The Asphalt Mixing Plants Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s Global Market Report 2024 on Asphalt Mixing Plants, the market has exhibited a consistent upward trajectory, projecting a rise from $6.6 billion in 2024 to $6.79 billion at a noteworthy compound annual growth rate (CAGR) of 2.8%. This growth in the historical period is attributable to burgeoning infrastructure development, urbanization trends, stringent environmental regulations, and prevailing global economic conditions.
Anticipating continued expansion, the asphalt mixing plants market is poised to reach $7.52 billion by 2028, boasting a CAGR of 2.6%. This foresight stems from the influence of smart infrastructure, circular economy initiatives, burgeoning e-mobility trends, global connectivity demands, and a heightened focus on resilience and disaster preparedness. Key trends on the horizon encompass digital twin technology, continuous technological advancements, material innovation, customization, flexibility, and collaborative supply chains.
The rise in infrastructure investments is expected to propel the growth of the asphalt mixing plants market going forward. Infrastructure investment refers to the distribution of financial resources for constructing, upkeep, and enhancing physical buildings and structures that support social and economic well-being. Asphalt mixing paints in infrastructure development are used in constructing and maintaining roads, highways, airports, and other transportation networks. For instance, in May 2024, according to a report by The Office for National Statistics, a UK-based government department, infrastructure construction for new work had a total value of $37.96 billion in 2021. Much of this increase was because of roads and railways, which comprised 61.1% of all new work and experienced rises of 93.4% and 88.7%, respectively, in 2021. Therefore, the rise in infrastructure investments is driving the growth of the asphalt mixing plants market.
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The asphalt mixing plants market covered in this report is segmented –
1) By Product: Batch Mix, Drum Mix, Continuous Mix
2) By Process: Batch, Continuous
3) By Capacity: Below 50T/H, 50-150T/H, 151-300T/H, Above 300T/H
4) By Application: Road Construction, Parking Lots, Pedestrian Paths, Bridge
Top 5 Major Players:
- Zoomlion Heavy Industry Science & Technology Co. Ltd
- Marini s.p.a
- Sany Heavy Industry Co. Ltd
- Terex Corporation
- Astec Industries Inc
A prominent trend gaining traction within the asphalt mixing plants market is the surge in product innovations. Major industry players are strategically investing in novel products to fortify their market standing. A case in point is the February 2021 launch by Wirtgen Group, a leading Germany-based machinery industry company, unveiling the KMA 240, a cutting-edge mobile cold mixing plant designed for sustainable recycling. With a capacity to process 240t of mix per hour from diverse building materials in an eco-friendly manner, it plays a pivotal role in ensuring the integration of recycled building materials into road construction processes, maintaining high-quality standards. The cold recycling mixing plant’s innovative design incorporates its engine unit on a flatbed semitrailer for enhanced efficiency.
1. Executive Summary
2. Asphalt Mixing Plants Market Characteristics
3. Asphalt Mixing Plants Market Trends And Strategies
4. Asphalt Mixing Plants Market – Macro Economic Scenario
5. Global Asphalt Mixing Plants Market Size and Growth
…..
32. Global Asphalt Mixing Plants Market Competitive Benchmarking
33. Global Asphalt Mixing Plants Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Asphalt Mixing Plants Market
35. Asphalt Mixing Plants Market Future Outlook and Potential Analysis
36. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Asphalt Mixing Plants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Asphalt Mixing Plants Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Asphalt Mixing Plants Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Zoomlion Heavy Industry Science & Technology Co. Ltd. Financial Performance
Table 76: Marini s.p.a Financial Performance
Table 77: Sany Heavy Industry Co. Ltd. Financial Performance
Table 78: Terex Corporation Financial Performance
Table 79: Astec Industries Inc. Financial Performance
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