The global asphalt pavers market size reached US$ 2,135.0 Million in 2021 and it is likely to touch a valuation of US$ 2,220.4 Million in 2022. Furthermore, with rising government investments in developing and upgrading road infrastructure, the overall sales of asphalt pavers are poised to surge at 4.4% CAGR between 2022 and 2032, surpassing a total valuation of US$ 3,414.6 Million by 2032.
Based on product type, the track asphalt pavers segment currently accounts for more than 74% share of the asphalt pavers industry. This can be attributed to the rising end-user preference for track asphalt pavers due to their easy mobility, improved fuel efficiency, and secure operability.
Asphalt pavers are road construction equipment used to lay asphalt concrete or Portland cement concrete on roads, parking lots, and other such places. These machines distribute, shape, and partially compact asphalt over flat surfaces on construction sites. They help road construction companies to develop superior road surfaces in quick intervals of time. The adoption of these machines has made road construction easier and faster.
The increasing need for constructing new roads and repairing the old ones due to rapid urbanization and increasing vehicle ownership, the launch of new highway projects by governments, and the growing usage of road construction equipment are some of the key factors expected to generate high demand for asphalt pavers during the forecast period.
Road travel accounts for a sizable share of both passenger and freight transit, making it a dominant mode. During the anticipated time frame, there will be a rise in demand for road construction equipment due to the growing need for smoother and faster commutes. As a result of increased capital spending in various countries, the market for asphalt pavers is anticipated to expand and generate an absolute $ opportunity of about US$ 1,194.2 Million by the end of 2023.
Large infrastructure projects are being built for roads, bridges, and ports in developing nations. These initiatives are meant to improve nations' transportation systems. Currently, asphalt pavers make up between 1.5 to 2.0% of the parent market as a result of their expanding use in road infrastructure projects.
Another key factor that is expected to boost the worldwide asphalt pavers industry is the development of energy-efficient asphalt pavers. Construction firms all over the world are concentrating more on sustainable development to obtain certifications for energy efficiency. As a result, manufacturers are refocusing their efforts on the development of user-friendly, energy-efficient, and low-emission road construction equipment, and asphalt pavers are no exception.
Several manufacturers are releasing updated models with functional features and excellent performance levels. Asphalt pavers that are energy-efficient and suitable for many jobs, including road building, bridges, and highway construction and maintenance, are being developed by manufacturers of road construction equipment.
Additionally, the focus is shifting toward more eco-friendly construction equipment due to the implementation of stringent environmental regulations and the need for reducing pollution levels. For instance, in January 2021, BAM Infra Nederland, Royal BAM Group’s Dutch civil engineering company, commissioned Wirtgen and New Electric to convert an asphalt spreading machine into the world's first fully electrically driven asphalt spreading paver. The company estimates that on an annual basis, the use of this machine will save more than 93,000 kilograms of CO? and 115,000 grams of nitrogen oxide emissions.
| Attribute | Key Insights |
|---|---|
| Global Asphalt Pavers Market Base Value (2021A) | US$ 2,135.0 Million |
| Estimated Market Value (2022E) | US$ 2,220.4 Million |
| Projected Market Value (2032F) | US$ 3,414.6 Million |
| Value-based CAGR (2022 to 2032) | 4.4 % |
| Collective Value Share: Top 3 Countries (2022) | 49.5% |
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According to Future Market Insights, the global demand for asphalt pavers increased at a sluggish CAGR of 1.4% during the historical period from 2017 to 2021 and reached a valuation of US$ 2,135.0 Million by the end of 2021.
However, with increasing government investments in developing and upgrading road infrastructure worldwide, the overall market for asphalt pavers is anticipated to expand at 4.4% CAGR between 2022 and 2032.
The growing demand for reliable road and transportation infrastructure, along with increased construction activity in both the residential and commercial sectors, is likely to increase demand for asphalt pavers globally over the projection period.
Because of the increased demand for compact-sized asphalt pavers brought on by increased road maintenance activities and the growth of urban areas, many geographic areas will experience an increase in the need for road transport equipment, which will eventually lead to the market’s expansion.
