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Global Soil Compaction Equipment Market Trends, Strategies, Opportunities For 2022-2031
The Business Research Company’s Soil Compaction Equipment Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
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According to ‘Soil Compaction Equipment Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the soil compaction equipment market size is expected to reach a value of nearly $ 2.98 billion in 2022 at a compound annual growth rate (CAGR) of 7.3%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The soil compaction market is expected to reach $ 3.58 billion in 2026 at a CAGR of 4.7%. The rise in the construction of smart city projects is expected to propel the growth of the soil compaction equipment market going forward.
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The soil compaction equipment market consists of sales of soil compaction equipment by entities (organizations, sole traders, and partnerships) that help to remove air from a soil mass and help to increase the density of soil. It also makes the soil better suited for construction. Compaction equipment refers to the equipment used for compacting large areas of soil and helps to provide an impact load on the soil. This equipment is lighter in weight and can be operated by hand or by a machine.
Global Soil Compaction Equipment Market Trends
Product innovation is a key trend gaining popularity in the soil compaction equipment market. Major players in the market are focused on developing innovative products such as seismic systems to sustain their position in the market. For instance, in April 2019, Dynapac, a Sweden-based engineering company engaged in the manufacturing of pavers, mobile feeders, rollers, and planers, launched the new soil compactors with a new seismic system that acts as an innovative control package. This helps the roller automatically set the optimum frequency for any compacted material. This seismic system also allows tracking of changes in the stiffness of the material being compacted and continuously modifies the performance of the compactor to account for shifting soil conditions.
The global 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: The global soil compaction equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest share.
Read more on the global soil compaction equipment market report here
https://www.thebusinessresearchcompany.com/report/soil-compaction-equipment-global-market-report
Soil Compaction Equipment Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides soil compaction equipment global market analysis, soil compaction equipment market overviews, soil compaction equipment market trends, analyzes and forecasts soil compaction equipment global market size and growth for the global soil compaction equipment market, soil compaction equipment market share, soil compaction equipment global market segments and geographies, soil compaction equipment market players, soil compaction equipment global market leading competitor revenues, profiles and market shares. The soil compaction equipment global market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Soil Compaction Equipment Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: 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
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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