Transparency Market Research
Soil stabilization equipment can be defined as self-powered, self-propelled, or pull-type equipment or machinery, specially designed for stabilization of soil, which can be utilized in various applications such as agriculture, construction of roads, dams, canals, buildings, airfield, parking lots, and industrial applications. Soil stabilization equipment usually contains five equipment systems: traction, implement, power train, structure, control, and information. Some equipment uses hydraulic drives as a primary source of motion. For any construction project, whether it’s a road, an airfield, building, landfills, or embankments, the base soil acts as the foundation. Moreover, soil is an important construction raw material. Therefore, soil should possess properties that create a strong foundation. Key players operating the soil stabilization equipment market are focusing on addition of innovative equipment to their product portfolio, by carrying out manufacturing advancements in technology along with the introduction of latest product lines. Purpose of these advancements is important for precast engineering construction, both commercial and industrial construction, and for general constructions applications. The new generation soil stabilization equipment are designed to cater to the practical working surroundings and needs of industry sites. The soil stabilization equipment market is primarily driven by commercial, residential, and industrial development and increasing public-private partnership. Various types of soil stabilization equipment are available in the market; however, choosing the right type of soil stabilization equipment depends on its end use. Key parameters for selecting soil stabilization equipment include material, complexity of the project, quality, cost, safety, and time.
The soil stabilization equipment market is expected to expand at a notable growth rate in the near future. Rise in infrastructural development around the world is a key factor that is expected to drive soil stabilization equipment market during the forecast period. Significant expansion of the real-estate sector and developed infrastructure boosts economic growth by helping cross-border trade and industrial growth, which in turn fuels the demand for soil stabilization equipment. Rise in public?private partnerships for the construction of public infrastructure systems in countries such as China and India, and increase in government initiatives toward infrastructure development propel the soil stabilization equipment market. High initial capital investment, and use of superior quality and expensive materials in the manufacturing of equipment are likely to restrain the market. Various factors such as increase in industrial projects and rise in number of projects which involve soil stabilization equipment, such as construction, mining, and repowering of old projects, are likely to provide significant opportunities to the soil stabilization equipment market during the forecast period.
The global soil stabilization equipment market can be segmented based on equipment type, application, and region. Based on equipment type, the market can be segregated into reclaimer, mixers, rotors, spreader, and others. In terms of application, the market can be classified into construction of buildings, roads, canals, reservoirs, airfields, infrastructure projects, industrial projects, agriculture, and others. In terms of region, the market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific is projected to hold a prominent share of the global market by the end of the forecast period.
Key players operating in the global soil stabilization equipment market include Caterpillar, WIRTGEN GROUP, Alpine Sales & Rental Corp., Hitachi, Ltd., AB Volvo, Liebherr, ,Doosan Corporation, SANY GROUP, JCB, Terex Corporation., Zoomlion Heavy Industry Science &Technology Co., Ltd., Liugong Machinery Co., Ltd., Weichai Holding Group Co., Ltd., and Sinotruk (Hong Kong) Limited. Key players operating in the market focus on the design and development of smart, fuel- and energy-efficient machinery, thus propelling the market. Furthermore, companies operating in the market focus on launch of quality and efficient products in order to retain their customer base.
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