About Asphalt Milling Machines
Asphalt milling is a cost-effective solution for restoring asphalt pavements and is often used as a substitute for complete construction and repaving. The procedure entails scraping down an asphalt surface to make it smooth and even for repaving. As asphalt milling equipment advanced, it became a reliable route for paving contractors to sell businesses and communities low-cost, long-term surface restorations. Now that asphalt milling machinery has improved, it has been a safe route for paving contractors to offer inexpensive and long-term surface restorations for businesses and municipalities. Asphalt is also recycling-friendly. The asphalt milling machine is used for the milling of asphalt and concrete. The variety of applications of the machine includes everything from full asphalt and concrete removal to layer-by-layer asphalt and concrete removal and leveling. Many times, Asphalt Milling machines are bought by big infrastructure companies, and also, they are generally rented for the work. They are essential tools for completing asphalt milling efficiently.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
John Deere (United States), CMI Roadbuilding Limited (United Kingdom), Wirtgen Group (Germany), Caterpillar (United States), XCMG (China), Astec Industries (United States), Bomag (Germany), Dynapac (Sweden), Huatong Kinetics (China) and LiuGong (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Asphalt Milling Machines market by , Application (Roads, Airport Runways, Recreation of Tracks, Industrial Ports and Others) and Region.
On the basis of geography, the market of Asphalt Milling Machines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. Compact Milling Machine will boost the Asphalt Milling Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Asphalt Milling Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power, the sub-segment i.e. Up To 60 HP will boost the Asphalt Milling Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Innovation in Development of Asphalt Milling Machine
Market Growth Drivers:
Need of Asphalt Pavement Restoration and Cost-Effectiveness of Asphalt Milling as Compared to Other Methods
Challenges:
Need of Training for Operating the Machine and Transportation of Asphalt Milling Machine is Challenging
Restraints:
High Cost Associated with Asphalt Milling Machines
Opportunities:
Increasing Infrastructure Spending of Developing Nations and Growing Consumption of Vehicles Will Ultimately Boost the Demand for Asphalt Milling Machines
Market Leaders and their expansionary development strategies
In September 2023, InCompass, a platform company of TJM Capital Partners, has acquiredanother prominent player in the machine tool industry, Bridgeport Machine Tool Company.Bridgeport offers outstanding vertical milling solutions, opening up new avenues for us to cater to our valued customers." The financial terms of the transaction remain confidential.
On July 14th, 2020, expanding on its established lineup of attachments, John Deere unveiled its new CP18E, CP24E, and CP30E cold planers. These new attachment offerings help operators who work on street repairs, leveling uneven pavement, texturing pavement, and cleaning around larger milling machines. The CP18E, CP24E, and CP30E are compatible with John Deere skid steers and compact track loaders, as well as equipment offered by competitors.
According to the New Jersey Department of Environmental Protection, Any selected use of asphalt millings must be consistent with other applicable or relevant Federal, State or local laws or regulations. If a proposed use does not comply with other applicable laws, the user would not be approved by the Department and thus would be considered to be landfilling with illegal materials and creating an illegal landfill. Those responsible for implementing any proposed use for asphalt millings must identify all applicable and relevant laws and regulations and may seek assistance from the Department.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Asphalt Milling Machines Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.