Asphalt Pavers Global Market Report 2025

An asphalt paver is a specialized machine designed to distribute, shape, and partially compact asphalt layers onto roadways and other surfaces. It effectively spreads partially compacted asphalt over flat surfaces during construction projects at various locations. Asphalt pavers play a crucial role in the construction of roads, parking lots, bridges, and similar infrastructure, ensuring the proper laying and initial compaction of asphalt for durable and smooth surfaces.

Asphalt pavers come in several main types, including track pavers, wheel pavers, and screeds. Track-equipped pavers are specifically designed with tracks to enhance traction, making them suitable for challenging projects involving poor underfoot conditions or the need to maneuver large transport units up steep inclines. These pavers cater to different paving widths categorized as less than 2.5 meters, 2.5-5 meters, and more than 5 meters. Various technologies, such as mechanical and hydrostatic systems, are utilized in these pavers to achieve different paving widths efficiently and effectively.

The asphalt pavers market research report is one of a series of new reports from The Business Research Company that provides asphalt pavers market statistics, including asphalt pavers industry global market size, regional shares, competitors with an asphalt pavers market share, detailed asphalt pavers market segments, market trends and opportunities, and any further data you may need to thrive in the asphalt pavers industry. This asphalt pavers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The asphalt pavers market size has grown rapidly in recent years. It will grow from $2.4 billion in 2024 to $2.67 billion in 2025 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to infrastructure development, maintenance and rehabilitation, population growth, government funding, demand for quality roads, transportation sector growth, environmental regulations.

The asphalt pavers market size is expected to see rapid growth in the next few years. It will grow to $4.03 billion in 2029 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to smart infrastructure initiatives, renewable energy projects, residential construction, rising need for sustainable solutions, upgradation of aging infrastructure. Major trends in the forecast period include electric and hybrid pavers, remote monitoring and maintenance, paver customization and versatility, smart paving technologies, integration of safety features.

The rise in road traffic across various regions is anticipated to drive the growth of the asphalt pavers market in the coming years. Road traffic encompasses pedestrians, animals being ridden or herded, vehicles, streetcars, and other modes of transport using highways, either individually or in groups. A primary cause of traffic congestion is the growing number of vehicles resulting from population increases and economic development. This uptick in road traffic worldwide highlights the necessity for improved connectivity, which, in turn, boosts the demand for asphalt pavers to construct roads, bridges, and highways. For example, a report released in January 2023 by Government Technology, a U.S.-based information technology magazine, indicated that drivers in the U.S. spent nearly 4.8 billion hours in traffic during 2022. The report also stated that the average American driver incurred a loss of $869 due to traffic delays in 2022, a significant rise from $305 in 2021. Hence, the escalating road traffic globally is propelling the growth of the asphalt pavers market.

The growing investments in the infrastructure sector are expected to further stimulate the asphalt paver market in the future. Infrastructure sector investments encompass financing and development efforts aimed at essential physical structures, including roads, bridges, utilities, and telecommunications, to foster economic growth and meet societal needs. Such investments create demand for road construction and maintenance projects, providing increased opportunities for asphalt paver services and products. For instance, in July 2024, the Office for National Statistics, a government department in the UK, reported that total infrastructure sector investment reached $18.0 billion (£13.8 billion) in constant prices in 2023, marking a 3.9% increase from 2022. The estimated net stocks of infrastructure in the market sector stood at $456.9 billion (£350.2 billion) in constant prices for 2023, showing a 0.3% rise compared to the previous year. Additionally, total general government investment in infrastructure grew by 9.6%, amounting to $34.1 billion (£26.0 billion) in current prices in 2022, compared to 2021. Therefore, the increasing investments in the infrastructure sector are driving the growth of the asphalt paver market.

