Asphalt Pavers Market To Reach US $ 2.77 Billion By 2026; Increasing infrastructure initiatives to drive growth, according to Fortune Business Insights
Pune, December 06, 2019 (GLOBE NEWSWIRE) – The global asphalt paver market size is expected to reach USD 2.77 billion by 2026 with a CAGR of 4.4% over the forecast period. One of the main reasons for the growth of the market is the development of roads and infrastructure. Recycled Asphalt Pavement (RAP) has been used extensively for more than 30 years, and RAP is America’s most recycled product for the tenth consecutive year, according to the Virginia Asphalt Association. In addition, nearly 100 million tons of RAP are recycled to new asphalt pavement in the US every year. The entire asphalt binder and aggregate is returned to the mix as an asphalt binder and aggregate.
According to the report published by Fortune Business Insightswith the title “Asphalt paver market Size, share and industry analysis, by type (rail paver, wheeled paver and screed), by lane width (less than 2.5 meters, 2.5 – 5 meters and more than 5 meters) and regional forecast, 2019-2026 “the market size The report provides an exceptional summary of the Asphalt Pavers market trends. It draws attention to the latest developments in the market and provides statistical data on them, as well as market drivers and market restrictions. Acquisitions and mergers started by key players in the market are explained in detail. In addition, it offers excellent insight into the prevailing trends in the market.
Browse the full report details with table of contents and illustrations:
Increasing infrastructure initiatives to accelerate growth
Increasing investment by the public and private sectors in infrastructure development in emerging markets will support market growth for the foreseeable future. The robust growth of the automotive industry will lead to an increase in the market share of asphalt pavers in the forecast period. The increasing initiatives by local and state authorities to build better roads will continue to allow the market to grow. The continued development of the design and production of machines by manufacturers to meet demand will continue to fuel growth. In addition, manufacturers are establishing innovative paving materials such as stone matrix asphalt (SMA), Open Graded Friction Course (OGFC) and Superpave to improve the environment for the workforce on the pavement and thus improve efficiency. These factors and trends together drive market growth.
Dynapac’s introduction of commercial grade pavers will drive growth
Dynapac North America announced the upgrade of the paver commercial class with the new FC1700C, FC1300 II and FC1400 II. The new pavers are equipped with EPA Tier 4 Final certified engines that meet emissions regulations and offer new features that take the Dynapac commercial class paver line to the next level. The introduction of improved commercial class pavers should stimulate the market due to their controls, which are more intuitive and also include individual color displays on both consoles. In addition, manufacturers are concentrating on building their plants in emerging and developing countries in order to maintain their market share. These economies are proving to be inexpensive and high performing regions for businesses because of their abundance of resources and associated with government initiatives to increase market revenue.
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Promote infrastructure development to increase growth in North America
Significant growth is forecast for North America due to the presence of the key players in the region. The Asia-Pacific region achieved sales of USD 0.42 billion in 2018 and is expected to dominate the market in the forecast period due to the rapid development in countries such as India and China. In addition, established and progressive infrastructure development in Europe will lead to sales opportunities for the market.
The list of the leading companies in the Global Asphalt Pavers Market is:
- AB Volvo
- Fayat Group
- Astec Industry
- XCMG Construction Machinery Company
- AMMANN GROUP
- AUNG HEIN MIN CO., LTD.
- SANY GROUP
- Deere & Company
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Table of Contents:
- Definition according to segments
- Research approach
- Market dynamics
- Drivers, Limitations, and Opportunities
- New trends
- Important insights
- Macro and microeconomic indicators
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Forces Analysis
- Global Asphalt Pavers Market Analysis, Insights, and Forecasts, 2015-2026
- Main results / summary
- Market Size Estimates and Forecasts – By Type (Value)
- Road paver
- Wheeled paver
- Market size estimates and forecasts – by lane width (value)
- Less than 2.5 meters
- 2.5 – 5 meters
- More than 5 meters
- Market analysis, insights and forecasts – by region (value)
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Continuation .. !!!
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(Check out the trend reports in the machinery and equipment industry.)
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