Vibratory Plate Compactor Market Size, Share and COVID-19 Impact Analysis, By Type (Forward Plate Compactors and Reversible Plate Compactors), By Power (Electric and Gasoline), By Application (Residential, Commercial, and Industrial), and Regional Forecast, 2023 – 2030

The global vibratory plate compactor market size was valued at USD 943.3 million in 2022. The market is projected to grow from USD 984.0 million in 2023 to USD 1,458.9 million by 2030, exhibiting a CAGR of 5.8% during the forecast period.

A vibratory plate compactor is a heavy-duty machine used in construction and landscaping to compact soil, gravel, or asphalt. It typically has a flat, vibrating plate that exerts downward force and vibrates rapidly to compress and settle loose materials. This compaction process helps create a solid and stable foundation for structures such as buildings, roads, or walkways. The vibrations aid in reducing air voids in the soil, increasing its density and load-bearing capacity.

Furthermore, vibrating plates are versatile machines that offer many advantages, simplify the sealing process, and ensure high results. These plate compactors are known to speed up the compaction process, saving significant time. The compactors use powerful vibrating plates to rapidly compact soil particles, reducing air bubbles, and improving soil compaction. The efficient compaction achieved by plate compactors enables quick development on the job site, allowing the completion of the projects within tighter deadlines.

COVID-19 IMPACT

Construction Project Delays and Economic Uncertainties Impeded Market Growth during the Pandemic

The COVID-19 pandemic had various effects on industries globally, including the construction sector. Many construction projects faced delays or were put on hold due to lockdowns, social distancing measures, and workforce shortages. It directly affected the demand for vibratory plate compactors, as fewer construction projects were initiated or completed. In addition, the economic uncertainty caused by the pandemic led to reduced investment in construction and infrastructure projects. Companies were cautious about spending on new equipment, impacting the product sales. Moreover, the shift to remote work and restrictions on on-site activities affected project management and coordination. These factors impacted the planning and execution of construction projects, affecting the product demand.

Vibratory Plate Compactor Market Trends

Technological Adoption Coupled With Hybrid and Electric Options

In recent years, there has been a focus on technology and innovation in the vibratory plate compactor space. The integration of advanced technologies, such as telematics, GPS tracking, and automation, is becoming more common in construction equipment. This trend might extend to the product, offering features for real-time monitoring, data analytics, and remote operation. In addition, the construction industry is increasingly exploring hybrid or fully electric equipment to reduce environmental impact and operating costs. This trend might extend to vibratory plate compactors with the development of electric or hybrid models.

The mentioned trends highlight the manufacturers’ commitment to efficiency, quality, and sustainability through the incorporation of cutting-edge technology into the commercial construction sector, which contributes to market growth.

Vibratory Plate Compactor Market Growth Factors

Product Role in Meeting Construction Standards and Rising Investments in Infrastructure to Bolster the Market Growth

The market is influenced by various factors that drive the demand for vibratory plate compactors. The equipment is widely used in road construction and maintenance projects. With ongoing efforts to improve and expand road networks, the demand for these compactors remains high. In addition, government initiatives and investments in infrastructure projects, such as roads, bridges, and public facilities, contribute significantly to the vibratory plate compactor market growth. The growing stimulus packages and infrastructure development plans will support the product demand.

Moreover, compliance with construction standards and regulations often requires proper soil compaction. Vibratory plate compactors play a crucial role in meeting these standards and their demand is influenced by regulatory requirements. Global urbanization also contributes to an increased demand for construction equipment. The compactors play a key role in preparing the ground in urban areas for buildings, roads, and other infrastructure projects. Understanding these driving factors is essential for manufacturers, distributors, and other stakeholders in the market to comprehend the market trends and make informed business decisions.

RESTRAINING FACTORS

Maintenance Costs Along With Availability of Alternatives May Hamper the Market Growth

While various driving factors contribute to this market, certain restraining factors can influence the demand and growth of this industry. Ongoing maintenance costs, including repairs and replacements, can add to the total cost of ownership for vibratory plate compactors. The perceived or actual maintenance expenses may deter some companies. However, depending on the specific construction requirements, alternative compaction methods or equipment, such as rollers or soil compactors, may be considered. The availability and suitability of these alternatives can impact the product demand. Therefore, stakeholders in the market need to be aware of these restraining factors and adapt their strategies to navigate challenges and uncertainties in the industry.

Vibratory Plate Compactor Market Segmentation Analysis

By Type Analysis

Reversible Plate Compactors Segment Dominated Owing to its Forward and Reverse Operation

By type, the market is divided into forward plate compactors and reversible plate compactors.

The reversible plate compactors segment dominated the market share in terms of revenue in 2022. These type of plate compactors delivering the variable forward and reverse operation, which is considered to be ideal for backfilling around foundations as well as compacting trenches. Furthermore, these machineries can be utilized as stationary for “spot” compaction.

Moreover, the forward plate compactors segment is set to record the highest CAGR during the forecast period. It is owing to this equipment compacting diverse kinds of base materials when preparing for pavers, concrete, and other types of applications, as compaction is one of the most significant parts of the construction process.

By Power Analysis

Gasoline-Powered Compactors Segment Held the Largest Market Share Due to Stability and Load-Bearing Capacity

By power, the market is classified into electric and gasoline.

