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Asphalt Pavers Market

Asphalt Pavers: Premium Solution for Superior Road Surfaces! Find Out with FMI How These Road Construction Equipment Are Helping Companies to Develop Better Road Surfaces Across the U.S., Japan, Korea, the U.K., and 30+Countries!

Asphalt Pavers Market by Product Type, Working Width, Power & Region – Forecast for 2022 – 2032

Asphalt Pavers Market Outlook 2022-2032

The global asphalt pavers market size reached US$ 2,135.0 Mn in 2021 and it is likely to touch a valuation of US$ 2,220.4 Mn in 2022. Furthermore, with rising government investments in developing and upgrading road infrastructure, the overall sales of asphalt pavers is poised to surge at 4.4% CAGR between 2022 and 2032, surpassing a total valuation of US$ 3,414.6 Mn by 2032.

Based on product type, track asphalt pavers segment currently accounts for more than 74% share of the asphalt pavers industry. This can be attributed to the rising end user preference for track asphalt pavers due to their easy mobility, improved fuel efficiency, and secure operability.

Asphalt pavers are road construction equipment used to lay asphalt concrete or Portland cement concrete on roads, parking lots, and other such places. These machines distribute, shape, and partially compact asphalt over flat surfaces on construction sites. They help road construction companies to develop superior road surfaces in quick intervals of time. Adoption of these machines has made road construction easier and faster.

Increasing need for constructing new roads and repairing the old ones due to rapid urbanization and increasing vehicle ownership, launch of new highway projects by governments, and growing usage of road construction equipment are some of the key factors expected to generate high demand for asphalt pavers during the forecast period.

Road travel accounts for a sizable share of both passenger and freight transit, making it a dominant mode. During the anticipated time frame, there will be a rise in demand for road construction equipment due to the growing need for smoother and faster commutes. As a result of increased capital spending in various countries, the market for asphalt pavers is anticipated to expand and generate an absolute $ opportunity of about US$ 1,194.2 Mn by the end of 2023.

Large infrastructure projects are being built for roads, bridges, and ports in developing nations. These initiatives are meant to improve nations' transportation systems. Currently, asphalt pavers make up between 1.5- 2.0% of the parent market as a result of their expanding use in road infrastructure projects.

Another key factor that is expected to boost the worldwide asphalt pavers industry is the development of energy efficient asphalt pavers. Construction firms all over the world are concentrating more on sustainable development to obtain certifications for energy efficiency. As a result, manufacturers are refocusing their efforts on the development of user-friendly, energy-efficient, and low-emission road construction equipment, and asphalt pavers are no exception.

Several manufacturers are releasing updated models with functional features and excellent performance levels. Asphalt pavers that are energy-efficient and suitable for many jobs, including road building, bridges, and highway construction and maintenance, are being developed by manufacturers of road construction equipment.

Additionally, the focus is shifting towards more eco-friendly construction equipment due to implementation of stringent environmental regulations and need for reducing pollution levels. For instance, in January 2021, BAM Infra Nederland, Royal BAM Group’s Dutch civil engineering company, commissioned Wirtgen and New Electric to convert an asphalt spreading machine into the world's first fully electrically driven asphalt spreading paver. The company estimates that on an annual basis, the use of this machine will save more than 93,000 kilograms of CO? and 115,000 grams of nitrogen oxide emissions.

Attribute

Key Insights

Global Asphalt Pavers Market Base Value (2021A)

US$ 2,135.0 Mn

Estimated Market Value (2022E)

US$ 2,220.4 Mn

Projected Market Value (2032F)

US$ 3,414.6 Mn

Value-based CAGR (2022-2032)

4.4 %

Collective Value Share: Top 3 Countries (2022)

49.5%

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Demand Analysis of Asphalt Pavers from 2017 to 2021 Vs Market Forecast for 2022 to 2032

According to Future Market Insights, the global demand for asphalt pavers increased at a sluggish CAGR of 1.4% during the historical period from 2017 to 2021 and reached a valuation of US$ 2,135.0 Mn by the end of 2021.

However, with increasing government investments in developing and upgrading road infrastructure worldwide, the overall market for asphalt pavers is anticipated to expand at 4.4% CAGR between 2022 and 2032.

The growing demand for reliable road and transportation infrastructure, along with increased construction activity in both the residential and commercial sectors, is likely to increase demand for asphalt pavers globally over the projection period.

Because of the increased demand for compact-sized asphalt pavers brought on by increased road maintenance activities and the growth of urban areas, many geographic areas will experience an increase in the need for road transport equipment, which will eventually lead to the market’s expansion.

Several domestic governments are concentrating on investing in road transportation infrastructure in order to improve their economies, which is anticipated to boost the market for road construction equipment, thereby creating significant opportunities for asphalt paver manufacturers.

Comparative Analysis of Asphalt Pavers Markets

Asphalt Pavers Market:

Differentiating Aspects

Asphalt Pavers Market

CAGR in 2022-2032

4.4%

Current Valuation in 2022

US$ 2,220.4 Mn

Projected Valuation in 2032

US$ 3,414.6 Mn

Demand Drivers

  • Rising government spending on building and developing road infrastructures worldwide is generating high demand for asphalt pavers.
  • Introduction of technologically advanced asphalt and road pavers with high fuel efficiency and eco-friendly features will boost sales over the next decade.

