Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Asphalt Mixing Plant Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 1.4 % during the review period (2022 to 2027).
Asphalt Mixing Plant Market Overview
Asphalt plants are also known as asphalt mixing plants formed by mixing dry warm material, padding, and hydrocarbons formed by petrol oil factories and coal distillation.. Asphalt is prepared using raw materials such as sand, aggregates, stone dust, and bitumen. these plants are used in several applications, such as road construction, parking lots, and airport construction. Asphalt mixing plants are grouping of electronic and mechanical machinery, where asphalt is produced as a hot mixture. Asphalt storage, carbon burner, dust collector, vibrating screen filter supply system, hot aggregate collector, coal feeder, weighing & mixing system, cold aggregate supply system, and drum dryer are different machineries used in asphalt mixing plants.The infrastructure and construction sector has witnessed rapid growth during the past few years, which has driven the demand for asphalt mixing plants. The global asphalt mixing plants market is driven by fluctuations in the infrastructure sector, which is the key market for asphalt mixing plants. Prospects of construction activities is likely to propel movements in the asphalt mixing plants market. Fluctuations in road construction, repair, and maintenance sector are expected to impact the demand for asphalt mixing plants.Rising investments in infrastructure in developing countries are expected to boost the growth of the asphalt mixing plants market during the forecast period. Furthermore, economic growth across countries is driving governments to focus on improving public infrastructure, which is a major end-user segment of the asphalt mixing plants market.
Industry News:
March 8, 2022-- Lintec CSM asphalt mixing plants travel across Inner Mongolia. The ease of transporting Lintec CSM containerised asphalt batch plants was a key factor in the contractor’s purchasing decision, due to the long distances between consecutive jobs. The plants worked on the 96 km Jingwu Expressway, which halves the travel time between Jingpeng, a tourist attraction in Inner Mongolia, and Beijing.
What are the major Applications, Types and Regions for Asphalt Mixing Plant Market?
By Types it is segmented into
- Below 240t/h
- 240t/h-320t/h
- Above 320t/h
By Applications it is segmented into
Asphalt Mixing Plant Market Regional Analysis
Asia Pacific held a major chunk of global asphalt mixing plants market and in 2020, it had generated revenue more than USD 2.5 billion. This has been attributed to the growing infrastructure market in Asia Pacific from 7% to 8% over the next few years. Countries in this region are largely concentrating on road construction activities, as these act as catalysts to country’s economic growth.
All these factors greatly affect the Asphalt Mixing Plant market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Asphalt Mixing Plant Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Asphalt Mixing Plant Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Asphalt Mixing Plant Market Report Scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 1.4% during the review period (2022 to 2027).
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By Type
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- Below 240t/h
- 240t/h-320t/h
- Above 320t/h
- Others
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By Application
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By Companies
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MARINI, Ammann, Lintec, WIRTGEN, Astec, Nikko, Sany, Tietuo Machinery, XRMC, Roady, GP Günter Papenburg, Yalong, Liaoyang Road Construction Machinery, Luda, Xinhai, Tanaka Iron Works, SPECO, Huatong Kinetics, NFLG, Southeast Construction Machinery, Yima, Jilin Road Construction Machinery, Zoomlion, D&G Machinery, speedcrafts, Capious Roadtech, Atlas Industries, SHITLA Road Equipment
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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167
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Asphalt Mixing Plant Report
- Evaluate Asphalt Mixing Plant market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Asphalt Mixing Plant market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
FAQ -
What is the study period of this market?
The Asphalt Mixing Plant Market is studied from 2017 - 2027.
What is the growth rate of Asphalt Mixing Plant Market?
The Asphalt Mixing Plant Market is growing at a CAGR of 1.4% over the next 5 years.
What regions does this Asphalt Mixing Plant Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
