Global Paving Machine Market Overview:
Paving machines are special purpose machines, used in building concrete roads, pavements, and sidewalks. These are self-propelling machines that have a hopper, auger, and a screed. Paving machines have played a significant role in the road and pavement construction industry. Paving equipment is versatile in nature and can handle several types of construction material such as asphalt, concrete, bricks, and solid blocks. It lays the asphalt flat and provides minor compaction before it is compacted by a roller. Some of the players profiled in the study are Wirtgen Group (Germany), AB VOLVO (Sweden), Atlas Copco (Sweden), CAT (United States), FAYAT (France), SUMITOMO (Japan), ST Engineering (Singapore), HANTA (Japan), XCMG (China) and SANY (China).
On the basis of geography, the market of Paving Machine 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 Mounting, the sub-segment i.e. Wheel Paving Equipment will boost the Paving Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Asphalt Paving Equipment will boost the Paving Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rapid urbanization and an increase in spending on road infrastructure and construction projects are some of the key factors driving the growth of the market.
- Reduced Cost of Construction owing to Optimum Use of Materials and Precise Construction
Influencing Trend
- Improved features from larger pavers are starting to be seen on smaller equipment and, are even becoming standard for the small and mid-sized pavers.
Restraints
- High Cost of the Equipment owing to Latest Features and Technology
Opportunities
- Growing Infrastructure Development in Emerging Economies and Next-Generation Workplace
- Technological Advancements in Paving Machine Manufacturing
Challenges
- High Investments Required for Research & Developments
On October 7, 2019, the Fayat Group acquired Fouchard, a company specializing in the design and installation of air conditioning, engineering systems, into the Fayat Group.
Target Audience:
Paving Machine Manufacturers, Government Organizations, Construction & Material Companies, Traders/Exporters/Importers/Distributors and Industrial Bodies and Associations
Major Objectives Focused through this Study
To define, describe, and forecast the Global Paving Machine market on the basis of product [Mechanical Paving Machine and Hydrostatic Paving Machine] , application [Construction, Road and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Paving Machine market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Paving Machine industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are JiangSu Huatong Kinetics (China), ZOOMLION (China), Xinzhu Corporation (China), DingshengTiangong (China) and LiuGong (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Paving Machine market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.