Global Compaction and Paving Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Compaction and Paving Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Compaction and Paving Equipment include compaction rollers, pavers, light compaction equipment, they are usually used for road construction & maintenance, indoor construction & maintenance and so on.

Market Overview:

The latest research study on the global Compaction and Paving Equipment market finds that the global Compaction and Paving Equipment market reached a value of USD 3636.73 million in 2022. It’s expected that the market will achieve USD 4465.3 million by 2028, exhibiting a CAGR of 3.48% during the forecast period.

Limitations

Unbalanced development in some regions

In developed market, they have many advantages, while in developing regions, they lack of technical know-how, lack of talent, which lead to the unbalanced development.

Booming of rental and second hand market

Now, renting and buying a second-hand equipment is much cost-effective, so, some customers tend to use renting or second hand product, instead of buying a new one, which to some extent, is having a strong impact on the development of the compaction and paving equipment market.

Low labor costs in some developing regions

In the less developed regions, labor cost is low, compared to buying a piece of new equipment, using labor is much cheaper, and they may tend to use manpower to construct some small project.

Opportunities

Improved performance

In the future, the manufacturers tend to improve its machine productivity and create competitive advantage, such as more user friendly and field adjustable, giving the user more direct control, adjustability of performance parameters, increasing operator feedback, and achieving greater machine performance at a cost-effective price point

Rise in growth of equipment rental business

Renting equipment has been a large-scale business in the UK, the US, and some European nations for a long time. Rental has proven to be a vital division for some compaction and paving equipment manufacturers as an important client source as well as a working division. Emerging economies in Brazil, Russia, India, China, and South Africa (BRICS) have a potential rental market as construction activities, and industrial development continues to grow in these countries.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

Fayat Group (Bomag) is one of the major players operating in the Compaction and Paving Equipment market, holding a share of 21.53% in 2022.

Fayat Group (Bomag)

Fayat has continued to develop through its external growth and diversification strategy. The key to the Group's success lies in its genuine entrepreneurial culture, meticulous management and the extensive room for manoeuvre it grants its 152 subsidiaries across 120 countries.

Atlas Copco

Atlas Copco is a world-leading provider of sustainable productivity solutions. Customers benefit from our innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems.

Segmentation Overview:

By type, Compaction Rollers segment accounted for the largest share of market in 2021.

Compaction Rollers

Compaction rollers is a compactor type engineering vehicle used to compact soil, gravel, concrete, or asphalt in the construction of roads and foundations.

Pavers

Pavers typically use a slipform process to pave roadways, first spreading fluid concrete placed on the grade with an auger, then removing excess material with a strike-off plate.

Light Compaction Equipment

Light compaction equipment are the light equipment used for compaction in some projects.

Application Overview:

By application, the Road Construction & Maintenance segment occupied the biggest share from 2017 to 2022.

Road Construction & Maintenance

Road construction & maintenance is the act of constructing maintenance of road.

Indoor Construction & Maintenance

Indoor construction & maintenance is the act of constructing and maintenance of indoor places.

Key Companies in the global Compaction and Paving Equipment market covered in Chapter 3:

Sakai America
ALTRAD Belle
Wirtgen (Hamm)
Mikasa
Wacker Neuson
Terex
Doosan
Atlas Copco
Ammann
Fayat Group (Bomag)
XCMG
JCB
Volvo
Caterpillar

In Chapter 4 and Chapter 14.2, on the basis of types, the Compaction and Paving Equipment market from 2018 to 2029 is primarily split into:

Compaction Rollers
Pavers
Light Compaction Equipment

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Compaction and Paving Equipment market from 2018 to 2029 covers:

Road Construction & Maintenance
Indoor Construction & Maintenance
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)