Asphalt Pavers Market Size & Growth Report to 2030

The global asphalt pavers market size was valued at around USD 2 billion in 2022 and is expected to grow at a CAGR of ~ 4% during the forecast period of 2023 to 2030. The market is driven by various factors such as the growing demand for road construction and maintenance, increasing urbanization, and the rising need for improving transportation infrastructure. The market is also driven by the growing adoption of technology in asphalt paving, which is leading to the development of advanced pavers that offer improved efficiency, safety, and environmental performance.

Additionally, the growing demand for eco-friendly and sustainable construction materials is also driving the market growth. Asphalt pavers are being increasingly used in the construction of green roads and other sustainable infrastructure projects. The growing emphasis on reducing carbon emissions and promoting sustainable development practices is expected to drive the demand for asphalt pavers in the coming years. Moreover, the availability of government funding and initiatives for infrastructure development and maintenance is expected to provide significant growth opportunities for the market players. Overall, the global asphalt pavers market is expected to witness steady growth in the coming years, driven by these and other factors.

Driving Factors:

Increasing demand for road construction and maintenance: The growing need for new road construction and maintenance, particularly in developing countries, is driving the demand for asphalt pavers. Asphalt is the most commonly used material for road construction, and the increasing investment in infrastructure development is expected to drive the growth of the market.

Government initiatives: Governments worldwide are focusing on infrastructure development to promote economic growth, which is driving the demand for asphalt pavers. Initiatives such as the “Build Back Better” plan in the United States and the “Bharatmala Pariyojana” in India are expected to create significant opportunities for the market.

Growing demand for high-performance pavers: The demand for high-performance pavers is increasing as they offer greater efficiency, durability, and cost-effectiveness. The adoption of advanced technologies, such as sensors and control systems, is also driving the demand for high-performance pavers.

Rising demand for sustainable and eco-friendly road construction: The increasing focus on sustainable and eco-friendly road construction is driving the demand for asphalt pavers that use recycled materials, such as reclaimed asphalt pavement (RAP) and recycled asphalt shingles (RAS).

Growing demand for asphalt pavers in emerging economies: The increasing construction activities in emerging economies, such as China, India, and Brazil, are expected to create significant growth opportunities for the market. The rising urbanization, population growth, and increasing investment in infrastructure development in these countries are driving the demand for asphalt pavers.

Report Attributes:

To know more about the research study, request sample papers

Market Insights:

Global Asphalt Pavers Market Analysis by Type

The global asphalt pavers market is bifurcated into type, technology, paver width, and geography. On the basis of type, the market is further segmented into tracked pavers, wheeled pavers, and others. In recent years, both tracked pavers and wheeled pavers have been popular choices for paving applications, each with its own advantages and disadvantages. Tracked pavers are ideal for heavy-duty paving projects due to their stability and traction, while wheeled pavers are generally more maneuverable and suitable for smaller-scale projects.

Tracked pavers are equipped with tracks instead of wheels, providing better traction on soft and uneven terrain, making them ideal for use in areas with difficult access or rough terrain. Wheeled pavers are equipped with wheels and can be driven on roads and highways. They are suitable for use in urban areas, where the construction site is easy to access. Other types of asphalt pavers include towed pavers, which are suitable for smaller construction sites, and self-propelled pavers, which can move and lay asphalt simultaneously. The demand for asphalt pavers is increasing due to the growth in infrastructure development, such as road construction, expansion of airport runways, and commercial building construction. The increasing focus on road safety, government initiatives to improve transportation infrastructure, and the need for maintenance and repair of existing infrastructure are other key drivers for the growth of the asphalt pavers market.

Tracked Pavers: These are asphalt pavers that run on tracks, which provide better traction and maneuverability on rough terrain. Tracked pavers are preferred for large-scale projects and are capable of laying down high-quality asphalt at a faster rate.

Wheeled Pavers: These are asphalt pavers that run on wheels and are more versatile and easy to operate than tracked pavers. They are suitable for smaller paving projects, such as driveways and parking lots.

Others: This segment includes asphalt pavers that use innovative technologies such as GPS and 3D modeling to improve accuracy and efficiency in paving operations. These pavers are becoming increasingly popular in the industry as they offer higher precision and better control over the paving process.

Global Asphalt Pavers Market Analysis by Technology

On the basis of technology, the global asphalt pavers market is bifurcated into mechanical pavers, hydraulic pavers, and others. The hydraulic pavers are generally considered to be more efficient and versatile than mechanical pavers, making them a popular choice for paving contractors. Hydraulic pavers use hydraulic systems to power their movements and functions, allowing for more precise control over the paving process and easier adjustments to the paving speed and thickness. They also tend to require less maintenance and produce a higher-quality finished product compared to mechanical pavers.

Mechanical Pavers: These types of pavers are equipped with a mechanical drive system that is powered by a diesel engine. The mechanical system drives the conveyor chain, augers, and screed. Mechanical pavers are simple to operate and maintain. However, they require a skilled operator to achieve a high level of paving quality.

Hydraulic Pavers: These types of pavers are equipped with hydraulic systems that power the conveyor chain, augers, and screed. Hydraulic pavers offer better paving quality and higher paving speeds than mechanical pavers. They are also more versatile and can be used in a wider range of applications.

Others: This segment includes pavers that use other technologies such as electric or hybrid power systems. These types of pavers are still in the experimental phase and are not widely used in the market yet.

In terms of dominance, hydraulic pavers are currently the most widely used technology in the asphalt pavers market due to their superior performance, efficiency, and versatility. However, mechanical pavers are still preferred in certain applications where simplicity and ease of maintenance are more important than high paving quality.

The asphalt pavers market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Type:

• Tracked Pavers
• Wheeled Pavers
• Others

By Technology:

• Mechanical Pavers
• Hydraulic Pavers
• Others

By Paver Width:

• Up to 1.5 m
• 5-2.5 m
• 5-5 m
• Over 5 m

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage

In recent years, the dominant region in the global asphalt pavers market is Asia-Pacific. This can be attributed to the rising demand for road construction and infrastructure development in countries such as China, India, and Japan. Additionally, increasing government initiatives to improve transportation infrastructure and increasing urbanization in the region are also driving the demand for asphalt pavers.

Furthermore, North America and Europe are also significant markets for asphalt pavers due to the presence of established construction industries and growing demand for road maintenance and repair. The Middle East and Africa region is also expected to witness significant growth in the forecast period due to increasing investment in infrastructure development projects and urbanization.

Geographically, the asphalt pavers market report comprises dedicated sections centering on the regional market revenue and trends. The asphalt pavers market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The asphalt pavers market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Asphalt pavers market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment

The global asphalt pavers market is highly competitive with the presence of several large and small players. The major players in the market are focusing on strategies such as partnerships, collaborations, and product launches to expand their market share. For instance, in 2021, Caterpillar launched a new AP1000F and AP1055F asphalt pavers that are designed to meet Tier 4 emissions standards.

The key players in the global asphalt pavers market include Caterpillar, Volvo Construction Equipment, Wirtgen Group, Roadtec, Bomag, Dynapac, Sakai, Vögele, LeeBoy, and SANY Group, among others. These players are focusing on new product launches, partnerships, and collaborations to expand their market share and increase their customer base.

Caterpillar is a leading player in the asphalt pavers market, offering a range of asphalt pavers that are highly efficient and have a low cost of ownership. Volvo Construction Equipment is another major player in the market, offering a range of asphalt pavers that are designed to be highly productive and efficient. Wirtgen Group is a leading player in the market, offering a range of asphalt pavers that are known for their high quality and reliability.

Recent Development:

• Dynapac recently launched a new model of highway pavers, the 8-foot tracked paver D25T, in the US market in April 2022. This move followed the US federal government’s allocation of USD 1 trillion for the development of roads and highways in the country.
• Wirtgen unveiled the SP 102i concrete pavers in February 2022, featuring a modular design that allows for the addition or removal of necessary modules to accommodate a range of applications.
• In December 2021, Caterpillar Inc. expanded its line of paving products by introducing a new range of compact asphalt pavers and screeds.
• In January 2021, Caterpillar introduced the new AP1000F and AP1055F pavers, which are equipped with advanced features like a new screed platform, new controls system, and new engines to provide better fuel efficiency and higher productivity.
• In December 2020, Volvo Construction Equipment launched the P5110B tracked paver, which is equipped with a new engine, new hydraulic systems, and a new operator platform for improved operator comfort and efficiency.
• In October 2020, Ammann Group launched the AFT 700-3 wheeled paver, which features a new screed that can be used for both asphalt and concrete paving, and a new operator interface with advanced features like automatic levelling and vibration control.
• In September 2020, Dynapac launched the SD1800C and SD1800CS tracked pavers, which feature a new engine, new hydraulics, and a new screed system for improved performance and efficiency.
• In August 2020, Wirtgen Group launched the SP124i slipform paver, which is designed for paving concrete surfaces like highways, airports, and industrial zones, and features advanced technologies like 3D machine control and telematics for improved accuracy and efficiency.

Key Companies:

• Caterpillar Inc.
• Volvo Construction Equipment
• Wirtgen Group
• Dynapac AB
• Sany Group
• LeeBoy
• Zoomlion Heavy Industry Science & Technology Co., Ltd.
• Astec Industries, Inc.
• Fayat Group
• GOMACO Corporation

Key Questions Answered by Asphalt Pavers Market Report

• Global asphalt pavers market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Asphalt pavers submarket forecasts from 2023-2030 covering the market by type, technology, paver width, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level asphalt pavers markets from 2023-2030
• Competitive Landscape and market positioning of top 10 players operating in the market