Rolling with Expectations

The advent of smart compactors which can optimize waste collection and disposal is expected to drive the growth of the compactor market in India. The construction and hospitality industries are one of the major end-users of compactors in India. Equipment Times explores the prevailing scenario in the road and highway construction segment, the compaction equipment market, changing customer preferences, latest technologies, aftermarket vertical and rental scenario of compaction equipment.

The Indian Compactor Market has seen tremendous growth on account of rapid urbanization as the demand for efficient waste management solutions is increasing in urban areas. The government has launched various initiatives to promote sustainable waste management practices. Moreover, there is a growing awareness among people about the benefits of waste management and the adverse impacts of untreated waste on the environment.

Also, there is an increasing focus on sustainability in India, which is driving the demand for waste management solutions. The India Compactor Industry is anticipated to grow as more businesses and industries adopt sustainable waste management practices. Furthermore, the demand for electric compactors is growing in India due to the growing focus on sustainable technologies. Companies are collaborating with local governments and municipalities to provide compactors for waste management.

Compactor Market

India Compactor Market is expected to witness significant growth over the coming years on account of several upcoming projects such as the expansion of public infrastructure, the establishment of new industries as well as a growing number of small and medium enterprises (SME’s) in the country.

According to 6Wresearch, India Compactor Market is anticipated to register growth during 2020-2026. The government of India has come up with the “Vision 2030” initiative aiming to be a $5 trillion economy by 2025 and a $10 trillion economy by 2030, the foremost dimension of achieving this vision is to build physical infrastructures such as next-generation roads, railway, seaport, airports, urban transport, and inland waterways. The government of India and Invest India have come up with “India Investment Grid” (IIG) aiming to provide different investment options to global investors in 5000 projects from across the 36 states and union territories. Such initiatives would create ample demand for compactor equipment in the Indian market.

By type, stationary compactor equipment is anticipated to register significant growth throughout the period on account of an increase in usage of the stationary compactor in the construction and industrial sector for compacting crushed rock, grading, compacting the backfill in narrow trenches and compacting refuse vehicles. The government of India has come up with an initiative to encourage public-private partnerships (PPP’s) and foreign investors to participate in several infrastructure projects such as coastal road project, char Dham highway, char Dham railway, Chenab bridge, the eastern dedicated freight corridor, kalpasar project, and Delhi-Mumbai industrial corridor project, thus creating demand for compactor equipment in the upcoming years.

The rise in construction in smart cities, also the increase in transport construction acts as a major driver for the market. Also, the rapid urbanization fuels the demand for the compaction equipment market as it gives rise to a large number of demolition sites and new construction sites. The demand for compaction equipment is the huge investments being made by governments for improving infrastructure. There are numerous ongoing & upcoming projects for roads and dams, which in turn, will spur the demand for compaction equipment during the forecast period.

Moreover, the increasing population, which will lead to growth in demand for residential projects, will also support the demand for compaction equipment in the forecast period. Renting and leasing will be trending opportunities in the compaction equipment market. Compaction equipment is relatively expensive and hence, most customers prefer to either rent or lease compaction equipment.

Compaction Segment Analysis

While compaction equipment is mostly used to compress loose soil, but owing to a variety of compaction equipment available today, this equipment has found a way in all types of construction activities, right from building roads to constructing industrial complexes. This equipment can compress loose soil, rocks, landfill debris, road surfaces, and other materials to a particular density level, so that the ground does not cave with the use or over a period of time.

Companies are investing in compaction equipment and related products mainly in APAC and MEA, where a large number of infrastructure development projects are in progress. Developing economies have a large number of projects ongoing in terms of engineering and construction. Government bodies are focusing on structured facilities such as hospitals, transportation, and tourism, which is boosting the market for compaction equipment.

Innovation in compaction equipment

Many developments in compaction equipment have been the result of developments in other fields – materials or electronics, for example – that have enabled manufacturers of rollers and plates to make great strides in improving the compaction operation for contractors.

Frank Wenzel, vice president of engineering for Stone Construction Equipment, says efforts to improve the productivity and reduce the cost of compaction equipment are ongoing, with the main focus being to help contractors do a more effective job. Innovations are usually tested and fine-tuned on larger highway rollers, but as innovations are perfected and accepted on the larger machines it doesn’t take long for them to make their way to the parking lot and driveway contractor.

Wenzel says a good example is vibration, noting there has been a shift from static to vibratory rollers among commercial pavers. “Although vibratory rollers have been around for some time it took a while for their popularity to trickle down to the smaller roller market,” Wenzel says.

“All technology, with the exception of intelligent compaction, has trickled down to the smaller rollers,” says John Hood, Bomag Americas. “Today’s rollers provide much smoother operation, the electronics controls and hydraulics system are much improved, and ergonomics are just as important on a small roller as on a big one. As technology moves forward it’s being integrated on equipment industry-wide.”

Materials & Components

Some of the most important developments are in the materials and components that make up compaction equipment because those developments have led manufacturers to a host of innovations that have benefitted contractors.

Electronics & Hydraulics. Dave Schulenberg, Wacker Neuson product manager, says developments in the quality, durability, and performance of hydraulic motors and pumps and the rapid development and acceptance of electronics have played a significant role in moving the compaction industry forward.

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