Global Asphalt Pavers Market Projections & Future Opportunities Recorded for the Period Until 2028

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Rockville, US, 2018-Dec-19 — /EPR Network/ — As the construction equipment industry continues to remain a consolidated landscape, the asphalt pavers market represents dominance of a handful of prominent players. With their strong regional distribution network, Tier 1 players in the asphalt pavers market hold nearly 64% of the global market share. These players including Fayat Group, Caterpillar, Astec Industry, Wirtgen Group (Vogele), Ammann, Zoomlion, Sakai and Sumitomo are leveraging global expansion, pricing strategies and investments in R&D to maintain market sustainability.

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Expansion of distribution network in the emerging countries is one of the prominent strategies adopted by asphalt pavers manufacturers. For instance, Dynapac (Fayat Group) resumed its business with the Bau Power Group. The Bau Power Group will serve as the exclusive Dynapac importer partners in Australia and New Zealand.

Screed Technology Upgrade – a Prime Milestone for Asphalt Pavers’ Manufacturers to Meet Demand for Better Asphalt Mat

In the important tasks of asphalt paving operations, screed plays a vital role in delivering better quality and optimum density of an asphalt road. Manufacturers in the asphalt pavers market are actively implementing new features in screed component that deliver better quality asphalt mat and ultimately improve the lifecycle of the pavement.

Screeds with pre-compaction are one of the highly sought-after features by end-users in asphalt pavers. An efficient pre-compaction helps in achieving greater density in asphalt mat and maximizes air void reduction through rollers. OEMs in the asphalt pavers market deliver screed components with a combination of configurations such as screed weight, paving speed and temper bar amplitude that can be adjusted according to the end user requirement.

Improving Road Infrastructure to Underpin Asphalt Pavers Market Sustainability

In a bid to achieve the goals of socioeconomic progress with an increasing emphasis on strengthening transport infrastructure, road infrastructures are improving across the globe.

Significant investments are underway for new infrastructures and for the maintenance of existing infrastructure. For instance, World Bank, in March 2018, approved US$ 210 million for the rural connectivity project in Madhya Pradesh, India. In May 2018, World Bank approved National Road 13 Improvement and Maintenance Project in Lao PDR.

Support from the World Bank and increasing public-private partnership is strengthening the connectivity between urban and rural markets through roads and highway connectivity. The essential requirement of construction equipment in such construction projects is expected to maintain the sustainability of asphalt pavers market in the future.

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Asphalt Pavers’ Stakeholders Target Customer Convenience in Financing Options and Equipment Acquisitions

A steady economic growth combined with significant investments in construction projects is ensuring business optimism in the construction equipment marketplace. Inclusion of disruptive technologies is further changing the equipment landscape wherein customer preferences are changing dynamically.

Equipment finance companies are adopting innovative and tailored financing options to meet unique customer demand. Use of different platforms to perform periodic hardware diagnostics and innovative service agreements is fueling increasing equipment acquisitions in the asphalt pavers market.

Competitive Landscape

The asphalt pavers market report delivers a dashboard view of all the key market players operating in the asphalt pavers marketplace. In addition, the competitive landscape section of the asphalt pavers market report provides company profiles that cover product offerings, company revenues, relative market presence, regional presence and notable business development undertaken by all the key companies.

Leading players in the asphalt pavers market are leveraging acquisition, new product launch and expansion strategies to increase their revenue share in the global asphalt pavers market.

In 2017, Fayat Group, a leader in the construction market acquired the Altas Copco, that manufactures asphalt pavers, rollers and other soil compaction equipment that are distributed under the trade name of Dynapac.

In the last quarter of 2017, the Wirtgen Group, a leading manufacturer of construction equipment including asphalt pavers, was acquired by Deere & Company. The acquisition was aimed at strengthening Deere & Company’s global presence in the agriculture and construction sectors.

Along with strengthening their global presence, manufacturers in the asphalt pavers market are introducing technologically advanced and more efficient asphalt pavers. For instance, in November 2017, Carlson, another leading provider of asphalt pavers, introduced the CP100 II, as the company’s flagship model that delivers enhance torque figures and Tier IV Final engine.

JOSEPH VÖGELE AG has announced in October 2018 restructuring of company’s asphalt pavers and screed range into two lines – the premium line and the classic line. Both the asphalt paver lines feature an amalgamation of cutting-edge technology and advanced mechanical engineering.

Segmentation

The asphalt pavers market structure is determined based on an in-depth analysis of the demand-supply scenario of different facets of the asphalt market facets. The asphalt pavers market structure includes segmentation based on operating weight, screed type, paver type and paving width.

The asphalt pavers market, based on operating weight is divided into four categories- 5000-8000 kg, 8000-12000 kg, 12000-15000 kg and more than 15000 kg. Among different types of asphalt pavers, tracked pavers and wheeled pavers are the prominent categories considered in the asphalt pavers market report.

Further, the asphalt pavers market is categorized into mechanical and hydrostatic screed type of asphalt pavers. Different paving widths are also considered in the asphalt pavers market such as up to 1.5m, 1.5 – 2.5 m, 2.5 – 5 m and more than 5 m. Regional analysis of the asphalt pavers market includes market analysis for a total of seven regions including North America, Latin America, Europe, CIS & Russia, Japan,  APEJ and MEA.

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