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Market Overview of Global Asphalt Plants (Asphalt Mixing Plants) market:
According to our latest research, the global Asphalt Plants (Asphalt Mixing Plants) market looks promising in the next 5 years. As of 2022, the global Asphalt Plants (Asphalt Mixing Plants) market was estimated at USD 1898.83 million, and it's anticipated to reach USD 2218.04 million in 2028, with a CAGR of 2.62% during the forecast years.
An asphalt plant is a plant used for the manufacture of asphalt, macadam and other forms of coated roadstone, sometimes collectively known as blacktop or asphalt concrete.
Influence of COVID-19 Outbreak on Asphalt Plants (Asphalt Mixing Plants) Industry Development
The influence of COVID-19 on Asphalt Plants Industry can be divided into two aspects: the upstream Industry and the downstream Industry.
From the downstream industry, COVID-19 caused the construction personnel to not be in place. Traffic and quarantine controls were imposed in some areas to prevent the spread of COVID 19, making it difficult for many construction workers to return to the site on time. The shortage of construction workers will haunt construction firms for a long time. It is difficult to recruit people during this time.
In addition, COVID-19 resulted in increased construction costs. After the outbreak, a large number of projects will resume work, the price of construction materials, equipment and other prices will rise, the cost of transportation and logistics will also rise, the shortage of human resources will also cause a rapid increase in the cost of employment. In addition, the cost of disinfection and protective measures for the prevention and control of COVID-19 will increase the construction cost of enterprises.
Covid-19 causes instability in the supply chain. Because the upstream enterprises are also faced with the problem of delayed return to work and shortage of personnel, some of the upstream enterprises even go bankrupt due to the interruption of cash flow and overburden.
From the upstream industry, COVID -19 has a negative impact on raw material manufacturing. The most immediate impact is for manufacturers to halt production to reduce concentration and halt the spread of the epidemic. At present, the most important epidemic prevention and control measures are to control the movement of people and activities, thus affecting the logistics. The resulting shortage of raw materials and labor will affect the entire supply chain, forcing many factories to restrict or temporarily close. Eventually, it severely damaged the demand of downstream industries and the ability of enterprises to put goods on the market.
COVID-19 leads to the prolongation of road construction cycle and the corresponding increase of financial cost and administrative expenses. At the same time, the procurement of materials for epidemic prevention measures resulted in increased administrative costs. Activity at manufacturing plants and construction projects declined during the COVID 19 outbreak. Even if COVID -19 is effectively controlled, Asphalt Plants Industry is expected to remain depressed in the coming months.
Strength
The process of urbanization is accelerating, and the demand for urban infrastructure and road facilities is increasing.
Strong growth in infrastructure and construction industry.
Asphalt has good performance; asphalt can resist extreme weather conditions. Asphalt pavement does not have the problem of spalling, spalling or cracking. Asphalt can also minimize splashes and splashes during monsoons, and reduce road accidents and skidding. Asphalt construction time is short, the asphalt pavement can be paved with only one lane at a time, thereby minimizing interference and long-term congestion. Another advantage of asphalt is that it is 100% recyclable. It can be used repeatedly, and its life cycle is endless. This means that the asphalt road is also very environmentally friendly.
Weakness
The production of bitumen produces harmful air pollutants, such as volatile organic compounds and aromatic hydrocarbons, as well as particulate emissions from the bitumen mixing process, which pose a major threat to the environment.
Opportunities
Technical innovations can reduce the viscosity of asphalt binders at a given temperature. The innovative invention of new asphalt mixing equipment technology can significantly improve the quality and cost efficiency of materials. In the next few years, changing technological trends will expand the market prospects of asphalt mixing equipment. For example, graphene oxide modified bitumen is used in road construction, which can reduce the heat absorption of the road surface, increase the strength and service life of the road surface, reduce the number of road maintenance times, and reduce carbon emissions during the mixing process, thereby playing a role in environmental protection.
Threat
This industry is facing a fierce competition. Increases in players within the industry will pose a threat to existing market share.
In a whole, the price of labor costs is rising, which will increase the cost of the industry.
Region Overview:
From 2022-2027, Western Europe is estimated to witness robust growth prospects.
Company Overview:
Astec Industries is one of the major players operating in the Asphalt Plants (Asphalt Mixing Plants) market, holding a share of 14.23% in 2020.
Astec Industries, Inc. is a manufacturer of specialized equipment for asphalt road building; aggregate processing; oil, gas and water well drilling; and wood processing. Astec's manufacturing operations are divided into three primary business segments: road building and related equipment (Infrastructure Group); aggregate processing and mining equipment (Aggregate and Mining Group); and equipment for the extraction, production and combustion of fuels, biomass production, and water drilling equipment (Energy Group).
Ammann is a world-leading supplier of mixing plants, machines and services to the construction industry with core expertise in road building and transportation infrastructure.
Segmentation Overview:
Among different product types, Batch Asphalt Mixing Plant segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Road Construction segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Asphalt Plants (Asphalt Mixing Plants) market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Asphalt Plants (Asphalt Mixing Plants) Market Report:
Market Size Estimates: Asphalt Plants (Asphalt Mixing Plants) market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Asphalt Plants (Asphalt Mixing Plants) market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Asphalt Plants (Asphalt Mixing Plants) market
Segment Market Analysis: Asphalt Plants (Asphalt Mixing Plants) market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Asphalt Plants (Asphalt Mixing Plants) market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Asphalt Plants (Asphalt Mixing Plants) Market: Revenue and sales volume of major countries in each region
Asphalt Plants (Asphalt Mixing Plants) Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Asphalt Plants (Asphalt Mixing Plants) market in major regions.
Asphalt Plants (Asphalt Mixing Plants) Industry Value Chain: Asphalt Plants (Asphalt Mixing Plants) market raw materials & suppliers, manufacturing process, distributors, downstream customers
Asphalt Plants (Asphalt Mixing Plants) Industry News, Policies & Regulations
Key players in the global Asphalt Plants (Asphalt Mixing Plants) market are covered in Chapter 12:
XCMG
Nikko
Lintec & Linnhoff
Ammann Group
Luda
Jilin Province Road Construction Machinery Co., Ltd
Southeast Construction Machinery
LiaoYuan Road Construction Machinery
Yalong
Zoomlion
GP Günter Papenburg
NFLG
Tanaka Iron Works
Marini
Sany
D&G Machinery
Xinhai
Tietuo Machinery
SPECO
Astec Industries
In Chapter 2 and Chapter 15.1, based on types, the Asphalt Plants (Asphalt Mixing Plants) market from 2018 to 2028 is primarily split into:
Continuous Asphalt Mixing Plant
Batch Asphalt Mixing Plant
In Chapter 3 and Chapter 15.2, based on applications, the Asphalt Plants (Asphalt Mixing Plants) market from 2018 to 2028 covers:
Road Construction
Bridge Construction
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Asphalt Plants (Asphalt Mixing Plants) market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028