Paving Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Paving Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • December 2035
  • Power
  • 0 pages

Report Description

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Paving equipment are special-purpose machines, particularly used in building concrete roads, pavements, and sidewalks. These are self-propelling machines that have a hopper, auger, and a screed. Paving equipment have played a significant role in the road and pavement construction industry for decades. These equipment are employed across a wide number of construction projects ranging from road construction to bridges and tunnels. Paving equipment are versatile in nature and can handle several types of construction material such as asphalt, concrete, bricks, and solid blocks.

The paving equipment market is largely driven by the increase in spending on road infrastructure. Countries such as the U.S., China, Japan, Italy, India, Australia, and Germany have vast road networks to connect major cities and country with minimum commute time. This largely optimizes the transportation costs and connects cities and boosts commerce. Roads are lifelines during emergency and well spanned network of roads increases trade. This, in turn, propels the economy. Furthermore, paving machines reduce the cost of construction as they make optimum use of materials and are precise at maintaining road or concrete pavement screed height and thickness.

Based on material, the paving equipment market can be divided into asphalt paving equipment, concrete paving equipment, block & brick paving equipment, and others. All these types of paving machines have alterations made within the sub-systems according to material to be paved. Different hoppers, screed layers, and augers are employed for each type of material. Similarly, other sub-systems used include conveyer systems, guides, vibrators, screed crowns, and push rollers also vary. In terms of application, the paving equipment market can be bifurcated into traffic road making and utility & private pavements. The traffic road making segment can be sub-segmented into asphalt roads, concrete, and others. The utility & private pavement segment can be further classified into foot paths, private pavements, block pavements, and concrete pavements. Based on the fuel used, the paving equipment market can be categorized into diesel, gasoline, others. In terms of type, the paving equipment market is classified into wheel paving equipment and tracker paving equipment. Wheeled paving equipment are easy to maneuver and transport; however, they cannot pave large horizontal roads. For large horizontal roads paving applications tracked paving machines are more suitable. But due to tracks, these machines are difficult to transport.  

Based on geography, the global paving equipment market can be classified into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific is a key market for paving equipment, due to the increasing government expenditure on infrastructure and rapid road and rail network expansion in the region. Countries such as China, India, and Australia have some of the longest roads in the world. Governments of China and Japan invest significantly in tunnels for faster commute between major cities. North America and Europe follow Asia Pacific in the global paving equipment market. Demand for paving equipment is high in developing economies of Eastern Europe. Countries such as India, Brazil, and South Africa have started increasing their expenditure on roads and railway networks. This is anticipated to create considerable opportunities for paving equipment manufacturers.

Key players operating in the global paving equipment market include Ingersoll Rand, Leeboy, Vogele, Dynapac, Roadtec, Terex Roadbuilding, and Caterpillar.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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