Soil Compaction Equipment Market Size - By Product (Rammers, Smooth Wheeled Rollers, Vibratory Plate Compactors, Sheepsfoot Rollers), Growth Drivers, Regional Insights & Global Forecast, 2023 - 2032

Soil Compaction Equipment Market Size - By Product (Rammers, Smooth Wheeled Rollers, Vibratory Plate Compactors, Sheepsfoot Rollers), Growth Drivers, Regional Insights & Global Forecast, 2023 - 2032

Soil Compaction Equipment Market size is set to expand at over 4% CAGR from 2023 and 2032 propelled by the heightened focus on sustainable construction practices. The increasing awareness of the environmental concerns is leading to the growing emphasis on utilizing eco-friendly construction techniques and equipment. Of late, the demand for efficient and energy-saving soil compaction machinery is rising significantly due to their ability to emit minimal pollutants. To that end, manufacturers are actively developing innovative, sustainable solutions to adhere to stringent environmental regulations and reduce the carbon footprint.

Moreover, the surge in investments for the development of novel solutions to combine excellent compaction quality with simple operation and maintenance as well as incorporating extra features that meet the evolving customer needs will augment the industry outlook. To cite an instance, in June 2023, Hamm announced the launch of new variants of its UN ECE R96 (Tier 3)-compatible soil compactors deployed with strong 154 kW engine and the Hammtronic electronic machine control system.

The soil compaction equipment industry is categorized by product and region.

Based on product, the market value from the smooth wheeled rollers segment is projected to gain significant traction between 2023 and 2032. The growth can be attributed to the surging adoption of smooth wheeled rollers in the construction and road-building industries worldwide owing to their ability to provide uniform compaction and improve soil stability. Rising usage of these rollers in construction and infrastructure projects for offering efficient compaction for various soil types, including granular and cohesive soils will contribute to the segment growth.

With respect to the regional landscape, Asia Pacific accounted for sizable share of the soil compaction equipment industry in 2022 and is estimated to expand at notable growth rate from 2023-2032 fueled by the burgeoning infrastructure development and construction activities. The rapid rate of urbanization and industrialization are contributing to the increasing demand for efficient soil compaction equipment in the region to ensure stable and durable foundations for various infrastructural projects. Additionally, the ongoing government initiatives are further emphasizing the development of transportation, energy, and real estate sectors.

Moreover, the booming construction and infrastructure sectors coupled with the increased government investments in mega projects will open new growth opportunities for major global players, adding to the regional industry growth. To cite an instance, in July 2023, Volvo Construction Equipment established a new dealer site in the Malaysian state of Borneo to better serve clients in providing complete sales and service support for its product line.