Asphalt Pavers Market
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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 |
|
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 |
|
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 |
|
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Talk to AnalystWhat 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 |
|
|
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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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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