Several domestic governments are concentrating on investing in road transportation infrastructure in order to improve their economies, which is anticipated to boost the market for road construction equipment, thereby creating significant opportunities for asphalt paver manufacturers.
Increasing Funding for Construction of Road Infrastructure Boosting Market
The main focus in many regions has been on enhancing road connections for the rising urban and rural areas as well as the burgeoning population. Because it makes imports and exports more convenient, transportation infrastructure is crucial to a nation's prosperity.
Large road construction projects are currently underway in emerging nations to strengthen the infrastructure supporting domestic transportation systems. For instance, as per the India Brand Equity Foundation (IBEF), the Indian government is aiming to construct 65,000 km of national highways at a cost of Rs. 5.35 lakh crore by 2022. To accomplish compaction, asphalt pavers are widely used in road construction projects.
Different types of asphalt pavers are available, enabling efficient construction even on smaller roads in developing nations. Therefore, improvements in transportation infrastructure are probably going to result in a rise in demand for asphalt paving, especially in developing nations.
Growing Rental Activities Fueling Market Expansion
An important driver of the asphalt pavers market is the rise in heavy equipment rentals. Globally, the rental market has appeared to be driving revolutionary growth. Many businesses in the construction industry seek to abbreviate the project length due to the rise in the number of construction projects and the urgency of their completion. As a result, there is a requirement for more equipment to be ready in a shorter amount of time for the start of road construction activities.
Contractors have a cost-effective option in renting or leasing equipment like asphalt pavers. There is no need to purchase new machines because construction equipment can be used for a set amount of time before being returned, saving money. This makes equipment available in a short period and enables the timely execution of projects.
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Increasing Investment in Construction Activities to Tempting Manufacturers to Enter South Asia Pacific Market
Globally, key manufacturers are focusing on increasing their regional market and are involved in marking their direct presence in the local markets through joint ventures and acquisitions with contractors and rental companies, along with an increasing focus on research and development activities to develop paver machines that abide by emission standards.
The South Asia Pacific asphalt pavers market is anticipated to grow at a value CAGR of roughly 5.6% over the projection period, reaching a valuation of approximately US$ 348.8 Million in 2032.
To improve their economies, many domestic governments are funding various infrastructure projects. For instance, the Indian government's National Infrastructure Projects has started almost 6,500 projects in a variety of industries, including energy, transportation, and railroads, to help the nation's economy.
Similar investments are seen in other South Asian nations, leading to an increase in road construction equipment like asphalt pavers. This is tempting various companies to expand their business across the lucrative market of South Asia pacific.
Rising Popularity of Rentals Boosting Market in China
According to Future Market Insights, the overall market for asphalt pavers across China is anticipated to grow at a value CAGR of 3.5% between 2022 and 2023, creating an absolute $ opportunity of about US$ 198.3 Million.
Rapid infrastructure development, the strong presence of leading asphalt manufacturers, and the growing popularity of rentals are some of the key factors driving China’s asphalt pavers industry forward.
Infrastructure spending has had a huge role to play in China’s meteoric economic rise over the last few decades. Right from laying hundreds and thousands of miles of railway tracks to building record-breaking bridges, the Chinese government is investing vigorously to improve the quality of life for the population. This in turn is creating a high demand for road construction equipment such as asphalt pavers.
Rising Government Investments in Road Infrastructure Propelling Demand in the USA
As per FMI, it is anticipated that the USA market for asphalt pavers will have more than 80% of the market share in North America throughout the forecast timeframe. The USA market for asphalt pavers is anticipated to grow as maintenance and repair activities for roads and highways continue to increase.
Similarly, rising government investments in developing and expanding road infrastructure and the availability of advanced road construction technologies are generating high demand for asphalt pavers in the USA market during the assessment period.
