Europe Asphalt Recycler Market

Europe Asphalt Recycler Market Outlook (2023-2033)

The Europe asphalt recycler market is anticipated to project a valuation of US$ 515.3 million in 2023 and further expand at a CAGR of 2.4% to reach US$ 650.9 million by the end of 2033.

The growth is attributed to the increasing asphalt recycling activities to decrease cost required for road restoration and decrease waste generation.

Report Attributes	Details
Asphalt Recycler Market Size (2022A)	US$ 506.3 Million
Estimated Market Value (2023E)	US$ 515.3 Million
Forecasted Market Value (2033F)	US$ 650.9 Million
Europe Market Growth Rate (2023-2033)	2.4% CAGR
Germany Market Growth Rate (2023-2033)	~2.8% CAGR
United Kingdom Market Share (2023)	~18.0%
France Market Share (2023)	~17.0%
NORDIC Market Growth Rate (2023-2033)	~2.0% CAGR
Key Companies Profiled	ANGELO BENEDETTI INC Bagela Baumaschinen GmbH & Co. KG Falcon Asphalt Repair Equipment KM International Maddock Construction Equipment Renova Industries TRADE INDUSTRIAL COMPANY AB

Historic to Future Pathway Analysis

The first step in recycling asphalt is milling. In order to remove the uppermost layer of asphalt from a roadway, driveway, or parking lot, without affecting the sub-base, asphalt milling is a recycling and repaving technique. After being milled, the asphalt is transported to an asphalt plant where it is further screened and sized before being utilized to create new pavement.

The quality of pavement built using this resurfaced asphalt is typically superior to that of freshly constructed pavement. Asphalt has a relatively long lifespan and may be recycled and used numerous times.

• Short-Term Growth Projection (2023-2026): Mushrooming utilization of asphalt recycler in waste management plants positively impact the market growth.
• Medium-Term Growth Projection (2027-2029): Germany and UK are estimated to observe high demand for asphalt recyclers on the back of the growing focus of manufacturers on recycling to reduce cost, coupled with favorable government initiatives.
• Long-Term Growth Projection (2030-20330: Innovation and upgradation coupled with customization will be responsible for increased demand in the long run.

Over the 2018-2022 historical period, the Europe asphalt recycler market registered a CAGR of 1.3%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 2.4% CAGR between 2023 and 2033.

Market share analysis of asphalt recyclers based on maximum width and country is provided in a nutshell in the above image. Under the type segment, the hot recycler sub-segment is estimated to reach a market share of 67.0% in 2023.

“Declining Petroleum Reserves to Augment Asphalt Recycling Activities”

Asphalt can be obtained from natural deposits or as a by-product of the distillation of petroleum. Asphalt is mostly utilized for road paving, but it is also used for dam facings, canal and reservoir linings, and other harbor and marine work. Additionally, it is used in a variety of industrial items, including batteries, as well as roofs, coatings, floor tiling, soundproofing, and waterproofing.

The global consumption of crude oil is around 94 million barrels every day, out of which Europe consumes around 10 million barrels of oil every day. Around 1.65 trillion barrels of crude oil is left in the reserves and is expected to last for around 45-50 years.

The declining reserves of crude oil and the harmful effects of fossil fuel extraction are shifting people towards recycling asphalt. Recycling asphalt decreases the cost and conserves natural resources.

Pavement consists of a mixture of other recycled materials such as glass, steel, rubber, and cement and thus helps in reducing other wastes too. According to a report by NAPA, recycling asphalt saves around 46 million cubic meters of landfill space every year.

“High Cost of Maintenance and Lack of Trained Labor to Hinder Adoption”

As consumer demands have changed, so has the design of asphalt recyclers. However, making significant efforts to improve equipment design results in more spending, which raises the cost of the equipment. The challenge for manufacturers is to reduce the cost of their products while increasing productivity and efficiency.