Asphalt Mixing Plants Market:

Differentiating Aspects

Asphalt Mixing Plants Market

CAGR in 2022-2032

2.4%

Current Valuation in 2022

US$ 6.6 Bn

Projected Valuation in 2032

US$ 8.5 Bn

Demand Drivers

  • Increasing road construction activities, especially across developing regions is expected to drive the global asphalt mixing plants market swiftly during the forecast period.
  • Growing adoption of novel technology in asphalt mixing plants will boost sales during the forthcoming decade.

Compact Construction Equipment Market:

Differentiating Aspects

Compact Construction Equipment Market

CAGR in 2022-2032

3.8%

Current Valuation in 2022

US$ 208 Bn (2021)

Projected Valuation in 2032

US$ 302.2 B

Demand Drivers

  • Robust growth of the building and commercial sectors globally is a key factor driving the global compact construction equipment market.
  • Increasing government investments in building smart cities along with technological advancements in construction equipment will boost sales over the next ten years.
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What are the Key Trends Shaping the Asphalt Pavers Industry?

“Increasing Funding for Construction of Road Infrastructure Boosting Market”

The main focus in many regions has been on enhancing road connections for the rising urban and rural areas as well as the burgeoning population. Because it makes imports and exports more convenient, transportation infrastructure is crucial to a nation's prosperity.

Large road construction projects are currently underway in emerging nations to strengthen the infrastructure supporting domestic transportation systems. For instance, as per the India Brand Equity Foundation (IBEF), the Indian government is aiming to construct 65,000 kms of national highways at a cost of Rs. 5.35 lakh crore by 2022. To accomplish compaction, asphalt pavers are widely used in road construction projects.

Different types of asphalt pavers are available, enabling efficient construction even on smaller roads in developing nations. Therefore, improvements in transportation infrastructure are probably going to result in a rise in demand for asphalt paving, especially in developing nations.

“Growing Rental Activities Fueling Market Expansion”

An important driver of the asphalt pavers market is the rise in heavy equipment rentals. Globally, the rental market has appeared to be driving revolutionary growth. Many businesses in the construction industry seek to abbreviate the project length due to the rise in the number of construction projects and the urgency of their completion. As a result, there is a requirement for more equipment to be ready in a shorter amount of time for the start of road construction activities.

Contractors have a cost-effective option in renting or leasing equipment like asphalt pavers. There is no need to purchase new machines because construction equipment can be used for a set amount of time before being returned, saving money. This makes equipment available in a short period and enables timely execution of projects.

Region-wise Insights

Why are Asphalt Paver Manufacturers Eyeing the South Asia Pacific Market?

“Increasing Investment in Construction Activities to Tempting Manufacturers to Enter South Asia Pacific Market”

Globally, key manufacturers are focusing on increasing their regional market and are involved in marking their direct presence in the local markets through joint ventures and acquisitions with contractors and rental companies, along with increasing focus on research and development activities to develop paver machines that abide by emission standards.

South Asia Pacific asphalt pavers market is anticipated to grow at a value CAGR of roughly 5.6% over the projection period, reaching a valuation of approximately US$ 348.8 Mn in 2032.

To improve their economies, many domestic governments are funding various infrastructure projects. For instance, the Indian government's National Infrastructure Projects has started almost 6,500 projects in a variety of industries, including energy, transportation, and railroads, to help the nation's economy.

Similar investments are seen in other South Asian nations, leading to an increase in road construction equipment like asphalt pavers. This is tempting various companies to expand their business across the lucrative market of South Asia pacific.

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Country-Wise Insights

Why is the China Asphalt Pavers Market Exhibiting Steady Growth?

“Rising Popularity of Rentals Boosting Market in China”

According to Future Market Insights, the overall market for asphalt pavers across China is anticipated to grow at a value CAGR of 3.5% between 2022 and 2023, creating an absolute $ opportunity of about US$ 198.3 Mn.

Rapid infrastructure development, strong presence of leading asphalt manufacturers, and growing popularity of rentals are some of the key factors driving China’s asphalt pavers industry forward.

Infrastructure spending has had a huge role to play in China’s meteoric economic rise over the last few decades. Right from laying hundreds and thousands of miles of railway tracks to building record-breaking bridges, the Chinese government is investing vigorously to improve the quality of life for the population. This in turn is creating high demand for road construction equipment such as asphalt pavers.

Why is Demand for Asphalt Pavers Rising Rapidly Across the U.S.?

Rising Government Investments in Road Infrastructure Propelling Demand in the U.S.”

As per FMI, it is anticipated that the U.S. market for asphalt pavers will have more than 80% of the market share in North America throughout the forecast timeframe. The U.S. market for asphalt pavers is anticipated to grow as maintenance and repair activities for roads and highways continue to increase.

Similarly, rising government investments in developing and expanding road infrastructure and availability of advanced road construction technologies are generating high demand for asphalt pavers in the U.S. market during the assessment period.

