Global Asphalt Pavers Market Highlighting Regional Revenue Share Dominance

Posted by Arslan on March 1st, 2019

Fact.MR has compiled a study on the asphalt pavers market and published a report titled, “Asphalt Pavers Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028”. The asphalt pavers market report provides the users with a comprehensive outlook of the asphalt pavers market that includes all the vital insights, key trends, drivers, market challenges and future opportunities in the asphalt pavers market during the forecast period.

Screed Technology Upgrade – a Prime Milestone for Asphalt Pavers’ Manufacturers to Meet Demand for Better Asphalt Mat

In the important tasks of asphalt paving operations, screed plays a vital role in delivering better quality and optimum density of an asphalt road. Manufacturers in the asphalt pavers market are actively implementing new features in screed component that deliver better quality asphalt mat and ultimately improve the lifecycle of the pavement.

Screeds with pre-compaction are one of the highly sought-after features by end-users in asphalt pavers. An efficient pre-compaction helps in achieving greater density in asphalt mat and maximizes air void reduction through rollers. OEMs in the asphalt pavers market deliver screed components with a combination of configurations such as screed weight, paving speed and temper bar amplitude that can be adjusted according to the end user requirement.

Improving Road Infrastructure to Underpin Asphalt Pavers Market Sustainability

In a bid to achieve the goals of socioeconomic progress with an increasing emphasis on strengthening transport infrastructure, road infrastructures are improving across the globe.

Significant investments are underway for new infrastructures and for the maintenance of existing infrastructure. For instance, World Bank, in March 2018, approved US$ 210 million for the rural connectivity project in Madhya Pradesh, India. In May 2018, World Bank approved National Road 13 Improvement and Maintenance Project in Lao PDR.

Support from the World Bank and increasing public-private partnership is strengthening the connectivity between urban and rural markets through roads and highway connectivity. The essential requirement of construction equipment in such construction projects is expected to maintain the sustainability of asphalt pavers market in the future.

Asphalt Pavers’ Stakeholders Target Customer Convenience in Financing Options and Equipment Acquisitions

A steady economic growth combined with significant investments in construction projects is ensuring business optimism in the construction equipment marketplace. Inclusion of disruptive technologies is further changing the equipment landscape wherein customer preferences are changing dynamically.

Equipment finance companies are adopting innovative and tailored financing options to meet unique customer demand. Use of different platforms to perform periodic hardware diagnostics and innovative service agreements is fueling increasing equipment acquisitions in the asphalt pavers market.

Demand for Temporary Equipment Solutions to Bode Well for Rental Services in Asphalt Pavers Market

Considering the cost-intensive nature of the product, end users of asphalt pavers usually prefer renting over owning the equipment. In road construction projects, asphalt pavers are used to complete the roadworks rapidly. Owing to the nature of temporary work in road and highway construction, equipment hire continues to be one of the prominent necessity as it saves significant capital investment.

In a bid to meet the growing demand for temporary equipment solutions, OEMs in the asphalt pavers market provide on-demand equipment rental solutions through their rental store distribution network.

Research Methodology

The robust research methodology used during the course of the asphalt pavers market study is discussed comprehensively in this section of the report. Primary and secondary research analysis undertaken during the asphalt pavers market study is thoroughly described in this section of the asphalt pavers market report.

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