Press release
Asphalt Paver Market could be worth US$ 2,261.12 billion by 2031, says Premium Market Insights
Asphalt Paver Market Size And Forecast (2021 - 2031), Global And Regional Share, Trend, And Growth Opportunity Analysis Report Coverage: By Type (Wheeled Asphalt Pavers And Tracked Asphalt Pavers), Paving Width (Below 2.5 Meter, 2.5 To 5 Meter, And Above 5 Meter), And Geography The asphalt paver market size was valued at US$ 2,261.12 million in 2023 and is projected to reach US$ 3,118.04 million by 2031; it is expected to register a CAGR of 4.1% during 2023-2031.Get PDF Sample Report + All Related Table and Graphs @: https://www.premiummarketinsights.com/sample/TIP00079146?utm_source=OpenPR&utm_medium=10823
Competitive Landscape: Asphalt Paver Market:
On the basis of type, the global asphalt paver market is segmented as wheeled asphalt pavers, tracked asphalt pavers. Tracked asphalt pavers are projected to account for larger share of the market during the forecast period owing to its benefits. Some of the benefits of the tracked paver are higher precision, efficiency, traction and stability compared to wheeled pavers. Based on paving width, the global asphalt paver market is categorized as below 2.5-meter, 2.5 meter to 5 meter, above 5 meters.The asphalt paver market in South America is segmented into Brazil, Argentina, and the Rest of South America. For the last few years, industrialization has been growing at a significant rate, which has contributed a major share of the region's economic growth. The growing construction industry in the region, with a rising number of commercial and infrastructure construction, is driving the asphalt paver market. Brazil and Argentina account for the majority of the demand for asphalt pavers in the region, owing to population increase, urbanization, economic growth, and government investments. Furthermore, owing to low-cost labor, trade liberalization, and favorable government regulations, foreign companies are establishing factories and distribution hubs in developing countries of SAM. In 2024, IDB Invest announced investments of US$ 125 million for Colombia's 5th generation infrastructure project. In 2022, the Uruguayan road project received US$ 137 million in funding from Posadas to build a motorway in the Southern part of the country. Such developments are driving the demand for construction machines, ultimately increasing the growth of asphalt paver market in the region.
AB Volvo
Astec Industries Inc.
Caterpillar Inc.
Sany Heavy Industry Co Ltd.
Sumitomo Corp.
P Enterprise
XCMG Construction Machinery Co Ltd.
Deere & Co
FAYAT GROUP
Leeboy
Chapter Details of Asphalt Paver Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Asphalt Paver Market Landscape
Part 04: Asphalt Paver Market Sizing
Part 05: Asphalt Paver Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
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