Market Overview:
The global asphalt milling machines 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 milling machines for road construction and public engineering applications. In terms of type, the wheeled asphalt milling machines segment is expected to dominate the market during the forecast period, owing to its high demand from developed countries such as North America and Europe. However, in terms of CAGR, the tracked asphalt milling machines segment is expected to grow at a higher rate than other segments during the forecast period.
Product Definition:
An asphalt milling machine is a construction equipment used for the removal of surface asphalt, leaving a clean and level surface. It is an important piece of equipment for any roadwork or construction project that involves paving or resurfacing.
Wheeled Asphalt Milling Machines:
Wheeled asphalt milling machines are used to remove the surface layer of asphalt and concrete. The process is known as chip sealing or chippeling. It's done for several reasons such as to reduce the maintenance cost, improve safety and prevent traffic accidents, increase lifespan of a road, reduce noise & vibrations on roads & decrease carbon footprint due to less fuel consumption during operation.
The factors that propel market growth include increasing demand from developing countries like India China etc.
Tracked Asphalt Milling Machines:
Tracked asphalt milling machines are used to remove the surface layer of asphalt and concrete from a construction site. The machine consists of two rollers, which are mounted on rails. Asphalt is spread over these rollers to be removed. To prevent the material from sticking, it is tracked through a cleaning solution that contains oil and abrasive grains like sand or gravel. This removes the surface layer of both surfaces at once without damaging any underlying materials or structures.
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 milling machines in various road construction projects across the globe, including widening of roads, repair & maintenance of roads and bridges, etc.
Public engineering was another prominent segment accounting for a significant market share in 2017 owing to extensive use of paved surfaces such as walkways and driveways on account of high durability and cost-effectiveness compared to natural stone paving surfaces or concrete slabs. Moreover, rising consumer preference for outdoor seating areas with mature landscaping is expected to boost product demand from public engineering applications over the next eight years. Increasing urbanization has resulted in increased spending on infrastructure development across emerging economies such as India China Brazil Japan Mexico Argentina South Africa etc.
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 public works and transport projects. In addition, growing industrialization across emerging economies of Asia Pacific has led to an increase in demand for construction materials including asphalt concrete mixers.
The Middle East & Africa region accounted for a revenue share of 14% in 2017 owing to rapid infrastructural developments supported by government initiatives aimed at boosting trade activities within countries as well as between them. In addition, oil rich nations are focusing on developing their transportation network which will leadto an increasein product adoption over the next eight years.
North America was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for asphalt milling machines in the construction and infrastructure industry as a result of increasing urbanization and development activities.
- Rising demand for asphalt milling machines from the mining and quarrying sector due to increasing extraction of minerals and stones.
- Increasing use of asphalt milling machines in the repair and rehabilitation of roads, highways, bridges, and other transportation infrastructure facilities.
- Growing demand for high-performance asphalt milling machines with advanced features and capabilities.
- Technological advancements in the design and manufacturing of asphalt milling machines that are helping to improve their performance, efficiency,and productivity
Scope Of The Report
Report Attributes
Report Details
Report Title
Asphalt Milling Machines Market Research Report
By Type
Wheeled Asphalt Milling Machines, Tracked Asphalt Milling Machines
By Application
Road Construction, Public Engineering
By Companies
Wirtgen, Caterpillar, XCMG, Bomag, Dynapac, RoadTec, CMI, Sany Group, Shantui, SAKAI HEAVY INDUSTRIES, LTD., Wirtgen, Xi'an Hongda, Kaiao, XGMA
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Asphalt Milling Machines Market Report Segments:
The global Asphalt Milling Machines market is segmented on the basis of:
Types
Wheeled Asphalt Milling Machines, Tracked Asphalt Milling Machines
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, Public Engineering
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:
- Wirtgen
- Caterpillar
- XCMG
- Bomag
- Dynapac
- RoadTec
- CMI
- Sany Group
- Shantui
- SAKAI HEAVY INDUSTRIES, LTD.
