Paver Market

Paver Market – Introduction

Paver are construction equipment used to place asphalt on the roads, parking lots, bridges and many other places. This equipment is employed to make the asphalt flat and provides minor compaction. Subsequently, the asphalt is compacted by a roller. A paver may include paver finisher, asphalt finisher as well as paving machines.

Global Paver Market – Competitive Landscape

The global paver market is moderately fragmented due to the presence of a few global players coupled with the presence of numerous regional players. Most global players that are technologically advanced are based in North America and Europe. However, new companies in Asia Pacific are expanding, thereby catering to the demand in the region. Key players involved in the manufacture of paver equipment include:

Volvo CE

Volvo CE, a Sweden-based company, specializes in the manufacture of construction equipment and manufacturer related industries. The company provides excavators, wheel loaders, articulated haulers, asphalt pavers and compactors. It has approximately 14,000 employees and operations in 140 countries worldwide.

Caterpillar Inc.

Caterpillar Inc. is a prominent U.S.-based company that engages in the design and manufacture of construction machinery, financial products, and insurance. It specializes in the manufacture of asphalt pavers, articulated trucks, compactors, dozers, and drills.

Weiler Abrasives Group

Weiler Abrasives Group, a leading U.S.-based company, specializes in the manufacture of construction equipment. The company’s product portfolio includes abrasives, compactors, and asphalt pavers.

Zoomlion Company Limited

Established in 1992, Zoomlion Heavy Industry Science & Technology Co., Ltd. is focused on the manufacturing of high-tech equipment that are utilized in engineering and agricultural sectors. The company has nine major product categories with 49 product lines with 800 products.

Bomag GMBH

Bopparder Maschinenbau-Gesellschaft mbH specializes in the manufacture of compaction technology equipment as well as asphalt and refuse compaction equipment, coupled with stabilizers and recyclers.

Other Prominent Players

Apart from these players, other players associated with the manufacturing of disposables are XCMG Construction Machinery Company Ltd, Sany Heavy Industries Limited, HANTA MACHINERY Co.,Ltd., Chengdu Xinzhu Road and Bridge Machinery GMBH, and Sumitomo Corporation.

Global Paver Market – Dynamics

Global paver market anticipated to expand due to rise in infrastructure projects

Increase in number of infrastructure projects, worldwide, is a key factor boosting the global paver market. Furthermore, expansion of road networks, especially in rural areas, highway expansions, and increasing number of mega highways projects worldwide are major factors driving the global paver market.

Rise in public private partnerships (PPP) boosting paver market

Rise in the number of government initiatives to enhance infrastructural development through public private partnership is also propelling the paver market. Rising trend of PPP model has resulted in increased investment from government along with latest technologies in road paving from the private sector, which in turn fuels the paver market.

Ridged emission requirement restraining paver market.

One of the key restraining factor for the growth of paver market is the increased stringency in emission regulation for the paver equipment worldwide. It becomes more difficult to comply with emission levels, especially for small pavers that account for a major share of the market. This restraints the global paver market.

Global Paver Market – Segmentation

Based on product type, the global paver market can be divided into:

Paver Finisher

Asphalt Finisher

Paving Machine

In terms of paving width, the global paver market can be divided into:

Less than 2.5 meter

Between 2.5 meter to 5 meter

Greater than 5 meter

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
• Value chain and stakeholder analysis

The regional analysis covers:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the market
• Recommendations to companies for strengthening their foothold in the market   

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