Press release
Mobile Asphalt Plant Market Revenue Growth Predicted by 2018 to 2028
For engineers, contractors, builders, architects and other end-users, mobile asphalt plant offer numerous benefits such as better production capacity, higher efficiency, and higher flexibility with improved resistance to chemical attack, effective placement of asphalt concrete in extreme weather conditions. Mobile asphalt plants are ready to move type of asphalt plants as being attached to the rear of a truck. Mobile asphalt plants can be set up in quick time due to prewiring of the chassis which provides the plant to easily and quickly shift to different construction sites. The plant is usually divided on multiple chassis which are assembled at the construction site tends to offer maximum mobility. Mobile asphalt plant operates with higher efficiency, flexibility and production capacity as compared to stationary asphalt plants. Primary application of asphalt is in road construction to create asphalt concrete. It is also used as bituminous waterproofing products, which also includes production of roofing felt. Growing roads and highways construction across the globe is expected to spur the demand for construction machines which in turn is estimated to fuel the demand for mobile asphalt plant. Owing to its various beneficiary factors the market for mobile asphalt plants is anticipated to witness significant growth during the forecast period.
Mobile Asphalt Plant Market: Dynamics
Increasing quality of construction especially in developing economies is one of the prime factor driving the demand for mobile asphalt plant which in turns is expected to significantly add to the growth of mobile asphalt market across the globe. Growing urbanization trend in various countries is leading towards increasing demands for better road connectivity which in turn is expected to fuel the demand for mobile asphalt plant during the forecast period. Increasing trend of smart cities is leading towards several repair and maintenance projects which is expected to provide potential opportunities for the players in mobile asphalt plant market. Modular design of the mobile asphalt plant making it easy to assemble and dismantle the units for transportation is expected to be another factor driving the demand for mobile asphalt plant.
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Shortage of labor as well as the lack of skilled workers coupled with fluctuating prices of building materials in various countries across the globe is impacting the construction industry and is one of the prominent challenges for the mobile asphalt Plant manufacturer.
Mobile Asphalt Plant Market: Segment
Global mobile asphalt plant market can be segmented by capacity type and region
By capacity type the global mobile asphalt plant market can be segmented as
40-60 TPH
60-90 TPH
90-120 TPH
Above 120 TPH
By region the global power hammer market can be segmented as
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
China
Japan
Middle East and Africa (GCC Countries, South Africa, Northern Africa)
Mobile Asphalt Plant Market: Regional Outlook
Increasing contribution of private sector aiding the growth to construction industry in North America is expected to drive the demand for mobile asphalt plant in the region during the forecast period. Major players in the European mobile asphalt plant market are focusing on strategic mergers and acquisitions with an aim to expand their global footprints as well as product portfolios. Supportive Government and Parastatal agencies in Latin America is driving the construction industry which in turns is estimated to propel the demand for mobile asphalt plant market in the upcoming years. The growing middle class population and increase in disposable income in various developing countries is expected to add to the growth of construction industry which in turns is estimated to boost the demand for mobile asphalt plant.
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Mobile Asphalt Plant Market: Key Participants
Examples of some of the market participants identified across the value chain of the global mobile asphalt plant market include:
Marini India Pvt Ltd.
Gongyi Santai Machinery Co.,Ltd
Atlas Technologies Pvt. Ltd.
Santai Plants
South Machinery
Parker Plant Limited
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