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

As per The Business Research Company’s Asphalt Pavers Global Market Report 2023, the asphalt pavers market is expected to show significant growth in the forecast period.

Key insights from the asphalt pavers market forecast include:

1. Market Size

The worldwide asphalt pavers market will increase from $1.92 billion in 2022 to $2.12 billion in 2023, with a 10.2% CAGR. By 2027, it’s projected to reach $3.01 billion, growing at a 9.2% CAGR.

2. Major Driver

Rising global road traffic will drive the asphalt pavers market. For example, in March 2021, US Department of Transportation reported a 19.0% increase in travel on highways and streets, while Great Britain saw an 11.9% rise in vehicle miles driven in 2021. This fuels market growth.

View More On The Asphalt Pavers Market Report 2023 – https://www.thebusinessresearchcompany.com/report/asphalt-pavers-global-market-report

3. Key Trend

Technological advancements are a prominent trend in the asphalt pavers market. The introduction of 3D paving technology, utilizing remote sensing and milling control systems, automates construction operations. For example, in February 2021, Trimble launched Trimble Roadworks 3D Paving Control Platform, enhancing paving accuracy and efficiency while reducing asphalt waste and project costs.

4. Major Players

Major players in the asphalt pavers market are Volvo Construction Equipment Corporation, Caterpillar Inc., Weiler, Zoomlion Company Limited, Dynapac, Bomag GmbH, XCMG Construction Machinery Company Ltd., Sany Heavy Industries Limited, Ammann Group, Astec Industries Inc., Fayat Group, LeeBoy, Sumitomo Construction Machinery, Wirtgen Group, and John Deere Co.

5. Top Market Segments

The global asphalt pavers market is segmented –

1) By Type: Track Pavers, Wheel Pavers, Screeds

2) By Paving Width: Less than 2.5 Meters, 2.5-5 Meters, More Than 5 Metr

3) By Technology: Hydrostatic, Mechanical

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https://www.thebusinessresearchcompany.com/sample.aspx?id=7813&type=smp

The Asphalt Pavers Global Market Report 2023  provides an in-depth analysis on the asphalt pavers market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the asphalt pavers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Asphalt, Lubricating Oil And Grease Global Market Report 2023

Asphalt Additives Global Market Report 2023

Roofing Underlayment Global Market Report 2023

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