The Business Research Company’s Asphalt Mixing Plants Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Asphalt Mixing Plants Global Market Report 2023 evaluates asphalt mixing plants market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global asphalt mixing plants market is expected to grow from $6.39 billion in 2022 to $6.6 billion in 2023 at a compound annual growth rate (CAGR) of 3.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The asphalt mixing plants market is expected to reach $7.26 billion in 2027 at a CAGR of 2.4%.
The rise in infrastructure investments is expected to propel the growth of the asphalt mixing plants market going forward. Infrastructure investment refers to the distribution of financial resources for constructing, upkeep, and enhancing physical buildings and structures that support social and economic well-being. Asphalt mixing paints in infrastructure development are used in constructing and maintaining roads, highways, airports, and other transportation networks. For instance, in May 2023, according to a report by The Office for National Statistics, a UK-based government department, infrastructure construction for new work had a total value of $37.96 billion in 2021, a 32.8% increase from 2020. Much of this increase was because of roads and railways, which comprised 61.1% of all new work and experienced rises of 93.4% and 88.7%, respectively, in 2021. Therefore, the rise in infrastructure investments is driving the growth of the asphalt mixing plants market.
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The asphalt mixing plants market segments in the report are:
1) By Product: Batch Mix, Drum Mix, Continuous Mix
2) By Process: Batch, Continuous
3) By Capacity: Below 50T/H, 50-150T/H, 151-300T/H, Above 300T/H
4) By Application: Road Construction, Parking Lots, Pedestrian Paths, Bridge
The table of contents in TBRC’s asphalt mixing plants market report includes:
- Executive Summary
- Asphalt Mixing Plants Market Characteristics
- Asphalt Mixing Plants Market Trends And Strategies
- Asphalt Mixing Plants Market – Macro Economic Scenario
5.1. Global Asphalt Mixing Plants Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
- Asphalt Mixing Plants Market Segmentation
- Asphalt Mixing Plants Market Regional And Country Analysis
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- Brazil Asphalt Mixing Plants Market
- Middle East Asphalt Mixing Plants Market
- Africa Asphalt Mixing Plants Market
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