Global Asphalt Pavers Market worth US$ 210 million until the end of 2028 | Key Players are Caterpillar Inc., Fayat Group, Ammann Group, etc.
Request For a Sample Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=2296
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 market represents 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.
Expansion of distribution network in the emerging countries is one of the prominent strategies adopted by asphalt pavers manufacturers. For instance, Dynapac (Fayat Group) resumed its business with the Bau Power Group. The Bau Power Group will serve as the exclusive Dynapac importer partners in Australia and New Zealand.
Asphalt Pavers’ Manufacturers Leverage Predictive Maintenance Systems to Mitigate Concerns of Downtime
Construction companies involved in the heavy investments of asphalt pavers continue to remain bemused regarding the downtime of pavers as it costs a heavy million dollar. As paving forms the first line of road construction, effects of asphalt paver downtime extends to succeeding applications of rollers, trucks and mills, making the downtime extremely expensive for the company.
In a bid to effectively address the downtime issues and lower operating costs, OEMs in the asphalt pavers market are leveraging predictive maintenance systems that significantly reduce equipment downtime and repair costs. In addition, technologies used in predictive maintenance provide operator safety, reduce the training time and increase the resale value of the equipment.
Identifying these benefits, prominent manufacturers in the asphalt pavers market are implementing predictive maintenance systems in asphalt paver designs.
Caterpillar, in October 2018 announced the launch of Cat® Asset Intelligence 5.0, a new version of its predictive maintenance system which allows users to optimize repair and maintenance plans and adds fuel efficiency.
Volvo CE, in 2017 launched ActiveCare Direct (ACD), company’s new telematics and fleet management monitoring service platform.
Roadtec has also introduced Guardian Telematics that allows users to modify data in real time to efficiently prevent downtime and enhance productivity.
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.
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.
Have Any Question? Ask Our Industry Experts – https://www.factmr.com/connectus/sample?flag=AE&rep_id=2296
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.
11140 Rockville Pike
Suite 400, Rockville, MD 20852
Read Industry News at: https://insiderstribune.com
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Asphalt Pavers Market worth US$ 210 million until the end of 2028 | Key Players are Caterpillar Inc., Fayat Group, Ammann Group, etc. here
News-ID: 1831414 • Views: 191
More Releases from Fact.MR
Ready Meal Trays’ Myriad Applications and Recyclability Spearheading the Food …
The ready meal trays market continues to showcase stunning prospects, with overall incremental opportunity of over US$ 1.7 Billion by 2027 from 2019, according to a recent Fact.MR study. Growth in consumption of packaged food products across both developed as well as developing countries is anticipated to increase the demand for ready meal trays during the forecast period. Ready meal trays are increasingly used by food processors and fast service
Automation Making Significant Strides in the Container Handling Equipment Market …
According to a new Fact.MR study, the global market for container handling equipment is expected to increase at a value CAGR of 4.2% over the forecast period, to reach a market size of USD 2,316.6 Mn by 2029 from a calculated USD 1,541.2 Mn in 2019. The report provides potential takeaways that prove to be significantly useful for other market entrants in the container handling equipment market and evaluates trends
The Use of Automotive Actuators in Industrial Control Systems Will Bolster the A …
Fact.MR has recently published a report on the automotive actuators market. According to the report, in terms of revenue, the global automotive actuators market is estimated to expand at a CAGR of ~ 6.2% by value and ~ 5.2% by volume over the forecast period. Since the sales of automotive actuators is related to automotive production and vehicle parc, the increasing automotive production and vehicle parc across the globe is
Rising Inclination for Sustainable Packaging Solutions in F&B Sector Motivating …
Fact.MR has recently published a latest assessment report on Blow Molded Containers Market, which discourses prime facets associated to the global blow molded containers market. At present, the proliferation of sustainable food & beverage packaging applications at the global scale has been conveniently supporting sales of blow molded containers. Furthermore, the report predicts an average annual growth of roughly 5.7% in the global blow molded containers market during the stated
More Releases for Asphalt
Concrete Cutting Sydney – Road and Asphalt Sawing
To cut roadways and asphalt pavements, the inclusion of concrete cutting Sydney services is unavoidable. The price must not effect on which company you are going to engage, because the quality performance of the project is in the first place. As the main material in the construction of the roads, the asphalt must be rigidly made. Solid and rigid asphalt is withstanding the weight of vehicles, as well as being weather-resistant.
Asphalt Market Analysis
Asphalt Market Insights: The volume of asphalt market in the U.S. is anticipated to reach approximately 30 million tons by 2025. Demand for asphalt in highway and street applications is likely to yield strong gains due to increased government funding. One of the major factors driving the growth of this market is advancement in transportation sector and infrastructural development. Some of the developing countries still face problem of unpaved roads that extend
Global Asphalt Additives Market Size, Share | MarketResearchReports.biz
Latest industry research report on: Global Asphalt Additives Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Asphalt Additives Market: Overview Asphalt additives are materials incorporated into the asphalt binder inorder to enhance the performance characteristics of the asphalt product. Asphalt additives can added to the binder through hot mix, warm mix or cold mix technologies. Modified asphalt is used for road construction & paving, roofing and
Global Asphalt Binder Market split into Modified Asphalt,Impregnated Asphalt Rep …
MarketResearchReports.Biz presents this most up-to-date research on "Global Asphalt Binder Market Research Report 2017" View Full Report at: https://www.marketresearchreports.biz/reports/1245550/global-asphalt-binder-research-report-market-research-reports Description In this report, the global Asphalt Binder market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD),
Asphalt Additives Market – Research Report
Global Asphalt Additives Market – Key Trends The rising road construction activities worldwide are significantly aiding the expansion of the global asphalt additives market. Since the Middle East and Africa (MEA) boasts rising spending in construction activities, the demand for asphalt additives is expected to rise considerably from the region. Saudi Arabia and Qatar are currently the most attractive markets for asphalt additives in MEA. According to TMR, the global
Asphalt Additives Market to Grow Globally
Asphalt additives are materials that enhance the adhesive force between aggregates and asphalt cements. They are also used for improving pavement performance through reduced moisture-induced damage and pavement rutting. Hot mix asphalt is a mixture of approximately 95% stone, sand bound together with the help of asphalt cement. The asphalt cement used for binding is a heated aggregate, combined, and mixed with the aggregate at a hot mix asphalt facility. To