In recent years, there has been a dramatic rise in government spending on road infrastructure projects. For instance, as per the American Road & Transportation Builders Association, State governments directed US$ 29 billion in federal funds to advance US$ 70 billion in highway improvements during the fiscal year 2020. This will continue to boost sales of asphalt pavers as they are being extensively used during road building and upgrading activities.
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Track Asphalt Pavers Remain a Highly Sought-After Product Type
Based on product type, the global market is segmented into track asphalt pavers and wheel asphalt pavers. Among these, the track asphalt pavers segment is anticipated to expand at 4.0% CAGR between 2022 and 2032, reaching a market valuation of approximately US$ 2,437.6 Million by 2032.
Pavers with tracks provide better traction for difficult jobs that require pushing big haul units up steep gradients or have bad ground conditions. Higher mobility, smooth operation, and increased output are all features of track asphalt pavers. Because of their easy mobility, improved fuel efficiency, and secure operability, track asphalt pavers are favored by the world's road construction industry
Compact Nature of Up to 2.6m Asphalt Pavers Fuelling Their Sales
As per FMI, the up to 2.6m asphalt pavers segment is anticipated to grow at 4.0% CAGR during the forecast period, reaching a valuation of around US$ 1,714.6 Million. This can be attributed to the rising adoption of asphalt pavers with working widths of up to 2.6 m by leading road construction companies.
As the need for durable roads and high-quality paving grows rapidly across many geographies, companies are utilizing highly efficient road construction equipment. Compact asphalt pavers are becoming more popular due to their numerous uses in cramped places, narrow roadways, tiny parking lots, and other urban locations, as well as their ease of transportation and improved visibility.
On the other hand, demand for 2.6 to 4 m asphalt pavers and more than 4 m asphalt paves is also expected to grow at a significant pace during the forthcoming decade. This can be attributed to the rising usage of these big road construction machines in large-scale infrastructures.
The huge worldwide change taking place in the road infrastructure sector has an impact on both emerging and developing nations. Large-scale infrastructure projects are currently being carried out in developing countries to strengthen the foundation of transportation, including the development of roads, trains, bridges, and ports. Due to significant government investment in building highways and wider roads in both urban and rural areas, there is an increase in demand for wider-width paved machines in many developing nations.
Asphalt paver manufacturers are continuously under pressure to boost the machine's performance due to its design and safety aspects. In this moderately consolidated market for asphalt pavers, a small number of companies, including Caterpillar Inc., Fayat Group, SUMITOMO CONSTRUCTION MACHINERY CO., LTD., Ammann Group Holding AG, AB Volvo, and Sany Heavy Industries Limited, hold the majority of the market share.
By introducing new products and working together with contractors and rental companies, manufacturing companies intend to improve the market supply of their asphalt pavers. Some of the key developments in the market are given under:
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | US$ 2,220.4 Million |
| Projected Market Size (2032) | US$ 3,414.6 Million |
| Anticipated Market Size (2022 to 2032) | 4.4% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | US$ Million for Value |
| Key Regions Covered | North America, Latin America, Europe, Asia Pacific, and Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, South Africa, and Northern Africa. |
| Key Market Segments Covered | Product Type, Working Width, Power |
| Key Companies Profiled |
|
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
The global market for asphalt pavers is expected to reach US$ 2,220.4 Million in 2022.
Demand for asphalt pavers is anticipated to increase at 4.4% CAGR between 2022 and 2032.
The worldwide asphalt pavers industry is projected to reach a valuation of US$ 3,414.6 Million by 2032.
Tier-1 companies include Caterpillar Inc., Fayat Group, SUMITOMO CONSTRUCTION MACHINERY CO., LTD., Ammann Group Holding AG, and AB Volvo.
The German market for asphalt pavers is expected to be valued at about US$ 198.2 Million in 2032.
Track asphalt pavers segment will continue to lead the worldwide pavers industry, accounting for nearly 74% share by volume in 2022.
Up to 2.6m segment leads the global market with about 51% of the total market share.
