Market Overview:
The global asphalt plants market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for asphalt from the road construction sector, and other applications such as airport runways, parking lots, and industrial sites. In terms of type, the market is segmented into below 240t/h, 240t/h-320t/h, and above 320t/h segments. The below 240t/h segment is expected to account for a major share of the global asphalt plants market in 2018 owing to its low cost and easy installation. However, with increasing demand for high-quality asphalt products from various end-use industries such as road construction and airport runway construction sectors; there is an increase in demand for high capacity asphalt plants which are capable of producing more than 320 tph output per hour.
Product Definition:
Asphalt plants are important because they produce the asphalt that is used to pave roads.
Below 240t/h:
Below 240t/h is a significant speed for asphalt plants. It's the lowest attainable operating rate of an asphalt plant without compromising the quality of product output. The growth factor below 240t/h is directly proportional to increased productivity and reduced cost per ton of finished product, which makes it more competitive in the global market.
240t/h-320t/h:
240t/h-320t/h is the highest capacity asphalt plant that can be operated with a 12 hours shift. It produces 320 t/ha of finished product which is high compared to other plants operating at 80% capacity.
The 240t/h-320t/h plant has advanced control systems and technologies, which help in producing high quality asphalt with less fuel consumption and maximum production output.
Application Insights:
The road construction application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Road construction activities are likely to witness growth owing to rising demand for asphalt mix as it helps in reducing traffic congestion on roads by improving vehicle maneuverability and traction, thereby enhancing road safety.
Road constructions play an important role in enabling trade between countries through efficient logistics networks that reduce transportation costs and increase profit margins of businesses operating within the value chain of a particular industry or sector. As a result, there is an increased focus on developing infrastructure facilities along with improved connectivity across various regions globally which will eventually drive product demand over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of construction activities owing to growing population, which requires road infrastructure development. This factor is anticipated to drive demand for asphalt plants in the region.
The Middle East & Africa (MEA) segment is projected to grow at a significant rate over the forecast period owing to increasing government investments and favorable regulations aimed at promoting private sector participation in various sectors including energy, transportation, etc., thereby driving industry growth. In addition, rapid urbanization coupled with rising disposable income will augment regional product demand further.
Europe accounted for more than 20% of revenue share in 2017 on account of high consumption rates observed during construction activities on account of growing need for residential buildings as well as road infrastructure expansion due to increasing passenger traffic resulting from tourism-oriented economy.
Growth Factors:
- Increasing demand for asphalt from the construction industry as a result of growth in infrastructure development activities across the globe.
- Rising demand for asphalt from the transportation sector due to increasing road and highway networks across the world.
- Growing use of asphalt in airport runway construction and maintenance projects owing to its superior properties such as high strength, low weight, and resistance to wear and tear.
- Increasing popularity of asphalt pavements among municipalities due to their longer life span as compared to traditional pavements made up of concrete or bricks & mortar.
Scope Of The Report
Report Attributes
Report Details
Report Title
Asphalt Plants Market Research Report
By Type
Below 240t/h, 240t/h-320t/h, Above 320t/h
By Application
Road Construction, Other Application
By Companies
MARINI, Ammann, Lintec, WIRTGEN, Astec, Nikko, Sany, Tietuo Machinery, XRMC, Roady, GP Günter Papenburg, Yalong, Liaoyang Road Construction Machinery, Luda, Xinhai, Tanaka Iron Works, SPECO, Huatong Kinetics, NFLG, Southeast Construction Machinery, Yima, Jilin Road Construction Machinery, Zoomlion, D&G Machinery, speedcrafts, Capious Roadtech, Atlas Industries, SHITLA Road Equipment
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Asphalt Plants Market Report Segments:
The global Asphalt Plants market is segmented on the basis of:
Types
Below 240t/h, 240t/h-320t/h, Above 320t/h
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Road Construction, Other Application
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MARINI
- Ammann
- Lintec
- WIRTGEN
- Astec
- Nikko
- Sany
- Tietuo Machinery
- XRMC
- Roady
- GP Günter Papenburg
- Yalong
- Liaoyang Road Construction Machinery
- Luda
- Xinhai
- Tanaka Iron Works
- SPECO
- Huatong Kinetics
- NFLG
- Southeast Construction Machinery
- Yima
- Jilin Road Construction Machinery
- Zoomlion
- D&G Machinery
- speedcrafts
- Capious Roadtech
- Atlas Industries
- SHITLA Road Equipment
Highlights of The Asphalt Plants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 240t/h
- 240t/h-320t/h
- Above 320t/h
- By Application:
- Road Construction
- Other Application
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Asphalt Plants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Asphalt plants are used to produce asphalt, a type of blacktop. The plant extracts oil and gas from the ground, then separates the oil and gas liquids. The liquid oils are heated until they turn into asphalt.
