The Asphalt Pavers Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Asphalt Pavers Market?
The market size of asphalt pavers has experienced significant expansion lately. The market value escalated from $2.4 billion in 2024 to $2.67 billion in 2025, showing a compound annual growth rate (CAGR) of 11.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Asphalt Pavers Industry?
The Asphalt Pavers Global Market Report forecasts that by 2029, the market will expand to a size of $4.03 billion, growing at a compound annual growth rate (CAGR) of 10.8%.
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What are the Key Growth Drivers Fueling the Asphalt Pavers Market?
The key drivers in the asphalt pavers market are:
• The launch of smart infrastructure initiatives
• Increased participation in renewable energy projects
• Expansion in residential construction activities
• Rising need for sustainable solutions and upgrading of aging infrastructure
Global Market Segmentation: Identifying Major Asphalt Pavers Industry Segments
The asphalt pavers market covered in this report is segmented –
1) By Type: Track Pavers, Wheel Pavers, Screeds
2) By Paving Width: Less Than 2.5 Meters, 2.5 - 5 Meters, More Than 5 Meters
3) By Technology: Hydrostatic, Mechanical
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What are the Emerging Trends Shaping the Future of the Asphalt Pavers Market?
The key trends in the asphalt pavers market are:
• Electric and hybrid pavers are a significant emerging trend.
• Remote monitoring and maintenance of asphalt pavers is increasingly shaping the future.
• Customization and versatility of pavers is a major factor driving the market.
• The integration of safety features in asphalt pavers is a growing trend.
Who Are the Top Competitors & Leading Players in the Asphalt Pavers Market?
Major companies in the asphalt pavers market are:
• Liebherr Group
• Caterpillar Inc.
• Deere & Company
• AB Volvo
• Roadtec Inc.
• Komatsu Ltd.
• CNH Industrial Inc.
• Joseph Vögele AG
• XCMG Construction Machinery Company Ltd.
• Sany Heavy Industries Limited
• Hitachi Construction Machinery Co. Ltd.
• Zoomlion Company Limited
• Fayat Group
• Ingersoll Rand
• Guangxi LiuGong Machinery Co. Ltd.
• New Holland Construction
• Wirtgen Group
• Astec Industries Inc.
• Bomag GmbH
• Sakai Heavy Industries Ltd.
• Weiler Corporation
• Ammann Group
• VT LeeBoy Inc.
• Sumitomo Construction Machinery Co. Ltd.
• Shanghai Zenith Machinery Co. Ltd.
• Hamm Maschinenfabrik GmbH
• ABG Maschinenfabrik GmbH
• CASE Construction Equipment
• HD Hyundai Infracore Co. Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the asphalt pavers market in 2024
