Market Overview:
The global pavement planers 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 pavements in road construction and public engineering applications. In terms of type, the wheeled segment is expected to dominate the market during the forecast period, owing to its low cost and easy maneuverability. However, with technological advancements, tracked pavement planers are gaining popularity as they offer high precision and accuracy while working on uneven surfaces.
Product Definition:
Pavement planers are machines that shave off the top layer of a paved surface, such as a road or parking lot, to create a smooth and even surface. They are often used before resurfacing or repaving to get rid of bumps and irregularities in the pavement.
Wheeled:
Wheeled planers are used for removing snow and ice from pavements. It is a mechanical device which consists of two parallel surfaces, usually made up of metal or plastic, with wheels at the bottom. The device functions by pushing the snow/ice to one side as it rolls over the top surface while grinding through obstacles in its path.
The global market for wheeled pavement planers was valued at USD 1,849 million in 2016.
Tracked:
Tracked vehicles are self-propelled, motorized earthmoving equipment that follow a marked track across the ground. They are used for various applications such as landfilling, surface mining and excavation, loading and unloading of materials on construction sites or public roads. The tracked vehicle’s wheels rest on two or four sets of tracks mounted to low pressure tires which in turn provide the traction necessary to move the vehicle forward along with digging/raking action.
Application Insights:
The road construction application segment accounted for the largest revenue share of over 40% in 2017. The rising need to construct roads in developing countries including India, China and Brazil is expected to remain a prominent factor driving the demand for planers over the forecast period.
The public engineering segment is anticipated to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to increasing investments by governments in infrastructure development across various regions including Asia Pacific and Middle East & Africa. In addition, favorable government policies such as ¢â‚¬Å“Paveway¢â‚¬ program implemented by several countries including Australia and New Zealand are likely to boost product demand further.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid development in road infrastructure coupled with increasing government spending on public works in China and India. In addition, rising population and growing consumer disposable income levels are likely to drive demand over the forecast period.
The construction industry is poised for growth due to various factors such as rising population, urbanization, infrastructural developments along with an increase in foreign investments across emerging economies of Asia Pacific region will boost product demand over the forecast period.
North America was valued at USD X million in 2017 and it accounted for 17% of global market share owing to high investment by governments towards infrastructure development activities particularly within U.S.
Growth Factors:
- Increasing demand for better infrastructure: The increasing population and the consequent increase in the number of vehicles has led to a rise in the demand for better infrastructure, including pavements. This is expected to drive the growth of the pavement planers market.
- Rising awareness about benefits of pavement planers: The benefits of using pavement planers such as improved surface finish, reduced noise levels, and longer life of pavements are being increasingly recognized by both consumers and governments worldwide. This is likely to fuel the growth of this market in coming years.
- Technological advancements: Pavement planers manufacturers are constantly innovating their products with new features and technologies that offer enhanced performance and efficiency. This is likely to spur demand for these machines in future years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pavement Planers Market Research Report
By Type
Wheeled, Tracked
By Application
Road Construction, Public Engineering, Other
By Companies
WIRTGEN, Caterpillar, Bomag, SAKAI HEAVY INDUSTRIES, LTD., XCMG, Dynapac, RoadTec, Sany, CMI Roadbuilding, Liugong Machinery, Shantui, 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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Pavement Planers Market Report Segments:
The global Pavement Planers market is segmented on the basis of:
Types
Wheeled, Tracked
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, Other
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
- Bomag
- SAKAI HEAVY INDUSTRIES, LTD.
- XCMG
- Dynapac
- RoadTec
- Sany
- CMI Roadbuilding
- Liugong Machinery
- Shantui
- XGMA
Highlights of The Pavement Planers 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
- Tracked
- By Application:
- Road Construction
- Public Engineering
- Other
- 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 Pavement Planers 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
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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?
Pavement planers are machines that remove the surface of a pavement to create a smooth, even surface. They are used in commercial and residential settings to improve the appearance of roads and sidewalks.
Some of the major companies in the pavement planers market are WIRTGEN, Caterpillar, Bomag, SAKAI HEAVY INDUSTRIES, LTD., XCMG, Dynapac, RoadTec, Sany, CMI Roadbuilding, Liugong Machinery, Shantui, XGMA.
The pavement planers 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 Pavement Planers 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 Pavement Planers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pavement Planers 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 Pavement Planers 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 Pavement Planers Market Size & Forecast, 2020-2028
4.5.1 Pavement Planers Market Size and Y-o-Y Growth
4.5.2 Pavement Planers 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
5.2.2 Tracked
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 Public Engineering
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pavement Planers 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 Pavement Planers 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
9.6.2 Tracked
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 Public Engineering
9.10.3 Other
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
10.6.2 Tracked
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 Public Engineering
10.10.3 Other
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
11.6.2 Tracked
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 Public Engineering
11.10.3 Other
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
12.6.2 Tracked
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 Public Engineering
12.10.3 Other
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
13.6.2 Tracked
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 Public Engineering
13.10.3 Other
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 Pavement Planers Market: Competitive Dashboard
14.2 Global Pavement Planers 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 Bomag
14.3.4 SAKAI HEAVY INDUSTRIES, LTD.
14.3.5 XCMG
14.3.6 Dynapac
14.3.7 RoadTec
14.3.8 Sany
14.3.9 CMI Roadbuilding
14.3.10 Liugong Machinery
14.3.11 Shantui
14.3.12 XGMA
