The bitumen sprayer market is estimated to be worth USD 948.9 million in 2024. It is anticipated to reach a value of USD 1,404 million by 2034. Sales are projected to rise at a CAGR of 4% from 2024 to 2034.
Bitumen sprayers are essential in road construction, providing several key advantages that enhance efficiency and quality. One of the primary benefits is their ability to uniformly apply a controlled layer of bitumen, ensuring better bonding between aggregates and asphalt layers. This uniform distribution not only enhances, the strength and durability of the road but also minimizes material wastage.
The automated spraying mechanism of bitumen sprayers reduces the labor force as well as the time taken to do the task. This enables quicker finishing of projects with uniform coating, especially in large-scale infrastructural projects. They can also be fitted on trucks or trolleys, thereby facilitating mobility and use at different work sites. Most of the contemporary sprayers come with heating devices for bitumen so that the variables causing weather do not affect adherence at all.
Sprayers for bitumen fitted on trucks are essential equipment in the making and maintenance of roads. The logistics of such machines allow for easy movement from one job site to another making them suitable for expansive undertakings. Lorry-mounted sprayers come with large water tanks and sophisticated spraying systems hence they ensure even application of bitumen over large surfaces.
Bitumen sprayers are also important pieces of equipment for large to medium construction projects. They help in providing advantages in terms of efficiency and most importantly capacity. Its tank size allows for the storage and transportation of a substantial volume of bitumen, reducing the need for frequent refilling, which helps to save time and improve productivity.
Attributes | Key Insights |
---|---|
Estimated Value (2024) | USD 848.9 million |
Projected Size (2034) | USD 1,404 million |
Value-based CAGR (2024 to 2034) | 4% |
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The table provided shows the growth of the sector for each half-year between 2023 and 2024. The market was projected to grow at a CAGR of 4.0% in the first half (H1) of 2023. However, in the second half (H2), there is a noticeable increase in the growth rate.
Particular | Value CAGR |
---|---|
H1 2023 | 3.4% (2023 to 2033) |
H2 2023 | 3.6% (2023 to 2033) |
H1 2024 | 3.6% (2024 to 2034) |
H2 2024 | 4.8% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected as 3.6% in the first half and grow to 4.8% in the second half. In the first half (H1) and second half (H2), the market witnessed an increase of 12 BPS each.
High-Speed Construction Equipment Pushes the Demand for Bitumen Sprayer
End users are choosing high-speed construction equipment over traditional machinery to increase productivity and efficiency. Bitumen sprayers do not require skilled workers to operate. This is an important parameter that makes it a preferred choice across various industries.
High-speed equipment also helps in increasing output rates through effective and efficient methods. This, in the long term, reduces overall construction costs, especially for large contracts. Tasks that are too heavy or delicate for human muscles to do can be done quickly by a high-speed machine or piece of equipment.
Technological Advancements to Enhance the Performance of Bitumen Sprayers
Technological advancement is needed in every sector, and this is true for the construction equipment sector as well. Bitumen sprayers have been designed to provide benefits such as improved work quality through accurate spraying, increased profitability, and lower maintenance costs to avoid work delays.
An old equipment may not be capable of doing all the work but a machine equipped with cutting-edge technology can complete the task and possibly a few others more quickly and smoothly. Modern, technologically advanced construction equipment is both environmentally sound and highly fuel-efficient. As a result, it significantly contributes to lowering CO2 emissions and aids businesses in promoting their "green" initiatives.
Increasing Urbanization to Positively Impact the Market
Growing urbanization in developed and developing nations is a main factor propelling the growth of the global bitumen sprayer market. Urbanization is a byproduct of development and can severely impact the way roads connect with one another. Towns and metropolitan cities will flourish as vehicles increase. For players engaged in the bitumen sprayer market, as this is in high need in these sectors, this is a welcome development.
This is largely evident in developing nations such as India, China, Brazil, Thailand, and others, where the state is investing thousands of dollars in infrastructure projects. Tier two companies are, thus, found to be providing bitumen sprayers to government bodies in bulk quantities.
Rising Aviation industry drives the Demand for Bitumen Sprayers
Air transport is important for every country in terms of international trade and air bases for the defense sector. Airports, which mainly handle commercial air transport, consist of a landing area with a runway and lighting infrastructure, aircraft parking, and maintenance facilities. These buildings often need renovations where bitumen sprayers come in handy.
With developing economies bringing in more airports or remodeling the existing ones, the demand for these sprayers is very likely to touch the skies in the near future.
The bitumen sprayer recorded a CAGR of 4% during the historical period between 2019 and 2023. The growth of the bitumen sprayer was positive as it reached a value of USD 912.3 million in 2023 from USD 861.2 million in 2019.
Between 2019 and 2023, the global bitumen sprayer market experienced a drastic shift, largely because of the COVID-19 pandemic and its broader effects on the construction industry. Disrupted supply chains, reduced construction work, and a decline in construction equipment sales, significantly impacted bitumen sprayer demand.
However, consumer awareness regarding bitumen sprayers increased, particularly due to less time in the completion of construction projects. By 2021, the market began to recover as construction works resumed, with growing demand for enhanced bitumen sprayers in key markets like the United States, Europe, and China.
From 2024 to 2034, the demand for bitumen sprayers is expected to rise steadily, fueled by less effort in the construction of highways. Stringent regulations related to completion for the timely project inauguration are expected to drive adoption. The rising penetration of smart automation in bitumen sprayer equipment, further boosts demand.
Technological advancements in sensor accuracy, integration with climate control systems, and smart sensor solutions capable of real-time monitoring will be critical to market growth. Manufacturers are expected to innovate with compact, energy-efficient bitumen sprayer sensors to meet the evolving needs over the forecast period.
