Mr. Nikhil Kaitwade, Research Head – Industrial Goods at Fact.MR discusses latest trends shaping Europe’s asphalt pavers marketplace
A consolidated landscape of construction equipment presents hegemony of a handful of prominent players that hold significant influence on the global revenues generated from the industry. Asphalt pavers, being the most important equipment required in the construction of transportation infrastructure such as roads and highways, rising emphasis on the construction of road infrastructures has increased demand for asphalt pavers.
Across the globe, road infrastructures are improving in a bid to reach the goals of socioeconomic growth by strengthening connectivity through transportation infrastructure. Monetary assistance from national governments and World Bank has increased in recent past to strengthen connectivity between urban and rural areas through roads and highways.
While North America presents significant market for asphalt pavers, developing countries in Asia Pacific are projected to witness rapid growth on the back of road and highway infrastructure projects underway. Europe registers the second largest demand for asphalt pavers across global regions against the backdrop of improving road infrastructure and growing emphasis of road safety programs.
Where is the demand for asphalt pavers consolidated in Europe?
Spain and France represent significant demand for asphalt pavers. The countries are engaged in developing their transportation environment by adopting modern tramways. Further, an increasing number of automobiles on road has led them to improve transport infrastructure to improve traffic circulation, renovated downtowns and more convenient transportation network. Also, investments in non-residential infrastructures have increased, thereby ensuring a steady demand for construction equipment including asphalt pavers.
What is the future of asphalt pavers market in Europe?
The EU is actively engaged in strengthening road infrastructure. By increasing the network of national road infrastructure, the EU is aiming to improve trade activities and flow of people between EU countries. Under the project of Trans-European Transport Network (TEN), EU is planning to construct 90,000 km of high-quality roads and motorways by 2020. After 2016, the European Commission has proposed general road safety standards that include up-gradation of road signs and road marking across Europe roads. Such greater strides to strengthen the road connectivity in Europe and a number of projects underway, demand for asphalt pavers is set to remain steady in the coming years.
What services are offered by manufacturers of asphalt pavers in Europe?
As nation-wise emission standards and transportation regulations differ across world regions, construction equipment giants have adopted region specific modifications in the machines to enter and maintain sustenance in the market. In addition to fuel consumption, crew efficiency, maintenance expense and resale value, manufacturers are engaged in incorporating engines with EU Tier IV compliance and offering innovative Eco-Mode to increase the average life cycle of the machine. Also, end-users in Europe are embracing real-time monitoring of operational efficiency, thereby providing opportunities for advanced asphalt paving machines in the region.
What can be the reasons responsible for the preference for mid-sized asphalt paving machines in the European market?
Construction companies continue to seek minimum investment and maximum functional output while choosing the construction equipment and services. In case of road infrastructure, operating weight and paving width of asphalt pavers play a crucial role in determining the end result of the project. Along the same line, stakeholders in the construction market chose economical and efficient options within which lie asphalt pavers with 1.5-2.5 m paving width and 8000-12000 kg operating weight capacity.
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