Asphalt Mixing Plants Market is expected to grow rapidly from growing Construction and Infrastructure Sectors till 2024

According to Global Market Insights, Asphalt Mixing Plants Market provides a comprehensive analysis of the Asphalt Mixing Plants market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Asphalt Mixing Plants industry.

The escalating growth of the construction and infrastructure sectors is one of prominent factors stimulating asphalt mixing plants market, given that asphalt is one of key raw materials used in road construction. Strictly speaking, around 70% of overall asphalt production is consumed for road developments. Taking into consideration, the large-scale use of asphalt for road construction, industry giants are utilizing innovative technologies to reduce labor cost, machine wear, and fuel consumption.

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Increasing spending capabilities are likely to fuel the requirement for passenger and personal cars, leading to an increased rate of traffic, which will demand the existence of strong roads, thereby propelling asphalt mixing plants market. In the light of the exponentially rising automobile demand, the governments of various countries are investing heavily in developing highways, which will further boost market share over the years ahead.

Most of the automakers are expanding their regional presence across Asia Pacific, pertaining to the growing consumer base. The governments of various Asian countries such as India, China, Japan, Malaysia, and Thailand are investing a huge amount of capital to improve road infrastructure. As per estimates, in 2016, Asia Pacific asphalt mixing plants industry accounted for a revenue of USD 2.5 billion.

Pertaining to the energy efficiency factor, asphalt mixing plant technology has been witnessing the trend of rental asphalt plant (RAP). Companies such as Amomatic have been undertaking steps to fulfill the client demands for rental plant owing to the subsequent reduction in huge initial investments in asphalt plant. Initiatives such as these are likely to promote the rental plant strategy, and eventually stimulate asphalt mixing plants market size over the coming years.

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Continuous technological innovations and investments in R&D activities are slated to become fruitful for asphalt mixing plants industry players to sustain their leading position over the years ahead. Most of the behemoths operating in market have been turning to acquisitions to enhance their product diversification. In 2014, for instance, Ammann acquired the leading German concrete mixing plant manufacturer Elba-Werk. In 2013, Ammann had also installed a manufacturing plant in collaboration with Apollo India Private Ltd, where asphalt pavers, asphalt mixing plants, and Apollo soil compactors are manufactured. Globally, asphalt mixing plants market is likely to depict an upward growth graph, with a CAGR estimation of 1.4% over the coming seven years.

Partial Chapter of the Table of Content

Chapter 2. Executive Summary

2.1.  Asphalt mixing plants industry 360° synopsis, 2013 – 2024

2.1.1.     Business trends

2.1.2.     Process trends

2.1.3.     Product trends

2.1.4.     Application trends

2.1.5.     Regional trends

Chapter 3. Asphalt Mixing Plants Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2013 – 2024

3.3.  Industry ecosystem analysis

3.3.1.     Vendor matrix

3.3.2.     Distributor channel analysis

3.4.  Technology Landscape

3.5.  Raw material analysis

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3.6.  Regulatory landscape

3.6.1.     U.S.

3.6.2.     Europe

3.6.3.     China

3.7.  Pricing analysis

3.7.1.     Cost structure analysis

3.7.2.     Regional pricing

3.8.  Industry impact forces

3.8.1.     Growth drivers

3.8.1.1.    Increasing road construction activities in Asia Pacific

3.8.1.2.    Increasing asphalt production globally

3.8.2.     Industry pitfalls & challenges

3.8.2.1.    Toxic emissions during asphalt mixing process

3.9.  Growth potential analysis

3.9.1.     New business models

3.10.        Porter’s analysis

3.11.    Company market share analysis, 2016

3.11.1.   Strategy landscape

3.11.2.   Company wise regional production capacity and plant locations

3.12.     PESTEL analysis

Related News: https://www.marketwatch.com/press-release/construction-equipment-rental-market-in-asia-pacific-is-expected-to-reach-40-billion-by-2024-2019-04-11