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Market Overview of Global Pavement Engineering Service market:
According to our latest research, the global Pavement Engineering Service market looks promising in the next 5 years. As of 2022, the global Pavement Engineering Service market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Whether designing, building or maintaining runways or highways, it is necessary to ensure the quality and sustainability of pavement systems. Pavement engineering services provide professional testing, design, construction and pavement maintenance to ensure quality and extend the life cycle of the system. Pavement engineering services include Grinding and Grooving Service, Maintenance Works, Asphalt Crack Sealing Service, Slab Stabilization and Replacement. This report studies USA, Central America, and South America Pavement Engineering Service Industry Market.
Influence of COVID-19 Outbreak on Pavement Engineering Service Industry Development
In order to curb the COVID-19 outbreak, most countries have introduced many policies, including border blockade and social distance. Epidemic prevention and control measures will affect the flow of people and activities, and then affect logistics, making the production of manufacturing industries, especially labor-intensive industries, affected by the shortage of raw materials and labor.
For Pavement Engineering Service industry, the blockade policy will affect the supply of construction raw materials such as asphalt. Social distance policy may have a great impact on the provision of Pavement Engineering Service. Enterprises need to ensure the personal safety of employees at work and disinfect construction equipment, which will increase the cost of enterprises. Transportation is controlled by the government, especially air transportation and road transportation between countries are suspended, so the demand for Pavement Engineering Service will be reduced.
Drivers
The extensive and ongoing infrastructure projects in Colombia will generate demand for project financing, design, logistics, public road and airport construction, railway construction, transportation, safety and national defense projects and services, and public transportation system. In addition to creating demand for services related to airport master plan, urban planning and other construction and design services, the fifth generation infrastructure plan will also promote the demand for these services.
Colombia is one of the four Latin American countries authorized by the US Customs and Border Protection (USCBP) to use its global immigration program, which allows us airports to speed up screening and processing of low-risk international tourists. President Duke also signed an agreement with USCBP in 2019 to establish a pre-clearance facility at El Dorado Airport in Bogota, allowing Colombian travelers to land in the United States as if they were on a domestic flight. These two plans will promote more business and leisure travel for Colombians to the United States, and increase aircraft activities. These factors will promote the continuous growth of downstream demand, thus promoting the development of Pavement Engineering Service industry.
Company Overview:
Sunland Asphalt is one of the major players operating in the Pavement Engineering Service market, holding a share of 6.24% in 2021.Since 1979, Sunland Asphalt & Construction, LLC. has been completing projects across the US, ranging from parking lot maintenance to major highways. With offices in Arizona, Colorado, Nevada, New Mexico, Oklahoma, and Texas, Sunland has grown from an asphalt maintenance company into a fullservice general contractor. Sunland Asphalt offer an array of construction and maintenance services including asphalt repairs, crack sealing, sealcoating, chip seal, milling, pulverizing, reconstruction, paving, earthwork and grading, as well as underground wet utilities. With experienced team members, high-quality materials and state-of-the-art equipment.
Penhall launched operations in 1957 with a single flat saw and a singular commitment to providing the highest level of services to its clients. Since then, Penhall has expanded its reach, scope and expertise, serving clients across the U.S. and beyond. Today, Penhall encompasses over 40 strategic locations and employs more than 1,600 professionals, with current and ongoing expansion into Canada.
Segmentation Overview:
Among different product types, Paving segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Highways segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Pavement Engineering Service 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 Pavement Engineering Service Market Report:
Market Size Estimates: Pavement Engineering Service market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Pavement Engineering Service market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Pavement Engineering Service market
Segment Market Analysis: Pavement Engineering Service market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Pavement Engineering Service market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Pavement Engineering Service Market: Revenue and sales volume of major countries in each region
Pavement Engineering Service 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 Pavement Engineering Service market in major regions.
Pavement Engineering Service Industry Value Chain: Pavement Engineering Service market raw materials & suppliers, manufacturing process, distributors, downstream customers
Pavement Engineering Service Industry News, Policies & Regulations
Key players in the global Pavement Engineering Service market are covered in Chapter 12:
BC2 Construtora
Sunland Asphalt
Cardinal International
Eosso Brothers Inc
Finley Asphalt & Sealing
Penhall
Rose Paving
BRASILPAV
Pavement Contracting Services Inc
Coco Group
Harding Group
C & R Asphalt, LLC
ABSL Construction
Onyx Asphalt USA
American Asphalt R & R Co.,Inc
US Pavement Services Inc
Atlantic Southern Paving and Sealcoating
In Chapter 2 and Chapter 15.1, based on types, the Pavement Engineering Service market from 2018 to 2028 is primarily split into:
Paving
Grinding and Grooving Service
Maintenance Works
Asphalt Crack Sealing Service
Slab Stabilization and Replacement
Others
In Chapter 3 and Chapter 15.2, based on applications, the Pavement Engineering Service market from 2018 to 2028 covers:
Runway
Highways
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 Pavement Engineering Service 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