Rapid Urbanization Paving The Smooth Track For Global Asphalt Pavers Market Growth

By Goldstein Market Intelligence || 2018-10-17 11:17:53 AM

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Global Asphalt Pavers Market

Industry Overview

According to Goldstein Research, “Rising urbanization and rapidly expanding the network of asphalt paved roads across the globe has significantly augmented the demand for asphalt pavers.” Asphalt pavers market is swiftly growing in developing countries as the construction of asphalt roads are aggressively taking place to connect to remote areas with the cities and to provide efficient and faster movement of goods on the roads.

Global Asphalt Pavers Market Outlook 2024

The global Asphalt Pavers Market is segmented based on technology, by product and by paving widths. The product type is further bifurcated into wheeled asphalt pavers and tracked asphalt pavers. The market size for wheeled asphalt pavers of paving width 5-7 m is highest and the wheeled pavers are expected to maintain its dominance in the market over the forecast period.

Goldstein Research estimates the global asphalt pavers market to grow at a CAGR of around 4.2% during the forecast period. Rapid urbanization has led to the amplified demand for infrastructure development projects like the construction of roads, airports, parking areas and megacities. This enlarged need for better infrastructure facilities will spur progression in the asphalt pavers market during the forecast period.

Browse Full Report: Asphalt Pavers Market

Asia-Pacific is the largest region for asphalt pavers market in 2016 and is expected to dominate the market during the forecast period of 2016-2024. China is expected to dominate the asphalt pavers market followed by India due to large city road and freeways construction in these countries. Moreover, with new projects getting from approval stage to implementation in the region, there is a positive outlook in the direction of overall business and industry growth.

Growing Demand for Senor Pavers

Sensors pavers play a significant role in getting the accurate levels and grades when constructing the roads. The final quality of the paved road depends to a great extent on the precision delivered by these pavers, in addition to the blend quality and temperature at which it is laid and paving is done. Advanced pavers are designed for an easy transportation in trucks or trailers with the hydraulically extendable screed, which provides the use of the same machine for various conditions. This feature of new machines is the major factor for the growth of asphalt pavers market.

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“Global Asphalt Pavers Market Outlook 2024” contains a detailed overview of the global asphalt pavers market in terms of market segmentation by technology, by product and by paving widths.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Global Asphalt PaversMarket Report also provides a competitive outlook of some of the major players which includes profiling of companies such as Ammann Group, Atlas Copco AB, Bomag GmbH, Caterpillar, Roadtech Inc., Romanelli etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global asphalt pavers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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