Asphalt pavers are the equipment that is used to place asphalt on the roads, bridges, parking lots, etc. Increasing constructional activity worldwide coupled with the heavy expenditure on the road and highway maintenance drives the growth of the asphalt paver market. Moreover, increasing focus on developing energy-efficient, user-friendly, and low-emission construction equipment also positively impacts the growth of the asphalt paver market.
MARKET DYNAMICS
Rapid expansion of highways, expansions of road networks in rural areas, an increasing number of mega highways projects across the globe is the prime factor driving the growth of the asphalt paver market during the forecast period. Growing urbanization, continuously rising road traffic will require continuous construction and improvement of roads, highways in ruler as well as an urban area that also influences the asphalt paver market growth. Furthermore, a rise in spending by the government on infrastructural development is expected to fuel the demand for the asphalt paver market.
MARKET SCOPE
The "Global Asphalt Paver Market Analysis to 2028"? is a specialized and in-depth study of the asphalt paver industry with a special focus on the global market trend analysis. The report aims to provide an overview asphalt paver market with detailed market segmentation as type, paving width, and geography. The global asphalt paver market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading asphalt paver market players and offers key trends and opportunities in the asphalt paver market.
MARKET SEGMENTATION
The global asphalt paver market is segmented on the basis of type, paving width. On the basis of type the market is segmented as wheeled asphalt pavers, tracked asphalt pavers. On the basis of paving width the market is segmented below 2.5 meter, 2.5 meter to 5 meter, above 5 meter.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global asphalt paver market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The asphalt paver market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting asphalt paver market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the asphalt paver market in these regions.
MARKET PLAYERS
The reports cover key developments in the asphalt paver market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Asphalt paver market are anticipated to lucrative growth opportunities in the future with the rising demand for asphalt paver in the global market. Below mentioned is the list of few companies engaged in the asphalt paver market.
The report also includes the profiles of key asphalt paver companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AB Volvo
- Ammann Group
- Astec Industries, Inc. (Roadtec)
- BOMAG GmbH
- Caterpillar Inc.
- Fayat Group
- LeeBoy
- SANY Group
- SUMITOMO CONSTRUCTION MACHINERY CO.,LTD.
- WIRTGEN GROUP
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