1. Executive Summary | Asphalt Pavers Market 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USPs / Features 4.3. Strategic Promotional Strategies 5. Global Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 5.1. Historical Market Volume (Units) Analysis, 2017 to 2021 5.2. Current and Future Market Volume (Units) Projections, 2022 to 2032 5.3. Y-o-Y Growth Trend Analysis 6. Global - Pricing Analysis 6.1. Regional Pricing Analysis By Product Type 6.2. Global Average Pricing Analysis Benchmark 7. Global Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021 7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.1.1. Global GDP Growth Outlook 8.1.2. Global Population Overview 8.1.3. Global Construction Spending Outlook 8.1.4. Global Road Industry Overview 8.1.5. Global Industry Value-Added Overview 8.1.6. Global Manufacturing Value-Added Overview 8.2. Forecast Factors - Relevance & Impact 8.2.1. Global urbanization Outlook 8.2.2. Top Companies Historical Growth 8.2.3. Regulatory Impact Outlook 8.2.4. E-Commerce Industry Outlook 8.2.5. Global Capital Expenditure Overview 8.2.6. Technological Advancements 8.3. Value Chain 8.3.1. List of Manufacturers 8.3.2. List of Distributors 8.3.3. End Users 8.4. COVID-19 Crisis – Impact Assessment 8.4.1. Current Statistics 8.4.2. Short-Mid-Long Term Outlook 8.4.3. Likely Rebound 8.5. Market Dynamics 8.5.1. Drivers 8.5.2. Restraints 8.5.3. Opportunity Analysis 9. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product Type 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume Analysis By Product Type, 2017 to 2021 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Type, 2022 to 2032 9.3.1. Track 9.3.2. Wheel 9.4. Market Attractiveness Analysis By Product Type 10. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by Working on Width 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) and Volume Analysis By Working Width, 2017 to 2021 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Working Width, 2022 to 2032 10.3.1. Up to 2.6 m 10.3.2. 2.6 to 4 m 10.3.3. More than 4 m 10.4. Market Attractiveness Analysis By Working Width 11. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by Power 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Million) and Volume Analysis By Power, 2017 to 2021 11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Power, 2022 to 2032 11.3.1. Up to 75 HP 11.3.2. 75-110 HP 11.3.3. 110 - 150 HP 11.3.4. More than 150 HP 11.4. Market Attractiveness Analysis By Power 12. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 12.1. Introduction 12.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021 12.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. East Asia 12.3.5. South Asia and Pacific 12.3.6. Middle East and Africa 12.4. Market Attractiveness Analysis By Region 13. North America Analysis 2017 to 2021 and Forecast 2022 to 2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 13.4.1. By Country 13.4.1.1. USA 13.4.1.2. Canada 13.4.2. By Product Type 13.4.3. By Working Width 13.4.4. By Power 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Product Type 13.5.3. By Working Width 13.5.4. By Power 14. Latin America Analysis 2017 to 2021 and Forecast 2022 to 2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 14.4.1. By Country 14.4.1.1. Brazil 14.4.1.2. Mexico 14.4.1.3. Rest of Latin America 14.4.2. By Product Type 14.4.3. By Working Width 14.4.4. By Power 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Product Type 14.5.3. By Working Width 14.5.4. By Power 15. Europe Analysis 2017 to 2021 and Forecast 