At the same time, a more sophisticated asphalt recycler with more electronic features needs operators who are professionals and have received the necessary training. Mishandling can result in serious accidents. Operators are required to complete operational and safety programs. The use of advanced recyclers is hampered by a lack of experienced operators.

Country-wise Insights

What are the Factors Driving the Market’s Growth Across the UK?

Over 95% of all UK roads, as well as footpaths, playgrounds, bike routes, and parking lots, are surfaced with asphalt. The UK consumes almost 200 million tons of asphalt every year out of which around 56 million tons are recycled aggregates.

The UK Green Building Council estimates that the construction industry utilizes over 400 million tons of materials annually. London’s Circular Economy Route Map and the EU's Circular Economy Package both emphasize the importance of construction support for the transition towards a circular economy, which aims to maximize the lifecycle of resources as much as possible.

The UK market for asphalt recyclers is expected to grow at a CAGR of 1.2% to reach a valuation of US$ 104.1 million by 2033.

Why is the Germany Asphalt Recycler Market Expected to Be Highly Lucrative?

The total amount of hot and warm mix asphalt produced in 2020, as reported by the European Asphalt Pavement Association (EAPA), was 276.9 million tons. With 38 million tons produced in 2020, Germany was the largest producer of asphalt.

In total, 46.4 million tons of recycled asphalt were employed in 17 nations in Europe. Germany again topped the spot with 11.6 million tons or 25% of the total.

The Germany market for asphalt recyclers is predicted to reach an estimation of US$ 169.2 million by 2023.

Category-wise Insights

Why is the Hot Asphalt Recycler Most Widely Utilized?

Hot recycling improves the composition of the aggregates in the course layer, as well as all-important surface and pavement profile parameters. Hot recycling restores inadequate skid resistance, ensures water drainage, and removes wheel ruts.

Since the hot recycling process is utilized for the restoration of damaged or broken asphalt courses, an intact layer structure is crucial. All requirements for bearing capacity and frost resistance must be fully met by the pavement structure beneath the surface course.

The hot recycler processes the prevailing road pavement and improves it by using a virgin mix when necessary. Owing to these, the demand for hot recyclers is anticipated to increase in the forecast period.

The hot asphalt recycler is estimated to be valued at US$ 345.3 Mn by the end of 2023.

Why is the Demand for Asphalt Recycler with a Capacity of More than 8 tons/h Increasing?

Urbanization, industrialization, and a growing population are increasing the demand for good and well-maintained roads. There has been an increase in the restoration activity of roads due to heavy traffic received by the roads. The asphalt pavement also gets damaged due to natural wear and tear.

Recyclers with higher capacity are able to recycle large amounts of asphalts in a short time span and help in meeting huge demands. To repair the pavements faster and cover a larger area, users prefer recyclers that are able to process large amounts of asphalt in the minimum time.

The asphalt recycler with a capacity of more than 8 tons/h is predicted to reach a valuation of US$ 169.5 Mn by the end of 2023.

Key Stratagems by Market Players

Key players in asphalt recyclers ANGELO BENEDETTI INC, Bagela Baumaschinen GmbH & Co. KG, Falcon Asphalt Repair Equipment, KM International., Maddock Construction Equipment, Renova Industries, and TRADE INDUSTRIAL COMPANY AB.

Market players are focusing on expanding their footprints in the emerging market across European regions through mergers and acquisitions. Additionally, a lot of market players are concentrating on the areas with a high population because these areas are seeing an increase in development activity. Strengthening the distribution network and long-term contracts with suppliers in non-legacy markets are also the focus of market leaders.

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

Segmentation of Asphalt Recycler Industry Research

• By Type :

  • Cold Recycler
  • Hot Recycler

• By Capacity :

  • Less than 4 tons/h
  • 4 tons/h - 8 tons/h
  • More than 8 tons/h

• By Country :

  • Germany
  • France
  • UK
  • BENELUX
  • NORDIC
  • Italy
  • Spain
  • Rest of Europe