In recent years, there has been a dramatic rise in government spending on road infrastructure projects. For instance, as per the American Road & Transportation Builders Association, State governments directed US$ 29 billion in federal funds to advance US$ 70 billion in highway improvements during fiscal year 2020. This will continue to boost sales of asphalt pavers as they are being extensively used during road building and upgrading activities.

Category-wise Insights

Which Type of Asphalt Pavers is High in Demand?

“Track Asphalt Pavers Remain Highly Sought-After Product Type”

Based on product type, the global market is segmented into track asphalt pavers and wheel asphalt pavers. Among these, the track asphalt pavers segment is anticipated to expand at 4.0% CAGR between 2022 and 2032, reaching a market valuation of approximately US$ 2,437.6 Mn by 2032.

Pavers with tracks provide better traction for difficult jobs that require pushing big haul units up steep gradients or have bad ground conditions. Higher mobility, smooth operation, and increased output are all features of track asphalt pavers. Because of their easy mobility, improved fuel efficiency, and secure operability, track asphalt pavers are favored by the world's road construction industry

Why are the Sales of Up to 2.6m Asphalt Pavers Rising in the Market?

Compact Nature of Up to 2.6m Asphalt Pavers Fuelling Their Sales”

As per FMI, up to 2.6m asphalt pavers segment is anticipated to grow at 4.0% CAGR during the forecast period, reaching a valuation of around US$ 1,714.6 Mn. This can be attributed to the rising adoption of asphalt pavers with working widths of up to 2.6m by leading road construction companies.

As the need for durable roads and high-quality paving both grow rapidly across many geographies, companies are utilizing highly efficient road construction equipment. Compact asphalt pavers are becoming more popular due to their numerous uses in cramped places, narrow roadways, tiny parking lots, and other urban locations, as well as their ease of transportation and improved visibility.

On the other hand, demand for 2.6 to 4m asphalt pavers and more than 4m asphalt paves is also expected to grow at a significant pace during the forthcoming decade. This can be attributed to the rising usage of these big road construction machines in large-scale infrastructures.

The huge worldwide change taking place in the road infrastructure sector has an impact on both emerging and developing nations. Large-scale infrastructure projects are currently being carried out in developing countries to strengthen the foundation of transportation, including the development of roads, trains, bridges, and ports. Due to significant government investment in building highways and wider roads in both urban and rural areas, there is an increase in demand for wider-width paved machines in many developing nations.

Competitive Landscape

Asphalt paver manufacturers are continuously under pressure to boost the machine's performance due to its design and safety aspects. In this moderately consolidated market for asphalt pavers, a small number of companies, including Caterpillar Inc., Fayat Group, SUMITOMO CONSTRUCTION MACHINERY CO., LTD., Ammann Group Holding AG, AB Volvo, and Sany Heavy Industries Limited, hold the majority of the market share.

By introducing new products and working together with contractors and rental companies, manufacturing companies intend to improve the market supply of their asphalt pavers. Some of the key developments in the market are given under:

  • Vögele introduced two compact class pavers which are ideal for construction projects that are relatively small at Bauma 2022.
  • In December 2021, Caterpillar Inc. added a new compact line of asphalt pavers and screeds to the company’s paving products family.
  • In 2018, Ammann completed the first delivery of AFT 700-3 large tracked paver to Imboden, a popular road construction company.
  • In December 2017, Ammann Group launched a new, technologically advanced line of asphalt pavers.

Asphalt Pavers Industry Report Scope

Attribute

Details

Estimated Market Size (2022)

US$ 2,220.4 Mn

Projected Market Size (2032)

US$ 3,414.6 Mn

Anticipated Market Size (2022-2032)

4.4% CAGR

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

US$ Mn for Value

Key Regions Covered

North America, Latin America, Europe, Asia Pacific, and Middle East & Africa

Key Countries Covered

U.S., Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, BENELUX, Russia, China, japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, South Africa, Northern Africa.

Key Market Segments Covered

Product Type, Working Width, Power

Key Companies Profiled

  • Caterpillar Inc.
  • Fayat Group
  • SUMITOMO CONSTRUCTION MACHINERY CO.,LTD.
  • Ammann Group Holding AG
  • AB Volvo
  • Sany Heavy Industries Limited
  • Xuzhou Construction Machinery Group Co. Ltd
  • China National Machinery Industry Corporation
  • Astec Industries, Inc.
  • LeeBoy
  • HANTA MACHINERY Co., Ltd.
  • Weiler Inc
  • B.G. Pavers Ltd

Report Coverage

Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

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

Frequently Asked Questions

The global market for asphalt pavers is expected to reach US$ 2,220.4 Mn in 2022.

Demand for asphalt pavers is anticipated to increase at 4.4% CAGR between 2022 and 2032.

The worldwide asphalt pavers industry is projected to reach a valuation of US$ 3,414.6 Mn by 2032.

Tier-1 companies include the Caterpillar Inc., Fayat Group, SUMITOMO CONSTRUCTION MACHINERY CO.,LTD., Ammann Group Holding AG and AB Volvo.

The German market for asphalt pavers is expected to be valued about US$ 198.2 Mn in 2032.

