According to a market report by Lucintel, the future of the global compaction equipment market looks promising with opportunities in the construction, agriculture, and municipal markets. The global compaction equipment market is expected to grow with a CAGR of 5.3% from 2024 to 2031. The major drivers for this market are the increasing demand for soil compaction in construction, the rising focus on efficient construction processes, and the growing adoption of advanced compaction technologies.
A more than
150-page report to understand trends, opportunity and forecast in global compaction
equipment market to 2031 by product type (vibratory rollers, plate compactors,
rammers, and others), application (road construction, building construction,
agriculture, and others), end use (construction, agriculture, municipal, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
Lucintel
forecasts that, within the product type category, vibratory roller will remain
the largest segment over the forecast period.
Within the
end use category, construction will remain the largest segment.
Download
sample by clicking on compaction
equipment market.
In terms
of region, APAC will remain the largest region over the forecast period.
Caterpillar,
Volvo Construction Equipment, BOMAG, JCB, Wacker Neuson, Hitachi Construction
Machinery, Sakai Heavy Industries, Dynapac, Ammann Group, XCMG Group are the
major suppliers in the compaction
equipment market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com to get
access of more than 1000 reports at fraction of cost visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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