Product ID: SQMIG20X2007
Global Asphalt Pavers Market Size, Share, Growth Analysis, By Type(Track pavers, Wheel pavers), By Pavement Width Analysis(Less than 2.5 Meters, 2.5 – 5 Meters) - Industry Forecast 2024-2031
Report ID:
SQMIG20X2007 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
63 |
Figures:
75
Global Asphalt Pavers Market Dynamics
Asphalt Pavers Market Driver
- 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.
- The development of economies depends significantly on the state of the transportation infrastructure, which is primarily responsible for regulating the import and export sectors of every market. The infrastructure sector is undergoing widespread global change, which is affecting both developed and developing nations. Large-scale infrastructure projects are currently underway in developing nations, especially for the construction of roads, railways, bridges, and ports, with the aim of strengthening the transportation system. In order to apply asphalt and compact and improve the density of the paved surface, asphalt pavers are widely used in road construction projects. Different kinds of asphalt pavers are readily available, allowing construction work to proceed without difficulty even on smaller roads in developing nations. Therefore, improvements in transportation infrastructure are likely to result in an increase in demand for asphalt paving, particularly in developing nations.
Asphalt Pavers Market Restraint
- Sales in the sector are predicted to be hampered by expensive machinery. Modern tools called asphalt pavers are only employed in roads and walkways of the building. As new pieces of equipment are rarely used over time, the majority of construction organisations opt not to spend money on them.
- Asphalt pavers, both new and used, are available for rent from manufacturers to players in the construction industry. Investments in new equipment are being discouraged by the growing popularity of these rental services globally. Over the anticipated time frame, this is anticipated to impede market growth.
Global Asphalt Pavers Market Report Snapshots
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