- Wirtgen
- Xi'an Hongda
- Kaiao
- XGMA
Highlights of The Asphalt Milling Machines 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 Asphalt Milling Machines
- Tracked Asphalt Milling Machines
- By Application:
- Road Construction
- Public Engineering
- 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 Machines 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 machines are used to produce small pieces of asphalt from a large block. The machine uses rotating blades to cut the asphalt into small pieces.
Some of the key players operating in the asphalt milling machines market are Wirtgen, Caterpillar, XCMG, Bomag, Dynapac, RoadTec, CMI, Sany Group, Shantui, SAKAI HEAVY INDUSTRIES, LTD., Wirtgen, Xi'an Hongda, Kaiao, XGMA.
The asphalt milling machines market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Asphalt Milling Machines 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 Machines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Asphalt Milling Machines 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 Machines 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 Machines Market Size & Forecast, 2018-2028
4.5.1 Asphalt Milling Machines Market Size and Y-o-Y Growth
4.5.2 Asphalt Milling Machines Market Absolute $ Opportunity
Chapter 5 Global Asphalt Milling Machines 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 Asphalt Milling Machines Market Size Forecast by Type
5.2.1 Wheeled Asphalt Milling Machines
5.2.2 Tracked Asphalt Milling Machines
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Asphalt Milling Machines 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 Asphalt Milling Machines Market Size Forecast by Applications
6.2.1 Road Construction
6.2.2 Public Engineering
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Asphalt Milling Machines 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 Machines 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 Asphalt Milling Machines Analysis and Forecast
9.1 Introduction
9.2 North America Asphalt Milling Machines 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 Asphalt Milling Machines Market Size Forecast by Type
9.6.1 Wheeled Asphalt Milling Machines
9.6.2 Tracked Asphalt Milling Machines
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 Asphalt Milling Machines Market Size Forecast by Applications
9.10.1 Road Construction
9.10.2 Public Engineering
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 Asphalt Milling Machines Analysis and Forecast
10.1 Introduction
10.2 Europe Asphalt Milling Machines 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 Asphalt Milling Machines Market Size Forecast by Type
10.6.1 Wheeled Asphalt Milling Machines
10.6.2 Tracked Asphalt Milling Machines
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 Asphalt Milling Machines Market Size Forecast by Applications
10.10.1 Road Construction
10.10.2 Public Engineering
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 Asphalt Milling Machines Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Asphalt Milling Machines 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 Asphalt Milling Machines Market Size Forecast by Type
11.6.1 Wheeled Asphalt Milling Machines
11.6.2 Tracked Asphalt Milling Machines
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 Asphalt Milling Machines Market Size Forecast by Applications
11.10.1 Road Construction
11.10.2 Public Engineering
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 Asphalt Milling Machines Analysis and Forecast
12.1 Introduction
12.2 Latin America Asphalt Milling Machines 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 Asphalt Milling Machines Market Size Forecast by Type
12.6.1 Wheeled Asphalt Milling Machines
12.6.2 Tracked Asphalt Milling Machines
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 Asphalt Milling Machines Market Size Forecast by Applications
12.10.1 Road Construction
12.10.2 Public Engineering
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) Asphalt Milling Machines Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Asphalt Milling Machines 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) Asphalt Milling Machines Market Size Forecast by Type
13.6.1 Wheeled Asphalt Milling Machines
13.6.2 Tracked Asphalt Milling Machines
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) Asphalt Milling Machines Market Size Forecast by Applications
13.10.1 Road Construction
13.10.2 Public Engineering
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 Machines Market: Competitive Dashboard
14.2 Global Asphalt Milling Machines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wirtgen
14.3.2 Caterpillar
14.3.3 XCMG
14.3.4 Bomag
14.3.5 Dynapac
14.3.6 RoadTec
14.3.7 CMI
14.3.8 Sany Group
14.3.9 Shantui
14.3.10 SAKAI HEAVY INDUSTRIES, LTD.
14.3.11 Wirtgen
14.3.12 Xi'an Hongda
14.3.13 Kaiao
14.3.14 XGMA
