Multiquip Inc.
• Vibromax Compaction Equipment
• Benford Compaction Equipment
What Is The Most Dominant Region In The Soil Compaction Equipment Market?
Asia-Pacific was the largest region in the soil compaction equipment market in 2024. The regions covered in the soil compaction equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