Technological advancements have become a significant trend gaining traction in the asphalt pavers market. The industry has seen the introduction of 3D paving technology, which automates construction operations through the use of remote sensing and milling control systems. Leading companies in the asphalt pavers market are focused on creating new technological solutions to enhance their competitive edge. For example, in September 2024, Roos Groep, a Netherlands-based road construction company, unveiled a fully electric slipform paver aimed at transforming road construction. This innovative machine operates on electricity, removing the dependency on fossil fuels and considerably reducing its carbon footprint. Equipped with Leica Geosystems' MC1 3D machine control solution, which uses dual GNSS for direction and a total station for accurate height control, the paver achieves millimeter-level precision. This integration enables Roos Groep to optimize energy efficiency, reduce operational downtime, and enhance overall performance.

Major players in the asphalt pavers market are concentrating on adopting next-generation solutions, including electric paver machines, to gain a competitive edge and meet sustainability demands. Electric paver machines, powered by electricity, offer precision in laying and surfacing roads, walkways, or pavements. As an illustration, in October 2022, Dynapac, a US-based road construction equipment company, introduced its first electric paver model, the eCity SD1800W e. This innovative machine can operate for up to four hours on a single charge, depending on the application type, featuring a paving speed of 25 meters per minute and a top travel speed of 15 km/h. The eCity SD1800W, with a design similar to its diesel-powered counterpart, is well-suited for inner-city applications, such as road assignments for bicycle lanes and repair works. This strategic focus on next-generation solutions exemplifies the commitment of major companies in the asphalt pavers market to technological innovation and sustainability.

In July 2022, Atlantic Southern Paving and Sealcoating, a reputable US-based provider of pavement maintenance and construction services, successfully acquired Massey Asphalt Paving for an undisclosed sum. This strategic acquisition is poised to reinforce Atlantic Southern's standing as one of the United States' leading and rapidly expanding pavement maintenance providers. Massey Asphalt Paving LLC, the acquired entity, is recognized for its expertise in offering asphalt paving services.

Major companies operating in the asphalt pavers market include Liebherr Group, Caterpillar Inc., Deere & Company, AB Volvo, Roadtec Inc., Komatsu Ltd., CNH Industrial Inc., Joseph Vogele AG, XCMG Construction Machinery Company Ltd., Sany Heavy Industries Limited, Hitachi Construction Machinery Co. Ltd., Zoomlion Company Limited, Fayat Group, Ingersoll Rand, Guangxi LiuGong Machinery Co. Ltd., New Holland Construction, Wirtgen Group, Astec Industries Inc., Bomag GmbH, Sakai Heavy Industries Ltd., Weiler Corporation, Ammann Group, VT LeeBoy Inc., Sumitomo Construction Machinery Co. Ltd., Shanghai Zenith Machinery Co. Ltd., Hamm Maschinenfabrik GmbH, ABG Maschinenfabrik GmbH, CASE Construction Equipment, HD Hyundai Infracore Co. Ltd.

Asia-Pacific was the largest region in the asphalt pavers market in 2024. The regions covered in the asphalt pavers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the asphalt pavers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The asphalt pavers market consists of sales of asphalt mixing plant machine, motor grader, road roller, compactor, hydraulic controller, drive tracks, hopper, feeding conveyor, and wheel tractor-scraper. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Asphalt Pavers Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on asphalt pavers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for asphalt pavers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The asphalt pavers market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Type: Track Pavers; Wheel Pavers; Screeds
• 2) By Paving Width: Less Than 2.5 Meters; 2.5 - 5 Meters; More Than 5 Meters
• 3) By Technology: Hydrostatic; Mechanical
• Subsegments:
• 1) By Track Pavers: Compact Track Pavers; Full-Size Track Pavers
• 2) By Wheel Pavers: Compact Wheel Pavers; Large Wheel Pavers
• 3) By Screeds: Vibratory Screeds; Tamper Screeds; Hydraulic Screeds
• Companies Mentioned: Liebherr Group; Caterpillar Inc.; Deere & Company; AB Volvo; Roadtec Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.