Global Asphalt Pavers Market Size 2017 by Type (Small sized paving width, Medium sized paving width, Large sized paving width), by Industry (Highway, Urban Roads, Others), By Region and Forecast 2018 to 2025
Jan 2019
Total Pages: 70
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The global asphalt pavers market size was valued at USD 1.5 billion in 2017. The global asphalt pavers market is expected to grow owing to the increased demand for maintenance of roads for safety reasons in order to avoid mishaps.
The asphalt paver is a self-sustained construction equipment entailing a tractor and a moving screed which is used to pave roads using hot mix asphalt. In the paving process, the pavers deliver hot mix asphalt and is loaded into the hopper. It is then outspread uniformly over the roads and an asphalt roller is used for compaction to the desired density. Asphalt pavers differ according to their operating weight and are classified as Highway Class Pavers and Commercial Class Pavers. The highway class pavers mainly categorized by its manufacturing as the tractor and the screed are manufactured independently whereas commercial class pavers are used to construct and reorient walkways, driveways and other outdoor platforms.
Large sized width pavers were the most widely used type of asphalt pavers across the globe in 2017. These pavers generated revenues worth USD 610 million in the same year due to its penetration across the automotive and transportation sector. Over the next eight years, the usage of large sized pavers is set to significantly increase due to its increase in infrastructural growth and need for huge residential buildings with the growing population. The emerging economies of the developing countries is expected to compound the market growth of this asphalt pavers market.
The asphalt pavers are more often used over the highway construction owing to the frequent movement of trucks and other huge vehicles. The highway roads makes up for a 46.2% of the total revenue generating a revenue of USD 720.3 million. Followed by the urban roads wherein there is not much maintenance needed for the roads as compared to that of the highway roads. The asphalt paver manufacturers are upgrading these machines owing to the requirements of the construction for instance small size width pavers may reduce the manufacturing costs but results in more hard work and less efficiency. However, the manufacturers are extending these small and medium sized pavers with new features to increase the paver’s usability.
Division of the global market into five major continents show that North America was at the leading position generating revenues of USD 457.6 million followed by Asia Pacific in 2017 making up for 23.6% of the total market share. The penetration of asphalt pavers in the region has moved to its peak, thereby, witnessing scope for high growth. However, opportunities for further development of the market are being created in the form of increasing more efficient way of operations for small and mid-size width pavers.
Key segments of the global asphalt pavers market
Type Overview, 2015-2025 (USD million)
- Small sized paving width
- Medium sized paving width
- Large sized paving width
Application Overview, 2015-2025 (USD million)
- Highway
- Urban Roads
- Others
Regional Overview, 2015-2025 (USD million)
- North America
- US
- Canada
- Europe
- UK
- Ireland
- Spain
- Italy
- France
- Germany
- Rest of Europe
- Asia Pacific
- South Korea
- Japan
- India
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Chile
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global asphalt pavers market industry.
- The overall segmentation of asphalt pavers especially, the large sized width pavers is contained in this report. These pavers have been gaining importance, as a key segment of the asphalt pavers market. Globally, large size width market is relatively untapped and has tremendous growth potential with the increase in demand for transportation sector.
- Robust expansion of the asphalt pavers industry in North America has been mainly driven by the necessity of huge infrastructural investments and durability of roads.
- During research on the asphalt pavers market on regional and country level, we noticed that the use of large size width pavers is expanding and being recognized for its value. With the cost effectiveness of small and mid-sized pavers, manufacturers are being more reliable on these machines, making it an essential part of the asphalt paver market.
What does the report include?
- The study on the global asphalt pavers market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the value chain and Porter’s Five Forces’ analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of type, industry and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
This study is suitable for industry participants and stakeholders in the asphalt pavers industry, who want an in-depth insight into the movement of asphalt pavers market.
The report will benefit:
- Executives of asphalt paver manufacturing companies that are engaged in the pavers manufacture and distribution
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to pavers
- Venture capitalist looking into investing capital
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies
The global asphalt pavers market size was valued at USD 1.5 billion in 2017. The global asphalt pavers market is expected to grow owing to the increased demand for maintenance of roads for safety reasons in order to avoid mishaps.
