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Asphalt Pavers Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5709776
Major players in the asphalt pavers market are 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 is expected to grow from $1.72 billion in 2021 to $1.92 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many every market across the globe. The asphalt paver market is expected to reach $2.76 billion in 2026 at a CAGR of 9.5%.

The asphalt pavers market consists of sales of asphalt mixing plant machine, motor grader, road roller, compactor, hydraulic controller, drive tracks, hopper, feeding conveyor, and wheel tractor-scraper. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

An asphalt paver is a machine that distributes, shapes, and partially compacts an asphalt layer over the surface of a roadway. It distributes partially compacted asphalt over flat surfaces on the construction sites. These are the machines responsible for constructing roads, parking lots, bridges, and other similar places.

Asia-Pacific was the largest region in the asphalt pavers market in 2021. The regions covered in the asphalt pavers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main types of asphalt pavers are track pavers, wheel pavers, and screeds. Track-equipped pavers are varieties of pavers that provide improved grip for difficult projects with poor underfoot conditions or the requirement to push huge transport units up steep gradients. The different paving width include less than 2.5 meters, 2.5 - 5 meters, more than 5 meters, that uses various technologies such as mechanical and hydrostatic.

The increasing road traffic in various parts of the world is expected to propel the asphalt pavers market going forward. Road traffic includes pedestrians, ridden or herded animals, vehicles, streetcars, and other conveyances traveling on any highway, either alone or in groups. The primary source of traffic congestion is the increased number of vehicles due to population growth and economic development. This surge in road traffic in various parts of the world underpins the need for better connectivity, which in turn is spurring demand for asphalt pavers to construct road, bridges and highways. For instance, in March 2021, according to the U.S Department of Transportation, travel on all highways and streets increased by 19.0% (+42.0 billion vehicle miles) in March 2021. Furthermore, according to road traffic estimates in Great Britain, in 2021, 297.6 billion vehicle miles (BVM) were driven on British roadways, an 11.9% increase over the previous year. Therefore, the increasing road traffic in various parts of the world is driving the growth of the asphalt pavers market.

Technological advancements have emerged as a key trend gaining popularity in the asphalt’s pavers market. The market has witnessed the advent of 3D paving technology, which automates autonomous operations in construction with the help of remote sensing and milling control systems technology. Major companies operating in the asphalt pavers market is focused on developing new technological solutions to strengthen their position. For instance, in February 2021, Trimble, a US-based industrial technology company, launched Trimble Roadworks 3D Paving Control Platform, the next-generation platform for 3D asphalt paving control systems. Trimble Roadworks is a highly accurate, autonomous 3D screed control technology that can improve paving production and rideability dramatically. It designs directly rather than a surface or string line to reduce asphalt usage, waste, and overruns and finish projects on time and within budget.

In July 2020, Gencor Industries Inc, a US-based manufacturer of heavy machinery used in the production of highway construction materials, acquired Volvo - Blaw-Knox for an undisclosed amount. The agreement allows Gencor to manufacture and develop Volvo CE's existing North American paver product line, which will be marketed under the Blaw-Knox brand. Blaw-Knox is a US-based company that manufactures road paving equipment.

The countries covered in the asphalt pavers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The asphalt pavers market research report is one of a series of new reports that provides asphalt pavers market statistics, including asphalt pavers industry global market size, regional shares, competitors with an asphalt paver market share, detailed asphalt pavers market segments, market trends and opportunities, and any further data you may need to thrive in the asphalt pavers industry. This asphalt pavers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.



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Frequently Asked Questions about the Global Asphalt Pavers Market

What is the estimated value of the Global Asphalt Pavers Market?

The Global Asphalt Pavers Market was estimated to be valued at $1.92 billion in 2022.

What is the growth rate of the Global Asphalt Pavers Market?

The growth rate of the Global Asphalt Pavers Market is 9.5%, with an estimated value of $2.76 billion by 2026.

What is the forecasted size of the Global Asphalt Pavers Market?

