Asphalt Mixing Plants Market - Latest Trends, Demand And Regional Analysis to 2024
Category: #reports  By Rahul Varpe  Date: 2020-04-09
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Asphalt Mixing Plants Market - Latest Trends, Demand And Regional Analysis to 2024

The governments of various Asian countries including China, Malaysia, Thailand, India, and Japan are financing huge amount of capital to develop road infrastructure as they act as catalyst to country’s development and economic growth. In 2016, Asia Pacific asphalt mixing plants market generated revenue over USD 2.5 billion and is foreseen to hold a major share of the market pie over the coming years. Owing to the robust growth in the countries of Asia Pacific and Latin America, asphalt mixing plants market from road construction application generated revenue over USD 5.5 billion in 2016.

The Asphalt Mixing Plants Market size was estimated at USD 6.6 billion in 2016 and is projected to surpass USD 7 billion by the year 2024. During the period of 2017-2024, the Asphalt Mixing Plants Market is anticipated to expand with a CAGR of 1.4%.

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Strong growth outlook in the civil construction industry has charted a profitable roadmap for asphalt mixing plants market over the coming years. The spurt in demand for asphalt is being significantly driven by the repair and construction segment, that builds the world’s asphalt driveways, tunnels, highways, bridges, and airport runways. The importance of good highways for the infrastructural development has strongly agitated the growth of asphalt mixing plants industry in several countries.

In fact, speaking on statistical terms, more than 70% of the overall asphalt production is utilized for road developments across the globe. The developing countries with immense growth opportunities are expected to become significant hotspots for investment. Interestingly, asphalt mixing plants industry players are looking to tap the growing demand by launching innovative products with competitive technical properties.

Considering the energy efficiency factor, one of the key trends in asphalt mixing plants industry is the refinement of recycled asphalt pavement (RAP). The market for asphalt plant equipment with RAP are gaining considerable traction in the US and Europe, with China being on wild card. The asphalt mixing plants industry players are designing new plants to produce higher quality output and also handle the higher percentages of RAP. For instance, E-MAK, a Turkish company has been developing a novel concept to optimize the throughput of asphalt plant. This company has designed a unit called Sandry which dries the sand being used in the mix and thus reduce energy usage and improve the overall efficiency of the asphalt mixing plants. Thus, the growing demand for improving the operational efficiency and develop high end technical products is set to propel the growth of asphalt mixing plants industry size over 2017-2024.

Market Growth Drivers –

  1. Increasing road construction activities in Asia Pacific
  2. Increasing asphalt production globally

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Know about Market growth in New Research and its Top growing factors by Key Companies like

Speedcrafts Limited, SPECO Ltd, NIKKO Co. Ltd, GP Gunter Papenburg AG, LINTEC Germany GmbH, Benninghoven GmbH & Co., KG, ASTEC Industries Inc., Marini S.p.A, Ammann Group Holding AG, Beston (Henan) Machinery Company Limited, NFLG, Inc., Capious Roadtech Pvt. Ltd., Parker Plant Limited, Çesan Çevre Sa?l??? San. A.?, Atlas Industries, Kaushik Engineering Works, Zoomlion Heavy Industry Science & Technology Co., SANY Group, CEI Enterprises, Inc., Arcen Engenharia SA, Simge Group, FAB-INDIA Industries, DELTA Group, BSS Heavy Machinery GmbH, CIBER, Kredmash

Comprehensive Review of Market by Product

  1. Portable
  2. Stationary

The Regional Evaluation Ensures

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America (LATAM)
  5. Middle East

Market Report Includes

  1. An exhaustive analysis regarding the present market scenario along with the growth opportunities, major players, target audience, and market forecast until 2024
  2. A thorough gist of the market including growth projection, market size, prominent contenders, and market evaluation till 2024
  3. A documentation of the growth forecast, returns, growth opportunities, and Forecast 2019-2024
  4. Summary of Primary and Secondary Research, alongside Consumption Analysis, Market Segmentation, and Forecast until 2024
  5. A comprehensive evaluation with regards to Export Research Report, Emerging Growth Factors, Market Dynamics, and Forecast 2019-2024
  6. Data pertaining to Strategic Developments, Market Assessment, and Forecast until 2024
  7. Information regarding market trends, product applications, ongoing demand, technological developments and Forecast till 2024

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Key Reasons to Purchase the Market Report

  1. The report is inclusive of detailed analysis of the global market with respect to end-use spectrum, product terrain, market opportunities, along with regional demand by 2024
  2. An exhaustive data review, in consort with the systematic assessment of the market with regards to the regions and global vendors – until 2024
  3. All-detailed documentation of the parameters which will influence the market significantly, alongside the preventive strengths and their impact on the global market.
  4. The study further focuses on identifying the concealed growth opportunities of the market while delivering data on increasing CAGR through 2024
  5. The report evaluates basis issues, solutions, in tandem with product developments to address the expansion threat.


About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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