The global Soil Stabilizing Equipment Market is expected to reach USD 35.32 Billion by 2028, according to a new report by Reports and Data. The launch of advanced Soil Stabilizing Equipments in the region and strong global presence of global as well as local players in the region is propelling the market growth.
Increasing expenditure on infrastructure is stimulated to drive the demand for Soil Stabilizing Equipments. Over the last decade, there has been a significant need to increase investment on infrastructure in developing as well as developed countries. There has been a continuous gap between the current infrastructure investment and the amount that needs to be invested in catering growing needs. Countries have been trying to bring about an increase in investment on transportation which mainly includes investment on roadways, new buildings and construction and extension of existing construction.
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Further key findings from the report suggest
- Agricultural segment is projected to be the fastest growing application of the Soil Stabilizing Equipment market. The segment is projected to grow at a CAGR of 5.6% in the forecast period. Soil stabilization precisely improves the engineering properties of soil such as strength, volume stability and durability. Additionally, soil stabilization process improves the soil structure and the water-holding capacity of the land to actually optimize the crop production.
- The European market is forecasted to grow at a CAGR of 3.2% in the coming years. Germany holds a strong position in global Soil Stabilizing Equipment market. The country is characterized by the strong presence of key market players such as Wirtgen and Bomag. High expenditure in construction and maintenance, availability of quality products in region, favorable funding scenario for research and development are among key factors, contributing the growth of the German Soil Stabilizing Equipment market.
Top 10 Companies Operating in the Global Soil Stabilizing Equipment Market:
Amag, Biomag, CMI Corporation, Dynapac, Caterpillar, marks, Panien, Raygo, Ingersoll Rand and Wirtgen GmbH. Wirtgen GmbH is a key player in the stabilization amchine market. The company produces more than 60 machine models with manufacturing facilities in Brazil, China and India.
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The global market is further segmented into type and application:
Product Type Outlook (Revenue, USD Billion, 2018-2028)
- Road Pavement Mill
- Road Recycler
- Soil Stabilizers
Additive Outlook (Revenue, USD Billion, 2018-2028)
- Mineral and Stabilizing Agents
- Polymers
- Others
End-use Outlook (Revenue, USD Million, 2018-2028)
- Floor Industrial
- Non-agriculture
- Agriculture
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Takeaways of the Competitive Overview Section:
- Overview of the company profiles of each market player
- Industrial chain analysis of each player
- Revenue share contribution
- Sales network and distribution channels and net profits and losses of each company
- Key business growth strategies are undertaken by these players
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