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Asphalt Mixing Plant Market

Asphalt Mixing Plant Market By Product (Stationary, Portable), By Type (Drum Plant, Batch Plant), By Capacity (Below 50 TPH, 50-150 TPH, 151-300 TPH, Above 300 TPH), By Region - Global Market Insights 2022 - 2032

Analysis of Asphalt Mixing Plant market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Asphalt Mixing Plant Market Outlook 2022-2032

The global asphalt mixing plant market reaches a valuation of US$ 1,878.9 million by the end of 2022 and is expected to progress at a CAGR of 3.1% to reach US$ 2,548.7 million by the end of 2032.

Sales of asphalt mixing plant accounted for around 2% revenue share of the global road construction equipment market at the end of 2022.

Report Attributes

Details

Asphalt Mixing Plant Market Size (2021A)

US$ 1,841.3 million

Estimated Market Value (2022E)

US$ 1,878.9 million

Forecasted Market Value (2032F)

US$ 2,548.7 million

Global Market Growth Rate (2022-2032)

3.1% CAGR

East Asia Market Share (2022)

30.7%

East Asia Market Value (2022)

US$ 577.4 million

Europe Market Share (2022)

23.3%

Europe Market Value (2022)

US$ 437.8 million

China Market Share (2022)

22.9%

China Market Value (2022)

US$ 429.9 million

Market Share of Top 3 Countries

52.0%

Key Companies Profiled

  • Astec Industries Inc.
  • Gencor Industries, Inc.
  • NIKKO Co., Ltd
  • FAYAT Group
  • Aimix Group
  • Ammann Group
  • Asphalt Drum Mixers, Inc.
  • Benninghoven GmbH & Co. KG
  • NFLG Inc.
  • Sany Group
  • Gongyi Santai Machinery Co., Ltd

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Sales Analysis of Asphalt Mixing Plant (2017-2021) Vs. Market Outlook (2022-2032)

Adequate transportation infrastructure, such as roads, play a significant role in the development of an economy. Good roads drive socio-economic growth by providing increased mobility for people, goods and services. Asphalt-built roads have many advantages, including evenness because they don't need building joints.

Asphalt is also inexpensive, simple, and quick to build with, but more importantly, it is entirely recyclable. Asphalt offers cutting-edge advantages that it is the most popular paving material for large-scale projects like building motorways or airport runways.

Various players involved in the asphalt mixing plant market have brought in different innovations to make it more convenient for the operator. The manufacturers are focusing on improving the performance of the plant and also incorporating new-age technological solutions. For that, the manufacturers are using strong materials and structures which enable improved performance capacity of the asphalt mixing plant. The development of new technologies is expected to fuel the adoption of asphalt mixing plant in different applications.

Thus, the focus on improving the functionality by incorporating new-age technological solutions has significantly increased the efficiency of asphalt mixing plant. This, in turn, is expected to propel the growth of asphalt mixing plant market.

  • Short Term (2022 to 2025): Rising infrastructural projects will positively impact asphalt mixing plant market growth.
  • Medium Term (2025-2028): United States and Middle East and Africa projected to witness comparatively high asphalt mixing plant demand due to building smart cities.
  • Long Term (2028-2032): By focusing on increase presence in developing countries through merger and acquisitions can help in market establishment and increase the demand for asphalt mixing plants.

From 2017 to 2021, the global market for asphalt mixing plant registered a CAGR of (0.1) % Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 3.1% CAGR between 2022 and 2032.

Asphalt mixing plant market forecast by Fact.MR

Market share analysis of asphalt mixing plant based on capacity and region is provided in the above image. Under the capacity segment, the 50-150 TPH sub-segment dominates with 29.1% market share in 2022.

Asphalt Mixing Plant Market

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What’s Driving High Demand for Asphalt Mixing Plant across Regions?

“Demand from Developing Countries for Road Infrastructure to Boost Demand for Asphalt Mixing Plant”

Adequate transportation and mobility infrastructure plays very important role in the developed as well as developing countries as it directly impacts imports and exports of every sector. Therefore, unprecedented demand of the road infrastructure is observed since recent few years.

In addition, increasing population in the developing countries is causing exceeded mobility demand than the capacity. Asphalt mixing plants are used for producing final material used for road construction through mixture of dry warm aggregator padding and asphalt. Big highway projects need asphalt in very large quantity, therefore manual mixing of these materials is not possible. Which substantially create demand for the asphalt plants in the global market.

“Growing Investment for Construction Equipment Propelling the Asphalt Mixing Plant”

With an expected US$320 billion dollars in investments in the infrastructure sector over the next five years, the prospects for the construction equipment business appear promising. From this, construction product accounts for the majority of the category, or around 56%. The material handling, material preparation, and concrete equipment categories, which use relatively less technology, have a higher prevalence of unorganized companies.

Infrastructure investment, real estate construction investment, and industrial construction investment make up the three parts of the construction investment. Over the next five years, significant investments are anticipated to be made in this industry. Construction equipment manufacturers spend on research and development (R&D) for product innovation and new product development for the success of the increasing the presence of players in competitive market.

Know thy Competitors

Competitive landscape highlights only certain players
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What Do Asphalt Mixing Plant Manufacturers Need to Watch Out for?

“High Initial & Maintenance Cost to Hinder Adoption”

Asphalt mixing plants are giant in shape and includes string and bulky processes in its manufacturing. Therefore, initial cost of the asphalt plant is very high. Design of asphalt plants has continuously evolved with changing consumer requirements.

