Compaction Machine Market Report: Trends, Forecast and Competitive Analysis to 2030

Compaction Machine Trends and Forecast

The future of the global compaction machine market looks promising with opportunities in the road construction and building construction applications. The global compaction machine market is expected to reach an estimated $8.1 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are increasing demand for high-quality roads and infrastructure and augmenting popularity of smart electric compaction machines.

A more than 150-page report is developed to help in your business decisions.

Compaction Machine by Segment

The study includes a forecast for the global compaction machine by product type, application, and region.

Compaction Machine Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Heavy Compaction Machines
• Light Compaction Machines

Compaction Machine Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Road Construction
• Building Construction
• Others

Compaction Machine Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Compaction Machine Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies compaction machine companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the compaction machine companies profiled in this report include-

• Wacker Neuson
• Sany Heavy Industry
• Volvo Construction Equipment
• Wirtgen
• Caterpillar
• Atlas Copco
• Terex

Compaction Machine Market Insights

Lucintel forecasts that heavy compaction machine is expected to witness higher growth over the forecast period due to its significant usage in major constructional projects including highways and airports construction.

Within this market, road construction is expected to witness higher growth over the forecast period due to substantial use of compaction machines for constructing high-quality roads.

APAC is expected to witness highest growth over the forecast period due to rapid economic growth and infrastructural development in the region.

Features of the Global Compaction Machine Market

Market Size Estimates: Compaction machine market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Compaction machine market size by product type, application, and region in terms of value ($B).

Regional Analysis: Compaction machine market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the compaction machine market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the compaction machine market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the compaction machine market size?

Answer: The global compaction machine market is expected to reach an estimated $8.1 billion by 2030.

Q.2 What is the growth forecast for compaction machine market?

Answer: The global compaction machine market is expected to grow with a CAGR of 6.1% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the compaction machine market?

Answer: The major drivers for this market are increasing demand for high-quality roads and infrastructure and augmenting popularity of smart electric compaction machines.

Q4. What are the major segments for compaction machine market?

Answer: The future of the compaction machine market looks promising with opportunities in the road construction and building construction applications.

Q5. Who are the key compaction machine market companies?

Answer: Some of the key compaction machine companies are as follows:

• Wacker Neuson
• Sany Heavy Industry
• Volvo Construction Equipment
• Wirtgen
• Caterpillar
• Atlas Copco
• Terex

Q6. Which compaction machine market segment will be the largest in future?

Answer: Lucintel forecasts that heavy compaction machine is expected to witness higher growth over the forecast period due to its significant usage in major constructional projects including highways and airports construction.

Q7. In compaction machine market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid economic growth and infrastructural development in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the compaction machine market by product type (heavy compaction machines and light compaction machines), application (road construction, building construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?