Asphalt Mixing Plants Global Market Report 2024

The asphalt mixing plants market size has grown steadily in recent years. It will grow from $6.6 billion in 2023 to $6.79 billion in 2024 at a compound annual growth rate (CAGR) of 2.8%. The growth observed in the historical period can be ascribed to developments in infrastructure, trends in urbanization, adherence to environmental regulations, and prevailing global economic conditions.

The asphalt mixing plants market size is expected to see steady growth in the next few years. It will grow to $7.52 billion in 2028 at a compound annual growth rate (CAGR) of 2.6%. The anticipated growth in the forecast period can be linked to the advancement of smart infrastructure, the implementation of circular economy initiatives, the trends in e-mobility, global connectivity, and an emphasis on resilience and disaster preparedness. Noteworthy trends in the forecast period encompass the adoption of digital twin technology, ongoing technological advancements, innovation in materials, customization and flexibility, and the promotion of collaborative supply chains.

The anticipated upsurge in infrastructure investments is poised to drive the growth of the asphalt mixing plants market in the foreseeable future. Infrastructure investment involves allocating financial resources for the construction, maintenance, and enhancement of physical structures that contribute to social and economic well-being. Asphalt mixing plants are integral to infrastructure development, playing a vital role in the construction and upkeep of roads, highways, airports, and other transportation networks. As an illustration, in May 2023, a report by The Office for National Statistics, a UK-based government department, revealed that the value of infrastructure construction for new projects reached $37.96 billion in 2021, with roads and railways accounting for 61.1% of all new work and experiencing significant growth rates of 93.4% and 88.7%, respectively, in 2021. Consequently, the surge in infrastructure investments propels the growth of the asphalt mixing plants market.

The ongoing trend of increasing urbanization is set to contribute to the growth of the asphalt mixing plants market in the foreseeable future. Urbanization involves the migration of populations from rural areas to urban or metropolitan regions, resulting in the expansion and development of cities and towns. Asphalt mixing plants play a pivotal role in facilitating urbanization by supporting road construction and expansion, providing durable and smooth road surfaces, minimizing vehicle wear and tear, reducing noise, offering flexibility and adaptability, controlling dust and mud, improving drainage, and ensuring rapid traffic flow. For example, as of January 2022, the United States Department of Commerce reported that the population in the US had reached 332,403,650 in 2022, indicating a 0.21% increase from 2021. Consequently, the upward trajectory of urbanization is propelling the growth of the asphalt mixing plants market.


Product innovations stand out as a prominent trend gaining traction in the asphalt mixing plants market, with major companies actively pursuing new product development to maintain their competitive positions. For example, in February 2021, Wirtgen Group, a Germany-based machinery industry company, introduced the KMA 240 - a novel mobile cold mixing plant designed for sustainable recycling. Capable of processing 240 tons of mix per hour from diverse building materials in an eco-friendly manner, this innovative plant significantly contributes to the incorporation of recycled building materials into road construction processes as high-quality mixes. The KMA 240 features a flatbed semitrailer with its engine unit installed.

Major players in the asphalt mixing plants market are also driving product development with offerings such as advanced asphalt mixing plants integrated with 5G+ industrial internet technology to secure a competitive edge. The term '5G+ industrial internet' refers to the integration of 5G technology with the industrial internet, establishing a robust ecosystem for industrial applications. For instance, in March 2021, D&G Machinery Technology Co. Ltd., a China-based company specializing in asphalt mixing plant manufacturing, unveiled the DGR4000 plant. Equipped with 5G+ industrial internet technology, this plant offers real-time control and monitoring, data services, network management, mobile data services, and remote maintenance. The synergy of 5G and the industrial internet is expected to significantly enhance the efficiency of asphalt mixing plants, leading to cost savings and overall performance improvement. This innovative technology leverages 5G, machine learning, and computer-aided drug design to expedite the asphalt mixing process.

In April 2022, Astec Industries Inc., a US-based machinery industry company, completed the acquisition of Minds Inc. for $19.3 million. This strategic move empowers the Minds team to collaborate with Astec in advancing the Rock to Road digital platform, automation, and control technologies. Minds Automation Group Inc., the acquired entity, is a Canada-based automation machinery company specializing in advanced asphalt plant control systems.

Major companies operating in the asphalt mixing plants market report are Zoomlion Heavy Industry Science & Technology Co. Ltd., Marini s.p.a, Sany Heavy Industry Co. Ltd., Terex Corporation, Astec Industries Inc., Aimix Group Co. Ltd., GP Gunter Papenburg AG, Ammann Group Holding AG, Nikko Company Limited, The Benninghoven GmbH & Co. KG, Gencor Industries Inc., Speed Crafts Limited, Speco Limited., Atlas Technologies Pvt. Ltd,Kaushik Engineering Works, Fujian Tietio Machinery Co. Ltd, Capious Roadtech Pvt Ltd., Atlas industries, ADM Asphalt Drum Mixers Inc., Parker Plant Ltd., Stepp Manufacturing Co. Inc., Lintec & Linnhoff Holdings Pte Ltd, Stansteel and Hotmix Parts & Service , Kredmash Ltd, Solmec Earthmovers Pvt. Ltd., NFLG Inc, ALmix Asia, Fabhind Private Limited, D&G Machinery, DMI Asphalt Equipment LLC.

North America was the largest region in the asphalt mixing plants market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the asphalt mixing plants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the asphalt mixing plants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Asphalt mixing plants come in various types, including batch mix, drum mix, and continuous mix. Portable asphalt mixing plants, specifically, are compact facilities used for producing asphalt mixtures. These plants are designed to occupy minimal space and have a small footprint. The primary processes involved in asphalt mixing plants are batch and continuous, with different capacities available, such as below 50T/H, 50-150T/H, 151-300T/H, and above 300T/H. These plants find applications in various construction projects, including road construction, parking lots, pedestrian paths, and bridges.

The asphalt mixing plants market research report is one of a series of new reports that provides asphalt mixing plants market statistics, including asphalt mixing plants industry global market size, regional shares, competitors with a asphalt mixing plants market share, detailed asphalt mixing plants market segments, market trends and opportunities, and any further data you may need to thrive in the asphalt mixing plants industry. This asphalt mixing plants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The asphalt mixing plant market consists of sales of cold aggregate supply system, drum dryer, coal burner, coal feeder, dust collector, hot aggregate elevator, vibrating screen, filler supply system, weighing and mixing system, asphalt storage, and bitumen supply system. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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