Press release
Rising Road Traffic Accelerates Demand Driving Growth In The Asphalt Pavers Market Worldwide: Powering Innovation and Expansion in the Asphalt Pavers Market by 2025
Asphalt Pavers Market
What Is the Expected CAGR for the Asphalt Pavers Market Through 2025?
The market size for asphalt pavers has experienced robust growth in the past few years. The market is predicted to expand from a size of $2.4 billion in 2024 to $2.62 billion in 2025, with a compound annual growth rate (CAGR) of 9.3%. Factors contributing to this growth during the past period include the expansion of infrastructure, upkeep and renovation, population increase, governmental financial support, the demand for high-quality roads, growth in the transportation sector, and environmental statutes.
What's the Projected Size of the Global Asphalt Pavers Market by 2029?
The market size of asphalt pavers is predicted to witness a swift expansion in the coming years. The market value is set to rise to $3.85 billion by 2029, showcasing a compound annual growth rate (CAGR) of 10.1%. The anticipated growth in this period can be credited to the rise in smart infrastructure projects, sustainable energy ventures, residential building activities, an escalating need for sustainable alternatives, and the refurbishment of outdated infrastructure. Key trends anticipated within this period encompass the introduction of electric and hybrid pavers, the execution of remote monitoring and maintenance, customisation and versatility in pavers, the advancement of smart paving technologies, and the inclusion of safety features.
View the full report here:
https://www.thebusinessresearchcompany.com/report/asphalt-pavers-global-market-report
Top Growth Drivers in the Asphalt Pavers Industry: What's Accelerating the Market?
The growing road traffic in different regions across the globe is predicted to fuel the expansion of the asphalt pavers market. Road traffic envelopes human pedestrians, vehicles, animals being ridden or herded, streetcars, and other transport modes journeying on a common route, either solo or in groups. Traffic congestion is primarily due to the escalating number of vehicles resulting from population amplification and economic progression. The swell in road traffic globally reinforces the necessity for improved transport links, thereby driving asphalt paver demands for new roads, bridges, and highways. For example, a Government Technology report in January 2023, highlighted that drivers in the United States spent nearly 4.8 billion hours stuck in traffic in 2022. The report further revealed that the average American driver lost $869 in 2022 due to traffic-related delays, an increase from $305 in 2021. As a result of the escalating road traffic in different regions across the globe, the asphalt pavers market is expected to grow.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7813&type=smp
What Are the Key Trends Driving Asphalt Pavers Market Growth?
The asphalt pavers market is experiencing a surge in popularity driven by advancements in technology. The advent of 3D paving technology has been a notable development, enabling autonomous procedures in construction via remote sensing and milling control systems technology. Prominent companies within this market are committed to creating new technological solutions to bolster their standing. For instance, in September 2024, Roos Groep, renowned for its specialization in road construction and based in the Netherlands, unveiled an entirely electric slipform paver created to bring a sea change in road construction. This novel paver, running on electricity, cra*ps the need for fossil fuels and substantially reduces the carbon footprint. The paver is augmented with Leica Geosystems' MC1 3D machine control solution; using a dual GNSS for heading and a total station for accurate height control, it achieves millimeter precision. This incorporation enables Roos Groep to enhance energy efficiency, lessen operational downtime, and boost overall performance.
What Are the Main Segments in the Asphalt Pavers Market?
The asphalt paversmarket covered in this report is segmented -
1) By Type: Track Pavers, Wheel Pavers, Screeds
2) By Paving Width: Less Than 2.5 Meters, 2.5 - 5 Meters, More Than 5 Meters
3) By Technology: Hydrostatic, Mechanical
Subsegments:
1) By Track Pavers: Compact Track Pavers, Full-Size Track Pavers
2) By Wheel Pavers: Compact Wheel Pavers, Large Wheel Pavers
3) By Screeds: Vibratory Screeds, Tamper Screeds, Hydraulic Screeds
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=7813&type=smp
Which Top Companies are Driving Growth in the Asphalt Pavers Market?
Major companies operating in the asphalt pavers market include Liebherr Group, Caterpillar Inc., Deere & Company, AB Volvo, Roadtec Inc., Komatsu Ltd., CNH Industrial Inc., Joseph Vögele AG, XCMG Construction Machinery Company Ltd., Sany Heavy Industries Limited, Hitachi Construction Machinery Co. Ltd., Zoomlion Company Limited, Fayat Group, Ingersoll Rand, Guangxi LiuGong Machinery Co. Ltd., New Holland Construction, Wirtgen Group, Astec Industries Inc., Bomag GmbH, Sakai Heavy Industries Ltd., Weiler Corporation, Ammann Group, VT LeeBoy Inc., Sumitomo Construction Machinery Co. Ltd., Shanghai Zenith Machinery Co. Ltd., Hamm Maschinenfabrik GmbH, ABG Maschinenfabrik GmbH, CASE Construction Equipment, HD Hyundai Infracore Co. Ltd.
Which Regions Will Dominate the Asphalt Pavers Market Through 2029?
Asia-Pacific was the largest region in the asphalt pavers market in 2024. The regions covered in the asphalt pavers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7813
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Rising Road Traffic Accelerates Demand Driving Growth In The Asphalt Pavers Market Worldwide: Powering Innovation and Expansion in the Asphalt Pavers Market by 2025 here
News-ID: 4201550 • Views: …
More Releases from The Business Research Company
2025-2034 Advanced Packaging Technologies Market Outlook: Key Drivers, Emerging …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Advanced Packaging Technologies Industry Market Size Be by 2025?
The market size for advanced packaging technologies has seen swift expansion in recent years. Its value is projected to increase from $7.24 billion in 2024 to $8.03 billion in 2025, reflecting a compound annual growth rate (CAGR)…
Unit Load Device Industry Outlook 2025-2029: Market Set to Cross $2.93 Billion M …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Unit Load Device Market Size By 2025?
The size of the unit load device market has been gradually expanding over the last few years. It is projected to rise from $2.26 billion in 2024 to $2.35 billion in 2025, achieving a compound annual growth rate…
Key Trends Reshaping the Subsea Well Access System Market: Baker Hughes Leads Th …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Subsea Well Access System Market Size Growth Forecast: What to Expect by 2025?
The market size for the subsea well access system has seen a consistent rise in recent years. The market expects growth from $3.8 billion in 2024 to $3.91 billion in 2025, reflecting a compound annual growth…
Self-Service Coffee Machines: Fueled By Growing Coffee Consumption: A Key Cataly …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Self Service Coffee Machine Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for self-service coffee machines has seen robust expansion of late. From $6.47 billion in 2024, it is projected to rise to $6.84 billion in 2025, with a compound annual growth rate…
More Releases for Pavers
Slipform Pavers Market Comprehensive Industry Trends for 2032
The Slipform Pavers market represents a vital segment of the construction equipment industry, playing a crucial role in the efficient and effective paving of roads, highways, and other surfaces. This market has evolved significantly, driven by the increasing need for high-quality pavement solutions and the growing demand for infrastructure development globally. Slipform pavers are characterized by their ability to lay concrete continuously without the need for forms, resulting in a…
Pavers Research:CAGR of 3.52% during review period
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Paver- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
A paver…
Pavers Santa Barbara: Paving the Way to Elegance
As individuals seek to enhance the aesthetic appeal of their outdoor spaces while prioritizing durability and functionality, the use of pavers Santa Barbara has become a hallmark of elegant residential and commercial landscapes.
In the picturesque coastal enclave of Santa Barbara, homeowners and businesses are increasingly turning to pavers, versatile units typically made from concrete, natural stone, or brick, to revolutionize outdoor design. Offering a sophisticated alternative to traditional pavement solutions,…
Global Asphalt Pavers Market Share 2020-2025
GLOBAL INFO RESEARCH has lately published a new report titled, *Global Asphalt Pavers Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025*. The researchers have offered a broad understanding of the industry with the help of research methodologies such as PESTLE Analysis and Porter's Five Forces.
Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/Global-Asphalt-Pavers_p394669.html
At the start, the report lays emphasis on the key trends and opportunities that…
Global Brick Pavers Market Data Survey Report 2025
Global Brick Pavers Market examination likewise dissects the market status, piece of the overall industry, development rate, future patterns, advertise drivers, openings and difficulties, dangers and passage boundaries, deals channels, wholesalers and Porter's Five Forces Analysis.
The Global Brick Pavers Market showcase was esteemed at Million US$ in 2017 and is anticipated to achieve Million US$ by 2025, at a CAGR of amid the conjecture time frame. In this investigation,…
Research Report and Overview on Asphalt Pavers Market
Unpaved roads account for more than 40% of the roads globally. These unpaved roads can deteriorate quickly due to traffic, weather changes and bad habit of driving leading to accidents in most of the cases. The need to have paved roads is considered as a priority for growing infrastructure development globally and has driven the demand to produce more asphalt pavers. An asphalt paver is a construction equipment machinery generally…
