The compaction machines market involves a wide range of heavy machinery used for compaction of various materials such as soil, aggregate, concrete, and asphalt in construction projects. Compaction machines help decrease voids in fills or embankments and ensure that the desired density and strength requirements are met. Commonly used compaction machines include single-drum rollers, double drum rollers, sheeps foot rollers, trench and soil compactors, rammers, and vibrating plat compactors.
The global compaction machines market is estimated to be valued at US $5,985.51 million in 2021 and is expected to exhibit a CAGR of 6.5% over the forecast period (2022-2030).
Key Takeaways
Key players operating in the compaction machines are Wacker Neuson SE, Sany Heavy Industry Co. Ltd, Volvo Construction Equipment, Wirtgen Group, Caterpillar Inc., Atlas Copco, Terex Corporation, Zoomlion Heavy Industries Science and Technology Co Ltd, Fayat Group, BOMAG GmbH, and XCMG Co. Ltd. The growing infrastructure development projects across both developed and developing countries is fueling the rising demand for compaction machines in end-use industries such as building & cities, highways & railways, utilities, and others. Technological advancements like incorporation of GPS systems, increasing mechanization, and higher capacity machines are aiding the productivity and efficiency of compaction processes.
Market Trends
Some of the Compaction Machines Market Growth include increasing demand for higher capacity machines and development of electric/hybrid compaction machines. With the expansion of large infrastructure projects, there is growing need for compaction machines with higher throughput capacity. This is driving manufacturers to develop machines with operating weights over 35 tons. Additionally, strict emission regulations have prompted players to focus on electric and hybrid technologies for compaction equipment. Some prominent players have launched electric rammers and vibratory plates with significantly lower noise & zero emissions.
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