Track asphalt pavers segment will continue to lead the worldwide pavers industry, accounting for nearly 74% share by volume in 2022.

Up to 2.6m segment leads the global market with about 51% of the total market share.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Global Demand Analysis 2017-2021 and Forecast, 2022–2032

    5.1. Historical Market Volume (Units) Analysis, 2017-2021

    5.2. Current and Future Market Volume (Units) Projections, 2022–2032

    5.3. Y-o-Y Growth Trend Analysis

6. Global - Pricing Analysis

    6.1. Regional Pricing Analysis By Product Type

    6.2. Global Average Pricing Analysis Benchmark

7. Global Demand (in Value or Size in US$ Mn) Analysis 2017-2021 and Forecast, 2022–2032

    7.1. Historical Market Value (US$ Mn) Analysis, 2017-2021

    7.2. Current and Future Market Value (US$ Mn) Projections, 2022–2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global GDP Growth Outlook

        8.1.2. Global Population Overview

        8.1.3. Global Construction Spending Outlook

        8.1.4. Global Road Industry Overview

        8.1.5. Global Industry Value Added Overview

        8.1.6. Global Manufacturing Value Added Overview

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. Global urbanization Outlook

        8.2.2. Top Companies Historical Growth

        8.2.3. Regulatory Impact Outlook

        8.2.4. E-Commerce Industry Outlook

        8.2.5. Global Capital Expenditure Overview

        8.2.6. Technological Advancements

    8.3. Value Chain

        8.3.1. List of Manufacturers

        8.3.2. List of Distributors

        8.3.3. End Users

    8.4. COVID-19 Crisis – Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

9. Global Analysis 2017-2021 and Forecast 2022–2032, by Product Type

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Product Type, 2017-2021

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2022–2032

        9.3.1. Track

        9.3.2. Wheel

    9.4. Market Attractiveness Analysis By Product Type

10. Global Analysis 2017-2021 and Forecast 2022–2032, by Working Width

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Working Width, 2017-2021

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Working Width, 2022–2032

        10.3.1. Up to 2.6 m

        10.3.2. 2.6 to 4 m

        10.3.3. More than 4 m

    10.4. Market Attractiveness Analysis By Working Width

11. Global Analysis 2017-2021 and Forecast 2022–2032, by Power

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By Power, 2017-2021

    11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Power, 2022–2032

        11.3.1. Up to 75 HP

        11.3.2. 75-110 HP

        11.3.3. 110 - 150 HP

        11.3.4. More than 150 HP

    11.4. Market Attractiveness Analysis By Power

12. Global Analysis 2017-2021 and Forecast 2022–2032, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2017-2021

    12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2022–2032

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Europe

        12.3.4. East Asia

        12.3.5. South Asia and Pacific

        12.3.6. Middle East and Africa

    12.4. Market Attractiveness Analysis By Region

13. North America Analysis 2017-2021 and Forecast 2022–2032

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032

        13.4.1. By Country

            13.4.1.1. U.S.

            13.4.1.2. Canada

        13.4.2. By Product Type

        13.4.3. By Working Width

        13.4.4. By Power

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Product Type

        13.5.3. By Working Width

        13.5.4. By Power

14. Latin America Analysis 2017-2021 and Forecast 2022–2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032

        14.4.1. By Country

            14.4.1.1. Brazil

            14.4.1.2. Mexico

            14.4.1.3. Rest of Latin America

        14.4.2. By Product Type

        14.4.3. By Working Width

        14.4.4. By Power

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Product Type

        14.5.3. By Working Width

        14.5.4. By Power

15. Europe Analysis 2017-2021 and Forecast 2022–2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032

        15.4.1. By Country

            15.4.1.1. Germany

            15.4.1.2. Italy

            15.4.1.3. France

            15.4.1.4. U.K.

            15.4.1.5. Spain

            15.4.1.6. BENELUX

            15.4.1.7. Russia

            15.4.1.8. Rest of Europe

        15.4.2. By Product Type

        15.4.3. By Working Width

        15.4.4. By Power

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Product Type

        15.5.3. By Working Width

        15.5.4. By Power

16. East Asia Analysis 2017-2021 and Forecast 2022–2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032

        16.4.1. By Country

            16.4.1.1. China

            16.4.1.2. Japan

            16.4.1.3. South Korea

        16.4.2. By Product Type

        16.4.3. By Working Width

        16.4.4. By Power

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Product Type

        16.5.3. By Working Width

        16.5.4. By Power

17. South Asia and Pacific Analysis 2017-2021 and Forecast 2022–2032

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032

        17.4.1. By Country

            17.4.1.1. India

            17.4.1.2. ASEAN

            17.4.1.3. Australia and New Zealand

            17.4.1.4. Rest of SAP

        17.4.2. By Product Type

        17.4.3. By Working Width

        17.4.4. By Power

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Product Type

