Asphalt mixing plants market – usd 7 billion revenue by 2024

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Asphalt Mixing Plants Market to hit 7bn by 2024
Fractovia.org
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Key Insights of Asphalt Mixing Plants Market

• Increasing road construction development across
  the globe is one of key factors that may
  positively favor asphalt mixing plants market. To
  fulfil the increasing demand for superior roads,
  players in Asphalt Mixing Plants Market are
  continuously engaged in developing new and more
  sophisticated products, while simultaneously
  upgrading their existing plants with the
  incorporation of new systems. The use of
  innovative technology on existing plants is
  likely to enhance their working efficiency.
  Growing developments in asphalt plant technology
  are thus, slated to provide benefits to the user
  in terms of energy efficiency, which may favor
  the asphalt mixing plants industry growth over
  the years ahead. Asphalt mixing plants market
  having had a revenue of USD 6.6 billion in 2016,
  will exhibit an annual growth rate of 1.4 over
  the period of 2017-2024.
• The deployment of strict environmental norms for
  emission control has directed manufacturers to
  design new technologies for meeting the upgraded
  emission control regulations. For instance, ADM
  has designed a new counterflow system to redirect
  the generated gases to the combustion zone of the
  drum.

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Continued

• Asphalt Drum Mixers Inc. (ADM), has also
  developed EX120 asphalt plant to accomplish the
  rising demand for portable counterflow plants
  pertaining to their capability to process a
  significantly large percentage of recycled
  asphalt pavement (RAP). As per a research study,
  portable asphalt mixing plants market will
  register an annual growth rate of 1.5 over the
  coming seven years.
• Key market players are planning to expand their
  business space across North America, since
  contractors across this region have been
  intensely looking out for opportunities to
  increase the percentage of RAP in plant mixes.
• Ammann, one of the global leaders in asphalt
  mixing plants market has been continuously
  demonstrating its energy efficient advancements
  in asphalt plants, which has proved to
  substantially impel U.S. industry. The increasing
  infrastructure development across the U.S., is
  likely to propel North America asphalt mixing
  plants industry share, pertaining to the
  expanding construction market.

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U.S. asphalt mixing plants market size, by
process, 2013 - 2024 (USD Million)

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Continued.

• Manufacturers are mainly focusing on plant
  mobility, issues related to the use of RAP, and
  improved mix control to develop advanced plants.
  On one hand, the participants in asphalt mixing
  plants market are continuously involved in the
  development of material quality and new grades of
  mixes.
• On the other hand, upgradation of plants is
  likely to enhance safety features for the
  operator, which will, in turn, boost the demand
  for next generation asphalt mixing plants.
• The prominent players in asphalt mixing plants
  industry are Speedcrafts Limited, Benninghoven,
  LINTEC Corporation, AMMANN Group, DELTA Group,
  ASTEC, MARINI S.p.A, and Nikko Company Ltd.
  Globally, asphalt mixing plants market is slated
  to surpass a revenue collection of USD 7 billion
  by the end of 2024.

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