The growing demand for asphalt from the road building industry is one of the key factors influencing the global market for asphalt mixing plants. Road construction has accelerated in many nations as a result of increased urbanisation and industrialization. As a result, there is a greater demand for asphalt, which necessitates more efficient production, supporting the expansion of asphalt mixing facilities. Furthermore, producers of asphalt mixing plants are now able to provide their clients with effective and cutting-edge solutions because to technical breakthroughs in this market. Over the course of the projected period, this aspect is anticipated to fuel market expansion. The market for asphalt mixing plants worldwide is also anticipated to benefit from an increase in public and private investments in the infrastructure sector in the upcoming years.
Due to the rising need for roads and highways in both established and emerging nations, the market for asphalt mixing plants is expanding globally. The demand for asphalt mixing plants is increasing due to the quickening of urban and industrial expansion and the resulting increase in infrastructure development. A large road network has been required by the expanding populations in many countries, which has increased demand for products made of asphalt, such asphalt mixers.
Compared to conventional asphalt production techniques, asphalt mixing plants (AMP) have various benefits. With a consistent level of workability, durability, and water resistance, AMP offers asphalt of the highest quality. Since they do not require additional fuel or energy sources to operate, they are also more ecologically friendly and energy efficient than conventional methods. They also lessen the need for physical labour, enabling quicker and more effective production. Due to these factors, the future for the global market for asphalt mixing plants is likely to be favourable.
Hot mix asphalt is produced by asphalt mixing plants, which are substantial pieces of road building equipment. They are made up of a dust collection system, storage silos, a cold-feed system, dryer drum, and other parts. Asphalt mixing facilities make it easier to produce high-quality asphalt material in the different sizes and shapes needed for various applications.
The market for asphalt mixing plants is anticipated to increase from USD 2.50 billion in 2021 to USD 3.60 billion in 2031, at a CAGR of 5.02%.
Some limitations, such as the high price of asphalt mixing facilities, strict governmental regulations, and limited supply of raw materials like sand and bitumen, may hinder the market's expansion. Environmental problems brought on by emissions from asphalt production plants may also impede market expansion in the ensuing years. The creation of effective asphalt mixing plants and technological improvements, however, can aid in overcoming such difficulties. Over the projected period, the market for asphalt mixing plants is anticipated to develop moderately. This can be ascribed to a number of things, including an increase in urbanisation, higher spending on road infrastructure, and development in the construction sector.
Marini spa, Ammann Group, Apollo Infratech Pvt. Ltd., SANY Group, BENNINGHOVEN GmbH & Co. KG, Speco Asphalt Mixing Plant Co., Ltd., Tietuo Machinery Co., Ltd., Atlas Technologies Pvt. Ltd., FABHIND, and others are the major companies in the global market for asphalt mixing plants. With their years of business expertise and cutting-edge technological capabilities, these players have solidified a position in the market.
The Below 240t/h Type to Emerge as the Most Lucrative Segment
Three categories make up the market for asphalt mixing plants worldwide: below 240t/h, 240t/h-320t/h, and beyond 320t/h. Due to the economic advantages these plants provided in comparison to their larger counterparts, the segment of asphalt mixing plants below 240 t/h retained the highest share in 2020. Due to their capacity to create high-quality asphalt mix in big quantities, 240t/h-320t/h asphalt mixing facilities are anticipated to have significant expansion during the projection period. On the other hand, asphalt mixing facilities that can produce more than 320t/h are very effective and have a larger range of uses in road construction projects.
The Most Popular Application Segment is Road Construction
The market for asphalt mixing plants has been divided into road construction and other applications. Due to rising investments in infrastructure and transportation projects, such as roads and bridges across various countries, the road construction segment led the global market in 2020. Additionally, during the projected period, this segment is anticipated to rise as a result of rising consumer demand for better road conditions.
The Asia Pacific (APAC) region to render Adequate Financing Avenues
The North American, South American, Asian Pacific, European, Middle Eastern, and African regions are the divisions used to categorise the global market for asphalt mixing plants. Due to rising investments in infrastructure projects and the presence of numerous top competitors operating in this region, Asia Pacific had the greatest share of the global market in 2020. Additionally, it is anticipated that additional increase will occur during the projected period as a result of the rising demand for asphalt mix from nations like China and India. Further expansion in this area is anticipated over the projection period as a result of rising government initiatives for road construction projects in North America and Europe.
COVID-19 Impact and Market Status
The global market for asphalt mixing plants has been significantly impacted by the COVID-19 pandemic epidemic. An economic downturn has resulted from the virus' quick spread throughout nations, including important markets like China, India, and the USA. This has caused industrial processes to be interrupted and the demand for asphalt mixers to decline. The market is anticipated to rebound starting in 2021, though, as government tight limitations begin to be gradually lifted.
Latest Innovations in the Global Asphalt Mixing Plants Market: A Snapshot
• Astec Industries and MINDS Automation Group reached an agreement to buy each other in March 2022. (MINDS). In the asphalt sector, the company is a pioneer in cloud-based data management and plant automation control systems.
• In August 2021, Berkshire Engineering Supplies (BES) and R&G Cooper (RGC) teamed up to form Bulldog Plant & Equipment Ltd, which is thought to be the only company of its kind in Britain and is positioned to overtake its rivals as the leading supplier of large-scale production plants for the engineering, energy, and building materials industries.
Asphalt Mixing Plants Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2032||USD 3.60 billion|
|Growth Rate||CAGR of 5.02% during 2021-2031|
|Segment Covered||by Type, by Deployment, By Application, by Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Marini spa, Ammann Group, Apollo Infratech Pvt. Ltd., SANY Group, BENNINGHOVEN GmbH & Co. KG, Speco Asphalt Mixing Plant Co., Ltd., Tietuo Machinery Co., Ltd., Atlas Technologies Pvt. Ltd., FABHIND, and others|
Key Segments of the Asphalt Mixing
By Type Overview, 2021-2031 (USD Billion)
• Above 320t/h
By Application Overview, 2021-2031 (USD Billion)
• Road Construction,
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and Africa