Asphalt Paving Machines Market is estimated to be US$ 3.26 Billion at a CAGR 4.3% during the forecast period

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Published Date: April 2024

Asphalt paving machines market accounted for US$ 2.13 billion in 2020 and is estimated to be US$ 3.26 million by 2030 and is anticipated to register a CAGR of 4.3%. The asphalt is added from a dumper or a cloth transfer unit into the paver's hopper. The conveyor then carries the asphalt from the hopper to the auger. The auger places a stockpile of fabric ahead of the screed. The screed takes the stockpile of fabric and spreads it over the width of the road and provides initial compaction. The paver should provide a smooth uniform surface behind the screed. So as to supply a smooth surface a free floating screed is employed. It’s towed at the top of an extended arm which reduces the bottom topology effect on the ultimate surface. The peak of the screed is controlled by variety of things including the attack angle of the screed, weight and vibration of the screed, the fabric head and therefore the towing force. To conform to the elevation changes for the ultimate grade of the road modern pavers use automatic screed controls, which generally control the screed's angle of attack from information gathered from a grade sensor. Additional controls are wont to correct the slope, crown or super elevation of the finished pavement. In order to supply a smooth surface the paver should proceed at a continuing speed and have a uniform stockpile of fabric ahead of the screed. Increase in material stockpile or paver speed will cause the screed to rise leading to more asphalt being placed therefore a thicker mat of asphalt and an uneven final surface. Alternatively a decrease in material or a drop by speed will cause the screed to fall and therefore the mat to be thinner.

The report " Asphalt Paving Machines Market, By Product Type (Small-sized Paving Width, Medium-sized Paving Width, and Large-sized Paving Width), By Application (Highway and Urban Road), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”

Key Highlights:

In 2017, BOMAG continues to develop its asphalt paver range with the introduction of a new top-of-the range machine, the BF900C. This features an S300M screed and offers maximum paving widths of up to 13m. In addition, the firm is also developing its smaller pavers and is now offering the BF300C with its new S340-2 screed, with paving widths from 1.7-5m, as well as a new compact paver, the BF223C.

Analyst View:

With growth in industrial and infrastructural sector within the fast pace economies globally, there has been heavy expenditure on the road maintenance and infrastructural projects, creating demand for asphalt pavers globally. Consistent with Energy Technology Perspectives (ETP) it's estimated that the planet will got to add nearly 25 million paved road lane kilometers as only up to hour of roads are paved globally. The enhancement and establishment of recent roads and development in emerging economies like India and China are major growth drivers of worldwide asphalt pavers market. Understanding the importance of road maintenance globally is proving to be very effective to scale back the amount of accidents, ultimately driving global asphalt pavers market during the forecast period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Asphalt Paving Machines Market, By Product Type (Small-sized Paving Width, Medium-sized Paving Width, and Large-sized Paving Width), By Application (Highway and Urban Road), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”

Key Market Insights from the report:

Asphalt paving machines market accounted for US$ 2.13 billion in 2020 and is estimated to be US$ 3.26 million by 2030 and is anticipated to register a CAGR of 4.3%. The asphalt paving machines market report segments the market on the basis of product type, application, and region.

By Product Type, the market is segmented into Small-sized Paving Width, Medium-sized Paving Width, and Large-sized Paving Width.
By Application, the market is segmented into Highway and Urban Road.
By Region, the Asphalt Paving Machines Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape:

Some of the prominent players operating in the Asphalt Paving Machines Market include AB Volvo (publ), CAT, Inc., Roadtec, Inc., Sany Group Co., Ltd., Joseph Vögele AG, Terex Corporation, VT LeeBoy, Inc., Atlas Copco AB, CMI SA and BOMAG GmbH.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning.
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period.

Key Topics Covered