Asphalt Pavers Market: Improving Road Infrastructure to Underpin Asphalt Pavers Market Sustainability

Posted on 2019-07-02 by Mark Hub in Industrial // 0 Comments

Rockville, USA, 2019-Jul-02 — /EPR Network/ — Fact.MR has compiled a new study on the asphalt pavers market and published a report titled, “Asphalt Pavers Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028”. The asphalt pavers market report delivers a comprehensive analysis of all the vital facets of the asphalt pavers market. Considering the prevailing trend in the construction equipment industry, the asphalt pavers market forec

According to Fact.MR estimations, the asphalt pavers market will witness volume sales of over 34,600 units in 2018, a marginal growth from 2017. Overall growth of the market is driven by,

Use of predictive maintenance systems in construction equipment to prevent downtime and reduce operating costs
Improved fleet management with different financing and equipment acquisition options
Development of efficient asphalt pavers with improved screed operations and maneuverable paving width

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“Growing emphasis on prolonging the lifespan of existing road and highway infrastructures and increasing public and private investments are major factors fuelling the demand for asphalt pavers. As construction companies are vying for low operating costs and higher productivity, the asphalt pavers market has witnessed the introduction of some of the excellent, high-performance models of asphalt pavers in past half a decade,” says a senior analyst at Fact.MR.

Tier 1 Players Hold Nearly 64% Revenue Share in the Asphalt Pavers Market

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.

In the consolidated landscape of the construction equipment industry, the asphalt pavers market presents the dominance of a handful of market player wherein Fact.MR valuation finds that Tier 1 players hold over 64% of the total market share. 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.

North America to Hold over One-Fifth Volume sales, APEJ Progresses Rapidly

Volume sales of asphalt pavers in North America are headed up by the extensive and longest road infrastructure in the United States. Fact.MR study estimates that North America will continue to report a bulk of the global asphalt paver demand in 2018.

Europe will closely follow North America in terms of volume sales in 2018. Fact.MR study opines that APEJ will continue to witness significant revenue increase of 4.9% Y-o-Y in 2018 over 2017.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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