2022 to 2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 15.4.1. By Country 15.4.1.1. Germany 15.4.1.2. Italy 15.4.1.3. France 15.4.1.4. United Kingdom 15.4.1.5. Spain 15.4.1.6. BENELUX 15.4.1.7. Russia 15.4.1.8. Rest of Europe 15.4.2. By Product Type 15.4.3. By Working Width 15.4.4. By Power 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Product Type 15.5.3. By Working Width 15.5.4. By Power 16. East Asia Analysis 2017 to 2021 and Forecast 2022 to 2032 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 16.4.1. By Country 16.4.1.1. China 16.4.1.2. Japan 16.4.1.3. South Korea 16.4.2. By Product Type 16.4.3. By Working Width 16.4.4. By Power 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Product Type 16.5.3. By Working Width 16.5.4. By Power 17. South Asia and Pacific Analysis 2017 to 2021 and Forecast 2022 to 2032 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 17.4.1. By Country 17.4.1.1. India 17.4.1.2. ASEAN 17.4.1.3. Australia and New Zealand 17.4.1.4. Rest of SAP 17.4.2. By Product Type 17.4.3. By Working Width 17.4.4. By Power 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Product Type 17.5.3. By Working Width 17.5.4. By Power 18. Middle East and Africa Analysis 2017 to 2021 and Forecast 2022 to 2032 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 18.4.1. By Country 18.4.1.1. GCC Countries 18.4.1.2. Turkey 18.4.1.3. South Africa 18.4.1.4. Northern Africa 18.4.1.5. Rest of Middle East and Africa 18.4.2. By Product Type 18.4.3. By Working Width 18.4.4. By Power 18.5. Market Attractiveness Analysis 18.5.1. By Country 18.5.2. By Product Type 18.5.3. By Working Width 18.5.4. By Power 19. Country Wise Analysis 2022 to 2032 19.1. Introduction 19.1.1. Market Value Proportion Analysis, By Key Countries 19.1.2. Global Vs. Country Growth Comparison 19.2. USA Analysis 19.2.1. By Working Width 19.2.2. By Power 19.2.3. By Product Type 19.3. Canada Analysis 19.3.1. By Working Width 19.3.2. By Power 19.3.3. By Product Type 19.4. Mexico Analysis 19.4.1. By Working Width 19.4.2. By Power 19.4.3. By Product Type 19.5. Brazil Analysis 19.5.1. By Working Width 19.5.2. By Power 19.5.3. By Product Type 19.6. Germany Analysis 19.6.1. By Working Width 19.6.2. By Power 19.6.3. By Product Type 19.7. Italy Analysis 19.7.1. By Working Width 19.7.2. By Power 19.7.3. By Product Type 19.8. France Analysis 19.8.1. By Working Width 19.8.2. By Power 19.8.3. By Product Type 19.9. United Kingdom Analysis 19.9.1. By Working Width 19.9.2. By Power 19.9.3. By Product Type 19.10. Spain Analysis 19.10.1. By Working Width 19.10.2. By Power 19.10.3. By Product Type 19.11. NORDICS Analysis 19.11.1. By Working Width 19.11.2. By Power 19.11.3. By Product Type 19.12. Russia Analysis 19.12.1. By Working Width 19.12.2. By Power 19.12.3. By Product Type 19.13. China Analysis 19.13.1. By Working Width 19.13.2. By Power 19.13.3. By Product Type 19.14. Japan Analysis 19.14.1. By Working Width 19.14.2. By Power 19.14.3. By Product Type 19.15. South Korea Analysis 19.15.1. By Working Width 19.15.2. By Power 19.15.3. By Product Type 19.16. India Analysis 19.16.1. By Working Width 19.16.2. By Power 19.16.3. By Product Type 19.17. ASEAN Analysis 19.17.1. By Working Width 19.17.2. By Power 19.17.3. By Product Type 19.18. Australia and New Zealand Analysis 19.18.1. By Working Width 19.18.2. By Power 19.18.3. By Product Type 19.19. GCC Countries Analysis 19.19.1. By Working Width 19.19.2. By Power 19.19.3. By Product Type 19.20. Turkey Analysis 19.20.1. By Working Width 19.20.2. By Power 19.20.3. By Product Type 