Market Overview:
The global asphalt paving 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 paving machines in developing countries, owing to the growing infrastructure and construction activities. In addition, technological advancements in asphalt paving machines are also contributing to the growth of this market. Based on type, small-sized asphalt paving machines are expected to dominate the global market during the forecast period from 2018 to 2030. This can be attributed to their low cost and easy maneuverability which makes them suitable for use in small construction projects.
Product Definition:
An asphalt paving machine is a large, heavy vehicle used to lay asphalt on roads. It has a large hopper that holds the asphalt, and a series of drums that heat and spread the asphalt.
Small-sized Paving Width:
Small-sized paving width is a term used for measuring the distance between the parallel surfaces of two adjacent tires on a vehicle. The small-sized paving width is an important factor to be considered while selecting as well as designing asphalt pavers. The selection of proper size and type of pavers entirely depends upon the traffic volume, surface area required, and safety requirements.
Medium-sized Paving Width:
The medium-sized paving width is the average width of a strip that can be laid in a given time with an asphalt roller. The size of the paving block depends on the weight of material used and type of surface to be paved. A standard American football field takes about one minute and forty seconds to lay, which means that it requires eight blocks or 40 feet (12 meters) worth of rolling stock.
Application Insights:
The highway 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 government expenditure on road infrastructure development across various countries, including China, India and Australia.
Highway construction activities are also carried out during emergencies or natural disasters when normal operations are disrupted temporarily. Asphalt paving machines help in reducing traffic congestion on city roads by providing smooth paved surface for vehicles without requiring much preparation work before laying asphalt pavementting materials such as surfacing equipment, compacted soil removal etc., which helps reduce construction time significantly while saving costs as well as resources required for its maintenance subsequently boosting product demand further driving the global asphalt paving machines market growth over the forecast period.
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 taking place owing to rapid urbanization, increasing population, and rising standards of living. This is likely to drive product demand in the region over the next eight years.
The growing need for infrastructure development across emerging economies including China and India are expected to be major factors driving product demand in Asia Pacific as well as Latin America regions during the forecast period. In addition, favorable government regulations aimed at promoting investments through public-private partnerships are anticipated to fuel paving machine sales over this period.
Growth Factors:
- Increasing demand for asphalt paving machines from the construction sector as a result of increasing infrastructure development activities across the globe.
- Rising demand for asphalt paving machines from the transportation sector due to increasing number of road projects worldwide.
- Growing adoption of asphalt paving machines in developing countries owing to their low cost and easy operability compared to other types of pavement construction equipment.
- Technological advancements in asphalt paving machine design and features that offer better performance, efficiency, and durability than older models.
Scope Of The Report
Report Attributes
Report Details
Report Title
Asphalt Paving Machines Market Research Report
By Type
Small-sized Paving Width, Medium-sized Paving Width, Large-sized Paving Width
By Application
Highway, Urban Road, Others
By Companies
Volvo, CAT, Roadtec, SANY, VOGELE, TEREX, LEEBOY, ATLAS COPCO, CMI, BOMAG, Volvo, Zoomlion
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Asphalt Paving Machines Market Report Segments:
The global Asphalt Paving Machines market is segmented on the basis of:
Types
Small-sized Paving Width, Medium-sized Paving Width, Large-sized Paving Width
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
Highway, Urban Road, 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:
- Volvo
- CAT
- Roadtec
- SANY
- VOGELE
- TEREX
- LEEBOY
- ATLAS COPCO
- CMI
- BOMAG
- Volvo
- Zoomlion
Highlights of The Asphalt Paving 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:
- Small-sized Paving Width
- Medium-sized Paving Width
- Large-sized Paving Width
- By Application:
- Highway
- Urban Road
- 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 Paving 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 paving machines are used to lay asphalt pavement. They use a rotating drum to spread the asphalt evenly over the surface.
Some of the major players in the asphalt paving machines market are Volvo, CAT, Roadtec, SANY, VOGELE, TEREX, LEEBOY, ATLAS COPCO, CMI, BOMAG, Volvo, Zoomlion.
The asphalt paving machines market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Asphalt Paving 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 Paving Machines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Asphalt Paving 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 Paving 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 Paving Machines Market Size & Forecast, 2018-2028
4.5.1 Asphalt Paving Machines Market Size and Y-o-Y Growth
4.5.2 Asphalt Paving Machines Market Absolute $ Opportunity
Chapter 5 Global Asphalt Paving 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 Paving Machines Market Size Forecast by Type
5.2.1 Small-sized Paving Width
5.2.2 Medium-sized Paving Width
5.2.3 Large-sized Paving Width
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Asphalt Paving 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 Paving Machines Market Size Forecast by Applications
6.2.1 Highway
6.2.2 Urban Road
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Asphalt Paving 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 Paving 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 Paving Machines Analysis and Forecast
9.1 Introduction
9.2 North America Asphalt Paving 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 Paving Machines Market Size Forecast by Type
9.6.1 Small-sized Paving Width
9.6.2 Medium-sized Paving Width
9.6.3 Large-sized Paving Width
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 Paving Machines Market Size Forecast by Applications
9.10.1 Highway
9.10.2 Urban Road
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 Asphalt Paving Machines Analysis and Forecast
10.1 Introduction
10.2 Europe Asphalt Paving 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 Paving Machines Market Size Forecast by Type
10.6.1 Small-sized Paving Width
10.6.2 Medium-sized Paving Width
10.6.3 Large-sized Paving Width
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 Paving Machines Market Size Forecast by Applications
10.10.1 Highway
10.10.2 Urban Road
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 Asphalt Paving Machines Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Asphalt Paving 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 Paving Machines Market Size Forecast by Type
11.6.1 Small-sized Paving Width
11.6.2 Medium-sized Paving Width
11.6.3 Large-sized Paving Width
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 Paving Machines Market Size Forecast by Applications
11.10.1 Highway
11.10.2 Urban Road
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 Asphalt Paving Machines Analysis and Forecast
12.1 Introduction
12.2 Latin America Asphalt Paving 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 Paving Machines Market Size Forecast by Type
12.6.1 Small-sized Paving Width
12.6.2 Medium-sized Paving Width
12.6.3 Large-sized Paving Width
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 Paving Machines Market Size Forecast by Applications
12.10.1 Highway
12.10.2 Urban Road
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) Asphalt Paving Machines Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Asphalt Paving 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 Paving Machines Market Size Forecast by Type
13.6.1 Small-sized Paving Width
13.6.2 Medium-sized Paving Width
13.6.3 Large-sized Paving Width
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 Paving Machines Market Size Forecast by Applications
13.10.1 Highway
13.10.2 Urban Road
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 Paving Machines Market: Competitive Dashboard
14.2 Global Asphalt Paving Machines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Volvo
14.3.2 CAT
14.3.3 Roadtec
14.3.4 SANY
14.3.5 VOGELE
14.3.6 TEREX
14.3.7 LEEBOY
14.3.8 ATLAS COPCO
14.3.9 CMI
14.3.10 BOMAG
14.3.11 Volvo
14.3.12 Zoomlion
