Pavement Milling Machines Market Scope
Pavement Milling Machines usually remove asphalt or concrete surface layer from existing pavement. Milling is usually performed to give smooth finishing to road or to recycle the asphalt. Reclaimed asphalt pavement are widely popular due to financial beneficial. It is mostly used to avoid reconstructing a whole new road with new products. However, pavement milling is associated with large amount of small silica dust. it is to environment as well as human health. Asia Pacific primarily India and China are investing heavily in logistics and transport infrastructure.
The Pavement Milling Machines market study is segmented by Type (Small Milling, Large Milling and Compact Milling), by Application (Concrete Pavement and Asphalt Pavement) and major geographies with country level break-up.
AB Volvo (Sweden), John Deere, Schwing GmbH (Germany), Caterpillar, Wirtgen Group (Germany), Huatong Kinetics (China), Astec Industries, CMI Roadbuilding Limited (UK), Sany Heavy Industry Co., Ltd. and Dynapac (Sweden) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are LiuGong (China) and XCMG (China).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Pavement Milling Machines market by Type, Application and Region.
On the basis of geography, the market of Pavement Milling Machines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In 2020, Volvo Construction Equipment, one of the market leaders in Construction Machinery announced selling of its Blaw-Knox asphalt paver business to Gencor Industries which is market leaders in asphalt construction equipment. The move is expected to further expand the capacity of Gencor Industries in Asphalt related equipment manufacturing.
In 2021, SCHWING Stetter India, a subsidiary of Germany based Schwing GmbH, announced opening of its 5th manufacturing facility in India. The company is a market leader in concreting equipment such as mixers, trucks in India. The new manufacturing unit will host a center of excellence adopting state of the art IOT, research and development and Automation Solutions. The new facility will be better able to address incoming industry 4.0 and help in expansion of Schwing’s market in Asean and Africa.
- Inclination towards Preferring Enhanced Focus on Durable Solutions
- Increasing Investment in Construction of New Logistics Infrastructure
- Growing Urbanization
- Recurring Investments in Repair of Old Pavements
- Asia Pacific has Huge Growth Potential Primarily Fuelled by High Infrastructure Investments by India and China
- Asphalt Pavement Milling leads to Discharge of Large Amount of Silica Dust, which has Harmful Effects on Environment
- Less Technical Understanding of Machine and Its Working in Developing Countries
Key Target AudiencePavement Milling Machine Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
Frequently asked questions:1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Pavement Milling Machines Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.