Soil Compaction Machines Market: Manufacturers Seek Procurement of Big Infrastructure Projects to Maintain Market Sustainability
June 18, 2019 by Steve Blade
The soil compaction machines market is likely to be impacted with a number of aspects circling the rental trend. OEMs and distributors of soil compaction machines have been inclined toward renting soil compaction machines owing to high initial costs. Mid-level contractors have been facing challenges apropos to raising funds for new soil compaction machines along with managing maintenance costs. This has translated into a significant growth in the soil compaction machines rental trend, consequently influencing its market.
Developments in road infrastructure and increasing demand for paved roads continue to influence sales of soil compaction machines. Highways and roads being a key facet of infrastructure sector in an economy, their construction becomes an imperative aspect. This factor is likely to remain instrumental in driving the demand for construction equipment such as soil compaction machines. Fact.MR foresees that the demand for soil compaction machines is projected to expand at a CAGR of 4.1% in terms of volume during the period of forecast, 2018-2028. Albeit a steady growth rate, demand for soil compaction machines is expected to translate into sales volume of more than 370,000 units by end of the assessment period, envisages Fact.MR.
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Manufactures of soil compaction machines have been focused on development of their soil compaction machines. Shift from static to vibratory soil compaction machines has been witnessed across the globe, says the report. In addition, soil compaction machines manufacturers are also introducing machines featuring higher fuel efficiency and low maintenance. Furthermore, manufacturers are focusing on introducing based on specific application requirements. For instance, Wirtgen Group has introduced HD 12 VV soil compaction machines that are suited for small road construction and landscaping sites
Soil Compaction Machines Industry Investing in R&D to Meet End-User Demand for Efficient Densification
Intelligent Compaction (IC) technology in soil compaction machines has assisted construction operators to achieve uniform compaction. However, the IC technology lacks delivery of maximum compaction efficiency where advanced vibratory drums and improved accelerometer measures ground response to energy for compaction force. To address these technological innovations, the soil compaction machines industry has made significant investments in R&D and Innovation.
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Apart from the above mentioned insights, the soil compaction machines market report also covers other vital facets of the soil compaction machines market.
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Sales of light tandem rollers as opposed to trench rollers are expected to account for more than 51 percent of the light soil compaction machines marketplace. However, report projects that the demand for trench rollers is projected to expand at a comparatively higher pace during the assessment period on the back of superior productivity and compaction output. In addition, trench rollers can be used in highly cohesive soils. Manufacturers of soil compaction machines are largely investing in improving trench rollers in a bid to enhance longevity and achieve higher customer satisfaction. For instance, Ammann has introduced new Articulated and Rigid Frame trench rollers that offer higher operator safety and comfort with enhanced productivity.
In the competitive landscape section, the soil compaction machines market report profiles the key players in the soil compaction machines market. The section offers vital insights including product offerings, business strategies and market size of individual companies. Few of the market players profiled in the soil compaction machines market report include Caterpillar, Inc., Volvo Construction Equipment, J.C. Bamford Excavators Limited, John Deere, and Hitachi Construction Machinery Co., Ltd.
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