Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Paving equipment is a division of construction equipment used to lay construction materials on bridges, roads, parking lots and other such places. These machines can handle various types of construction material such as concrete, asphalt, solid blocks and bricks and are versatile in nature and are specially used for building concrete road, sidewalks, and pavements is known as paving equipment. These machines are self-propelling machines that have a screed, auger, and a hopper. These machines are widely employed across a broad range of construction projects from road construction to tunnels and bridges.
A surge in the adoption of paving equipment in a wide variety of construction activities ranging from road construction to flyover and underground tunnel construction and growing road infrastructure construction activities across the globe are major driving factors behind the growth of market. Likewise, factors such as rising government spending on the road infrastructure projects, increasing transportation activities and surge in the demand for roads or bridges with good conditions are expected to improve growth of market during forecast period. However,
The study analyses Global Paving Equipment Market based on type, material, fuel, and geography.
Based on type, wheel paving equipment is witnessing fastest growth. Wheel paving equipment provide improved maneuverability and mobility for residential and urban paving, as well as for some commercial, small paving jobs. On the other hand, tracker paving equipment have more traction and flotation than wheel paving equipment, and are more stable pulling wide widths which is likely to expand growth of tracker paving equipment segment during estimated time.
Based on material, asphalt paving equipment segment is projected to see lucrative growth during the forecast period. Asphalt is a black, sticky, highly viscous semi-solid or liquid form of petroleum. A surge in the adoption of asphalt paving for road construction applications is attributed to the growth of market. Asphalt paving provides several benefits such as low cost, durability, and safety features, which is ultimately making them more demandable in construction applications. Alternatively, concrete paving equipment segment is witnessing fast growth as it is widely used in the developing economies.
Based on fuel, diesel segment dominated the market in the past few years and is expected to witness fast growth at steady growth rate during forecast period. For years diesel fuel type has been the industry standard for cleaning asphalt off of paving equipment and many other tools. Many paving companies still use this fuel type which is ultimately supporting the growth of market.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific held the largest market share of global paving equipment market and is likely to dominate the market over the estimated time frame. Growing expenditure from the government on infrastructure development projects, rapid rail and road network expansion, rising urbanization in the developing economies, continuous spending on tunnel development in countries such as China and India are major impelling factors that improving the growth of market across the APAC region.
The key competitors of this market include Ingersoll Rand, Leeboy, Vogele, Dynapac, Roadtec, Terex Road Building, Caterpillar, BOMAG, Atlas Copco, Volvo Construction Equipment and Liebherr Construction Machines among others.
Paving equipment is a division of construction equipment used to lay construction materials on bridges, roads, parking lots and other such places. These machines can handle various types of construction material such as concrete, asphalt, solid blocks and bricks and are versatile in nature and are specially used for building concrete road, sidewalks, and pavements is known as paving equipment. These machines are self-propelling machines that have a screed, auger, and a hopper. These machines are widely employed across a broad range of construction projects from road construction to tunnels and bridges.
A surge in the adoption of paving equipment in a wide variety of construction activities ranging from road construction to flyover and underground tunnel construction and growing road infrastructure construction activities across the globe are major driving factors behind the growth of market. Likewise, factors such as rising government spending on the road infrastructure projects, increasing transportation activities and surge in the demand for roads or bridges with good conditions are expected to improve growth of market during forecast period. However,
The study analyses Global Paving Equipment Market based on type, material, fuel, and geography.
Based on type, wheel paving equipment is witnessing fastest growth. Wheel paving equipment provide improved maneuverability and mobility for residential and urban paving, as well as for some commercial, small paving jobs. On the other hand, tracker paving equipment have more traction and flotation than wheel paving equipment, and are more stable pulling wide widths which is likely to expand growth of tracker paving equipment segment during estimated time.
Based on material, asphalt paving equipment segment is projected to see lucrative growth during the forecast period. Asphalt is a black, sticky, highly viscous semi-solid or liquid form of petroleum. A surge in the adoption of asphalt paving for road construction applications is attributed to the growth of market. Asphalt paving provides several benefits such as low cost, durability, and safety features, which is ultimately making them more demandable in construction applications. Alternatively, concrete paving equipment segment is witnessing fast growth as it is widely used in the developing economies.
Based on fuel, diesel segment dominated the market in the past few years and is expected to witness fast growth at steady growth rate during forecast period. For years diesel fuel type has been the industry standard for cleaning asphalt off of paving equipment and many other tools. Many paving companies still use this fuel type which is ultimately supporting the growth of market.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific held the largest market share of global paving equipment market and is likely to dominate the market over the estimated time frame. Growing expenditure from the government on infrastructure development projects, rapid rail and road network expansion, rising urbanization in the developing economies, continuous spending on tunnel development in countries such as China and India are major impelling factors that improving the growth of market across the APAC region.
The key competitors of this market include Ingersoll Rand, Leeboy, Vogele, Dynapac, Roadtec, Terex Road Building, Caterpillar, BOMAG, Atlas Copco, Volvo Construction Equipment and Liebherr Construction Machines among others.
The study analyses global paving equipment market based on type, material, fuel, and geography. Paving Equipment market by type is segmented into wheel paving equipment and tracker paving equipment. The tracker paving equipment segment is likely to dominate the market over the forecast period. By material, the market is segmented into asphalt paving equipment, concrete paving equipment, block and brick paving equipment, and others. The asphalt paving equipment is witnessing fastest growth owing to surge in the adoption of this equipment for road construction application. The market by fuel segment is segmented into diesel, gasoline, and others. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World.
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