However, improving equipment design require heavy investments, which leads to greater expenditure, making the equipment more expensive. Therefore, manufacturers face the challenge of making their product cost-effective while improving efficiency and productivity. At the same time maintenance of the asphalt mixing plant is a very difficult, costlier as well as time consuming process which can make consumers to resist from owning an asphalt plant.

Country-wise Insights

How Germany can drive the Demand for Asphalt Mixing Plant market?

In European region, Germany will be beneficial for the growth of asphalt mixing plant due to the local manufacturer availability in the region. According to the report, Europe has approx. 4,500 number of mixing plant, the transportation industry accounts for 7% Gross Domestic Product (GDP). Germany is the leading asphalt mixture between the last ten years.

The investment is increasing rapidly due to safety and efficiency, pavement durability and modified material due to the increased number of vehicle loads. The Western Europe economy including Germany permitted for rapid expansion in road building. As a result, the demand for high quality mixture has upsurge. These days the company are moving towards modern production plants which offers environment friendly operation.

Therefore, Germany being the leading producer of asphalt mixing plant and the increased government initiative for road safety will help the market growth for mixing plant.

Why is the Saudi Arabia Asphalt Mixing Plant Market Expected to Be Highly Profitable?

Saudi Arabia is considered as top performer in Middle East construction market. The government initiative for massive infrastructure development of 22 projects worth US$ 134 billion out of which 8 of them has been announced for road constructions. Due to the government promotion for the Saudi Arabia Vision 2030 have strengthened the transportation construction industry.

The government is opening path for foreign transportation infrastructure construction. In 2021, the transportation industry recorded Y-O-Y growth of 2.4%. The players like Qiddiya Investment Company (QIC) and Red Sea Development Company are being involved for the development of road constructions.

Considering the above factors, the ongoing infrastructure and road construction projects will increase the demand for asphalt mixing plant.

Category-wise Insights

Why is Growth of Stationary Asphalt Mixing Plant Being Highly lucrative in Asphalt Mixing Plant market?

Asphalt mixture are used to create hot mix asphalts which mixes aggregates and bitumen to create hot mixtures. The mixture consists of drum dryer, coal feeder, coal burner, dust collector, bitumen supply system, asphalt storage etc.

Stationary mixture type produce asphalt mixture in bulk with complete set of equipment which make it user friendly due to integrate all the mixing procedure in one machinery. The equipment is well suited to mix modified asphalt mixture, coloured asphalt mixture and asphalt mixture which makes the mixture plant perfect for highway roads construction projects, airport construction, classified highway construction, port construction and urban road construction. The stationary batch plant provide consistency to the crucial mix quality. The plant processor ensures that all the component like heating, feeding, screening, drying and mixing blend together seamlessly.

Owing to the above facts, the stationary product type of the asphalt mixing plant market is predicted to grow at a value of US$ 1,253.1 million by the end of 2022.

What is the Market scope for Batch Plant Type in Asphalt Mixture Segment?

Batch plants will be highly lucrative due to the benefits it provides for instance occupy less space, inexpensive, accuracy, adaptable, can mix different mixtures as per the requirement. The equipment is in modular structure which can be retrofitted any time.

In batch plant the asphalt is produced in batches every specific timeframe, depends on the capacity of the plant and mixture specification. The newer model with counter flow technology are setting new standards in the market. The benefits provided in the product are low carbon footprint, facility to add RAP, fuel efficiency and environment friendly.

Hence, the long term benefit involves in the mixture machine the batch plant market will be highly demand in the transportation industry. The batch plant segment dominated the market in terms of value US$ 1,049.0 million in 2021.

Competitive Landscape

There are several local and regional companies in the market for asphalt mixing plant, which is fragmented in nature. Among the participants are Astec Industries Inc., Gencor Industries, Inc., NIKKO Co., Ltd, FAYAT Group, Aimix Group, Ammann Group, Asphalt Drum Mixers, Inc., Benninghoven GmbH & Co. KG, NFLG Inc., Sany Group, Gongyi Santai Machinery Co., Ltd. To acquire a competitive edge, market participants are concentrating on enlarging their footprints through alliances and acquisitions.

Manufacturers have responded by introducing portable asphalt mixing facilities that are simple to relocate. The project's overall cost has been reduced as a consequence of other developments, such as asphalt mixing units that can use recycled asphalt up to 100%. Since the customer preference moving towards customizable products, lot of innovation and development happening around the same to provide maximum customer satisfaction.

Fact.MR has provided detailed information about the price points of key manufacturers of asphalt mixing plant positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Asphalt Mixing Plant Industry Research

  • By Product :

    • Stationary
    • Portable
  • By Type :

    • Drum Plant
    • Batch Plant
  • By Capacity :

    • Below 50 TPH
    • 50-150 TPH
    • 151-300 TPH
    • Above 300 TPH
  • By Region :

    • North Americas
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

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Worldwide demand for asphalt mixing plant is anticipated to reach US$ 2,548.7 million by 2032-end.

The global asphalt mixing plant market is currently valued at US$ 1,878.9 million in 2022.

East Asia leads the global asphalt mixing plant market accounting for 30.7% market share in 2022.

Batch Plant sub-segment accounts for 57.1% share of the global market in 2022.

During 2017-2021, sales of asphalt mixing plant increased at (0.1) % CAGR.

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