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.
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
Purchase full Stabilization Machine Market report covered with tables and figures for better illustration@ https://www.reportsanddata.com/checkout-form/1102
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.
Request for a Sample of Stabilization Machine Market research report at: https://www.reportsanddata.com/sample-enquiry-form/1102
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
End-use Outlook (Revenue, USD Million, 2015-2026)
- Floor Industrial
Regional Outlook (Revenue, USD Billion, 2018-2026)
- North America
- Asia Pacific
- Latin America
Browse More Reports Of Information and Communication Technology At:
Company Name: Reports and Data
Contact Person: John Watson
Email: Send Email
Address:40 Wall St. 28th floor
City: New York City
State: NY 10005
Country: United States