Asphalt Mixing Plants Market Report to 2024 | Regional Outlook, Growth Trends and Competitive Strategies
Category: #reports  By Rahul Varpe  Date: 2020-04-15
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Asphalt Mixing Plants Market Report to 2024 | Regional Outlook, Growth Trends and Competitive Strategies

The Asphalt Mixing Plants Market is set to grow from its current market value of more than USD 6.6 billion to over USD 7 billion, as reported in the latest study. The Asphalt Mixing Plants Market is projected to register a CAGR of 1.4% during the period 2017-2024. 

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 industry from road construction application generated revenue over USD 5.5 billion in 2016.

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Industry Growth Factors: -

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

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. One such example is of the 2013’s collaboration of Ammann Research & Development Center with Apollo India Private Ltd, to innovate and manufacture asphalt pavers, soil compactors and asphalt mixing plants.

The harmful gases and volatile organic compounds emitted from the asphalt mixing plants pose a major threat to the growth of this industry. The environment threats pertaining to asphalt components and its quality and usage are being strongly monitored by the agencies such as EAPA, NAPA, and Association of Asphalt Paving Technology, which may hamper the asphalt mixing plants market expansion. However, many asphalt mixing plants industry players are adopting the sustainable green technology and environment friendly raw materials to combat the pollution problems associated with asphalt mixing plants. This is set to create huge growth opportunities for the industry players to develop sustainable and eco-friendly materials with regards to asphalt mixing and grab lucrative growth avenues over the coming years.

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Top Companies

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

Split by product type, the market has been divided into: -

  1. Portable
  2. Stationary

The report includes a lot of details pertaining to the production, growth rate of each segment, remuneration, price, as well as segmental market share.

Split by application, the market is divided into: -

  1. Road
  2. Construction

This report contains detailed information pertaining to the consumption of the product as well as market share of the application, alongside the growth rate of every application segment.

The Regional Evaluation Ensures

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

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What are the key highlights of this report?

  1. A well-detailed pricing analysis has been undertaken on the source of the product, application, as well as regional segments
  2. A detailed evaluation of the player matrix in tandem with the major firms that will help better understand the competitive situation in the global market
  3. Important insights pertaining to the regulatory scenario governing the market, in tandem with the investments poured in by numerous stakeholders in the global market
  4. A deep-dive evaluation of the myriad aspects pushing the overall market growth alongside their impact on the anticipation as well as dynamics of the global market
  5. A detailed roadmap that presents the many available growth opportunities in the global market as well as the identification of vital factors
  6. An intrinsic analysis of the myriad trends that prevail in the global industry which would help identify the numerous developments


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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