Concrete Paving Equipment Market Outlook 2037

The global concrete paving equipment market was valued at USD 2.9 billion in 2024 and is expected to reach USD 6.1 billion by 2037, expanding at a CAGR of 5.5% during the forecast period of 2025 to 2037. By the close of 2025, the market size is projected to hit USD 3.1 billion. The concrete paving equipment market is gaining momentum with governments and private contractors prioritizing infrastructure upgrades, including highways, airports, and urban road networks. Modern paving machinery is in demand for its ability to reduce project timelines, increase surface uniformity, and comply with sustainability guidelines. Additionally, manufacturers are integrating intelligent control systems and GPS-guided automation to improve laying precision and reduce manual errors. The push for smart city development and expanded transportation networks, particularly in Asia Pacific and North America, is creating long-term demand for versatile and efficient paving solutions.