Global Asphalt Pavers Market Size, Drivers, Trends, Opportunities And Strategies – Includes Asphalt Pavers Market Demand
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The increase in road traffic in various parts of the world are expected to drive innovation in asphalt pavers manufacturing, thus driving the market during the forecast period.
The global asphalt pavers market is expected to grow from $1.92 billion in 2022 to $2.12 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The asphalt pavers market size is expected to grow to $3.01 billion in 2027 at a CAGR of 9.2%.
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- By Type: Track Pavers, Wheel Pavers, Screeds
- By Paving Width: Less than 2.5 Meters, 2.5-5 Meters, More Than 5 Metr
- By Technology: Hydrostatic, Mechanical
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global asphalt pavers market in 2021.
Major Market Players in the asphalt pavers market include Volvo Construction Equipment Corporation, Caterpillar Inc., Weiler, Zoomlion Company Limited, Dynapac, Bomag GmbH, XCMG Construction Machinery Company Ltd.
Technological advancements have emerged as a key trend gaining popularity in the asphalt’s pavers market. The market has witnessed the advent of 3D paving technology, which automates autonomous operations in construction with the help of remote sensing and milling control systems technology. Major companies operating in the asphalt pavers market is focused on developing new technological solutions to strengthen their position. For instance, in February 2021, Trimble, a US-based industrial technology company, launched Trimble Roadworks 3D Paving Control Platform, the next-generation platform for 3D asphalt paving control systems. Trimble Roadworks is a highly accurate, autonomous 3D screed control technology that can improve paving production and rideability dramatically. It designs directly rather than a surface or string line to reduce asphalt usage, waste, and overruns and finish projects on time and within budget.
The Asphalt Pavers Global Market Report 2023 provides a asphalt pavers market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The asphalt pavers market forecast analyzes asphalt pavers market size, asphalt pavers market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An asphalt paver is a machine that distributes, shapes, and partially compacts an asphalt layer over the surface of a roadway. It distributes partially compacted asphalt over flat surfaces on the construction sites. These are the machines responsible for constructing roads, parking lots, bridges, and other similar places.
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