Authored By: Sarah
11 Jul 2024

 Asphalt Pumps Market Size to grow by USD 67.6 million between 2024-2028

According to a research report “ Asphalt Pumps Market” by Product (Gear pumps, Screw pumps, Vane pumps) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 67.6 million, at a CAGR of  4.5% during the forecast period. The global asphalt pumps market is experiencing significant growth due to the increasing investments in transportation and highway infrastructure projects. With asphalt being the primary material for roadway and highway pavements, its demand is escalating. Asphalt's thermoplastic nature, waterproofing properties, and significant strength and durability make it the preferred choice for road and highway construction. Notably, the US witnessed a 12.4% increase in total investment in new transport infrastructure from 2016 to 2019. Similarly, Germany recorded a 22.7% surge in investment during the same period. Moreover, China's transportation infrastructure industry experienced an impressive growth of over 37% annually from 2016 to 2019, as per OECD data. These investments underscore the market potential for asphalt pumps.

Browse market data tables, figures, and in-depth TOC on “Asphalt Pumps Market” by Product (Gear pumps, Screw pumps, Vane pumps) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Product, the Gear pumps segment is projected to dominate the market size in 2024

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By Geography, APAC  segment is expected to hold the largest market size for the year 2024

The Asphalt Pumps Market represents a significant business opportunity for manufacturers and suppliers. These pumps are essential for the production and transportation of asphalt in the construction industry. Market growth is driven by increasing infrastructure development and road construction projects worldwide. Advanced technologies, such as computerized control systems and energy-efficient designs, are enhancing the market's competitiveness. Key players include Schwing, Putzmeister, and Contexo.

APAC is forecasted to hold the largest market size by region in 2024

The Asphalt Pumps Market represents a significant business opportunity for manufacturers and suppliers. These pumps are essential for the production and transportation of asphalt in the construction industry. Market growth is driven by increasing infrastructure development and road construction projects worldwide. Advanced technologies, such as computerized control systems and energy-efficient designs, are enhancing the productivity and competitiveness of asphalt pumps. The market is expected to grow steadily in the coming years, offering lucrative prospects for businesses involved in its production and distribution.

The Asphalt Pumps Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • AJAY ENGINEERING
  • Apollo Mechanical Industries
  • Botou Saiken Pumps Co. Ltd.
  • CIRCOR International Inc.
  • DESMI AS
  • Dover Corp.
  • Erich NETZSCH GmbH and Co. Holding KG
  • Fluid Tech Systems
  • Gebr. Steimel GmbH and Co.
  • Hebei Yuandong Pumps Manufacturing Co. Ltd.
  • IDEX Corp.
  • Kracht Corp.
  • Leistritz Advanced Technologies Corp.
  • Roto Pumps Ltd.
  • ShriMaruti Precision Engineering Pvt. Ltd.
  • SPX FLOW Inc.
  • TriRotor Inc.
  • ULTRA POMPE Srl
  • Victor Pumps Srl
  • Zhejiang Shanggui Pump Industry Co. Ltd.
.

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Research Analysis Overview

Title: Asphalt Pumps Market: Trends, Strategies, and Future Prospects The global Asphalt Pumps market is witnessing significant growth due to the increasing demand for eco-friendly materials in infrastructure development projects. Reclaimed asphalt pavement (RAP) and warm mix asphalt (WMA) are gaining popularity as sustainable solutions, offering improved performance and efficiency. Pump design plays a crucial role in ensuring the efficient delivery of asphalt during road construction. Maintenance and regulations are key factors influencing the market's growth. The industry coverage includes various sectors, such as infrastructure development projects, building, and road construction. Strategies and current focus of major players include innovation, expansion, and collaboration. Regulations and political factors, including taxes and subsidies, are significant drivers. Social factors, such as consumer buying patterns and product pricing, also impact the market. Macroeconomic analysis, social scenarios, and political scenarios are essential for understanding market trends. Coating technologies and building materials are potential areas of growth. Asphalt pumps' performance and efficiency remain the winning imperatives for market success.

Market Research Overview

Title: Asphalt Pumps Market: Trends, Growth, and Competitive Landscape The Asphalt Pumps Market is witnessing significant growth due to the increasing demand for eco-friendly materials in infrastructure development projects. Reclaimed asphalt pavement and warm mix asphalt are gaining popularity as sustainable alternatives to traditional asphalt. This trend aligns with the global push towards sustainable infrastructure and reducing carbon footprints. Leading players in the market include Bolong, Yongchang Pump, Yuandong Pump, Shanggui Pumps, Rotan Pump, Viking Pump, and Johnson Pump. These innovators are focusing on pump design, efficiency, and maintenance to gain a competitive edge. Business and product strategies are key to their scalability. Emerging players are entering the market with cutting-edge technologies, such as advanced pump designs and improved coating materials. Regulations, political factors, and social factors are external factors influencing the industry landscape. Historical pricing trends indicate steady growth, with projected pricing trends showing a potential increase due to the rising demand for high-performance asphalt pumps. Industry coverage includes road construction, building, and other industry verticals. The competitive position of key players is analyzed through macroeconomic analysis, social scenarios, political scenarios, consumer buying patterns, product pricing, and winning imperatives. Intermediaries and end consumers are essential stakeholders in the market. Current focus is on inorganic growth strategies, such as mergers and acquisitions, to expand market share. The industry is expected to continue its growth trajectory, driven by the increasing demand for asphalt in infrastructure development projects.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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