Asphalt Pavers Market To Make Great Impact In Near Future by 2028
Tier 1 Players Hold Nearly 64% Revenue Share in the Asphalt Pavers Market
As the construction equipment industry continues to remain a consolidated landscape, the asphalt pavers marketrepresents dominance of a handful of prominent players. With their strong regional distribution network, Tier 1 players in the asphalt pavers market hold nearly 64% of the global market share. These players including Fayat Group, Caterpillar, Astec Industry, Wirtgen Group (Vogele), Ammann, Zoomlion, Sakai and Sumitomo are leveraging global expansion, pricing strategies and investments in R&D to maintain market sustainability.
Screed Technology Upgrade – a Prime Milestone for Asphalt Pavers’ Manufacturers to Meet Demand for Better Asphalt Mat
In the important tasks of asphalt paving operations, screed plays a vital role in delivering better quality and optimum density of an asphalt road. Manufacturers in the asphalt pavers market are actively implementing new features in screed component that deliver better quality asphalt mat and ultimately improve the lifecycle of the pavement.
Screeds with pre-compaction are one of the highly sought-after features by end-users in asphalt pavers. An efficient pre-compaction helps in achieving greater density in asphalt mat and maximizes air void reduction through rollers. OEMs in the asphalt pavers market deliver screed components with a combination of configurations such as screed weight, paving speed and temper bar amplitude that can be adjusted according to the end user requirement.
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Improving Road Infrastructure to Underpin Asphalt Pavers Market Sustainability
In a bid to achieve the goals of socioeconomic progress with an increasing emphasis on strengthening transport infrastructure, road infrastructures are improving across the globe.
Significant investments are underway for new infrastructures and for the maintenance of existing infrastructure. For instance, World Bank, in March 2018, approved US$ 210 million for the rural connectivity project in Madhya Pradesh, India. In May 2018, World Bank approved National Road 13 Improvement and Maintenance Project in Lao PDR.
Support from the World Bank and increasing public-private partnership is strengthening the connectivity between urban and rural markets through roads and highway connectivity. The essential requirement of construction equipment in such construction projects is expected to maintain the sustainability of asphalt pavers market in the future.
Asphalt Pavers’ Stakeholders Target Customer Convenience in Financing Options and Equipment Acquisitions
A steady economic growth combined with significant investments in construction projects is ensuring business optimism in the construction equipment marketplace. Inclusion of disruptive technologies is further changing the equipment landscape wherein customer preferences are changing dynamically.
Equipment finance companies are adopting innovative and tailored financing options to meet unique customer demand. Use of different platforms to perform periodic hardware diagnostics and innovative service agreements is fueling increasing equipment acquisitions in the asphalt pavers market.
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Demand for Temporary Equipment Solutions to Bode Well for Rental Services in Asphalt Pavers Market
Considering the cost-intensive nature of the product, end users of asphalt pavers usually prefer renting over owning the equipment. In road construction projects, asphalt pavers are used to complete the roadworks rapidly. Owing to the nature of temporary work in road and highway construction, equipment hire continues to be one of the prominent necessity as it saves significant capital investment.
In a bid to meet the growing demand for temporary equipment solutions, OEMs in the asphalt pavers market provide on-demand equipment rental solutions through their rental store distribution network.
The asphalt pavers market report delivers a dashboard view of all the key market players operating in the asphalt pavers marketplace. In addition, the competitive landscape section of the asphalt pavers market report provides company profiles that cover product offerings, company revenues, relative market presence, regional presence and notable business development undertaken by all the key companies.
Leading players in the asphalt pavers market are leveraging acquisition, new product launch and expansion strategies to increase their revenue share in the global asphalt pavers market.
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About the Report
Fact.MR has compiled a study on the asphalt pavers market and published a report titled, “Asphalt Pavers Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028”. The asphalt pavers market report provides the users with a comprehensive outlook of the asphalt pavers market that includes all the vital insights, key trends, drivers, market challenges and future opportunities in the asphalt pavers market during the forecast period.
The asphalt pavers market structure is determined based on an in-depth analysis of the demand-supply scenario of different facets of the asphalt market facets. The asphalt pavers market structure includes segmentation based on operating weight, screed type, paver type and paving width.
The asphalt pavers market, based on operating weight is divided into four categories- 5000-8000 kg, 8000-12000 kg, 12000-15000 kg and more than 15000 kg. Among different types of asphalt pavers, tracked pavers and wheeled pavers are the prominent categories considered in the asphalt pavers market report.
Further, the asphalt pavers market is categorized into mechanical and hydrostatic screed type of asphalt pavers. Different paving widths are also considered in the asphalt pavers market such as up to 1.5m, 1.5 – 2.5 m, 2.5 – 5 m and more than 5 m. Regional analysis of the asphalt pavers market includes market analysis for a total of seven regions including North America, Latin America, Europe, CIS & Russia, Japan, APEJ and MEA.
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Additional Questions Answered
The asphalt pavers market report covers key insights of the asphalt pavers market, in addition to the aforementioned insights. An in-detailed discussion of these insights can answer some of the bemusing questions of the users interested in the asphalt pavers market.
Considering the divergent demand, which operating weight of asphalt pavers will be highly sought after during the forecast period?
Based on the increasing construction projects in world economies, which region will represent the most prominent market for asphalt pavers?
What are the key technologies that are highly sought after by end users in the asphalt pavers market?
What is the impact of evolving emission standards on the growth of the asphalt pavers market?
The robust research methodology used during the course of the asphalt pavers market study is discussed comprehensively in this section of the report. Primary and secondary research analysis undertaken during the asphalt pavers market study is thoroughly described in this section of the asphalt pavers market report.
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