Industry Background:
Asphalt milling is a cost-effective solution for restoring asphalt pavements and is often used as a substitute for complete construction and repaving. The procedure entails scraping down an asphalt surface to make it smooth and even for repaving. As asphalt milling equipment advanced, it became a reliable route for paving contractors to sell businesses and communities low-cost, long-term surface restorations. Now that asphalt milling machinery has improved, it has been a safe route for paving contractors to offer inexpensive and long-term surface restorations for businesses and municipalities. Asphalt is also recycling-friendly. The asphalt milling machine is used for the milling of asphalt and concrete. The variety of applications of the machine includes everything from full asphalt and concrete removal to layer-by-layer asphalt and concrete removal and leveling. Many times, Asphalt Milling machines are bought by big infrastructure companies, and also, they are generally rented for the work. They are essential tools for completing asphalt milling efficiently.This growth is primarily driven by Need of Asphalt Pavement Restoration
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Key Companies in Study | John Deere (United States), CMI Roadbuilding Limited (United Kingdom), Wirtgen Group (Germany), Caterpillar (United States), XCMG (China), Astec Industries (United States), Bomag (Germany), Dynapac (Sweden), Huatong Kinetics (China) and LiuGong (China) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Industrial Machinery sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as John Deere (United States), CMI Roadbuilding Limited (United Kingdom), Wirtgen Group (Germany), Caterpillar (United States), XCMG (China), Astec Industries (United States), Bomag (Germany), Dynapac (Sweden), Huatong Kinetics (China) and LiuGong (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On July 14th, 2020, expanding on its established lineup of attachments, John Deere unveiled its new CP18E, CP24E, and CP30E cold planers. These new attachment offerings help operators who work on street repairs, leveling uneven pavement, texturing pavement, and cleaning around larger milling machines. The CP18E, CP24E, and CP30E are compatible with John Deere skid steers and compact track loaders, as well as equipment offered by competitors.
Regulatory Insights:
According to the New Jersey Department of Environmental Protection, Any selected use of asphalt millings must be consistent with other applicable or relevant Federal, State or local laws or regulations. If a proposed use does not comply with other applicable laws, the user would not be approved by the Department and thus would be considered to be landfilling with illegal materials and creating an illegal landfill. Those responsible for implementing any proposed use for asphalt millings must identify all applicable and relevant laws and regulations and may seek assistance from the Department.
Market Drivers
- Need of Asphalt Pavement Restoration
- Cost-Effectiveness of Asphalt Milling as Compared to Other Methods
Market Trend
- Growing Innovation in Development of Asphalt Milling Machine
Restraints
- High Cost Associated with Asphalt Milling Machines
Opportunities
Increasing Infrastructure Spending of Developing Nations and Growing Consumption of Vehicles Will Ultimately Boost the Demand for Asphalt Milling Machines
Challenges
Need of Training for Operating the Machine and Transportation of Asphalt Milling Machine is Challenging
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Asphalt Milling Machines Study Sheds Light on
The Asphalt Milling Machines Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Asphalt Milling Machines industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Asphalt Milling Machines industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.