The Global Asphalt Pavers Market is estimated to be worth $2.76 billion by 2026.

Who are the key companies in the Global Asphalt Pavers Market?

Key companies in the Global 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 and Astec Industries Inc..

Table of Contents

1. Executive Summary2. Asphalt Pavers Market Characteristics3. Asphalt Pavers Market Trends And Strategies
4. Asphalt Pavers Market - Macro Economic Scenario
4.1. COVID-19 Impact On Asphalt Pavers Market
4.2. Ukraine-Russia War Impact On Asphalt Pavers Market
4.3. Impact Of High Inflation On Asphalt Pavers Market
5. Asphalt Pavers Market Size And Growth
5.1. Global Asphalt Pavers Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Asphalt Pavers Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Asphalt Pavers Market Segmentation
6.1. Global Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Track Pavers
  • Wheel Pavers
  • Screeds
6.2. Global Asphalt Pavers Market, Segmentation By Paving Width , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Less than 2.5 Meters
2.5 - 5 Meters
  • More Than 5 Meters
6.3. Global Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Hydrostatic
  • Mechanical
7. Asphalt Pavers Market Regional And Country Analysis
7.1. Global Asphalt Pavers Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Asphalt Pavers Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Asphalt Pavers Market
8.1. Asia-Pacific Asphalt Pavers Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Asphalt Pavers Market
9.1. China Asphalt Pavers Market Overview
9.2. China Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Asphalt Pavers Market
10.1. India Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Asphalt Pavers Market
11.1. Japan Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Asphalt Pavers Market
12.1. Australia Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Asphalt Pavers Market
13.1. Indonesia Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Asphalt Pavers Market
14.1. South Korea Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Asphalt Pavers Market
15.1. Western Europe Asphalt Pavers Market Overview
15.2. Western Europe Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Asphalt Pavers Market
16.1. UK Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Asphalt Pavers Market
17.1. Germany Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Asphalt Pavers Market
18.1. France Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Asphalt Pavers Market
19.1. Eastern Europe Asphalt Pavers Market Overview
19.2. Eastern Europe Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Asphalt Pavers Market
20.1. Russia Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Asphalt Pavers Market
21.1. North America Asphalt Pavers Market Overview
21.2. North America Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Asphalt Pavers Market
22.1. USA Asphalt Pavers Market Overview
22.2. USA Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Asphalt Pavers Market
23.1. South America Asphalt Pavers Market Overview
23.2. South America Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Asphalt Pavers Market
24.1. Brazil Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Asphalt Pavers Market
25.1. Middle East Asphalt Pavers Market Overview
25.2. Middle East Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Asphalt Pavers Market
26.1. Africa Asphalt Pavers Market Overview
26.2. Africa Asphalt Pavers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Asphalt Pavers Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Asphalt Pavers Market Competitive Landscape And Company Profiles
27.1. Asphalt Pavers Market Competitive Landscape
27.2. Asphalt Pavers Market Company Profiles
27.2.1. Volvo Construction Equipment Corporation
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Caterpillar Inc
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Weiler
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Zoomlion Company Limited
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Dynapac
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Asphalt Pavers Market29. Asphalt Pavers Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer

Executive Summary

Asphalt Pavers Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global asphalt pavers market.

This report focuses on asphalt pavers market which is experiencing strong growth. The report gives a guide to the asphalt pavers market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the asphalt pavers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Asphalt Pavers market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider asphalt pavers market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The asphalt pavers market section of the report gives context. It compares the asphalt pavers market with other segments of the asphalt pavers market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, asphalt pavers indicators comparison.

Scope

Markets Covered:

1) By Type: Track Pavers; Wheel Pavers; Screeds
2) By Paving Width: Less than 2.5 Meters; 2.5 - 5 Meters; More Than 5 Meter
3) By Technology: Hydrostatic; Mechanical

Companies Mentioned: Volvo Construction Equipment Corporation; Caterpillar Inc.; Weiler; Zoomlion Company Limited; Dynapac

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

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.

Methodology

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