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Global Vibratory Plate Compactor Market to reach USD 1480.93 million by the end of 2030

Global Vibratory Plate Compactor Market Size Study & Forecast, by Type (Forward Plate Compactors and Reversible Plate Compactors), By Power (Electric and Gasoline), By Application (Residential, Commercial, and Industrial), and Regional Analysis, 2023-2030

Product Code: OIRBC-19938523
Publish Date: 10-03-2024
Page: 200

Global Vibratory Plate Compactor Market is valued approximately at USD 943.3 million in 2022 and is anticipated to grow with a growth rate of more than 5.8% over the forecast period 2023-2030. A vibratory plate compactor is a robust machine employed in construction and landscaping to compact soil, gravel, or asphalt effectively. Featuring a flat, vibrating plate, it applies downward force and rapid vibrations to settle loose materials firmly. This compaction technique is instrumental in establishing sturdy foundations for structures such as buildings, roads, or walkways, by minimizing air voids in the soil, enhancing its density, and load-bearing capacity. Moreover, vibrating plates offer versatility and numerous advantages, streamlining the compaction process and ensuring optimal outcomes. These plate compactors accelerate compaction procedures, significantly reducing time requirements. Leveraging powerful vibrating plates, they swiftly compact soil particles, diminishing air bubbles, and enhancing soil compaction. The efficient compaction facilitated by plate compactors facilitates swift project advancement on-site, enabling timely project completions within stringent deadlines. The growing need for regular maintenance and occasional repair, rapid urbanization and population growth, as well as stringent regulatory standards related to construction quality and environmental protection are the key factors that are bolstering the market demand across the globe.

In addition, the continuous growth of construction and infrastructure projects globally, spanning roads, highways, buildings, and airports, drives the demand for vibratory plate compactors as indispensable tools for soil compaction and foundation preparation. As per Statista, the construction (including commercial and residential infrastructure) industry spending is rising constantly, in 2021, the worldwide construction spending was valued at USD 12.9 trillion, which is projected to rise to USD 17.1 trillion by the year 2030. Thus, these aforementioned factors are propelling the growth of Vibratory Plate Compactor Market during the estimated period. Moreover, the continuous advancements in vibratory plate compactor technology, as well as growing popularity of the rental market present various lucrative opportunities over the forecast years. However, the high maintenance costs along with availability of alternatives are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Vibratory Plate Compactor Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with largest market share owing to the rise in construction and infrastructure sectors in this vibrant and rapidly evolving area. Additionally, several countries across the Asia Pacific region are undergoing substantial infrastructure growth, marked by the construction of roads, highways, bridges, airports, and other public amenities. Vibratory plate compactors play a pivotal role in these initiatives, crucial for ground preparation and ensuring the durability of foundations in these expansive projects. Whereas, North America is expected to grow with the fastest CAGR over the forecast years. The diverse and dynamic construction and infrastructure sector in the region are significantly propelling the market demand across the region. As construction activities continue to advance and diversify, the need for effective compaction equipment is anticipated to endure. Furthermore, ongoing developments in commercial and industrial sectors, encompassing warehouses, manufacturing plants, and distribution centers, further drive demand for vibratory plate compactors in activities like site preparation and foundation compaction.

Major market players included in this report are:
Bopparder Maschinenbau-Gesellschaft mbH (Bomag) (Germany)
Caterpillar Inc. (U.S.)
Wacker Neuson SE (Germany)
MBW Inc. (U.S.)
Ammann Group (Switzerland)
Husqvarna Construction Products (Sweden)
Multiquip Inc. (U.S.)
Atlas Copco Group (Sweden)
Stanley Infrastructures LLC (U.S.)
Doosan Portable Power Inc. (U.S.)

Recent Developments in the Market:
Ø In December 2023, The Ammann Group and Volvo Construction Equipment (Volvo CE) finalized an agreement whereby Ammann would acquire Volvo CE’s global ABG Paver Business, encompassing ABG located in Hameln, Germany.
Ø In July 2023, The Ammann Group unveiled the new Ammann eATR 68 Rammer, featuring electric-drive technology that produces zero emissions while offering a range of additional benefits.