19.21. South Africa Analysis 19.21.1. By Working Width 19.21.2. By Power 19.21.3. By Product Type 20. Market Structure Analysis 20.1. Market Analysis by Tier of Companies 20.2. Market Share Analysis of Top Players 20.3. Market Presence Analysis 21. Competition Analysis 21.1. Competition Dashboard 21.2. Competition Benchmarking 21.3. Competition Deep Dive 21.3.1. Caterpillar Inc. 21.3.1.1. Overview 21.3.1.2. Product Portfolio 21.3.1.3. Profitability by Market Segments (Product Type/Power/Working Width/Region) 21.3.1.4. Sales Footprint 21.3.1.5. Strategy Overview 21.3.2. Ammann Group Holding AG 21.3.2.1. Overview 21.3.2.2. Product Portfolio 21.3.2.3. Profitability by Market Segments (Product Type/Power/Working Width/Region) 21.3.2.4. Sales Footprint 21.3.2.5. Strategy Overview 21.3.3. VT LeeBoy, Inc. 21.3.3.1. Overview 21.3.3.2. Product Portfolio 21.3.3.3. Profitability by Market Segments (Product Type/Power/Working Width/Region) 21.3.3.4. Sales Footprint 21.3.3.5. Strategy Overview 21.3.4. AB Volvo 21.3.4.1. Overview 21.3.4.2. Product Portfolio 21.3.4.3. Profitability by Market Segments (Product Type/Power/Working Width/Region) 21.3.4.4. Sales Footprint 21.3.4.5. Strategy Overview 21.3.5. Deere & Company (Wirtgen Group) 21.3.5.1. Overview 21.3.5.2. Product Portfolio 21.3.5.3. Profitability by Market Segments (Product Type/Power/Working Width/Region) 21.3.5.4. Sales Footprint 21.3.5.5. Strategy Overview 21.3.6. Astec Industries, Inc. 21.3.6.1. Overview 21.3.6.2. Product Portfolio 21.3.6.3. Profitability by Market Segments (Product Type/Power/Working Width/Region) 21.3.6.4. Sales Footprint 21.3.6.5. Strategy Overview 21.3.7. B.G. Pavers Ltd 21.3.7.1. Overview 21.3.7.2. Product Portfolio 21.3.7.3. Profitability by Market Segments (Product Type/Power/Working Width/Region) 21.3.7.4. Sales Footprint 21.3.7.5. Strategy Overview 21.3.8. Weiler Inc 21.3.8.1. Overview 21.3.8.2. Product Portfolio 21.3.8.3. Profitability by Market Segments (Product Type/Power/Working Width/Region) 21.3.8.4. Sales Footprint 21.3.8.5. Strategy Overview 21.3.9. Fayat Group 21.3.9.1. Overview 21.3.9.2. Product Portfolio 21.3.9.3. Profitability by Market Segments (Product Type/Power/Working Width/Region) 21.3.9.4. Sales Footprint 21.3.9.5. Strategy Overview 21.3.10. Xuzhou Construction Machinery Group Co. Ltd 21.3.10.1. Overview 21.3.10.2. Product Portfolio 21.3.10.3. Profitability by Market Segments (Product Type/Power/Working Width/Region) 21.3.10.4. Sales Footprint 21.3.10.5. Strategy Overview 21.3.11. Sany Heavy Industries Limited 21.3.11.1. Overview 21.3.11.2. Product Portfolio 21.3.11.3. Profitability by Market Segments (Product Type/Power/Working Width/Region) 21.3.11.4. Sales Footprint 21.3.11.5. Strategy Overview 21.3.12. China National Machinery Industry Corporation 21.3.12.1. Overview 21.3.12.2. Product Portfolio 21.3.12.3. Profitability by Market Segments (Product Type/Power/Working Width/Region) 21.3.12.4. Sales Footprint 21.3.12.5. Strategy Overview 21.3.13. HANTA MACHINERY Co., Ltd. 21.3.13.1. Overview 21.3.13.2. Product Portfolio 21.3.13.3. Profitability by Market Segments (Product Type/Power/Working Width/Region) 21.3.13.4. Sales Footprint 21.3.13.5. Strategy Overview 21.3.14. SUMITOMO CONSTRUCTION MACHINERY CO.,LTD. 21.3.14.1. Overview 21.3.14.2. Product Portfolio 21.3.14.3. Profitability by Market Segments (Product Type/Power/Working Width/Region) 21.3.14.4. Sales Footprint 21.3.14.5. Strategy Overview 22. Assumptions and Acronyms Used 23. 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Asphalt Pavers Market
