Benefits of stabilization machine over
conventional methods coupled with launch of advanced stabilization machines is
expected to drive demand.
Market Size – USD 31.3 billion in 2018, Market Growth - CAGR of 4.2%,
Market Trends – Increased adoption across various applications
The global Stabilization
Machine Market is expected to reach USD 32.32 billion by
2026, 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.
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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
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Further key findings from the report suggest
·
Agricultural segment is projected to be the fastest
growing application of the automotive fabric 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.
·
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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For the
purpose of this report, Reports and Data have segmented global automotive fabric on the basis of product
type, additive, end-use and region:
Product
Type Outlook (Revenue, USD Billion, 2018-2026)
·
Road Pavement Mill
·
Road Recycler
·
Soil Stabilizers
Additive
Outlook (Revenue, USD Billion, 2018-2026)
·
Mineral and Stabilizing Agents
·
Polymers
·
Others
End-use Outlook (Revenue, USD Million, 2015-2026)
·
Floor Industrial
·
Non-agriculture
·
Agriculture
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John Watson
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John Watson
Head of Business Development
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