Compaction Equipment Market to Reflect Steady Growth Rate by 2028
VALLEY COTTAGE, N.Y. – Compaction equipment Market: Introduction
Since long compaction of soil has been used to advance the properties of soil. Various properties, such as bearing capacity and strength, can be increases with the use of compaction equipment. Similarly, compaction equipment can reduce the permeability and compressibility of soil. Until some time ago, road builders hadn’t realized the importance of compaction and compaction equipment in road construction. However, growing popularity of compaction equipment has made constructors take notice of the importance of these equipment in road construction.
During the early 20th century, with increased axle load and traffic, the demand for proper soil compaction became crucial, which increased the demand for compaction equipment. Compaction equipment help to increase the density of soil. A wide variety of different types of compaction equipment have been developed. Also, with increasing construction activity across the world, the demand for compaction equipment will continue to grow.
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Compaction equipment are not only used to build roads, but also dams. As a matter of fact, our current understanding of soil engineering properties has come from years of constructing earth-fill dams and other water retaining structures.
Moreover, rural and semi-urban areas are shifting from labor intensive work to mechanization. Even for smaller construction projects, customers prefer to use compaction equipment for soil compaction. It can thus be said with some certainty that mechanization will create immense opportunities in the compaction equipment market. Government schemes, such as PMGSY, RDCs and NREGA, have led to mechanization and increased sales of compaction equipment.
Preview Analysis of Compaction equipment Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment; 2018 – 2028 – https://www.futuremarketinsights.com/reports/compaction-equipment-market
Compaction equipment Market: Dynamics
Various factors, such as the need to reduce water seepage and air void content in soil, provision of stability and prevention of damage & soil settlement, will support the demand in the compaction equipment market. Another factor that is likely to support the demand for compaction equipment are the huge investments being made by governments for improving infrastructure. There are numerous ongoing & upcoming projects for roads and dams, which in turn, will spur the demand for compaction equipment during the forecast period. Moreover, increasing population, which will lead to growth in demand for residential projects, will also support the demand for compaction equipment in years to come.
Compaction equipment Market: Trend/ Regional Outlook
Now a days, compaction equipment are being integrated with advanced and innovative technologies. Compaction equipment use devices to indicate compaction progress and measure soil stiffness. Compaction equipment systems are responsible for collecting real time data which helps in avoiding over compaction, which not only saves time and fuel but also results in minimizing soil stiffness. Also, stringent standards imposed by the European government on manufacturers regarding machine vibrations (vibrations are known to cause a repetitive strain injury called Raynaud’s syndrome) will promote the growth of compaction equipment during the forecast period.
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Renting and leasing will be trending opportunities in the compaction equipment market. Compaction equipment are relatively expensive and hence, most customers prefer to either rent or lease compaction equipment. Manufacturers and renters can benefit and grow in the compaction equipment market by customizing compaction equipment based on project requirements and by providing technical support.
Compaction equipment Market: Market Participants
Examples of some of the market participants/vendors identified across the value chain of the Compaction equipment market are:
- Hitachi Construction Machinery
- JCB
- Atlas Copco
- Bomag
- CASE Construction Equipment
- Ammann Group
- Hamm AG
- Martin Trailer Company
- MBW Inc.
- Thetford International
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