The asphalt paver is a self-sustained construction equipment entailing a tractor and a moving screed which is used to pave roads using hot mix asphalt. In the paving process, the pavers deliver hot mix asphalt and is loaded into the hopper. It is then outspread uniformly over the roads and an asphalt roller is used for compaction to the desired density. Asphalt pavers differ according to their operating weight and are classified as Highway Class Pavers and Commercial Class Pavers. The highway class pavers mainly categorized by its manufacturing as the tractor and the screed are manufactured independently whereas commercial class pavers are used to construct and reorient walkways, driveways and other outdoor platforms.
Large sized width pavers were the most widely used type of asphalt pavers across the globe in 2017. These pavers generated revenues worth USD 610 million in the same year due to its penetration across the automotive and transportation sector. Over the next eight years, the usage of large sized pavers is set to significantly increase due to its increase in infrastructural growth and need for huge residential buildings with the growing population. The emerging economies of the developing countries is expected to compound the market growth of this asphalt pavers market.
The asphalt pavers are more often used over the highway construction owing to the frequent movement of trucks and other huge vehicles. The highway roads makes up for a 46.2% of the total revenue generating a revenue of USD 720.3 million. Followed by the urban roads wherein there is not much maintenance needed for the roads as compared to that of the highway roads. The asphalt paver manufacturers are upgrading these machines owing to the requirements of the construction for instance small size width pavers may reduce the manufacturing costs but results in more hard work and less efficiency. However, the manufacturers are extending these small and medium sized pavers with new features to increase the paver’s usability.
Division of the global market into five major continents show that North America was at the leading position generating revenues of USD 457.6 million followed by Asia Pacific in 2017 making up for 23.6% of the total market share. The penetration of asphalt pavers in the region has moved to its peak, thereby, witnessing scope for high growth. However, opportunities for further development of the market are being created in the form of increasing more efficient way of operations for small and mid-size width pavers.
Key segments of the global asphalt pavers market
Type Overview, 2015-2025 (USD million)
- Small sized paving width
- Medium sized paving width
- Large sized paving width
Application Overview, 2015-2025 (USD million)
- Highway
- Urban Roads
- Others
Regional Overview, 2015-2025 (USD million)
- North America
- US
- Canada
- Europe
- UK
- Ireland
- Spain
- Italy
- France
- Germany
- Rest of Europe
- Asia Pacific
- South Korea
- Japan
- India
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Chile
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global asphalt pavers market industry.
- The overall segmentation of asphalt pavers especially, the large sized width pavers is contained in this report. These pavers have been gaining importance, as a key segment of the asphalt pavers market. Globally, large size width market is relatively untapped and has tremendous growth potential with the increase in demand for transportation sector.
- Robust expansion of the asphalt pavers industry in North America has been mainly driven by the necessity of huge infrastructural investments and durability of roads.
- During research on the asphalt pavers market on regional and country level, we noticed that the use of large size width pavers is expanding and being recognized for its value. With the cost effectiveness of small and mid-sized pavers, manufacturers are being more reliable on these machines, making it an essential part of the asphalt paver market.
What does the report include?
- The study on the global asphalt pavers market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the value chain and Porter’s Five Forces’ analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of type, industry and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
This study is suitable for industry participants and stakeholders in the asphalt pavers industry, who want an in-depth insight into the movement of asphalt pavers market.
