Asphalt Mixing Plants Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2022

 The global asphalt mixing plants market is anticipated to garner US$ 8.5 Billion while expanding at a CAGR of 2.4% during the forecast period. The market is estimated at US$ 6.5 Billion in 2021 and US$ 6.66 Billion in 2022. The increasing road construction activities coupled with growing infrastructural development in countries are likely to propel industry growth.

  • By Product type, the portable product segment of the Asphalt Mixing Plants segment expanded at a ~2% CAGR
  • Based on Application, the road construction segment of Asphalt Mixing Plants is estimated to record an ~2% CAGR
  • APAC region is likely to account for the majority share of nearly 3% during the forecast period
  • Europe region is estimated to gain significant traction in the market for Asphalt Mixing Plants, Germany is likely to hold the majority share.
  • In Aug 2022, Construction Partners, Inc. ROAD (the Company), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, announced the acquisition of Southern Asphalt, Inc., headquartered in Conway, South Carolina. As a result of the acquisition, the Company added two hot-mix asphalt plants and more than 200 employees in the Myrtle Beach, South Carolina metro area.
  • In Aug 2021, Berkshire Engineering Supplies (BES) and R&G Cooper (RGC) joined forces to create Bulldog Plant & Equipment Ltd, which is said to be the only business of its kind in Britain and is set to become the number one provider of large-scale production plants in the construction materials, engineering, and energy sectors.
  • In March 2022, Astec Industriesagreed to acquire MINDS Automation Group (MINDS). The firm is a leader in plant automation control systems and cloud-based data management in the asphalt industry.

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