Asphalt Paver is the self-propelled construction equipment machinery used to lay down the asphalt on road, bridges and other such places. Asphalt paver machine consist of two systems: Material Feed system and Screed. Hot mix asphalt is loaded into the feeding system of paver and then spread it evenly on the surface which is to be paved. Screed is the self-levelling unit of paver, which surfaces the asphalt flat with desired thickness
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Market Growth Factors
Heavy expenditure on road maintenance and large infrastructural projects are the two major drivers for growth of this market. Unpaved roads, road maintenance and construction of new roads are driving the growth of this market. Understanding of importance of well maintain road in reducing the number of accidents, importance of strong road network in overall development of country is boosted the need of construction of new roads. Improved economic condition fuels the demand for technologically advance infrastructure in developing countries.
Asphalt pavers market is segmented on the basis of technology, product type, Paving thickness and Screed width. On the basis of technology asphalt paver market is segmented as: Hydrostatic and Mechanical. Hydrostatic asphalt paver comes with hydraulic screed and hydraulically controlled steering & transmission. Self-propelled asphalt pavers come in two variants: Tracked Asphalt Pavers and Wheeled Asphalt Pavers. Wheeled asphalt pavers works better on solid surface and are typically travels faster than tracked asphalt pavers. Tracked asphalt pavers are of two types: Steel Track and Rubber Track. Demand for rubber track is increasing because of convenience they provide and have ability to travel fast while roading the paver from jobsite to jobsite. On the basis of width of the screed, market is categorized as < 1.5 m, 1.5 m to 2.3 m and > 2.3 m.
In terms of geography market is bifurcated into North America, Europe, Asia-Pacific and LAMEA. Asia Pacific is expected to be the largest market for asphalt paver machinery. Growing economies like India and China dominate this region because increasing demand for the construction of new roads and road maintenance.
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Key players in this market around the globe are Caterpillar Inc., Apollo, Volvo Construction Equipment, XCMG Construction Machinery Company Ltd, Sany Heavy Industries Limited, Zoomlion Company Limited and others. Pricing is the major competitive factor for this market and Chinese players are witnessing growth in Asia Pacific region because of competitive pricing strategy.
- Vögele a German based manufacturer has designed asphalt paver equipment with place two layer of asphalt at a time. Hot layer on the top of the hot, which provides better interlocking bond between the two that helps to boost pavement life.
- Volvo Construction Equipment will debut new seven asphalt related construction equipment, list includes the Asphalt Pavers.
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