ROCKVILLE, Maryland, November 6, 2018 / PRNewswire / –
The expansion of the sales network in the emerging countries is one of the most important strategies of asphalt paver manufacturers.
According to estimates by Fact.MR, the asphalt paver market will see sales of over 34,600 units in 2018, a slight increase compared to 2017. The overall growth of the market will be driven by:
- Use of predictive maintenance systems in construction machinery to avoid downtime and reduce operating costs
- Improved fleet management with various financing and acquisition options
- Development of efficient asphalt pavers with improved screed operation and agile paving width
Fact.MR shows that the expansion and improvement of the road infrastructure are the main reasons for the sales of asphalt pavers in the construction machinery market. Airport paving projects are another prominent asphalt paver consumer, with construction machinery manufacturers focused on sourcing major projects.
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North America APEJ is making rapid strides to generate more than a fifth of sales
Sales of asphalt pavers in North America are routed in by the extensive and longest road infrastructure The United States. Fact.MR study appreciates that North America will report a large part of the global demand for asphalt pavers in 2018.
Europe will follow exactly North America With regard to volume sales in 2018. The Fact.MR study assumes that APEJ will continue to record a significant increase in sales of 4.9% compared to the previous year in 2018 compared to 2017.
“The increasing emphasis on extending the life of existing road and highway infrastructure and increasing public and private investment are major factors fueling demand for asphalt pavers. As construction companies compete for lower operating costs and higher productivity, the paver market has seen its adoption of some of the great, high-performance asphalt paver models over the past half decade, “says a senior analyst at Fact.MR.
The study shows that tracked pavers will hold over 73% of the market share in 2018, with asphalt road and airport paving projects strongly favoring tracked pavers over wheeled pavers. Pavers continue to see steady demand, especially for paving applications or paving projects on city or city streets.
The demand for hydrostatic screed continues to grow among the end users of asphalt pavers because of its superior function of providing an even screed across the road surface. The study estimates that the sales of asphalt pavers with hydrostatic screed will hold over two thirds of the share in 2018.
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Asphalt paver with 1.52.5 m Pavement width over two fifths of sales in 2017
Pavement width and operating weight are two of the outstanding features that, according to Fact.MR, are of decisive importance for construction companies when optimizing investments. The study estimates that screeds with a pavement width of 1.5 to 2.5 meters are in great demand due to the low engine power and the low economic benefit and will account for over 40% of total sales by the end of 2018.
Due to the increasing number of megaprojects in developing countries, Fact.MR plans that asphalt pavers with a pavement width of more than 5 meters will experience rapid expansion.
Asphalt pavers with an operating weight of 8,000 to 12,000 kg are also preferred, as this range of operating weight, according to the study, enables cost-effective operation during the entire construction project. Asphalt pavers with an operating weight of 8000-12000 kg will experience moderate growth from 2017 to 2018.
In the consolidated landscape of the construction machinery industry, the asphalt paver market dominates the dominance of a handful of market players, with Fact.MR’s assessment showing that tier 1 companies hold over 64% of the total market share.
Sourcing large projects remains a key strategy for Tier 1 companies in the asphalt paver market. For example, at New Istanbul Airport, the world’s largest airport project, a construction machinery fleet of over 50 machines from the Wirtgen Group is in use. Another example is Dynapac, which uses a fleet of Dynapac machines from Kuwaits largest construction company Galfar Engineering and Contracting to support road and infrastructure projects in Kuwait.
The Fact.MR report tracks the Asphalt Pavers market for the period 2018-2028. According to the report, the asphalt paver market is expected to grow steadily, with an annual growth rate of over 3% through 2028.
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Fact.MR is a fast growing market research company that offers the most comprehensive suite of syndicated and bespoke market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limits of the one-size-fits-all approach. That’s why we publish cross-industry global, regional and country-specific research reports.
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