According to the report, published by Fortune Business Insights, titled “Asphalt Pavers Market Size, Share & Industry Analysis, By Type (Track pavers, Wheel pavers & Screeds), By Pavement Width (Less than 2.5 Meters, 2.5 – 5 Meters & More than 5 Meters), and Regional Forecast, 2019-2026” the market size stood at USD 1.98 billion in 2018. The report provides an exceptional summary of the asphalt pavers market trends. It draws attention to the recent developments witnessed in the market and provides statistical data for the same along with market drivers and market restraints. Acquisitions and mergers commenced by key players in the market are thoroughly explained. Besides this, it also offers superior insights into the prevailing trends of the market.
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The global asphalt pavers market size is expected to reach USD 2.77 billion by 2026, exhibiting a CAGR of 4.4% during the forecast period. One of the key reasons boosting the growth of the market is the development in roads and infrastructure. According to the Virginia Asphalt Association, Recycled Asphalt Pavement (RAP) has been used widely for more than 30 years and for the tenth year in a row RAP is the most recycled product in America. Furthermore, every year nearly 100 million tons of RAP is recycled back into new asphalt pavement in the U.S. All the asphalt binder and aggregate are recycled back into the mix as asphalt binder and aggregate.
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Some of the Prominent Companies in the Global Asphalt Pavers Market are:
• AB Volvo
• Fayat Group
• Astec Industry
• XCMG Construction Machinery Company
• AMMANN GROUP
• AUNG HEIN MIN CO., LTD.
• SANY GROUP
• Deere & Company