COMPACTION MACHINES MARKET ANALYSIS

Compaction Machines MarketSize and Trends

The global compaction machines market is estimated to be valued at US$ 4,955.1 million in 2021 and is expected to exhibit a CAGR of 6.5% over the forecast period (2022-2030).

Figure 1. Global Compaction Machines Market Share (%), By Region, 2021

Figure 2. Global Compaction Machines Market Value (US$ Mn) Analysis and Forecast, 2017 - 2030

Key Takeaways of the Graph:

• The global compaction machines market was valued at US$ 4,955.1 Mn in 2021 and is expected to reach US$ 8,525.0 Mn by 2030 at a CAGR of 6.5% between 2021 and 2030.
• The Heavy Compaction Machines held dominant position in the market and accounted for 7% share in the global compaction machines market in 2021. The segment is expected to reach US$ 6,624.5 million in 2030, owing to growing demand and adoption of heavy compaction machines for major construction projects including highways and airports construction.

Market Trends

The outlook of the U.S. housing market, remains buoyant with the number of new projects to rise by 20%. Rental companies and dealers also reported increased business on the back of rising demand from the industrial and construction sectors. For instance, The American Rental Association for heavy compaction machines anticipates a revenue increase of 8.1% in 2015. According to the Association of Equipment Manufacturers (AEM), the US construction machinery exports dropped to 17.3% during the first half of 2014, compared to the previous year.

The investments in infrastructure has increased significantly in Latin America in the recent past. According to Coherent Market Insights’ analysis, Latin America is expected to account for around 3% of the total global construction spending in 2015, which is anticipated to reach 4% by 2020. As the Olympics were hosted by Brazil in 2016, a substantial amount was invested into infrastructure development in Latin America.