Stabilization Machine Market by Product, by Additives, by End-User, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The Global Stabilization Machine Market was valued at USD 22.04 Billion in 2018, and is expected to grow at CAGR of 4.01% from period 2020–2026. Shortened construction times, reduced binder requirements, increasing expenditure on infrastructure and high awareness about advanced construction/maintenance technologies are the key factors driving the market growth.

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Stabilizing is a generic term in civil engineering and it encompass domains such as construction, agriculture, industrial manufacturing and others. As an example, when stabilizers are used with agricultural scope it denotes a process of using stabilizing agents and chemical admixtures to modify engineering features of soil in order to optimize the results and costs involved. The stabilization projects involve a binder, or a chemical stabilizing agent that reacts with soil to modify its properties. The purpose of employing stabilizing equipment is to ensure soil utilization at construction sites in terms of grade, filling and construction materials. This enables in preventing any landfills and reduces the burden of transportation. Major benefits sought out of using soil stabilization machines comprise processing of low quality masses and a reduced need for natural aggregates and elimination of need for soil transportation to polluted landfills.

Stabilization Machine Market Trends, Drivers and Opportunities:

Technological advantage with respect to production of heavy weight vehicles is drawing a lot of attention for stakeholder investment. Improved logistics followed by decoding complex excavation challenges are likely to strengthen the market position. In addition, use of stabilization machines for diverse set of industries in developing nations is creating a lurching need amongst the end-users.

Factors such as rise in demand for eco-friendly alternatives, presence of key players in the construction sector and growing awareness for latest technology/ies are likely to stimulate the market growth throughout the forecast period. In addition, other factors triggering the demand for stabilization machine include rise in awareness to minimize carbon footprints and presence of regulatory bodies is likely to rule the roost. Moreover, recycling initiatives such as use of plastics in the road building activities somehow triggers the need for stabilizer machines. On contrary, lack of awareness on the technological front and lack of availability of technical competency is likely to hinder the progress in the estimated time span.