Global Compaction Equipment Market Growth 2023-2029

Global Compaction Equipment Market Growth 2023-2029

Compaction equipment is used to compress and/or compact different types of materials at a work site. In construction sites different tools and machines are used for different purposes, such as waste around the work area is compacted and then disposed or loose soil around the work site is compacted before the start of the actual construction work.

While compaction equipment is mostly used to compress loose soil, but owing to a variety of compaction equipment available today, this equipment has found way in all types of construction activities, right from building roads to constructing industrial complexes. This equipment can compress loose soil, rocks, landfill debris, road surfaces and other materials to a particular density levels, so that the ground does not cave with use or over a period of time.

LPI (LP Information)' newest research report, the “Compaction Equipment Industry Forecast” looks at past sales and reviews total world Compaction Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Compaction Equipment sales for 2023 through 2029. With Compaction Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Compaction Equipment industry.

This Insight Report provides a comprehensive analysis of the global Compaction Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Compaction Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Compaction Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Compaction Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Compaction Equipment.

The global Compaction Equipment market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In US，Compaction Equipment key players include BOMAG, Caterpillar, Volvo, Atlas, Ammann, etc. The top five manufacturers hold a share over 45%.

Northeast is the largest market, with a share over 35%, followed by Midwest and South, both have a share over 45%.

In terms of product, Light Compaction Machines is the largest segment, with a share over 85%. And in terms of application, the largest application is City Public Works, followed by Road Construction, Building, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Compaction Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Heavy Compaction Machines

Light Compaction Machines

Segmentation by application

Road Construction

Building

City Public Works

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

BOMAG

Caterpillar

Volvo

Atlas

JCB

Wacker neuson

Terex

Doosan

Sakai

MBW Incorporated

Ammann

Wirtgen Group(HAMM)

Hitachi

Belle Group

Mikasa

Key Questions Addressed in this Report

What is the 10-year outlook for the global Compaction Equipment market?

What factors are driving Compaction Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Compaction Equipment market opportunities vary by end market size?

How does Compaction Equipment break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.