Market Overview:
The global asphalt milling device market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for asphalt milling devices in the road construction and bridge engineering applications. On the basis of type, the global asphalt milling device market has been segmented into wheeled type and tracked type. The wheeled type segment is expected to account for a major share of the global market during the forecast period. This can be attributed to its high efficiency and low maintenance cost as compared to other types of asphalt milling devices. On the basis of application, the global asphalt milling device market has been segmented into road construction, bridge engineering, and others.
Product Definition:
An asphalt milling machine is a construction machine used to remove the surface of an asphalt pavement. It can also be used on concrete, brick or other masonry surfaces.
Wheeled Type:
The global wheeled type is a device used in asphalt milling for removing material from the surface of the earth. It is also known as a tracked vehicle or roller. The basic function of this equipment is to move soil, rock, etc., so that other equipment can cut into it and remove the desired material. There are different types of wheeled types available in the market based on their applications such as road construction & maintenance, mining & excavation and others like landscaping activities.
Tracked Type:
Tracked type is a device that follows the moving surface and cuts the material by rolling over it. It is widely used in asphalt milling devices for removing excess soil from construction sites, highways, airports etc. The tracked type can be further classified into wheel-mounted and crawler-mounted types.
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. The growth can be attributed to increasing demand for asphalt milled products in road construction activities across various regions, including Asia Pacific, North America and Europe.
Roads & highways are considered as one of the important infrastructure projects undertaken by governments at regional level as well as national level. As per United Nations (UN), there are currently more than 7 billion square meters of roads worldwide; out of which 544 million square meters were constructed globally in 2016 alone with an additionnal additionary annual capacity estimated around 100 million sqm up till 2019.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness significant growth owing to increasing road infrastructure development, coupled with rising government spending on transportation facilities. In addition, growing population and rapid urbanization are likely to drive demand for asphalt milled roads in this region.
The construction of new roads and highways has been a major concern for governments across Asia Pacific as it will help reduce travel time between two points, which would result in economic growth by reducing inventory costs for manufacturers of automotive vehicles or components among others. This factor is projected to boost product demand over the forecast period.
Growth Factors:
- Increasing demand for asphalt milling devices from the construction and infrastructure sectors as a result of rapid urbanization and industrialization.
- Rising adoption of asphalt milling devices in the mining sector to reduce the cost of extracting minerals.
- Growing demand for recycled asphalt pavement materials in developed countries to meet stringent environmental regulations.
- Technological advancements that have led to the development of more efficient and productive asphalt milling devices.
- increasing awareness about the benefits of using recycled asphalt pavement materials among construction companies, municipalities, and other end-users
Scope Of The Report
Report Attributes
Report Details
Report Title
Asphalt Milling Device Market Research Report
By Type
Wheeled Type, Tracked Type
By Application
Road Construction, Bridge Engineering, Others
By Companies
Caterpillar, Wirtgen, XCMG, Bomag, Sany Group, Dynapac, RoadTec, CMI, SAKAI HEAVY INDUSTRIES, LTD., LiuGong, Xi'an Hongda, Kaiao, Shantui
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Asphalt Milling Device Market Report Segments:
The global Asphalt Milling Device market is segmented on the basis of:
Types
Wheeled Type, Tracked Type
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, Bridge Engineering, Others
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:
- Caterpillar
- Wirtgen
- XCMG
- Bomag
- Sany Group
- Dynapac
- RoadTec
- CMI
- SAKAI HEAVY INDUSTRIES, LTD.
- LiuGong
- Xi'an Hongda
- Kaiao
- Shantui
Highlights of The Asphalt Milling Device 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:
- Wheeled Type
- Tracked Type
- By Application:
- Road Construction
- Bridge Engineering
- Others
- 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 Milling Device 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 Milling Device is a machine that uses rotating drums to break up and compact asphalt into small pieces.
Some of the key players operating in the asphalt milling device market are Caterpillar, Wirtgen, XCMG, Bomag, Sany Group, Dynapac, RoadTec, CMI, SAKAI HEAVY INDUSTRIES, LTD., LiuGong, Xi'an Hongda, Kaiao, Shantui.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Asphalt Milling Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Asphalt Milling Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Asphalt Milling Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Asphalt Milling Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Asphalt Milling Device Market Size & Forecast, 2020-2028
4.5.1 Asphalt Milling Device Market Size and Y-o-Y Growth
4.5.2 Asphalt Milling Device Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wheeled Type
5.2.2 Tracked Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Road Construction
6.2.2 Bridge Engineering
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Asphalt Milling Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Asphalt Milling Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wheeled Type
9.6.2 Tracked Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Road Construction
9.10.2 Bridge Engineering
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wheeled Type
10.6.2 Tracked Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Road Construction
10.10.2 Bridge Engineering
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wheeled Type
11.6.2 Tracked Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Road Construction
11.10.2 Bridge Engineering
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wheeled Type
12.6.2 Tracked Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Road Construction
12.10.2 Bridge Engineering
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wheeled Type
13.6.2 Tracked Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Road Construction
13.10.2 Bridge Engineering
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Asphalt Milling Device Market: Competitive Dashboard
14.2 Global Asphalt Milling Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar
14.3.2 Wirtgen
14.3.3 XCMG
14.3.4 Bomag
14.3.5 Sany Group
14.3.6 Dynapac
14.3.7 RoadTec
14.3.8 CMI
14.3.9 SAKAI HEAVY INDUSTRIES, LTD.
14.3.10 LiuGong
14.3.11 Xi'an Hongda
14.3.12 Kaiao
14.3.13 Shantui
