Which segment is expected to lead the Asphalt Pavers Market during the forecast period?

Within the type segment, wheel asphalt pavers is expected to be the leading segment in the market during the forecast period.

What is the biggest asphalt paver across the globe in the Asphalt Pavers Market?

XCMG RP2405, the World's Largest Cement-Stabilized Macadam Paver, Completes 20-Meter-Wide Spreading. With a peak performance of 1,800t/h and high-quality operation capacity, the XCMG RP2405 paver's maximum paving width has reached 24 meters, the widest across the industry.

What is the global market size of Asphalt Pavers Market?

Global Asphalt Pavers Market size was valued at USD 2135 million in 2021 and is poised to grow from USD 2228.94 million in 2022 to USD 3284 million by 2030, growing at a CAGR of 4.4% in the forecast period (2023-2030).

Top Asphalt Pavers Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Asphalt Pavers Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Asphalt Pavers industry players.

Asphalt Pavers Market Competitive Landscape

Top Players in the Global Asphalt Pavers Market

Caterpillar Inc.
Wirtgen Group (a subsidiary of John Deere)
Volvo Construction Equipment
Dynapac AB (a subsidiary of Fayat Group)
Ammann Group Holding AG
Roadtec Inc. (a subsidiary of Astec Industries, Inc.)
Bomag GmbH (a subsidiary of FAYAT Group)
LeeBoy
SAKAI HEAVY INDUSTRIES, LTD.
Sumitomo Construction Machinery Co., Ltd.
ABG - Titan (a subsidiary of Atlas Copco)
XCMG Group
Zoomlion Heavy Industry Science and Technology Co. Ltd.
Weiler
Mauldin Paving Products (a subsidiary of Calder Brothers Corporation)
GOMACO Corporation
Terex Corporation
Hanta Machinery Co. Ltd.
VT LeeBoy, Inc.
SANY Group

Asphalt Pavers Market Recent Development

In May 2020, Trimble Road Works, the major objective is to give paving contractors the tools they need to reduce the 2-D paving control platform for Asphalt Pavers, an automatic screed control system that may increase the precision and productivity in applications of asphalt paving, was introduced by stage of pricey asphalt material, get the best rideability results, and complete their projects on schedule and under budget.
In January 2020, Volvo CE introduced two new 8-foot asphalt pavers in North America. These new pavers have excellent productivity, modern engine technology, and practical service features that make it easy for the operator to install a high-quality mat. The Volvo engines operate quietly, with only 79.2 weighted decibels of vibration (dBa).

REPORT OVERVIEW BUY NOW

REQUEST FOR SAMPLE

Want to customize this report?

REQUEST FREE CUSTOMIZATION

FAQs

Global Asphalt Pavers Market size was valued at USD 2.3 Billion in 2024 and is poised to grow from USD 2.4 Billion in 2025 to USD 3.39 Billion by 2033, growing at a CAGR of 4.4% during the forecast period (2026–2033).

Due to a small number of worldwide competitors and a large number of regional players, the global asphalt paver market is only somewhat fragmented. The majority of technologically sophisticated multinational players are headquartered in North America and Europe. To meet the needs in the region, new businesses are opening up across Asia Pacific. To increase sales in the industry, major manufacturers are introducing cutting-edge asphalt pavers. Manufacturers like Volvo CE are expanding into Asian regions, which is anticipated to accelerate the market growth throughout the forecast period. 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. 'Caterpillar Inc. (USA) ', 'Sumitomo Construction Machinery (Japan) ', 'SANY Group (China) ', 'XCMG Construction Machinery Co., Ltd. (China) ', 'Shantui Construction Machinery Co., Ltd. (China) ', 'Zoomlion Heavy Industry Science & Technology Co., Ltd. (China) ', 'LiuGong Machinery Co., Ltd. (China) ', 'Ammann Group (Switzerland) ', 'Astec Industries, Inc. (USA) ', 'LeeBoy (USA) ', 'Roadtec (USA) ', 'Bomag GmbH (Germany) ', 'Marini (Italy) ', 'Ciber Equipamentos Rodoviários (Brazil) ', 'Sakai Heavy Industries, Ltd. (Japan) ', 'Hyundai Construction Equipment (South Korea) ', 'Volvo Construction Equipment (Sweden) ', 'Wirtgen Group (Germany) ', 'Blaw-Knox (USA) '

Global demand for paved roads is driving up the price of technologically advanced asphalt pavers. These tools are employed in the building of roads, bridges, asphalt playgrounds, parking lots, and other infrastructure projects. Although some asphalt pavers are pulled by dump trucks when laying the asphalt, most of them are now self-propelled devices thanks to developments in technology. Over the projection period, it is anticipated that sales of asphalt machines will continue to be driven by the expansion of smart cities across developing countries. Governments and authorities around the world are spending a lot of money on commercial infrastructure projects and road upkeep. Better connection is also required as a result of increased road traffic in many parts of the world, which is fueling the demand for asphalt paving.

With the pace of rising urbanization and industrial activity rising globally, particularly in developing countries. The need for safe roads, highways, and bridges is high on the list of priorities for the government. A growing amount of money is being spent on roads, highways, and expressways to facilitate the quick and easy transportation of industrial goods throughout the region as well as the movement of people from remote areas to the major cities, where these goods can either be consumed locally or exported.

Asia Pacific accounts for a largest portion of revenue and is expected to maintain its dominance during the projection period, due to increase in building activities and the development and upkeep of roads to lower the number of accidents. Additional variables that are projected to fuel the target market expansion include the region's expanding infrastructure construction activities and renovation projects. Additionally, it is anticipated that developing nations like China and India will want a better road network due to the rise of automobiles and freight transportation. In a document published by the Government of India Planning Commission, it is stated that the Indian government is concentrating on approving the Road Requirement Plan (RRP), which will increase the length of national highways to 200,000 km.

Top Asphalt Pavers Companies

Asphalt Pavers Market Competitive Landscape

FAQs

What is the global market size of Asphalt Pavers Market?

Who are the key vendors in the Asphalt Pavers Market?

What is the key driver of Asphalt Pavers Market?

What is the key market trend for Asphalt Pavers Market?

Which region accounted for the largest share in Asphalt Pavers Market?

Request Free Customization