        17.5.3. By Working Width

        17.5.4. By Power

18. Middle East and Africa Analysis 2017-2021 and Forecast 2022–2032

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032

        18.4.1. By Country

            18.4.1.1. GCC Countries

            18.4.1.2. Turkey

            18.4.1.3. South Africa

            18.4.1.4. Northern Africa

            18.4.1.5. Rest of Middle East and Africa

        18.4.2. By Product Type

        18.4.3. By Working Width

        18.4.4. By Power

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Product Type

        18.5.3. By Working Width

        18.5.4. By Power

19. Country Wise Analysis 2022-2032

    19.1. Introduction

        19.1.1. Market Value Proportion Analysis, By Key Countries

        19.1.2. Global Vs. Country Growth Comparison

    19.2. U.S. Analysis

        19.2.1. By Working Width

        19.2.2. By Power

        19.2.3. By Product Type

    19.3. Canada Analysis

        19.3.1. By Working Width

        19.3.2. By Power

        19.3.3. By Product Type

    19.4. Mexico Analysis

        19.4.1. By Working Width

        19.4.2. By Power

        19.4.3. By Product Type

    19.5. Brazil Analysis

        19.5.1. By Working Width

        19.5.2. By Power

        19.5.3. By Product Type

    19.6. Germany Analysis

        19.6.1. By Working Width

        19.6.2. By Power

        19.6.3. By Product Type

    19.7. Italy Analysis

        19.7.1. By Working Width

        19.7.2. By Power

        19.7.3. By Product Type

    19.8. France Analysis

        19.8.1. By Working Width

        19.8.2. By Power

        19.8.3. By Product Type

    19.9. U.K. Analysis

        19.9.1. By Working Width

        19.9.2. By Power

        19.9.3. By Product Type

    19.10. Spain Analysis

        19.10.1. By Working Width

        19.10.2. By Power

        19.10.3. By Product Type

    19.11. NORDICS Analysis

        19.11.1. By Working Width

        19.11.2. By Power

        19.11.3. By Product Type

    19.12. Russia Analysis

        19.12.1. By Working Width

        19.12.2. By Power

        19.12.3. By Product Type

    19.13. China Analysis

        19.13.1. By Working Width

        19.13.2. By Power

        19.13.3. By Product Type

    19.14. Japan Analysis

        19.14.1. By Working Width

        19.14.2. By Power

        19.14.3. By Product Type

    19.15. S. Korea Analysis

        19.15.1. By Working Width

        19.15.2. By Power

        19.15.3. By Product Type

    19.16. India Analysis

        19.16.1. By Working Width

        19.16.2. By Power

        19.16.3. By Product Type

    19.17. ASEAN Analysis

        19.17.1. By Working Width

        19.17.2. By Power

        19.17.3. By Product Type

    19.18. Australia and New Zealand Analysis

        19.18.1. By Working Width

        19.18.2. By Power

        19.18.3. By Product Type

    19.19. GCC Countries Analysis

        19.19.1. By Working Width

        19.19.2. By Power

        19.19.3. By Product Type

    19.20. Turkey Analysis

        19.20.1. By Working Width

        19.20.2. By Power

        19.20.3. By Product Type

    19.21. South Africa Analysis

        19.21.1. By Working Width

        19.21.2. By Power

        19.21.3. By Product Type

20. Market Structure Analysis

    20.1. Market Analysis by Tier of Companies

    20.2. Market Share Analysis of Top Players

    20.3. Market Presence Analysis

21. Competition Analysis

    21.1. Competition Dashboard

    21.2. Competition Benchmarking

    21.3. Competition Deep Dive

        21.3.1. Caterpillar Inc.

            21.3.1.1. Overview

            21.3.1.2. Product Portfolio

            21.3.1.3. Profitability by Market Segments (Product Type/Power/Working Width/Region)

            21.3.1.4. Sales Footprint

            21.3.1.5. Strategy Overview

        21.3.2. Ammann Group Holding AG

            21.3.2.1. Overview

            21.3.2.2. Product Portfolio

            21.3.2.3. Profitability by Market Segments (Product Type/Power/Working Width/Region)

            21.3.2.4. Sales Footprint

            21.3.2.5. Strategy Overview

        21.3.3. VT LeeBoy, Inc.

            21.3.3.1. Overview

            21.3.3.2. Product Portfolio

            21.3.3.3. Profitability by Market Segments (Product Type/Power/Working Width/Region)

            21.3.3.4. Sales Footprint

            21.3.3.5. Strategy Overview

        21.3.4. AB Volvo

            21.3.4.1. Overview

            21.3.4.2. Product Portfolio

            21.3.4.3. Profitability by Market Segments (Product Type/Power/Working Width/Region)

            21.3.4.4. Sales Footprint

            21.3.4.5. Strategy Overview

        21.3.5. Deere & Company (Wirtgen Group)

            21.3.5.1. Overview

            21.3.5.2. Product Portfolio

            21.3.5.3. Profitability by Market Segments (Product Type/Power/Working Width/Region)

            21.3.5.4. Sales Footprint

            21.3.5.5. Strategy Overview

        21.3.6. Astec Industries, Inc.

            21.3.6.1. Overview

            21.3.6.2. Product Portfolio

            21.3.6.3. Profitability by Market Segments (Product Type/Power/Working Width/Region)

            21.3.6.4. Sales Footprint

            21.3.6.5. Strategy Overview

        21.3.7. B.G. Pavers Ltd

            21.3.7.1. Overview

            21.3.7.2. Product Portfolio

            21.3.7.3. Profitability by Market Segments (Product Type/Power/Working Width/Region)

            21.3.7.4. Sales Footprint

            21.3.7.5. Strategy Overview

        21.3.8. Weiler Inc

