The Global Asphalt Mixing Plants market was accounted for US$ 2.1 Bn in 2017, and is projected to reach US$ 2.4 Bn in 2023, expanding at a sluggish CAGR of 2.3% during the forecasted period, i.e. between 2017 and 2023.
The report studies the Asphalt Mixing Plants market status and outlook of regions, key players operating in the market, product types and end industries; this report analyses the strategy of top players across the globe and regional key players, and splits the Asphalt Mixing Plants market by product type and applications/end industries.
Global Asphalt Mixing Plants Market: Driver
One of the most important factors which are propelling the growth of global asphalt mixing plants market is unprecedented growth in the construction and infrastructure industry. The steady growth has been witnessed in the repairing of roads and construction business all over the globe is expected to escalate the demand for the product in the years to come. The usage of asphalt mixing plants are widely found in various road construction projects, tunnels, bridges, and highways. Additionally, the automobile industry in the Asia Pacific, especially in India and China are booming which is creating a positive impact on the growth of the global market for asphalt mixing plants in the projected period.
Global Asphalt Mixing Plants Market: Forecast by Type
On the basis of product, the market is primarily split into –Below 240t/h, 240t/h-320t/h, Above 320t/h. 240t/h-320t/h segment dominated type segment in terms of volume in the year 2017.
Global Asphalt Mixing Plants Market: Forecast by Application
Application segment consists of Road Construction and Other Applications. Road Construction segment is expected to lead the market during the anticipated period.
Global Asphalt Mixing Plants Market: Forecast by Region
Geographically, this report is segmented into several key Regions, with revenue, market share and growth rate of Asphalt Mixing Plants in these regions, from 2013 to 2023 (forecast), covering –North America, Europe, China, India, Asia-Pacific, South America and ROW. China is expected to lead the market. The Asia-Pacific market is expected to expand at a CAGR of 2.5% in terms of revenue over the forecast period.
Global Asphalt Mixing Plants Market: Key Players
MARINI, Ammann, Lintec, WIRTGEN, Astec, Nikko, Sany, Tietuo Machinery, XRMC, Roady, GP Günter Papenburg, Yalong, Liaoyang Road Construction Machinery, Luda, Xinhai, Tanaka Iron Works Co.,Ltd., SPECO, Huatong Kinetics, NFLG, Southeast Construction Machinery, Yima, Jilin Road Construction Machinery, Zoomlion, D&G Machinery, Speedcrafts, Capious Roadtech Pvt, Atlas Industries, and SHITLA Road Equipment are the key vendors included in this report. The leading companies own advantages such as better performance, numerous product types, better technical and impeccable after-sales service. Consequently, they capture the majority of the market share in the years to come.
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