Tier 1 companies comprise players with a revenue of above USD 10 million capturing a significant share of 20-24% in the global market. These players are characterized by high production capacity and a wide product portfolio.
These leaders are distinguished by their extensive expertise in manufacturing and reconditioning across multiple packaging formats and a broad geographical reach, underpinned by a robust consumer base. Prominent companies within Tier 1 include XCMG, Volvo, METONG, and other players.
Tier 2 companies include mid-size players with revenue of below USD 10 million having a presence in specific regions and highly influencing the local industry. These are characterized by a strong presence overseas and strong industry knowledge.
These players have good technology and ensure regulatory compliance but may not have advanced technology and wide global reach. Prominent companies in tier 2 include ACMAR, Weisig Maschinenbau GmbH, AMMANN GROUP, and other player.
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The section below covers the industry analysis for bitumen sprayer demand in different countries. The demand analysis on key countries in several regions of the globe, including North America, Latin America, East Asia, South Asia Pacific, Western Europe, Eastern Europe, Middle East, and Africa is provided.
China will hold 57.8% in East Asia due to its growing construction projects. The USA will capture 81.4% in North America thanks to advanced tech and high demand for bitumen sprayer. Germany will lead Western Europe with 17.9% due to innovation and strong regulations.
Countries | Value CAGR (2024 to 2034) |
---|---|
Brazil | 3.7% |
India | 3.8% |
The USA | 3.2% |
Germany | 3.9% |
China | 4.1% |
The sales of bitumen sprayers in China are projected to reach USD 166.5 million and are estimated to grow at a 5.0% CAGR by 2034. The construction industry in China undergoes constant expansion, which has led to the introduction of several modern-day products that enhance the speed and quality of production. This has increased the demand for bitumen binders which are used extensively in these projects.
Chinese road construction companies are constantly adopting advanced construction machines to improve productivity and reduce the need for laborers. Hence, the high adoption of advanced road construction technologies, including bitumen sprayers will aid in the expansion of the China marker over the next decade
The sales in the United States are projected to reach USD 279.3 million by 2034. Over the forecast period, demand for automotive cabin air quality sensors in the automotive industry within the USA is predicted to grow at a 3.3% CAGR.
The growth in bitumen sprayers in the United States can be associated with recent technological advancements in the industry. Increasing government expenditure on the improvement and construction of road networks in the country also fuels growth.
The country is also experiencing increasing demand for multimodal transportation infrastructures as a result of growing consumer demand for comfortable commuting. By boosting investment in road infrastructure and maintenance activities, the government is concentrating on enhancing transportation performance.
The sales of bitumen sprayers in Germany is projected to reach USD 88.9 million and grow at a CAGR of 4.0% by 2034. The progress witnessed in the bitumen sprayer technology is propelling the growth of the German market. The incorporation of smart technologies assists in delivering real-time visible data dashboards and also provides a feedback alert in cases of malfunctions.
Manufacturers are able to design such sprayers so that their functionality does not deteriorate even when used in extreme environmental conditions.
The section explains the growth trajectories of the leading segments in the industry. In terms of product type, the truck-mounted sprayer (with truck) type will likely dominate and generate a share of around 80% in 2024. Based on the capacity, the 6 to 8-ton segment is projected to hold a major share of 32.3% in 2024.
Segment | Truck Mounted Sprayer (with truck) (Product Type) |
---|---|
Value Share (2024) | 55.9% |
Truck-mounted bitumen sprayers are integral to road construction and maintenance. Their mobility allows for efficient transportation to various job sites, making them ideal for large-scale projects.
Equipped with sizable tanks and an advanced spraying mechanism, truck-mounted sprayers ensure a uniform distribution of bitumen over extensive areas. This uniformity is crucial for the durability and performance of road surfaces, as it promotes consistent bonding between layers.
Segment | 6 to 8 Ton (Capacity) |
---|---|
Value Share (2024) | 32.3% |
6 to 8-ton bitumen sprayers are an important piece of equipment, which is useful for large to medium construction projects. They help in providing advantages in terms of efficiency and most importantly capacity. Its tank size allows for the storage and transportation of a substantial volume of bitumen, reducing the need for frequent refilling, which helps to save time and improve productivity.
These bitumen sprayers can also be used for various tasks, such as applying prime coats and surface dressing. Some of them are integrated with a heating system which helps in maintaining the suitable temperature for spraying. The sprayers can be mounted on trucks, which makes them mobile and easily transported to different job sites.
Key companies manufacturing bitumen sprayers slightly consolidate the market with about 20-24% share that are prioritizing technological advancements, integrating sustainable practices, and expanding their footprints in the region.
Customer satisfaction remains paramount, with a keen focus on tailoring machines to meet diverse construction industry needs. These industry leaders actively foster collaborations to stay at the forefront of innovation, ensuring their bitumen sprayer align with the evolving demands and maintain the highest standards of quality and adaptability.
Recent Industry Developments
The product type segment is further categorized into truck-mounted sprayers (with truck), truck-mounted sprayers (without truck), and mini sprayers.
The capacity segment is classified into below 4 tons, 4 to 6 tons, 6 to 8 tons, 8 to 10 tons, and above 10 tons.
Regions considered in the study include North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East and Africa.
The automotive cabin air quality sensors used in automobiles were valued at USD 912.3 million in 2023.
The demand for automotive cabin air quality sensors is set to reach USD 948.9 million in 2024.
Growing demand for high-speed construction equipment to drive the demand for bitumen sprayers during the forecast period.
The bitumen sprayer demand is projected to reach USD 1,404.00 million by 2034.
Truck Mounted Sprayer (with truck) are expected to lead during the forecast period.
Industrial Automation
June 2024
REP-GB-8557
307 pages
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