Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Asphalt Plant Market to reach USD 2.39 billion by 2027

Global Asphalt Plant Market Size study, by Capacity (Below 240t/h, 240t/h-320t/h, Above320t/h), by Application (Road Construction, Other Application) and Regional Forecasts 2020-2027

Product Code: OIRBAC_64644087
Publish Date: 7-07-2020
Page: 200

Global Asphalt Plant Market is valued at approximately USD 2.05 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 2.0% over the forecast period 2020-2027. Asphalt is an essential concrete used in construction of roads, railway tracks, parking areas, ports, sidewalks and others. The material is usually made of various mixtures of aggregates such as binder and filler which is efficiently produced with the help of asphalt plants (machineries and equipment). Thus, manufacturers requiring an asphalt plant, which is a sort of machinery that is can produce hot mix asphalt (HMA). It uses aggregates, bitumen, sand, and filler material in specific proportion to manufacture HMA, also known as asphalt concrete or blacktop. Preference towards the adoption of the asphalt plant is growing since it is the ideal development hardware used in road development and other construction ventures, as it provides lower installation costs and can be easily ported at construction sites. Therefore, this factor may strengthen the adoption for asphalt plant market across the globe. Moreover, the rise in infrastructural construction projects, along with the growing crude oil production around the world are the few factors responsible for the CAGR of the market during the forecast period. According to the Institution of Civil Engineer (ICE) has forecasted that the volume of construction output would grow by 85% to USD 15.5 trillion worldwide by 2030. This growth is mainly driven by three countries: China, India and the United States by contributing 57% share to the growth of the construction sector worldwide. This, in turn, is likely to strengthen the demand for Asphalt Plant, thereby contributing to the market growth around the world. However, the growing health concerns due to the emission exposure from asphalt plant is one of the factors that restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global Asphalt Plant market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the rising road construction activities, along with the significant presence of market vendors in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, owing to the government support for infrastructural activities in the developing nations, such as China and India.

Major market player included in this report are:
Tietuo Machinery

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Capacity:
Below 240t/h

By Application:
Road Construction
Other Application

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Asphalt Plant Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Asphalt Plant Market, by Region, 2018-2027 (USD Billion)
1.2.2. Asphalt Plant Market, by Capacity, 2018-2027 (USD Billion)
1.2.3. Asphalt Plant Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Asphalt Plant Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Asphalt Plant Market Dynamics
3.1. Asphalt Plant Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Asphalt Plant Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Asphalt Plant Market, by Capacity
5.1. Market Snapshot
5.2. Global Asphalt Plant Market by Capacity, Performance – Potential Analysis
5.3. Global Asphalt Plant Market Estimates & Forecasts by Capacity 2017-2027 (USD Billion)
5.4. Asphalt Plant Market, Sub Segment Analysis
5.4.1. Below 240t/h
5.4.2. 240t/h-320t/h
5.4.3. Above320t/h
Chapter 6. Global Asphalt Plant Market, by Application
6.1. Market Snapshot
6.2. Global Asphalt Plant Market by Application, Performance – Potential Analysis
6.3. Global Asphalt Plant Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Asphalt Plant Market, Sub Segment Analysis
6.4.1. Road Construction
6.4.2. Other Application
Chapter 7. Global Asphalt Plant Market, Regional Analysis
7.1. Asphalt Plant Market, Regional Market Snapshot
7.2. North America Asphalt Plant Market
7.2.1. U.S. Asphalt Plant Market Capacity breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Asphalt Plant Market
7.3. Europe Asphalt Plant Market Snapshot
7.3.1. U.K. Asphalt Plant Market
7.3.2. Germany Asphalt Plant Market
7.3.3. France Asphalt Plant Market
7.3.4. Spain Asphalt Plant Market
7.3.5. Italy Asphalt Plant Market
7.3.6. Rest of Europe Asphalt Plant Market
7.4. Asia-Pacific Asphalt Plant Market Snapshot
7.4.1. China Asphalt Plant Market
7.4.2. India Asphalt Plant Market
7.4.3. Japan Asphalt Plant Market
7.4.4. Australia Asphalt Plant Market
7.4.5. South Korea Asphalt Plant Market
7.4.6. Rest of Asia Pacific Asphalt Plant Market
7.5. Latin America Asphalt Plant Market Snapshot
7.5.1. Brazil Asphalt Plant Market
7.5.2. Mexico Asphalt Plant Market
7.6. Rest of The World Asphalt Plant Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. MARINI Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Ammann
8.2.3. Lintec
8.2.4. Wirtgen
8.2.5. Astec
8.2.6. Nikko
8.2.7. Sany
8.2.8. Tietuo Machinery
8.2.9. XRMC
8.2.10. Roady
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now