            21.3.8.1. Overview

            21.3.8.2. Product Portfolio

            21.3.8.3. Profitability by Market Segments (Product Type/Power/Working Width/Region)

            21.3.8.4. Sales Footprint

            21.3.8.5. Strategy Overview

        21.3.9. Fayat Group

            21.3.9.1. Overview

            21.3.9.2. Product Portfolio

            21.3.9.3. Profitability by Market Segments (Product Type/Power/Working Width/Region)

            21.3.9.4. Sales Footprint

            21.3.9.5. Strategy Overview

        21.3.10. Xuzhou Construction Machinery Group Co. Ltd

            21.3.10.1. Overview

            21.3.10.2. Product Portfolio

            21.3.10.3. Profitability by Market Segments (Product Type/Power/Working Width/Region)

            21.3.10.4. Sales Footprint

            21.3.10.5. Strategy Overview

        21.3.11. Sany Heavy Industries Limited

            21.3.11.1. Overview

            21.3.11.2. Product Portfolio

            21.3.11.3. Profitability by Market Segments (Product Type/Power/Working Width/Region)

            21.3.11.4. Sales Footprint

            21.3.11.5. Strategy Overview

        21.3.12. China National Machinery Industry Corporation

            21.3.12.1. Overview

            21.3.12.2. Product Portfolio

            21.3.12.3. Profitability by Market Segments (Product Type/Power/Working Width/Region)

            21.3.12.4. Sales Footprint

            21.3.12.5. Strategy Overview

        21.3.13. HANTA MACHINERY Co., Ltd.

            21.3.13.1. Overview

            21.3.13.2. Product Portfolio

            21.3.13.3. Profitability by Market Segments (Product Type/Power/Working Width/Region)

            21.3.13.4. Sales Footprint

            21.3.13.5. Strategy Overview

        21.3.14. SUMITOMO CONSTRUCTION MACHINERY CO.,LTD.

            21.3.14.1. Overview

            21.3.14.2. Product Portfolio

            21.3.14.3. Profitability by Market Segments (Product Type/Power/Working Width/Region)

            21.3.14.4. Sales Footprint

            21.3.14.5. Strategy Overview

22. Assumptions and Acronyms Used

23. Research Methodology

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List of Tables

Table 01: Global Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Product Type

Table 02: Global Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Working Width

Table 03: Global Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Power

Table 04: Global Market Volume (‘000 Units) and Value (US$ Mn) Forecast by Region, 2017 – 2032

Table 05: North America Market Value (US$ Mn) and Volume (Units) Historical Data 2017–2021 and Forecast 2022–2032 By Country

Table 06: North America Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Product Type

Table 07: North America Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Working Width

Table 08: North America Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Power

Table 09: Latin America Market Volume (Units) and Value (US$ Mn) Historical Data 2017–2021 and Forecast 2022–2032 By Country

Table 10: Latin America Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Product Type

Table 11: Latin America Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Working Width

Table 12: Latin America Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Power

Table 13: Europe Market Value (US$ Mn) and Volume (Units) Historical Data 2017–2021 and Forecast 2022–2032 By Country

Table 14: Europe Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Product Type

Table 15: Europe Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Working Width

Table 16: Europe Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Power

Table 17: East Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2017–2021 and Forecast 2022–2032 By Country

Table 18: East Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Product Type

Table 19: East Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Working Width

Table 20: East Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Power

Table 21: South Asia & Pacific Market Value (US$ Mn) and Volume (Units) Historical Data 2017–2021 and Forecast 2022–2032 By Country

Table 22: South Asia and Pacific Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Product Type

Table 23: South Asia and Pacific Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Working Width

Table 24: South Asia and Pacific Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Power

Table 25: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Historical Data 2017–2021 and Forecast 2022–2032 By Country

Table 26: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Product Type

Table 27: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Working Width

Table 28: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Historical Data 2017 – 2021 and Forecast 2022-2032 By Power

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List of Charts

Figure 01: Global Market Historical Demand, 2017-2021

Figure 02: Global Market Demand Forecast, 2022-2032

Figure 03: Global Market Historical Value (US$ Mn), 2017-2021

Figure 04: Global Market Value (US$ Mn) Forecast, 2022-2032

Figure 05: Global Market Absolute $ Opportunity, 2022-2032

Figure 06: Global Market Share and BPS Analysis By Product Type – 2022 & 2032

Figure 07: Global Market Y-o-Y Growth Projections By Product Type, 2022-2032

Figure 08: Global Market Attractiveness By Product Type, 2022-2032

Figure 09: Global Market Absolute $ Opportunity, 2022-2032, by Track

Figure 10: Global Market Absolute $ Opportunity, 2022-2032, by Wheel Asphalt Pavers

