Fortune business insights recently published a detailed market research study focused on the “The Asphalt Pavers Market Report by 2024” delivering key insights and providing a competitive advantage to clients through a detailed report. This report delves deeply into segmentation and definition, providing a clear understanding of market components and drivers.
"Asphalt Pavers Market Size, Share & Industry Analysis, By Type (Track pavers, Wheel pavers & Screeds), By Pavement Width (Less than 2.5 Meters, 2.5 – 5 Meters & More than 5 Meters), and Regional Forecast, 2019-2032"
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The global Asphalt pavers market size was valued at USD 2.06 billion in 2018 and is projected to reach USD 3.72 billion by the end of 2032, exhibiting a CAGR of 4.3% during the forecast period.
The competitive landscape of the market for asphalt pavers market is determined by assessing the major industry participants, production capacity, production capacity utilization rate, asphalt pavers market’s production chain, pricing by each manufacturer and the revenue generated by each manufacturer in the asphalt pavers market globally.
Top key players of asphalt pavers market:
- AB Volvo
- Fayat Group
- Caterpillar
- Astec Industry
- XCMG Construction Machinery Company
- AMMANN GROUP
- Zoomlion
- AUNG HEIN MIN CO., LTD.
- SANY GROUP
- Deere & Company
Market atributes:
| Report Componant | Aspects |
| Forecast Period | 2018-2032 |
| Projected market valuve 2018 | USD 2.06 billion |
| Forecasted market valuve 2032 | USD 3.72 billion |
| Compound Annual Growth Rate | 4.3 |
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Drivers and restraints:
- Drivers:
- Growing Infrastructure Development: Increased investments in road construction, highways, and urban infrastructure drive demand for asphalt pavers.
- Technological Advancements: Innovations such as improved paving technology, better fuel efficiency, and automation enhance the performance and efficiency of asphalt pavers.
- Rising Urbanization: Rapid urbanization and expansion of cities require efficient paving solutions for new road networks and surface improvements.
- Government Initiatives: Government-funded infrastructure projects and public works initiatives boost the demand for asphalt pavers.
- Focus on Road Maintenance: The increasing need for road maintenance and resurfacing drives the market for advanced asphalt paving equipment.
- Restraints:
- High Initial Cost: The significant capital investment required for purchasing asphalt pavers can be a barrier for smaller contractors and businesses.
- Maintenance and Operating Expenses: Ongoing maintenance and high operational costs, including fuel and labor, can impact the overall cost of ownership.
- Economic Fluctuations: Economic downturns and fluctuations in infrastructure budgets can affect demand for new asphalt pavers.
- Regulatory Compliance: Compliance with stringent environmental and safety regulations can increase operational costs and complexity.
- Competition from Alternative Technologies: The emergence of alternative paving technologies and materials may influence market growth and demand for traditional asphalt pavers.
Regional analysis:
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, and Rest of Europe)
- Asia Pacific (China, Japan, India, Southeast Asia, and Rest of Asia Pacific)
- Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)
- Latin America (Brazil, Mexico, and Rest of Latin America)
Table of Content :
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Merger, Acquisitions, and Partnerships
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Developments
- Value Chain Analysis
TOC Continued…!
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Key industry developments:
- Deere & Company acquired Wirtgen Group. This acquisition will result in enhanced construction equipment offering of Deere’s already established portfolio.
- Dynapac of Fayat Group upgraded commercial class pavers range with the new FC1700C, FC1300 II and FC1400 II. These pavers are certified with EPA Tier 4 Final qualified emissions regulations.
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Key questions are answer in this report:
- What is the market size of asphalt pavers market 2024?
- Who are top key players in this report?
- what are drivers in the asphalt pavers industry?
- what is the future projection of asphalt pavers industry?