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The Asia Pacific asphalt mixing plants industry is fragmented, with prominent players, such as Ammann Group Holding AG, Astec Industries, Inc, BENNINGHOVEN GmbH & Co. KG, CMI Roadbuilding Limited and Fayat Group holding a market share of 10-12%. These companies dominate the market due to their extensive research and development capabilities, strong global distribution networks, and strategic partnerships within the industry.
Major players operating in the Asia Pacific asphalt mixing plants industry include:
Ammann Group Holding AG, Astec Industries, Inc, BENNINGHOVEN GmbH & Co. KG, CMI Roadbuilding Limited, Fayat Group, Gencor Industries, Inc., LINTEC & LINNHOFF Holdings Pte Ltd, and MARINI S.p.A. among others.
China asphalt mixing plants market generated a substantial revenue of USD 300 million in 2023 and is expected to reach USD 500 million by 2032, owing to its massive and ongoing infrastructure development.
Asia Pacific stationary asphalt mixing plants market will expand rapidly through 2032, driven by extensive road and urban development initiatives.
Asia Pacific market for asphalt mixing plants was worth USD 1.2 billion in 2023 and is anticipated to register 4.8% CAGR between 2024 and 2032, driven by rapid urbanization and infrastructure development.