Figure 11: Global Market Share and BPS Analysis By Working Width – 2022 & 2032

Figure 12: Global Market Y-o-Y Growth Projections By Working Width, 2022-2032

Figure 13: Global Market Attractiveness By Working Width, 2022-2032

Figure 14: Global Market Absolute $ Opportunity, 2022-2032, by Up to 2.6m segment

Figure 15: Global Market Absolute $ Opportunity, 2022-2032, by 2.6 to 4 m segment

Figure 16: Global Market Absolute $ Opportunity, 2022-2032, by More than 4 m segment

Figure 17: Global Market Share and BPS Analysis By Power– 2022 & 2032

Figure 18: Global Market Y-o-Y Growth Projections By Power, 2022-2032

Figure 19: Global Market Attractiveness By Power, 2022-2032

Figure 20: Global Market Absolute $ Opportunity 2022-2032, by Up to 75 HP segment

Figure 21: Global Market Absolute $ Opportunity 2022-2032, by 75-110 HP segment

Figure 22: Global Market Absolute $ Opportunity 2022-2032, by 110 - 150 HP segment

Figure 23: Global Market Absolute $ Opportunity 2022-2032, by More than 150 HP segment

Figure 24: Global Market Share and BPS Analysis By Region- 2022-2032

Figure 25: Global Market Y-o-Y Growth Projections By Region, 2022-2032

Figure 26: Global Market Attractiveness By Region, 2022-2032

Figure 27: Global Market Absolute $ Opportunity 2022-2032, by North America

Figure 28: Global Market Absolute $ Opportunity 2022-2032, by Latin America

Figure 29: Global Market Absolute $ Opportunity 2022-2032, by Europe

Figure 30: Global Market Absolute $ Opportunity 2022-2032, by East Asia

Figure 31: Global Market Absolute $ Opportunity 2022-2032, by South Asia & Pacific

Figure 32: Global Market Absolute $ Opportunity 2022-2032, by Middle East & Africa

Figure 33: North America Market Share and BPS Analysis by Country – 2022 & 2032

Figure 34: North America Market Y-o-Y Growth Projections by Country, 2022-2032

Figure 35: North America Market Attractiveness by Country, 2022-2032

Figure 36: U.S. Market Absolute $ Opportunity, 2022 – 2032

Figure 37: Canada Market Absolute $ Opportunity, 2022 – 2032

Figure 38: North America Market Share and BPS Analysis By Product Type – 2022 & 2032

Figure 39: North America Market Y-o-Y Growth Projections By Product Type, 2022-2032

Figure 40: North America Market Attractiveness By Product Type, 2022-2032

Figure 41: North America Market Share and BPS Analysis By Working Width – 2022 & 2032

Figure 42: North America Market Y-o-Y Growth Projections By Working Width, 2022-2032

Figure 43: North America Market Attractiveness By Working Width, 2022-2032

Figure 44: North America Market Share and BPS Analysis By Power– 2022 & 2032

Figure 45: North America Market Y-o-Y Growth Projections By Power, 2022-2032

Figure 46: North America Market Attractiveness By Power, 2022-2032

Figure 47: Latin America Market Share and BPS Analysis by Country – 2022 & 2032

Figure 48: Latin America Market Y-o-Y Growth Projections by Country, 2022-2032

Figure 49: Latin America Market Attractiveness by Country, 2022-2032

Figure 50: Mexico Market Absolute $ Opportunity, 2022 – 2032

Figure 51: Brazil Market Absolute $ Opportunity, 2022 – 2032

Figure 52: Rest of Latin America Market Absolute $ Opportunity, 2022 – 2032

Figure 53: Latin America Market Share and BPS Analysis By Product Type – 2022 & 2032

Figure 54: Latin America Market Y-o-Y Growth Projections By Product Type, 2022-2032

Figure 55: Latin America Market Attractiveness By Product Type, 2022-2032

Figure 56: Latin America Market Share and BPS Analysis By Working Width – 2022 & 2032

Figure 57: Latin America Market Y-o-Y Growth Projections By Working Width, 2022-2032

