Asphalt Paver Market Report Based on Company Shares and global CompetitionPosted by Arslan on February 20th, 2020 The global market for asphalt pavers is anticipated to grow at a value CAGR of 3.7%, during the forecast period, to reach a market size of ~USD 1.6 Bn by the end of 2029 from an estimated USD ~1.1 Bn in 2019, according to a new Fact.MR study. Rising developments in road infrastructure across the world would fuel the demand for asphalt pavers. Despites its ensuing complexities for suppliers and manufacturers, the expansion of more efficient and durable machines is considered to be a boon for the growth of the asphalt paver market. Competitive Assessment: The keyword market report includes global as well as emerging players:
Development in Road Infrastructure to Boost the Demand for Asphalt Pavers Transportation infrastructure plays an important role in the development of economies as it primarily controls the export and import sector of every market. Global transformation of the infrastructure industry is changing the appearance of developed as well as developing countries. In developing countries, big infrastructure projects are in progress, notably for the construction of railways, roads, ports and bridges, to strengthen the transportation backbone. Wide range of construction projects such as road construction, airport and runways, streets & highways and many other projects that cannot be built without proper paving is leading to the demand for paving equipment & asphalt pavers. Asphalt pavers are used to lay asphalt on bridges, roads, highways, and other such places. It lays asphalt flat and provides compaction before it is compacted by a roller. You can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S&rep_id=2296 Higher Demand for Compact Pavements Work in Developing Economies To gain higher business profitability, especially in emerging economies, road construction contractors tend to prefer low quality materials for construction of new roads and highways. This practice leads to quicker damage of roads and highways and increases the need for asphalt paving work. Poor quality road conditions can lead to more number of accidents. This includes uneven road surfaces, exposed rebar, potholes, sinkholes, broken concrete, and road cracks. The increase in the number of road accidents has grabbed government attention towards the proper maintenance of roads. The government in developing economies are funding more towards routine maintenance of highways, roads, and public transportation. Like it? Share it! More by this author |