Global Vibratory Plate Compactor Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Power, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

By Power:
Forward Plate Compactors
Reversible Plate Compactors

By Application:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Vibratory Plate Compactor Market, by region, 2020-2030 (USD Million)
1.2.2. Vibratory Plate Compactor Market, by Type, 2020-2030 (USD Million)
1.2.3. Vibratory Plate Compactor Market, by Power, 2020-2030 (USD Million)
1.2.4. Vibratory Plate Compactor Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Vibratory Plate Compactor Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Vibratory Plate Compactor Market Dynamics
3.1. Vibratory Plate Compactor Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rapid growth of construction and infrastructure projects Stringent regulatory standards related to construction quality and environmental protection
3.1.2. Market Challenges High maintenance costs Availability of alternatives
3.1.3. Market Opportunities Continuous advancements in vibratory plate compactor technology Growing popularity of the rental market
Chapter 4. Global Vibratory Plate Compactor Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Vibratory Plate Compactor Market, by Type
5.1. Market Snapshot
5.2. Global Vibratory Plate Compactor Market by Type, Performance – Potential Analysis
5.3. Global Vibratory Plate Compactor Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Vibratory Plate Compactor Market, Sub Segment Analysis
5.4.1. Forward Plate Compactors
5.4.2. Reversible Plate Compactors
Chapter 6. Global Vibratory Plate Compactor Market, by Power
6.1. Market Snapshot
6.2. Global Vibratory Plate Compactor Market by Power, Performance – Potential Analysis
6.3. Global Vibratory Plate Compactor Market Estimates & Forecasts by Power 2020-2030 (USD Million)
6.4. Vibratory Plate Compactor Market, Sub Segment Analysis
6.4.1. Electric
6.4.2. Gasoline
Chapter 7. Global Vibratory Plate Compactor Market, by Application
7.1. Market Snapshot
7.2. Global Vibratory Plate Compactor Market by Application, Performance – Potential Analysis
7.3. Global Vibratory Plate Compactor Market Estimates & Forecasts by Application 2020-2030 (USD Million)
7.4. Vibratory Plate Compactor Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Commercial
7.4.3. Industrial
Chapter 8. Global Vibratory Plate Compactor Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Vibratory Plate Compactor Market, Regional Market Snapshot
8.4. North America Vibratory Plate Compactor Market
8.4.1. U.S. Vibratory Plate Compactor Market Type breakdown estimates & forecasts, 2020-2030 Power breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Vibratory Plate Compactor Market
8.5. Europe Vibratory Plate Compactor Market Snapshot
8.5.1. U.K. Vibratory Plate Compactor Market
8.5.2. Germany Vibratory Plate Compactor Market
8.5.3. France Vibratory Plate Compactor Market
8.5.4. Spain Vibratory Plate Compactor Market
8.5.5. Italy Vibratory Plate Compactor Market
8.5.6. Rest of Europe Vibratory Plate Compactor Market
8.6. Asia-Pacific Vibratory Plate Compactor Market Snapshot
8.6.1. China Vibratory Plate Compactor Market
8.6.2. India Vibratory Plate Compactor Market
8.6.3. Japan Vibratory Plate Compactor Market
8.6.4. Australia Vibratory Plate Compactor Market
8.6.5. South Korea Vibratory Plate Compactor Market
8.6.6. Rest of Asia Pacific Vibratory Plate Compactor Market
8.7. Latin America Vibratory Plate Compactor Market Snapshot
8.7.1. Brazil Vibratory Plate Compactor Market
8.7.2. Mexico Vibratory Plate Compactor Market
8.8. Middle East & Africa Vibratory Plate Compactor Market
8.8.1. Saudi Arabia Vibratory Plate Compactor Market
8.8.2. South Africa Vibratory Plate Compactor Market
8.8.3. Rest of Middle East & Africa Vibratory Plate Compactor Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Bopparder Maschinenbau-Gesellschaft mbH (Bomag) (Germany) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Caterpillar Inc. (U.S.)
9.3.3. Wacker Neuson SE (Germany)
9.3.4. MBW Inc. (U.S.)
9.3.5. Ammann Group (Switzerland)
9.3.6. Husqvarna Construction Products (Sweden)
9.3.7. Multiquip Inc. (U.S.)
9.3.8. Atlas Copco Group (Sweden)
9.3.9. Stanley Infrastructures LLC (U.S.)
9.3.10. Doosan Portable Power Inc. (U.S.)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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