Global Asphalt Pavers Market Trending in 2021
New York, NY 08 July 2021: The global asphalt pavers market size is expected to reach USD 1,410.03 million by 2027 according to a new study by Polaris Market Research. The report “Global Asphalt Pavers Market Share, Size, Trends, Industry Analysis Report, By Product Type (Tracked Pavers and Wheeled Pavers), By Screed Type (Hydrostatic, and Mechanical), By Operating Weight (5000–8000 Kgs, 8000–12000 Kgs, 12000–15000 Kgs, and Over 15000 Kgs); By Paving Width (Up to 1.5 m, 1.5–2.5 m, 2.5–5 m, and Over 5 m); By Regions; Segment Forecast, 2020–2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
China is focusing on the development of its western region. In line with this, it has announced various infrastructure projects for the Tibet region as well. India is mainly focusing on the development of its transport network by investing heavily in road and rail infrastructure. Furthermore, the country is focusing on improving power infrastructure by building thermal, nuclear, wind, and solar power stations.
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Traffic has grown by 150 times over the last 50 years, while roads have increased by 9 times during the same period. The quality of roads in India is quite poor, leading to annual economic losses of US$ 4 Bn to US$ 7 Bn. The Indian construction equipment market has the potential to grow up to significantly, owing to the government’s focus on infrastructure developments.
Intelligent pavement refers to the pavement of asphalt using asphalt pavers equipped with global positioning systems (GPS) based mapping sensors and optional feedback controls. It is one of the most important progress made in roadway construction and has been widely adopted by Europe and China’s manufacturers.
In order to meet the changing need of the European market coupled with increasing demand for higher levels of operator comfort and safety. Despite their smaller dimensions, manufacturers are continuing to improve the operator’s working environment by adding more comfort and safety features to their machines. For instance, Hamm’s newly launched Asphalt Pavers enhance maximum possible operators’ comfort, exceptionally good visibility, and the highest possible operational safety.
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Market participants such as Caterpillar, Sunroc Corporation, Astec Industry, Gencor Industries, Inc., Wirtgen group, Volvo CE, Ammann, Sumitomo, Fayat Group, Sany, Zoomlion, VT Leeboy, Shantui, and XCMG are some of the key players operating in the global market. Market players are focusing on mergers, acquisitions, technological advancements to have a competitive edge in the market. For instance, in July 2020, Gencor Industries announced a definitive agreement to acquire paver business from Blaw Knox, the Pennsylvania, U.S. based paver equipment manufacturer.
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New York, NY 18 Feb 2021: The global asphalt pavers market size is expected to reach USD 1,410.03 million by 2027 according to a new study by Polaris Market Research.
The report “Global Asphalt Pavers Market Share, Size, Trends, Industry Analysis Report, By Product Type (Tracked Pavers and Wheeled Pavers), By Screed Type (Hydrostatic, and Mechanical), By Operating Weight (5000–8000 Kgs, 8000–12000 Kgs, 12000–15000 Kgs, and Over 15000 Kgs); By Paving Width (Up to 1.5 m, 1.5–2.5 m, 2.5–5 m, and Over 5 m); By Regions; Segment Forecast, 2020–2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
China is focusing on the development of its western region.
India is mainly focusing on the development of its transport network by investing heavily in road and rail infrastructure.
Furthermore, the country is focusing on improving power infrastructure by building thermal, nuclear, wind, and solar power stations.
Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/asphalt-pavers-market/request-for-sample Traffic has grown by 150 times over the last 50 years, while roads have increased by 9 times during the same period.
Asphalt Pavers Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the asphalt pavers market include Volvo CE, Caterpillar Inc., Weiler, Zoomlion Company Limited, Dynapac, Bomag GmbH, XCMG Construction Machinery Company Ltd, Sany Heavy Industries Limited, JOSEPH VÖGELE AG, Carlson and Wirtgen Group.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on ""Global Asphalt Pavers Market Research Report"" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/asphalt-pavers-market/download-sampleMarket DynamicsThe market is mainly driven by heavy investment in road maintenance along with rising infrastructural projects.
In addition, expanding construction activities and improvement of roads in urban and rural areas are some of the factors anticipated to fuel the growth of the market over the forecast period.
Another growth-inducing factor, including growing urbanization, consistently increasing road traffic, will require continuous construction and improvement of roads, highways in ruler, and an urban area that also influences the market growth.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
