Soil Compaction Machines Market To Increase at Steady Growth Rate 2018-2028

Key Insights of Soil Compaction Machines Market

Soil Compaction Machines Market Reflects Consolidation of Prominent Players

The soil compaction machines market is dominated by tier 1 and tier 2 players owing to its capital intensive nature. Prominent players occupy the largest market share with their superiority in production capacity and premium service delivery. In addition, big ticket construction projects prefer collaboration of construction equipment companies with significant market presence. As tier 1 and tier 2 players capture the total market share, the soil compaction machines market reflects a highly consolidated landscape.

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Manufacturers Rely on Predictive Analytics to Mitigate Concerns Related to Repair & Maintenance Costs and Frequent Downtime

End-users in the soil compaction machines market continued to show a marked preference for renting vis-à-vis owning. This is primarily attributed to significant cost savings that renting offers over full ownership. Although the prevalent status-quo is advantageous for end-users, it poses challenges in terms of higher overhead costs for manufacturers. To address this challenge, manufacturers in the soil compaction machines market are investing in predictive analytics technology, including Big Data and IoT which enables manufacturers to gain information on maintenance time, prior to failure. In addition, growing emphasis on reducing the lead times is also driving adoption of innovative technology among soil compaction machines manufacturers. For big ticket construction projects, low downtime is a critical factor – with the awareness of these challenges, manufacturers in the soil compaction machines market are increasingly relying on technology to navigate the evolving landscape.

Manufacturers Seek Procurement of Big Infrastructure Projects to Maintain Market Sustainability

As the soil compaction machines market remains cost intensive, reliance on rental solutions do not ensure market sustainability. Manufacturers in the soil compaction machines market continue to seek procurement of big infrastructure projects to capture higher profit margins for longer duration. For instance, JCB has recently announced that the company has received an Indefinite Delivery / Indefinite Quantity (IDIQ) contract from the U.S. Fish and Wildlife Service (FWS,) with annual investment up to $5 million in construction machine orders for the next five years. Dynapac, a leading provider of soil compaction machines announced a fleet order from one of the largest construction companies in the Gulf. A fleet of Dynapac machines including eight new soil compaction machines- rollers are being used in the infrastructure projects in Kuwait.

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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. For instance, Caterpillar has developed a new Machine Drive Power (MDP) technology which delivers compaction with greater reliability. BOMAG recently featured its latest innovations - BOMAG 360 degrees compaction technology at BOMAG Innovation Days Asia 2018. With the pivotal role of compaction process in the road construction, growing need of construction equipment has led manufacturers in the soil compaction machines market to engage in R&D investments.

Competitive Landscape of Soil Compaction Machines Market

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.

Expansion of product portfolio, acquisition and strengthening of distribution network are prominent market strategies adopted by the manufacturers in the soil compaction machines market.

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Soil Compaction Machines Market About the Report

The soil compaction machines market report delivers vital insights on the supply and demand scenario and product innovations in the soil compaction machines marketplace worldwide. Performance of the soil compaction machines market report is backed by a thorough analysis of the historical data, current market trends and key business strategies adopted by manufacturers in the soil compaction machines market.

Segmentation of Soil Compaction Machines Market

In the segmentation section of the soil compaction machines market report, market taxonomy of the soil compaction machines market is discussed. The soil compaction machines market is carefully categorized multiple segments and sub-segments.

Additional Questions Answered

Apart from the above mentioned insights, the soil compaction machines market report also covers other vital facets of the soil compaction machines market.

What are the key business strategies adopted by stakeholders in the soil compaction machines market?
What are the growth prospects of the soil compaction machines market amid evolving emission standards?
Which region will be the most prominent in terms of efficient supply and demand scenario in the soil compaction machines market?
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Soil Compaction Machines Market Research Methodology

The research methodology followed during the course of the study of the soil compaction machines market is provided in this section. The section also provides resources used in the primary and secondary research of the soil compaction machines market.

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