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Paving equipment are special-purpose machines, particularly used in building concrete roads, pavements, and sidewalks. These are self-propelling machines that have a hopper, auger, and a screed. Paving equipment have played a significant role in the road and pavement construction industry for decades. These equipment are employed across a wide number of construction projects ranging from road construction to bridges and tunnels. Paving equipment are versatile in nature and can handle several types of construction material such as asphalt, concrete, bricks, and solid blocks.

The paving equipment market is largely driven by the increase in spending on road infrastructure. Countries such as the U.S., China, Japan, Italy, India, Australia, and Germany have vast road networks to connect major cities and country with minimum commute time. This largely optimizes the transportation costs and connects cities and boosts commerce. Roads are lifelines during emergency and well spanned network of roads increases trade. This, in turn, propels the economy. Furthermore, paving machines reduce the cost of construction as they make optimum use of materials and are precise at maintaining road or concrete pavement screed height and thickness.

Based on material, the paving equipment market can be divided into asphalt paving equipment, concrete paving equipment, block & brick paving equipment, and others. All these types of paving machines have alterations made within the sub-systems according to material to be paved. Different hoppers, screed layers, and augers are employed for each type of material. Similarly, other sub-systems used include conveyer systems, guides, vibrators, screed crowns, and push rollers also vary. In terms of application, the paving equipment market can be bifurcated into traffic road making and utility & private pavements. The traffic road making segment can be sub-segmented into asphalt roads, concrete, and others. The utility & private pavement segment can be further classified into foot paths, private pavements, block pavements, and concrete pavements. Based on the fuel used, the paving equipment market can be categorized into diesel, gasoline, others. In terms of type, the paving equipment market is classified into wheel paving equipment and tracker paving equipment. Wheeled paving equipment are easy to maneuver and transport; however, they cannot pave large horizontal roads. For large horizontal roads paving applications tracked paving machines are more suitable. But due to tracks, these machines are difficult to transport.  

Based on geography, the global paving equipment market can be classified into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific is a key market for paving equipment, due to the increasing government expenditure on infrastructure and rapid road and rail network expansion in the region. Countries such as China, India, and Australia have some of the longest roads in the world. Governments of China and Japan invest significantly in tunnels for faster commute between major cities. North America and Europe follow Asia Pacific in the global paving equipment market. Demand for paving equipment is high in developing economies of Eastern Europe. Countries such as India, Brazil, and South Africa have started increasing their expenditure on roads and railway networks. This is anticipated to create considerable opportunities for paving equipment manufacturers.

Key players operating in the global paving equipment market include Ingersoll Rand, Leeboy, Vogele, Dynapac, Roadtec, Terex Roadbuilding, and Caterpillar.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Paving Equipment Market

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