Market Forecast By Types (Track Pavers, Wheel Pavers, Screeds), By Pavement Width (Less than 2.5 meters, 2.5-5 meters, More than 5 meters), By Technology Type (Hydrostatic, Mechanical), By Applications (Highway, Urban Road & Others), By Regions (Northern, Eastern, Western, Southern) and competitive landscape
Product Code: ETC002386 | Publication Date: Apr 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | India Asphalt Paver Market |
Forecast period | 2025-2031 |
CAGR | 7.4% |
Growing Sector | Highway |
India Asphalt Paver Market report thoroughly covers the market by Types, Pavement Width, Technology Type, Applications, and Regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The India Asphalt Paver Market is experiencing robust growth, driven by the increasing infrastructure development and road construction activities across various regions.
According to 6Wresearch, the India Asphalt Paver Market is projected to grow at a CAGR of 7.4% from 2025-2031. The highway sector is showing the strongest growth, fueled by government initiatives to improve national highways and road connectivity. Additionally, the rising demand for urban road development and the adoption of advanced paver technologies are propelling the market. The increasing investments in infrastructure projects and the development of smart cities are also contributing to market expansion.
However, the market faces challenges such as high initial costs and the need for skilled labor to operate advanced machinery. The fluctuating prices of raw materials and stringent environmental regulations also pose barriers to growth. Furthermore, the lack of standardization in technology and equipment can affect the efficiency and performance of asphalt pavers.
Leading players in the India Asphalt Paver Market include Volvo Construction Equipment, Caterpillar Inc., and Ammann Group. Volvo Construction Equipment is renowned for its innovative track pavers and wheel pavers that offer superior performance and efficiency. Caterpillar Inc. provides a wide range of asphalt pavers with advanced hydrostatic and mechanical technologies, catering to various pavement width requirements. Ammann Group is known for its high-quality screeds and pavers, which are preferred for their durability and precision in road construction.
The Indian government has launched several initiatives to boost the asphalt paver market. These include policies aimed at enhancing road infrastructure and connectivity across the country. The Pradhan Mantri Gram Sadak Yojana (PMGSY) focuses on rural road development, while the Bharatmala Pariyojana aims to improve highway networks. Additionally, the government's push for smart cities and urban development projects is driving the demand for advanced asphalt pavers. Efforts to promote sustainable construction practices and reduce emissions are also expected to support market growth.
The India Asphalt Paver Market is anticipated to witness significant growth over the next five years. Market growth is expected to be driven by technological advancements such as hydrostatic and mechanical paving systems. Growing demand for high-quality, efficient pavers for highway and urban road construction, coupled with increasing investments in infrastructure development, is expected to influence the sales of advanced paver models. In addition to this, the ongoing government initiatives to enhance road connectivity and promote sustainable construction practices will continue to drive market growth. Moreover, the rise in smart city projects and urbanization will create significant opportunities in the urban road construction segment. In brief, growth will be driven by innovation and a focus on sustainability in the market.
According to Ravi Bhandari, Research Head, 6Wresearch, track pavers are leading the market due to their superior traction and stability, making them ideal for large-scale highway projects.
Pavers with a width of 2.5-5 meters are gaining popularity because they offer versatility and are suitable for a wide range of road construction projects, from urban roads to highways.
The accuracy and speed, two main factors to get smooth pavers that are long lasting made hydrostatic pavers the choice of many.
Continuous enhancements in national highway networks and rise in government spending on road infrastructure underpins the lead of the highway sector over other sectors within federal bridge inspection market.
The Northern region has emerged as the leading performer due to largescale road construction and infrastructure projects in states of Delhi, Haryana and UP.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. India Asphalt Paver Market Overview |
3.1 India Asphalt Paver Market Revenues and Volume, 2021-2031F |
3.2 India Asphalt Paver Market Revenue Share, By Types, 2021 & 2031F |
3.3 India Asphalt Paver Market Revenue Share, By Pavement Width, 2021 & 2031F |
3.4 India Asphalt Paver Market Revenue Share, By Technology Type, 2021 & 2031F |
3.5 India Asphalt Paver Market Revenue Share, By Applications, 2021 & 2031F |
3.6 India Asphalt Paver Market Revenue Share, By Regions, 2021 & 2031F |
3.7 India Asphalt Paver Market - Industry Life Cycle |
3.8 India Asphalt Paver Market - Porter’s Five Forces |
4. India Asphalt Paver Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. India Asphalt Paver Market Trends |
6. India Asphalt Paver Market - Distribution Channel Analysis |
7. India Asphalt Paver Market - Price Trend Analysis |
8. India Asphalt Paver Market Overview, by Types |
8.1 India Track Paver Market Revenues and Volume, 2021-2031F |
8.2 India Wheel Paver Market Revenues and Volume, 2021-2031F |
8.3 India Screeds Market Revenues and Volume, 2021-2031F |
9. India Asphalt Paver Market Overview, by Pavement Width |
9.1 India Less than 2.5 meters Asphalt Paver Market Revenues and Volume, 2021-2031F |
9.2 India 2.5-5 meters Asphalt Paver Market Revenues and Volume, 2021-2031F |
9.3 India More than 5 meters Asphalt Paver Market Revenues and Volume, 2021-2031F |
10. India Asphalt Paver Market Overview, by Technology Type |
10.1 India Hydrostatic Asphalt Paver Market Revenues and Volume, 2021-2031F |
10.2 India Mechanical Asphalt Paver Market Revenues and Volume, 2021-2031F |
11. India Asphalt Paver Market Overview, by Applications |
11.1 India Asphalt Paver Market Revenue and Volumes, By Highway, 2021-2031F |
11.2 India Asphalt Paver Market Revenue and Volumes, By Urban Road, 2021-2031F |
11.3 India Asphalt Paver Market Revenue and Volumes, By Others, 2021-2031F |
12. India Asphalt Paver Market Overview, By Regions |
12.1 India Asphalt Paver Market Revenues, By Northern Region (2021-2031) |
12.2 India Asphalt Paver Market Revenues, By Southern Region (2021-2031) |
12.3 India Asphalt Paver Market Revenues, By Eastern Region (2021-2031) |
12.4 India Asphalt Paver Market Revenues, By Western Region (2021-2031) |
13. India Asphalt Paver Market - Government Initiatives / Regulations |
14. India Asphalt Paver Market - Key Performance Indicators |
15. India Asphalt Paver Market Opportunity Assessment |
15.1 India Asphalt Paver Market Opportunity Assessment, By Types 2031F |
15.2 India Asphalt Paver Market Opportunity Assessment, By Applications 2031F |
16. India Asphalt Paver Market Competitive Landscape |
16.1 India Asphalt Paver Market, By Players’ Revenue Share 2031 |
16.2 India Asphalt Paver Market, By Players’ Competitive Benchmarking, By Operating Parameters |
17 Company Profiles |
18 Key Strategic Pointers |
19 Disclaimer |