Figure 58: Latin America Market Attractiveness By Working Width, 2022-2032

Figure 59: Latin America Market Share and BPS Analysis By Power– 2022 & 2032

Figure 60: Latin America Market Y-o-Y Growth Projections By Power, 2022-2032

Figure 61: Latin America Market Attractiveness By Power, 2022-2032

Figure 62: Europe Market Share and BPS Analysis by Country – 2022 & 2032

Figure 63: Europe Market Y-o-Y Growth Projections by Country, 2022-2032

Figure 64: Europe Market Attractiveness by Country, 2022-2032

Figure 65: Germany Market Absolute $ Opportunity, 2022 – 2032

Figure 66: Italy Market Absolute $ Opportunity, 2022 – 2032

Figure 67: France Market Absolute $ Opportunity, 2022 – 2032

Figure 68: U.K. Market Absolute $ Opportunity, 2022 – 2032

Figure 69: Spain Market Absolute $ Opportunity, 2022 – 2032

Figure 70: BENELUX Market Absolute $ Opportunity, 2022 – 2032

Figure 71: Russia Market Absolute $ Opportunity, 2022 – 2032

Figure 72: Rest of Europe Market Absolute $ Opportunity, 2022 – 2032

Figure 73: Europe Market Share and BPS Analysis By Product Type – 2022 & 2032

Figure 74: Europe Market Y-o-Y Growth Projections By Product Type, 2022-2032

Figure 75: Europe Market Attractiveness By Product Type, 2022-2032

Figure 76: Europe Market Share and BPS Analysis By Working Width – 2022 & 2032

Figure 77: Europe Market Y-o-Y Growth Projections By Working Width, 2022-2032

Figure 78: Europe Market Attractiveness By Working Width, 2022-2032

Figure 79: Europe Market Share and BPS Analysis By Power– 2022 & 2032

Figure 80: Europe Market Y-o-Y Growth Projections By Power, 2022-2032

Figure 81: Europe Market Attractiveness By Power, 2022-2032

Figure 82: East Asia Market Share and BPS Analysis by Country – 2022 & 2032

Figure 83: East Asia Market Y-o-Y Growth Projections by Country, 2022-2032

Figure 84: East Asia Market Attractiveness by Country, 2022-2032

Figure 85: China Market Absolute $ Opportunity, 2022 – 2032

Figure 86: Japan Market Absolute $ Opportunity, 2022 – 2032

Figure 87: South Korea Market Absolute $ Opportunity, 2022 – 2032

Figure 88: East Asia Market Share and BPS Analysis By Product Type – 2022 & 2032

Figure 89: East Asia Market Y-o-Y Growth Projections By Product Type, 2022-2032

Figure 90: East Asia Market Attractiveness By Product Type, 2022-2032

Figure 91: East Asia Market Share and BPS Analysis By Working Width – 2022 & 2032

Figure 92: East Asia Market Y-o-Y Growth Projections By Working Width, 2022-2032

Figure 93: East Asia Market Attractiveness By Working Width, 2022-2032

Figure 94: East Asia Market Share and BPS Analysis By Power– 2022 & 2032

Figure 95: East Asia Market Y-o-Y Growth Projections By Power, 2022-2032

Figure 96: East Asia Market Attractiveness By Power, 2022-2032

Figure 97: South Asia & Pacific Market Share and BPS Analysis by Country – 2022 & 2032

Figure 98: South Asia & Pacific Market Y-o-Y Growth Projections by Country, 2022-2032

Figure 99: South Asia & Pacific Market Attractiveness by Country, 2022-2032

Figure 100: India Market Absolute $ Opportunity, 2022 – 2032

Figure 101: ASEAN Market Absolute $ Opportunity, 2022 – 2032

Figure 102: Australia & New Zealand Market Absolute $ Opportunity, 2022 – 2032

Figure 103: Rest of SAP Market Absolute $ Opportunity, 2022 – 2032

Figure 104: Europe Market Share and BPS Analysis By Product Type – 2022 & 2032

Figure 105: Europe Market Y-o-Y Growth Projections By Product Type, 2022-2032

Figure 106: Europe Market Attractiveness By Product Type, 2022-2032

Figure 107: South Asia and Pacific Market Share and BPS Analysis By Working Width – 2022 & 2032

Figure 108: South Asia and Pacific Market Y-o-Y Growth Projections By Working Width, 2022-2032

Figure 109: South Asia and Pacific Market Attractiveness By Working Width, 2022-2032

Figure 110: South Asia and Pacific Market Share and BPS Analysis By Power– 2022 & 2032

Figure 111: South Asia and Pacific Market Y-o-Y Growth Projections By Power, 2022-2032

Figure 112: South Asia and Pacific Market Attractiveness By Power, 2022-2032

Figure 113: Middle East & Africa Market Share and BPS Analysis by Country – 2022 & 2032

Figure 114: Middle East & Africa Market Y-o-Y Growth Projections by Country, 2022-2032

Figure 115: Middle East & Africa Market Attractiveness by Country, 2022-2032

Figure 116: GCC Countries Market Absolute $ Opportunity, 2022 – 2032

Figure 117: Turkey Market Absolute $ Opportunity, 2022 – 2032

Figure 118: South Africa Market Absolute $ Opportunity, 2022 – 2032

Figure 119: Northern Africa Market Absolute $ Opportunity, 2022 – 2032

Figure 120: Rest of MEA Market Absolute $ Opportunity, 2022 – 2032

Figure 121: Middle East & Africa Market Share and BPS Analysis By Product Type – 2022 & 2032

Figure 122: Middle East & Africa Market Y-o-Y Growth Projections By Product Type, 2022-2032

Figure 123: Middle East & Africa Market Attractiveness By Product Type, 2022-2032

Figure 124: Middle East & Africa Market Share and BPS Analysis By Working Width – 2022 & 2032

Figure 125: Middle East & Africa Market Y-o-Y Growth Projections By Working Width, 2022-2032

Figure 126: Middle East & Africa Market Attractiveness By Working Width, 2022-2032

Figure 127: Middle East & Africa Market Share and BPS Analysis By Power– 2022 & 2032

Figure 128: Middle East & Africa Market Y-o-Y Growth Projections By Power, 2022-2032

Figure 129: Middle East & Africa Market Attractiveness By Power, 2022-2032

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