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Asphalt Mixing Plants Market Share
Asphalt Mixing Plants industry seem to be highly fragmented in nature due to presence of numerous local and global players across the globe. In 2023, the combined revenue share of the listed players collectively held around 15%-20% of the market. These players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
Asphalt Mixing Plants Market Companies
Major players operating in the asphalt mixing plants industry are:
- Ammann Group Holding AG
- Astec Industries, Inc
- BENNINGHOVEN GmbH & Co. KG
- CMI Roadbuilding Limited
- Fayat Group
- Gencor Industries, Inc.
- LINTEC & LINNHOFF Holdings Pte Ltd
- MARINI S.p.A.
- NFLG Inc.
- Nikko Co., Ltd.
- Parker Plant Limited
- Tietuo Machinery Co., Ltd.
- WIRTGEN GROUP
- XCMG Group
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
Who are the top manufacturers operating in the asphalt mixing plants market?
Leading asphalt mixing plants industry players are Ammann Group Holding AG, Astec Industries, Inc, BENNINGHOVEN GmbH & Co. KG, CMI Roadbuilding Limited, Fayat Group, Gencor Industries, Inc., LINTEC & LINNHOFF Holdings Pte Ltd., MARINI S.p.A., NFLG Inc., Nikko Co., Ltd., Parker Plant Limited, Tietuo Machinery Co., Ltd., WIRTGEN GROUP, and XCMG Group
What is the size of the asphalt mixing plants market?
The market valuation of the asphalt mixing plants was reached USD 3.5 billion in 2023 and is set to expand at over 4.3% CAGR between 2024 and 2032, attributed to the ongoing infrastructure development initiatives undertaken by governments and private entities.
How big is the North America asphalt mixing plants industry?
North America asphalt mixing plants market recorded USD 1 billion in revenue in 2023 and is projected to be worth USD 1.9 billion by 2032, owing to the increasing government investments in infrastructure development projects, including roadways, highways, bridges, and airports.
Why is the demand for stationary asphalt mixing plants increasing?
Stationary asphalt mixing plants market size crossed USD 1 billion in 2023 and is poised to generate USD 2.16 billion by 2032, owing to the high production capacity and continuous operation, making them suitable for large-scale projects and long-term production requirements.