Global Asphalt Pavers Market Set to Achieve a 3.5% CAGR, projected to Exceed USD 3,886.3 million by 2035

In 2024, the size of the global asphalt pavers market was USD 2,420.0 million. The global market for asphalt pavers is anticipated to reach USD 2,526.5 million in 2025 after recording a 3.8% year-over-year rise in 2024. Global sales of asphalt pavers are expected to grow quickly at a 4.4% CAGR during the 2025-2035 projection period, reaching a market size of USD 3,886.3 million by the end of 2035.

One of the main drivers propelling the worldwide asphalt pavers market is the fast urbanization, rising government investment, and robust growth of the road infrastructure around the globe.

Asphalt pavers are a crucial part of the transportation infrastructure. On roadways, parking lots, and other similar locations, this road construction machinery is used to lay asphalt concrete or Portland cement concrete. On building sites, they apply partially compacted asphalt on flat areas.

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The growing economy and expansion of the road infrastructure are expected to drive up demand for road construction equipment like asphalt pavers during the forecast period. In emerging countries, substantial infrastructure projects are being created for roads, bridges, and ports. These programs aim to enhance the transportation systems of several countries.

Global demand for asphalt pavers is likely to rise as a result of the rising need for dependable road and transportation infrastructure as well as increased road and highway construction activity in both the urban and rural areas.
Similarly, development of new asphalt pavers with better fuel efficiency, and safety and user-friendly features is expected to create lucrative growth opportunities for the manufacturers over the next ten years.

Key Takeaways of Asphalt Pavers Market Study

• By product type, the value of the track asphalt pavers segment is projected to increase at a value CAGR of 4.0% during the forecast period.

• In terms of working width, upto 2.6m segment is anticipated to account for more than 52.2% of the global market.

• Based on power, 75 to 110 HP asphalt pavers segment is projected to grow at a value CAGR of 3.8% between 2025 and 2035.

• South Asia Pacific asphalt pavers market is projected to expand at 5.6%, making it the most lucrative market.

• East Asia asphalt pavers market is predicted to expand at a volume CAGR of roughly 3.4% during the forecast period.

• Demand for asphalt pavers across China is anticipated to grow at a value CAGR of 3.5% over the next ten years.

"The global demand for road construction equipment like asphalt pavers is predicted to be driven by rapid urbanization and population growth. Besides this, rising government spending on the development of transportation infrastructure is anticipated to boost the market for asphalt pavers," says Future Market insights analyst

Who is Winning?

The top manufacturers dominate the Asphalt Pavers market globally, which is moderately consolidated. Market players are attempting to increase their market share by creating new equipment and modernizing existing product lines thanks to technological advancements. To increase their sales channels in the market, the major corporations are looking to partner with rental businesses.

Manufacturers of asphalt pavers also adhere to important supply trends including the introduction of new products and significant expenditures on R&D. Caterpillar Inc., Fayat Group, SUMITOMO CONSTRUCTION MACHINERY CO., LTD., Ammann Group Holding AG, AB Volvo, and Sany Heavy Industries Limited are a few of the market's major participants.

Find More Valuable Insights

The research report analyzes the market demand trends of Asphalt Pavers. The Global market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of Asphalt Pavers. As per Future Market Insights research scope, the Asphalt Pavers Market has been studied and segmented on the basis of product type, Working Width, and Power.

The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.

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Key Segments Covered in Asphalt Pavers Industry Analysis

By Product Type:
• Track Asphalt Pavers
• Wheel Asphalt Pavers

By Working Width:
• Up to 2.6m
• 2.6 to 4m
• More than 4m

By Power:
• Up to 75 HP
• 75-110 HP
• 110 - 150 HP
• More than 150 HP

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