Road to Success: Asphalt Pavers Market Registers Impressive 10.2% Growth in 2023

DUBLIN, July 27, 2023 /PRNewswire/ -- The "Asphalt Pavers Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

The report provides valuable insights into the asphalt pavers market, covering major players, market growth, regions, technologies, and future trends.

Key Players and Market Growth:

Major players in the asphalt pavers market include Volvo Construction Equipment Corporation, Caterpillar Inc., Weiler, Zoomlion Company Limited, Dynapac, Bomag GmbH, XCMG Construction Machinery Company Ltd., Sany Heavy Industries Limited, Ammann Group, Astec Industries Inc., Fayat Group, LeeBoy, Sumitomo Construction Machinery, Wirtgen Group, and John Deere Co.

The global asphalt pavers market grew from $1.92 billion in 2022 to $2.12 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The market is expected to continue its upward trajectory, reaching $3.01 billion in 2027 at a CAGR of 9.2%.

Market Overview and Regions Covered:

The asphalt pavers market includes sales of asphalt mixing plant machines, motor graders, road rollers, compactors, hydraulic controllers, drive tracks, hoppers, feeding conveyors, and wheel tractor-scrapers. The market covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Reasons to Purchase:

The report offers a comprehensive understanding of the asphalt pavers market, providing insights into global market size, regional shares, competitor analysis, market segments, and emerging trends. Reasons to purchase the report include:

1. Global Perspective: Gain a truly global perspective with comprehensive coverage of 50+ geographies.
2. COVID-19 Impact: Understand how the market has been affected by the COVID-19 pandemic and its response as the impact of the virus abates.
3. Impact of Geopolitical Events: Assess the Russia-Ukraine war's impact on agriculture, energy, and mineral commodity supply and its direct and indirect effects on the market.
4. High Global Inflation: Measure the impact of high global inflation on market growth and strategize accordingly.
5. Country-specific Strategies: Create regional and country strategies based on local data and analysis to identify growth segments for investment.
6. Competitor Analysis: Outperform competitors using forecast data and market trends shaping the industry.
7. Market Shares and Performance: Understand customers better by analyzing the latest market shares and benchmark performance against key competitors.

Asphalt Pavers Market Characteristics and Trends:

The report delves into the characteristics and trends of the asphalt pavers market, covering various types of asphalt pavers, such as track pavers, wheel pavers, and screeds, along with different paving widths ranging from less than 2.5 meters to more than 5 meters. Additionally, the report highlights technological advancements in the industry, such as 3D paving technology that enhances automation and efficiency in construction.

Key Company Developments:

The market has witnessed notable developments in recent years. For example, in July 2020, Gencor Industries Inc., a US-based manufacturer of heavy machinery, acquired Volvo - Blaw-Knox, allowing Gencor to manufacture and develop Volvo CE's existing North American paver product line under the Blaw-Knox brand.

Conclusion:

The "Asphalt Pavers Global Market Report 2023" from ResearchAndMarkets.com is a comprehensive resource for strategists, marketers, and senior management seeking critical information to assess the market. With detailed market statistics, regional insights, and competitor analysis, this report equips businesses with the necessary data and analysis to thrive in the asphalt pavers industry.

A selection of Companies Mentioned in this report includes

• Volvo Construction Equipment Corporation
• Caterpillar Inc
• Weiler
• Zoomlion Company Limited
• Dynapac
• Bomag GmbH
• XCMG Construction Machinery Company Ltd
• Sany Heavy Industries Limited
• Ammann Group
• Astec Industries Inc
• Fayat Group
• LeeBoy
• Sumitomo Construction Machinery
• Wirtgen Group
• John Deere Co.

For more information about this report visit https://www.researchandmarkets.com/r/2irl6z

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SOURCE Research and Markets