Asphalt Mixing Plants Market - Key Trends, Revenue, Opportunity and Segment to 2024
Category: #headlines  By Rahul Varpe  Date: 2020-06-11
  • share
  • Twitter
  • Facebook
  • LinkedIn
Asphalt Mixing Plants Market - Key Trends, Revenue, Opportunity and Segment to 2024

In 2016, the market was led by batch type asphalt mixing plants owing to the advantages involved such as low spare parts cost, low running cost etc. In the same year, this segment contributed to the revenue over USD 3.8 billion and is expected to follow the same trend in the near future. The continuous plants will likely witness gains of CAGR over 1.3% by 2024. This segment holds involve the benefits of low fuel consumption, enhanced hot mix asphalt quality and will observe significant growth potential in the forecast period.

Request for a sample copy of this report @ http://decresearch.com/request-sample/detail/1998          

Asphalt Mixing Plants Market size is projected to exceed USD 7 billion; according to a new research report.

Growing preference to asphalt in road construction industry will be a major factor propelling the asphalt mixing plants market by 2024. For instance, in 2016, 85% of the total asphalt produced was used for road surfaces and pavements in the U.S. In Europe, over 90% of the 5.2 million km of paved roads and highways have been surfaced with asphalt.

Asphalt mixing plants have been used in highways, bridges, tunnels and other road construction. The thriving automobile sector in Asia Pacific, has been driving the demand for stronger and long-lasting roads, which in turn will intensify regional restoration projects and road construction. Additionally, asphalt mixing plants market growth will also be attributed to globally rising production of asphalt in North America and Europe.

Asphalt Mixing Plants Market Growth Drivers: -

  1. Increasing road construction activities in Asia Pacific
  2. Increasing asphalt production globally

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/asphalt-mixing-plants-market

Asphalt mixing plants market by product: -

  1. Portable
  2. Stationary

Asphalt mixing plants market by application: -

  1. Road construction.
  2. Others

Considering the product trends, portable asphalt mixing plants are expected to grow at CAGR over 1.5% by 2024. The growth will be ascribed to the compact structure and the convenience involved with mounting capabilities in the vicinity of the construction sites. In 2016, stationary asphalt mixing plants observed revenue over USD 5.9 billion. This segment features promising gains in the coming years owing to stable operational capability, supple equipment options in addition to the vast production capacities as equated to portable plants.

Some of the asphalt mixing plants market share contributors are: -

Ammann Group Holding AG, Speedcrafts Limited, NIKKO Co., Ltd, DMI Engineering & Manufacturing Co. Ltd, GP Gunter Papenburg AG, SPECO Ltd, Benninghoven GmbH & Co., KG, Marini S.p.A, ASTEC Industries Inc., Beston (Henan) Machinery Company Limited, Parker Plant Limited, LINTEC Germany GmbH, NFLG, Inc., Capious Roadtech Pvt. Ltd., Atlas Industries, Zoomlion Heavy Industry Science & Technology Co., Kaushik Engineering Works, SANY Group, CIBER., and Kredmash Inc.

 

 

 

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Medical Waste Management Market Share Research By Applications And Regions 
Medical Waste Management Market Share Research By Applications And Regions 
By Rahul Varpe

The study titled ‘Global Medical Waste Management Market Research Report’ includes detailed research undertaken by analysts as well as an in-depth analysis of the global market. A detailed, highly extensive study of this market alongside ...

Global COVID-19 Detection Kits Market Share Overview & Forecast To 2026
Global COVID-19 Detection Kits Market Share Overview & Forecast To 2026
By Rahul Varpe

The COVID-19 Detection Kits Market is expected to register a CAGR of 17.3% during the period 2020 -2026.  This research report analyzed by means of Evolving Technology, Business Competitors, Industry Strategies, Key Companies, Growth rate, and F...

Personal Protective Equipment for Infection Control Market Inclinations And Development Status Highlighted During Forecast Period 2020-2026
Personal Protective Equipment for Infection Control Market Inclinations And Development Status Highlighted During Forecast Period 2020-2026
By Rahul Varpe

The study is titled ‘Global Personal Protective Equipment for Infection Control Market Research Report’, in which extensive research has been undertaken by analysts and a detailed evaluation of the global market has been provided. The rep...