Asphalt Pavers Market Latest Trends, Demand and Precise Outlook- Volvo Construction Equipment, Caterpillar Inc, Fayat Group, Ammann Group, Astec Industry, Vogele

The Asphalt Pavers  market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue and forecast 2028. This report also includes the overall and comprehensive study of the Asphalt Pavers market with all its aspects influencing the growth of the market. This report is an exhaustive quantitative analysis of the Asphalt Pavers industry and provides data for making strategies to increase market growth and effectiveness.

The Asphalt Pavers Market is projected to grow with a CAGR of more than 4 % during the forecast period.

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Markets Segmentation:

Top leading Companies Profiled in Asphalt Pavers Market Report are Ê- Volvo Construction Equipment, Caterpillar Inc, Fayat Group, Ammann Group, Astec Industry, Vogele, XCMG Construction Machinery Co. Ltd., Zoomlion Heavy Machinery Co Ltd, Leeboy Inc., Sumitomo IHI Construction Machinery Co. Ltd.

News and Updates

- In January 2022, Volvo CE launched 8-Foot Asphalt Pavers in North America, with high productivity, new engine technology and convenient service features on two new pavers help ensure laying a high-quality mat is simple for the operator. The Volvo engines have low vibration and extremely quiet operation, around 79.2 weighted decibels (dBa).

- In May 2022, Trimble Road works launched 2-D paving control platform for Asphalt Pavers, an automatic screed control system that can improve the accuracy and productivity in applications of asphalt paving. The main aim is to enable paving contractors to minimize the waste of expensive asphalt material, achieve optimal rideability results as well as finish their projects on time and budget.

Market Overview

- Owing to the increased spending by governments for high quality roads and highways for swift movement of goods and passengers even from the remote locations to all major cities all around the world to enhance the quality and stretch of road and highways, smart city initiatives are creating demand for asphalt pavers.

- As of March 01, 2019, the total length of National Highways in India stood at 132,500 km. While in United States it is 259,032 Km. In India the rate of construction is growing with a double-digit growth rate because of the developing nature of the economy and still many remote areas are not having proper connectivity by road.

- The increased demand for road traffic will require the continued construction and improvement of roads in both urban and rural areas and will likely drive the demand in global market.

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

- The Indian government on construction of roads, highways have allocated Rs. 91,823 Crore (USD 13.14 billion) in the union budget of financial year 2022-21, which was Rs. 83,016 Crore (USD 11.84 billion), with an increase by a rate of more than 10%.

- Similarly, the Chinese government has increased spending on highways by around 3% with a spending of 1.81 trillion yuan during first 10 months in the year 2019.

- The United States Federal Government spending on highways and streets have grown with a CAGR of about 17% during the year 2014-18 and has reached a value of about USD 1038 million.

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Key Takeaways from Asphalt Pavers Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Asphalt Pavers market - key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance - Asphalt Pavers market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Asphalt Pavers

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In conclusion, the Asphalt Pavers market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Asphalt Pavers Industry business competitors. Our expert research analyst's team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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