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COVER STORYVER STORY

Fast Facts
 Amid the Covid-19 crisis, the global market for Compaction Equipment
estimated at US$4.2 billion in the year 2020, is projected to reach a
revised size of US$5.2 Billion by 2026, growing at a CAGR of 3.5%.
 The global asphalt pavers market size was US$1.98 billion in 2018 and is
projected to reach US$2.77 billion by 2026, exhibiting a CAGR of 4.4%
during the forecast period.
 The global Concrete Paving Equipment market was valued at US$257.7
in 2020 and will reach US$324.2 million by the end of 2027, growing at
a CAGR of 3.9% during 2022-2027.

Since long, compaction of soil has been used to advance the properties has come from years of constructing earth-fill dams and
properties of soil. Various properties, such as bearing capacity and other water retaining structures, stated a recent report by Future
strength, can be increased with the use of compaction equipment. Market Insights.
Similarly, compaction equipment can reduce the permeability Moreover, rural and semi-urban areas are shifting from labor
and compressibility of soil. Until some time ago, road builders intensive work to mechanization. Even for smaller construction
hadn’t realized the importance of compaction and compaction projects, customers prefer to use compaction equipment for soil
equipment in road construction. However, growing popularity of compaction. In such cases, it is certain that mechanization will
compaction equipment has made constructors take notice of the create immense opportunities in the compaction equipment
importance of these equipment in road construction. Compaction market. Government schemes, such as PMGSY, RDCs and NREGA,
equipment are not only used to build roads, but also dams. As have led to mechanization and increased sales of compaction
a matter of fact, our current understanding of soil engineering equipment.

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