According to the report, published by Fortune Business Insights, titled “Asphalt Pavers Market Size, Share and Industry Analysis, By Type (Track pavers, Wheel pavers and Screeds), By Pavement Width (Less than 2.5 Meters, 2.5 5 Meters and More than 5 Meters), and Regional Forecast, 2019-2026” the market size stood at USD 1.98 billion in 2018. The report provides an exceptional summary of the asphalt pavers market trends. It draws attention to the recent developments witnessed in the market and provides statistical data for the same along with market drivers and market restraints. Acquisitions and mergers commenced by key players in the market are thoroughly explained. Besides this, it also offers superior insights into the prevailing trends of the market.
For more information in the analysis of this report, visithttps://www.fortunebusinessinsights.com/industry-reports/asphalt-pavers-market-101706
The global asphalt pavers market size is expected to reach USD 2.77 billion by 2026, exhibiting a CAGR of 4.4% during the forecast period. One of the key reasons boosting the growth of the market is the development in roads and infrastructure. According to the Virginia Asphalt Association, Recycled Asphalt Pavement (RAP) has been used widely for more than 30 years and for the tenth year in a row RAP is the most recycled product in America.Furthermore, every year nearly 100 million tons of RAP is recycled back into new asphalt pavement in the U.S.All the asphalt binder and aggregate are recycled back into the mix as asphalt binder and aggregate.
Segmentation
Request a Sample Copy of the Global Market Research Reporthttps://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/asphalt-pavers-market-101706
Increasing Infrastructure Initiatives to Accelerate Growth
Increasing investment by the public as well as the private sector for the development of infrastructure in the emerging economies will bolster the growth of the market in the foreseeable future. The robust growth in the automobile industry will result in the upliftment of the asphalt pavers market shares during the forecast period. The increasing initiatives of local and state governments towards the construction of better roads will further enable the growth of the market. The ongoing development in design and production of machines by manufacturers to cater to the demand will further promote growth. Furthermore, the producers are establishing innovative pavement materials including Stone Matrix Asphalt (SMA), Open Graded Friction Course (OGFC), and Superpave to improve surroundings for workforces at the pavement site hence resulting in improved efficiency. These factors and trends together are boosting the market growth.
Launch of Commercial Class Pavers by Dynapac will Propel Growth
Dynapac North America announced the up-gradation of commercial class pavers range with the new FC1700C, FC1300 II, and FC1400 II. The new pavers are equipped with EPA Tier 4 Final certified emissions regulations-compliant engines and offer new features that take the Dynapac commercial class paver range to the next level. The launch of upgraded commercial class pavers is expected to offer impetus growth to the market owing to their operator controls, which are more intuitive and also include individual color displays on both consoles. Furthermore, the manufacturers are focusing on setting up their plants in emerging and developing economies in order to maintain their market share. These economies are proving to be cost-effective and high output regions for the companies, as they have an abundance of resources coupled with government initiations to boost the market revenue.
Prompting Infrastructural Development to Boost Growth in North America
North America is projected to show a significant growth owing to its presence of key players in the region. Asia Pacific generated a revenue of USD 0.42 billion in 2018 and is expected to dominate the market during the forecast period owing to the rapid development in countries such as India and China. Moreover, in Europe established and advanced infrastructural development will result in sales opportunities for the market.
Some of the Prominent Companies in the Global Asphalt Pavers Market are:
Table of Content
5.1.Key Findings / Summary
5.2.Market Sizing Estimations and Forecasts By Type (Value)
5.2.1.Track Paver
5.2.2.Wheel Paver
5.2.3.Screeds
5.3.Market Sizing Estimations and Forecasts By Pavement Width (Value)
5.3.1.Less than 2.5 Meters
5.3.2.2.5 – 5 Meters
5.3.3.More than 5 Meters
5.4.Market Analysis, Insights and Forecast By Region (Value)
5.4.1.North America
5.4.2.Europe
5.4.3.Asia Pacific
5.4.4.Middle East and Africa
5.4.5.Latin America
6.1.Key Findings / Summary
6.2.Market Sizing Estimations and Forecasts By Type (Value)
6.2.1.Track Paver
6.2.2.Wheel Paver
6.2.3.Screeds
6.3.Market Sizing Estimations and Forecasts By Pavement Width (Value)
6.3.1.Less than 2.5 Meters
6.3.2.2.5 – 5 Meters
6.3.3.More than 5 Meters
6.4.Market Analysis, Insights and Forecast By Country (Value)
6.4.1.United States
6.4.2.Canada
7.1.Key Findings / Summary
7.2.Market Sizing Estimations and Forecasts By Type (Value)
7.2.1.Track Paver
7.2.2.Wheel Paver
7.2.3.Screeds
7.3.Market Sizing Estimations and Forecasts By Pavement Width (Value)
7.3.1.Less than 2.5 Meters
7.3.2.2.5 – 5 Meters
7.3.3.More than 5 Meters
7.4.Market Analysis, Insights and Forecast By Country (Value)
7.4.1.UK
7.4.2.Germany
7.4.3.France
7.4.4.Italy
7.4.5.Rest of Europe
8.1.Key Findings / Summary
8.2.Market Sizing Estimations and Forecasts By Type (Value)
8.2.1.Track Paver
8.2.2.Wheel Paver
8.2.3.Screeds
8.3.Market Sizing Estimations and Forecasts By Pavement Width (Value)
8.3.1.Less than 2.5 Meters
8.3.2.2.5 – 5 Meters
8.3.3.More than 5 Meters
8.4.Market Analysis, Insights and Forecast By Country (Value)
8.4.1.China
8.4.2.Japan
8.4.3.India
8.4.4.Southeast Asia
8.4.5.Rest of Asia Pacific
9.1.Key Findings / Summary
9.2.Market Sizing Estimations and Forecasts By Type (Value)
9.2.1.Track Paver
9.2.2.Wheel Paver
9.2.3.Screeds
9.3.Market Sizing Estimations and Forecasts By Pavement Width (Value)
9.3.1.Less than 2.5 Meters
9.3.2.2.5 – 5 Meters
9.3.3.More than 5 Meters
9.4.Market Analysis, Insights and Forecast By Country (Value)
9.4.1.GCC
9.4.2.South Africa
9.4.3.Rest of Middle East and Africa
10.1.Key Findings / Summary
10.2.Market Sizing Estimations and Forecasts By Type (Value)
10.2.1.Track Paver
10.2.2.Wheel Paver
10.2.3.Screeds
10.3.Market Sizing Estimations and Forecasts By Pavement Width (Value)
10.3.1.Less than 2.5 Meters
10.3.2.2.5 – 5 Meters
10.3.3.More than 5 Meters
10.4.Market Analysis, Insights and Forecast By Country (Value)
10.4.1.Brazil
10.4.2.Mexico
10.4.3.Rest of Latin America
Purchase Full Report for Exclusive Asphalt Pavers Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/101706
Other Exclusive Reports:
Global Ultrafine Tungsten Wire Market Derives Growth from Diverse Medical Applications of Tungsten Wire
Engine Driven Welders Market to Reach US$ 1402.4 Mn by 2026; Investment towards Expansion of Existing Infrastructure to Support Growth
Welding Wires Market is Likely Reach USD 14,636.7 Million by 2026; Increasing Urbanization Will Aid Growth
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
Contact:Name: Ashwin AroraEmail:sales@fortunebusinessinsights.comPhone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Asphalt Pavers Market Industry Analysis By Key Players, Share, Revenue, Trends, Organizations Size, Growth, Opportunities, And Regional Forecast To 2026