Global Asphalt Plants (Asphalt Mixing Plants) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Asphalt Plants (Asphalt Mixing Plants) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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.

Market Overview:

The latest research study on the global Asphalt Plants (Asphalt Mixing Plants) market finds that the global Asphalt Plants (Asphalt Mixing Plants) market reached a value of USD 1898.83 million in 2022. It’s expected that the market will achieve USD 2218.04 million by 2028, exhibiting a CAGR of 2.62% during the forecast period.

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.

Key Companies in the global Asphalt Plants (Asphalt Mixing Plants) market covered in Chapter 3:

Southeast Construction Machinery
Nikko
Marini
XCMG
NFLG
LiaoYuan Road Construction Machinery
Lintec & Linnhoff
D&G Machinery
Astec Industries
Sany
Ammann Group
GP Günter Papenburg
Zoomlion
SPECO
Tanaka Iron Works
Jilin Province Road Construction Machinery Co., Ltd
Yalong
Xinhai
Tietuo Machinery
Luda

In Chapter 4 and Chapter 14.2, on the basis of types, the Asphalt Plants (Asphalt Mixing Plants) market from 2018 to 2029 is primarily split into:

Continuous Asphalt Mixing Plant
Batch Asphalt Mixing Plant

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Asphalt Plants (Asphalt Mixing Plants) market from 2018 to 2029 covers:

Road Construction
Bridge Construction
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)