Some of the major players in the asphalt plants market are MARINI, Ammann, Lintec, WIRTGEN, Astec, Nikko, Sany, Tietuo Machinery, XRMC, Roady, GP GƒÂ¼nter Papenburg, Yalong, Liaoyang Road Construction Machinery, Luda, Xinhai, Tanaka Iron Works, SPECO, Huatong Kinetics, NFLG, Southeast Construction Machinery, Yima, Jilin Road Construction Machinery, Zoomlion, D&G Machinery, speedcrafts, Capious Roadtech, Atlas Industries, SHITLA Road Equipment.
The asphalt plants market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Asphalt Plants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Asphalt Plants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Asphalt Plants Market - Supply Chain
4.5. Global Asphalt Plants Market Forecast
4.5.1. Asphalt Plants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Asphalt Plants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Asphalt Plants Market Absolute $ Opportunity
5. Global Asphalt Plants Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Asphalt Plants Market Size and Volume Forecast by Type
5.3.1. Below 240t/h
5.3.2. 240t/h-320t/h
5.3.3. Above 320t/h
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Asphalt Plants Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Asphalt Plants Market Size and Volume Forecast by Application
6.3.1. Road Construction
6.3.2. Other Application
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Asphalt Plants Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Asphalt Plants Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Asphalt Plants Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Asphalt Plants Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Asphalt Plants Demand Share Forecast, 2019-2026
9. North America Asphalt Plants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Asphalt Plants Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Asphalt Plants Market Size and Volume Forecast by Application
9.4.1. Road Construction
9.4.2. Other Application
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Asphalt Plants Market Size and Volume Forecast by Type
9.7.1. Below 240t/h
9.7.2. 240t/h-320t/h
9.7.3. Above 320t/h
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Asphalt Plants Demand Share Forecast, 2019-2026
10. Latin America Asphalt Plants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Asphalt Plants Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Asphalt Plants Market Size and Volume Forecast by Application
10.4.1. Road Construction
10.4.2. Other Application
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Asphalt Plants Market Size and Volume Forecast by Type
10.7.1. Below 240t/h
10.7.2. 240t/h-320t/h
10.7.3. Above 320t/h
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Asphalt Plants Demand Share Forecast, 2019-2026
11. Europe Asphalt Plants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Asphalt Plants Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Asphalt Plants Market Size and Volume Forecast by Application
11.4.1. Road Construction
11.4.2. Other Application
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Asphalt Plants Market Size and Volume Forecast by Type
11.7.1. Below 240t/h
11.7.2. 240t/h-320t/h
11.7.3. Above 320t/h
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potental Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Asphalt Plants Demand Share, 2019-2026
12. Asia Pacific Asphalt Plants Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Asphalt Plants Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Asphalt Plants Market Size and Volume Forecast by Application
12.4.1. Road Construction
12.4.2. Other Application
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Asphalt Plants Market Size and Volume Forecast by Type
12.7.1. Below 240t/h
12.7.2. 240t/h-320t/h
12.7.3. Above 320t/h
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Asphalt Plants Demand Share, 2019-2026
13. Middle East & Africa Asphalt Plants Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Asphalt Plants Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Asphalt Plants Market Size and Volume Forecast by Application
13.4.1. Road Construction
13.4.2. Other Application
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Asphalt Plants Market Size and Volume Forecast by Type
13.7.1. Below 240t/h
13.7.2. 240t/h-320t/h
13.7.3. Above 320t/h
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Asphalt Plants Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Asphalt Plants Market: Market Share Analysis
14.2. Asphalt Plants Distributors and Customers
14.3. Asphalt Plants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. MARINI
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ammann
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lintec
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. WIRTGEN
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Astec
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nikko
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sany
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tietuo Machinery
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. XRMC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Roady
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. GP Günter Papenburg
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Yalong
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Liaoyang Road Construction Machinery
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Luda
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Xinhai
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Tanaka Iron Works
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. SPECO
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Huatong Kinetics
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. NFLG
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Southeast Construction Machinery
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
