The global stabilization machine market is expected to reach USD 35.32 Billion by 2028, according to a new report by Reports and Data. The launch of advanced stabilization machines 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 stabilization machines. 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.
Europe is expected to be a key revenue generating region in the forecast period. The market is projected to grow at a CAGR of 3.2% in the forecast period. Factors such as presence of large number of market players of stabilization machine in the region coupled with high awareness about advanced construction/maintenance technologies is anticipated to drive demand. Additionally, key regulatory bodies supporting the adoption of environmental friendly techniques in the region, and availability of funds for the stabilization technology applications are expected to support the growth of European stabilization machine market.
Key participants include 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 research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2020-2028. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.
The Stabilization Machine Markethas been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Stabilization Machine Market.
Further key findings from the report suggest
- Agricultural segment is projected to be the fastest growing application of the stabilization machine 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 stabilization machine 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 stabilization machine market.
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For the purpose of this report, Reports and Data have segmented global stabilization machine on the basis of product type, additive, end-use and region:
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
End-use Outlook (Revenue, USD Million, 2018-2028)
- Floor Industrial
Regional Outlook (Revenue, USD Billion, 2018-2028)
- North America
- Asia Pacific
- Latin America
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Key Advantages of Stabilization Machine Market Report:
- Identification and analysis of the market size and competition
- Qualitative and quantitative analysis of the market data
- Data validated by industry experts after extensive primary and secondary research
- Extensive regional analysis of the Stabilization Machine industry
- Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
- SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
- Feasibility analysis and investment analysis to enable strategic investment decisions
- Analysis of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Stabilization Machine Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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