Compaction is the process which releases entrapped air from freshly placed concrete. Many projects use the light concrete compaction equipment, including compacting soil in trenches and asphalt on pathways. End-users are selecting compactors which are easy to use, dependable, and can be maintained for a long time, which ensures several years of use with routine maintenance. Such equipment also requires relatively minimal investment.
Key factors driving the Light Concrete compaction equipment market include rapid urbanization, rise in the development of transportation infrastructure, demolition of old sites, and construction of new ones. Major shift from a labor-centric approach toward mechanization is also a significant driving factor for the compaction equipment market. The trend of offering Light Concrete Compaction equipment market on a rental basis is growing. This factor is estimated to create immense growth opportunities for the market in the near future. Promotion of light concrete compaction equipment through various online channels is also projected to offer lucrative opportunities to the compaction equipment market in the next few years. On the other hand, high cost of compaction equipment, cost incurred on installation and maintenance of these equipment, and rules and regulations related to emissions are some of the major factors hampering the light concrete compaction equipment market.
The global light concrete compaction equipment market can be segmented based on product, Application, distribution channel, and region. Based on product, the market can be classified into Vibrators (Immersion Vibrators, Surface Vibrators, and Form Vibrators), Electric Converters, Pokers, Vacuum Dewatering Systems, Drive units, and others. Surface Vibrators are applied to the top surface of concrete and act downward from there. They are very useful for compacting slabs, industrial floors, road pavements, and similar flat surfaces. They also aid in leveling and finishing the surface. Based on application, the light concrete compaction equipment market can be divided into road, dams, construction, and others. In terms of distribution channel, the light concrete compaction equipment market can be bifurcated into direct sales and distributor sales. Based on region, the global light concrete compaction equipment market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Light Concrete compaction equipment market in Asia Pacific is projected to expand at a considerable pace during the forecast period, due to attractive investments in infrastructure development in developing economies and rise in investments in compaction equipment and related products in the region. Developing countries such as India, China, Taiwan, and Indonesia have a large number of ongoing infrastructure development projects. This factor is expected to augment the demand for compaction equipment in these countries from 2018 to 2026. Governments of various countries in Asia Pacific and the Middle East are looking forward to undertaking high investments in the development of smart cities. Smart cities would have efficient facilities in terms of transportation, education, hospitals, and shopping malls and they would promote tourism as well. Light Concrete Compaction equipment market will be required for the purpose of infrastructural development of smart cities. Strict rules and regulations regarding machine vibrations imposed by governments of countries in Europe are likely to boost the demand for compaction equipment in the region in the near future.
Prominent players operating in the global Light Concrete Compaction equipment market are Jaypee India, Wacker Neuson, Atlas Compco, Doosan Bobca, BOMAG GmbH and others. These players are anticipated to face healthy competition in the near future, due to presence of a large number of local players in the light concrete compaction equipment market. Major brands are likely to focus on the innovation of new products and research & development activities to strengthen their foothold in the global light concrete compaction equipment market.
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