The gasoline-powered compactors segment held the highest market share in the global market revenue in 2022. This is due to these compactors are used in construction and landscaping to compact soil, gravel, or other materials and help improve stability and load-bearing capacity. Moreover, these compactors are powered by gasoline engines, providing the necessary force to drive the plate and generate the vibrations.

In addition, the electric-powered compactors segment is set to witness the highest CAGR during the forecast period. It is attributed to the preference of electric compactors in situations where a quieter and cleaner operation is desired. In addition, they produce less noise and do not emit exhaust fumes.

By Application Analysis

Commercial Segment To Dominate Owing To Its Utilization in Commercial Construction Sites

By application, the market is categorized into residential, commercial, and industrial.

The commercial application segment led the market revenue share in the year 2022. This is due to these plate compactors widely being used in the commercial sector for soil and material compaction as well as for construction sites such as road construction, building foundations, sports field construction, commercial building renovations, and others.

Moreover, the industrial segment is expected to witness the highest growth rate during the forecast period. These plate compactors find applications in various areas where compaction is essential for construction, maintenance, and overall efficiency. In the industrial sector, these are used in the construction of industrial facilities, including factories, warehouses, and manufacturing plants. The use of vibratory plate compactors is diverse and contributes to the overall efficiency, safety, and longevity of infrastructure and facilities.

Furthermore, the residential segment will record moderate growth over the study period. These compactors play a crucial role in the residential construction and landscaping industry, contributing to the stability and durability of various structures and outdoor spaces.

REGIONAL INSIGHTS

Based on geography, the market has been studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

The Asia Pacific holds a major market share due to considerable growth and increased interest in equipment as well as its adoption in the Asian countries. The market growth in the Asia Pacific region can be attributed to several factors that influence the construction and infrastructure development sector in this dynamic and rapidly expanding part of the world. Moreover, many countries in the Asia Pacific region are experiencing significant infrastructure development, including the construction of roads, highways, bridges, airports, and other public facilities. Vibratory plate compactors are essential for preparing the ground and ensuring the stability of foundations in these projects.

China has been rapidly expanding its compactor manufacturing and there is a notable increase in the adoption of this machinery. The ongoing and planned transportation projects, such as the construction of highways, expressways, and high-speed rail networks, contribute to the product demand in the country to ensure the stability of road and rail foundations. Furthermore, the growth of the real estate sector, including residential, commercial, and industrial properties, requires proper ground preparation, further contributing to the growth of the vibratory plate compactor market share.

In addition, North America has had the fastest growth in terms of CAGR in recent years. The regional growth is closely tied to the diverse and dynamic construction and infrastructure landscape in the region. As construction activities continue to expand and evolve, the demand for efficient compaction equipment is expected to persist. Moreover, ongoing commercial and industrial developments, such as warehouses, manufacturing plants, and distribution centers, contribute to the product demand for site preparation and foundation compaction.

The Europe market growth is influenced by various factors related to construction trends, infrastructure development, environmental considerations, and technological advancements. In addition, this region, being the leader in renewable energy projects, including wind and solar farms, heavily relies on compactors for the preparation of foundations and the compaction of soil for the installation of renewable energy infrastructure.

The Middle East & Africa and South America markets recorded considerable growth in 2022 due to the growth in the adoption of machineries. As they continue to invest in sustainable and resilient construction practices, these plate compactors are likely to play a significant role in various construction projects across the regions.

List of Key Companies in Vibratory Plate Compactor Market

Manufacturers Focus on Product Upgradation to Drive Market Growth

Key players in the market are experiencing various trends and dynamics. Several manufacturers produce vibratory plate compactors, offering a range of models upgraded with various features and specifications.

• For instance, Wacker Neuson, a German manufacturer known for a wide range of construction equipment, produces high-quality compactors for soil and asphalt compaction.

Key players are focusing on factors such as compaction force, plate size, engine type, and the specific requirements of the construction or compaction.

List of Key Companies Profiled:

• Bomag (Germany)


• Caterpillar (U.S.)


• Wacker Neuson (Germany)


• MBW Inc. (U.S.)


• Ammann Group (Switzerland)


• Husqvarna Construction Products (Sweden)


• Multiquip Inc. (U.S.)


• Atlas Copco (Sweden)


• Stanley Infrastructures (U.S.)


• Doosan Portable Power (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• December 2023: The Ammann Group and Volvo Construction Equipment (Volvo CE) reached an agreement. Under the same, Ammann would acquire Volvo CE’s global ABG Paver Business, including ABG in Hameln, Germany.


• July 2023: The Ammann Group introduced the new Ammann eATR 68 Rammer, an electric-drive machine that generates zero emissions and offers a number of other benefits.


• August 2022: Bomag introduced a new soil compactor equipped with 37.3-ton BC 773 EB-5. Its generation is grounded on an up-to-date refuse compactor platform from the Boppard compaction specialists.


• June 2022: John Deere Construction and Forestry Company partnered with Wacker Neuson Group to strengthen their Americas business through long-term contracts for the manufacturing of mini and compact excavators.


• May 2022: Wacker Neuson SE collaborated with PORR Equipment Services GmbH and Umdasch Group Ventures GmbH to generate a digital platform for core processes in construction logistics under the joint venture SEQUELLO in Austria.

REPORT COVERAGE

The report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product/service types, and leading applications of the product. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the growth of the market in recent years.

Report Scope and Segmentation