Soil Compaction Equipment Market Report 2023 : By CAGR, Industry Growth, Competition Analysis | Ammann Group Holding AG, Bopparder Maschinenbau-Gesellschaft mbH, CASE Construction Equipment, Dynapac, Hamm AG

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Soil Compaction Equipment Global Market Report 2023 identifies rise in the construction of smart city projects as the major driver for the Soil Compaction Equipment market's growth in the forecast period. The smart city project refers to the renewal of urban areas that are linked with technology and enhance the quality of public services and citizen welfare. Soil compaction is an essential step in the construction process to create a stable working surface. Smart projects need soil compaction for their construction, as this is used to densify soil by reducing the void space, or the amount of air, between soil particles and makes it better for construction.

The global soil compaction equipment market size grew from $2.98 billion in 2022 to $3.15 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The soil compaction equipment market size is expected to grow to $3.77 billion in 2027 at a CAGR of 4.5%.

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Major competitors in the Soil Compaction Equipment market are Ammann Group Holding AG, Bopparder Maschinenbau-Gesellschaft mbH, CASE Construction Equipment, Dynapac, Hamm AG, Hitachi Construction Machinery, Zoomlion Heavy Industry Science and Technology Co. Ltd., Martin Trailer Company (Pty) Ltd., MBW Inc., Weber MT Inc., Caterpillar Inc., John Deere, Volvo Construction Equipment, Corporation, XCMG, JSC Amkodor, Wirtgen Group, and Sany Heavy Industry Co. Ltd.

A key trend in the Soil Compaction Equipment market includes product innovation. Major players in the market are focused on developing innovative products to sustain their position in the market. For instance, in February 2022, Trimble, a US-based software, hardware, and services technology company, introduced the industry's first Horizontal Steering Control for soil compactors. By using Horizontal Steering Control, operators can achieve higher-quality surfaces and more consistent compaction. Using a 3D model or compaction pass line, Trimble Earthwork's Horizontal Steering Control steers a soil compactor automatically. By precisely controlling overlap between passes, operators of all skill levels can improve compaction productivity and quality.

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The Soil Compaction Equipment market is segmented -

By Type: Rammers, Smooth Wheeled Rollers, Vibratory Plate Compactors, Sheepsfoot Rollers, Other Types

By Application: Building and Construction, Transport Infrastructure, Other Applications

By End User: Engineering And Construction, Mining

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Soil Compaction Equipment market.

The Business Research Company's "Global Soil Compaction Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Soil Compaction Equipment Market Include:
1. Executive Summary
2. Soil Compaction Equipment Market Characteristics
3. Soil Compaction Equipment Market Trends And Strategies
4. Soil Compaction Equipment Market - Macro Economic Scenario
5. Soil Compaction Equipment Market Size And Growth
……
26. Africa Soil Compaction Equipment Market
27. Soil Compaction Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Soil Compaction Equipment Market
29. Soil Compaction Equipment Market Future Outlook and Potential Analysis
30. Appendix

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