The report will benefit:
- Executives of asphalt paver manufacturing companies that are engaged in the pavers manufacture and distribution
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to pavers
- Venture capitalist looking into investing capital
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. Market drivers
3.2.2. Market restraints
3.2.3. Market opportunities
3.3. Porter’s Five Forces’ analysis
3.4. Value chain analysis
3.5. PESTEL analysis
3.6. Vendor landscape
Chapter 4. Asphalt Pavers Market Overview, By Type
4.1. Global Asphalt Pavers Market share, by type, 2018 & 2025
4.2. Small sized paving width
4.2.1. Market size and projections, 2017 - 2025
4.3. Medium sized paving width
4.3.1. Market size and projections, 2017 – 2025
4.4. Large sized paving width
4.4.1. Market size and projections, 2017 – 2025
Chapter 5. Asphalt Pavers Market Overview, By Application
5.1. Global Asphalt Pavers Market share, by application, 2018 & 2025
5.2. Highway
5.2.1. Market size and projections, 2017 - 2025
5.3. Urban roads
5.3.1. Market size and projections, 2017 – 2025
5.4. Others
5.4.1. Market size and projections, 2017 – 2025
Chapter 6. Asphalt Pavers Market Overview, By Region
6.1. Global Asphalt Pavers Market share, by region, 2017 & 2025
6.1.1. North America
6.1.1.1. Market size and projections, 2017-2025
6.1.1.2. US
6.1.1.2.1. Market size and projections, 2017-2025
6.1.1.3. Canada
6.1.1.3.1. Market size and projections, 2017-2025
6.1.2. Europe
6.1.2.1. Market size and projections, 2017-2025
6.1.2.2. UK
6.1.2.2.1. Market size and projections, 2017-2025
6.1.2.3. Ireland
6.1.2.3.1. Market size and projections, 2017-2025
6.1.2.4. Spain
6.1.2.4.1. Market size and projections, 2017-2025
6.1.2.5. Italy
6.1.2.5.1. Market size and projections, 2017-2025
6.1.2.6. France
6.1.2.6.1. Market size and projections, 2017-2025
6.1.2.7. Germany
6.1.2.7.1. Market size and projections, 2017-2025
6.1.2.8. Rest of Europe
6.1.2.8.1. Market size and projections, 2017-2025
6.1.3. Asia Pacific
6.1.3.1. Market size and projections, 2017-2025
6.1.3.2. South Korea
6.1.3.2.1. Market size and projections, 2017-2025
6.1.3.3. Japan
6.1.3.3.1. Market size and projections, 2017-2025
6.1.3.4. India
6.1.3.4.1. Market size and projections, 2017-2025
6.1.3.5. Australia
6.1.3.5.1. Market size and projections, 2017-2025
6.1.3.6. Rest of Asia Pacific
6.1.3.6.1. Market size and projections, 2017-2025
6.1.4. Latin America
6.1.4.1. Market size and projections, 2017-2025
6.1.4.2. Brazil
6.1.4.2.1. Market size and projections, 2017-2025
6.1.4.3. Mexico
6.1.4.3.1. Market size and projections, 2017-2025
6.1.4.4. Chile
6.1.4.4.1. Market size and projections, 2017-2025
6.1.5. Middle East & Africa
6.1.5.1. Market size and projections, 2017-2025
Chapter 7. Industry Structure
7.1. Company market share, 2016
7.2. Strategic framework
Chapter 8. Company Profiles
8.1. Volvo CE
8.1.1. Company overview
8.1.2. Product portfolio
8.1.3. Key developments
8.1.4. Financial performance
8.1.5. SWOT
8.2. Caterpillar Inc.
8.2.1. Company overview
8.2.2. Product portfolio
8.2.3. Key developments
8.2.4. Financial performance
8.2.5. SWOT
8.3. Weiler
8.3.1. Company overview
8.3.2. Product portfolio
8.3.3. Key developments
8.3.4. Financial performance
8.3.5. SWOT
8.4. Zoomlion Company ltd.
8.4.1. Company overview
8.4.2. Product portfolio
8.4.3. Key developments
8.4.4. Financial performance
8.4.5. SWOT
8.5. Dynapac
8.5.1. Company overview
8.5.2. Product portfolio
8.5.3. Key developments
8.5.4. Financial performance
8.5.5. SWOT
8.6. Bomag Gmbh
8.6.1. Company overview
8.6.2. Product portfolio
8.6.3. Key developments
8.6.4. Financial performance
8.6.5. SWOT
8.7. XCMG Construction Machinery Company Ltd.
8.7.1. Company overview
8.7.2. Product portfolio
8.7.3. Key developments
8.7.4. Financial performance
8.7.5. SWOT
8.8. Sany Heavy Industries Limited
8.8.1. Company overview
8.8.2. Product portfolio
8.8.3. Key developments
8.8.4. Financial performance
8.8.5. SWOT
8.9. Atlas Copco
8.9.1. Company overview
8.9.2. Product portfolio
8.9.3. Key developments
8.9.4. Financial performance
8.9.5. SWOT
8.10. List of other vendors