Asphalt Mixing Plant Market to Surpass Valuation of US$ 2.4 Bn

The global asphalt mixing plant market is projected to grow at a CAGR of 2.8% in terms of value between 2020 and 2030. However, with the anticipated global economic slowdown due to the corona virus pandemic, the global asphalt mixing plant market shall stagnate until 2021 end. Post 2021, the market is set to regain traction, surpassing a valuation of US$ 2.4 billion.

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The road construction industry is witnessing significant upsurge, owing to rapid urbanization and industrialization. As a result, demand for adequate construction equipment is increasing, especially in developing economies such as China, India, and Brazil. Governments of these countries are allocating massive budgets for road and highway infrastructure in order to support economic development.

Key Takeaways of Asphalt Mixing Plant Market

Global asphalt mixing plant market is poised to create an absolute $ opportunity of more than US$ 585 million by the end of the forecast period (2020 - 2030). In the year 2019, it was valued at US$ 1.9 billion.
Stationary asphalt mixing plant segment is anticipated to accumulate the majority share in terms of value, expanding at a CAGR of 3.1% during the forecast period.
Drum asphalt mixing plant segment is projected to grow at volume CAGR of 2.1% to create absolute $ opportunity of more than US$ 330 million. It is expected to gain 106 BPS into its market share by the end of forecast period.
Asphalt mixing plants with production capacity between 50 and 150 TPH (tonnes per hour) are expected to hold around 30% of the market share in terms of value and is projected to grow by 1.2X more than asphalt mixing plant with production capacity above 300 TPH.
Asia Pacific is projected to create an absolute $ opportunity of around US$ 230 million and is expected to hold more than 32% share in terms of value in the global asphalt mixing plant market by the end of the forecast period.

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Manufacturers Focused on Expansion through Product Launches

Global asphalt mixing plant market is highly consolidated and competitive in nature. Ammam Goup is the market leader with around 17% market share followed by FAYAT Group & Astec Industries Inc. which account for around 15% & 11% market shares respectively.

Asphalt Mixing Plant Market: Segmentation

FactMR's study has done the segmentation of the asphalt mixing plant market on the basis of product, type, and capacity across 6 major regions.

By Product :
Stationary
Portable

By Type :
Drum Plant
Batch Plant

By Capacity :
Below 50 TPH
50-150 TPH
151-300 TPH
Above 300 TPH

By Regions :
North America
Latin America
Europe
East Asia
South Asia Pacific
MEA

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Key Questions Answered in Report

Which are the most lucrative markets for Asphalt Mixing Plants?
Which factors will impact the growth of the market?
How will changing trends impact the strategies of market players?
How can market players capture the low-hanging opportunities across regions?
Which companies are leading the Asphalt Mixing Plants industry?
What are the winning strategies of stakeholders in the market?

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