888-776-0942 from 8 AM - 10 PM ET
NEW YORK , June 6, 2022 /PRNewswire/ -- The "Asphalt Pumps Market by Product (Gear pumps, Screw pumps, and Vane pumps) and Geography (APAC, North America , Europe , South America , and Middle East and Africa ) - Forecast and Analysis 2022-2026" will be driven by factors such as increasing investments in road infrastructure projects. Asphalt is primarily used in roadway and highway pavements. It is mixed with aggregates and other additives to overlay a road. Moreover, it is preferred in road and highway construction owing to its significant strength and durability, thermoplastic nature, and waterproofing properties.
The potential growth difference for the asphalt pumps market size between 2021 and 2026 is USD 70.71 million . To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
The increasing investments in road infrastructure projects are driving the asphalt pumps market growth. For instance, in the US, the total investment in new transport infrastructure increased by 12.4% from 2016 to 2019. In addition, according to the data from the Organization for Economic Co-operation and Development (OECD), annual investment in the transportation infrastructure industry grew by more than 37% during this period in China .
The availability of substitutes for asphalt is challenging the asphalt pumps market growth. Geopolymer cement concretes are considered alternatives to regular concretes. They are made using waste materials such as fly ash, ground granulated blast furnace slag, and silica fume. They exhibit high durability with enhanced resistance to chloride penetration and acid attack. Geopolymer cement concretes are used to construct pavements, water tanks, buildings, roadways, and highways.
To learn about additional key drivers, trends, and challenges available with Technavio. Read our Sample Report right now!
The asphalt pumps market report is segmented by product into gear pumps, screw pumps, and vane pumps. The gear pumps segment will have significant market share growth during the forecast period. Gear pumps are mainly used in asphalt transfer, asphalt roofing, and asphalt emulsion applications. The rising rate of mechanization in the oil and gas downstream industry and construction industry are driving the growth of the segment.
Moreover, globalization and urbanization have encouraged the asphalt industry to become more mechanized and less labor-intensive. This has led to the increased use of equipment such as gear pumps. Such factors are expected to boost the market growth during the forecast period.
By geography (APAC, North America , Europe , South America , and Middle East and Africa. APAC will be the leading region with 46% of the market's growth during the forecast period. China and Japan are the key countries for the asphalt pumps market in APAC.
View our sample report for additional insights into the contribution of all the segments and regional opportunities in the report.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
Sheet Metal Fabrication Services Market by End-user and Geography - Forecast and Analysis 2022-2026
Sawmill Machinery Market by Product and Geography - Forecast and Analysis 2022-2026
Accelerate at a CAGR of 4.7%
APAC, North America, Europe, South America, and Middle East and Africa
US, China, Japan, Germany, and France
Leading companies, Competitive strategies, Consumer engagement scope
AJAY ENGINEERING, Apollo Mechanical Industries, Botou Saiken Pumps Co. Ltd., CIRCOR International Inc., DESMI AS, Dover Corp., Erich NETZSCH GmbH and Co. Holding KG, Fluid Tech Systems, Gebr. Steimel GmbH and Co., Hebei Yuandong Pumps Manufacturing Co. Ltd., IDEX Corp., Kracht Corp., Leistritz Advanced Technologies Corp., Roto Pumps Ltd., ShriMaruti Precision Engineering Pvt. Ltd., SPX FLOW Inc., TriRotor Inc., ULTRA POMPE Srl, Victor Pumps Srl, and Zhejiang Shanggui Pump Industry Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email:[email protected] Website: www.technavio.com/
More news releases in similar topics
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET