Road Construction Equipment in North America: Asphalt Pavers. Market Size, Shares, Segmentation, Competitors, Growth, Channels & Trends
An asphalt paver is a self-propelled machine on wheels or tracks, consisting of a tractor and a floating screed, that is utilized to pave roads with hot mix asphalt. In the asphalt paving process, trucks deliver hot mix asphalt from asphalt plants to the construction site, where the asphalt is loaded onto the asphalt paver hopper. The asphalt is spread evenly over the surface to be paved and provides minor compaction before an asphalt roller is used for compaction to the desired density.
Depending on the operating weight, asphalt pavers are classified as Highway Class Pavers and Commercial Pavers. Asphalt paving machines with operating weights of 19,000 lbs. or more are categorized as highway class pavers. In highway pavers, the tractor and the screed are two separate units, manufactured by both independent screed manufacturers and by the tractor manufacturers.
Commercial pavers are smaller units, with operating weights typically less than 19,000 lbs. These are used to construct and rehabilitate intercity roads, driveways, patios, walkways, and other outdoor platforms. While certain companies manufacture commercial pavers of over 19,000 lbs., most of these units continue to be below the 19,000 lbs. mark. In commercial pavers, the screed and the tractor comprise a single unit, manufactured by the commercial paver manufacturer.
Thirteen companies participate in the asphalt paver market in North America, four of which import pavers for the North American market.
Key aspects detailed in this report include estimation of market size, market shares by type, demand factors, trends and outlook for each segment, as well as profiles of the 13 manufacturers supplying asphalt paving equipment into the U.S. and Canadian markets.
This report is part of a multi-client project on road construction equipment that seeks to address the needs of clients from a variety of segments, ranging from construction equipment manufacturers and large highway construction contractors to small road maintenance contractors—who are likely to be well-versed on the subject—to private equity firms and management analysts that need to understand the market from an outsider standpoint with no prior knowledge.