Asphalt Pavers Market Report 2026

The asphalt pavers market size has grown rapidly in recent years. It will grow from $2.62 billion in 2025 to $2.89 billion in 2026 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to expansion of highway and urban road construction, growth in commercial paving projects, increased mechanization of road construction activities, rising demand for high-quality pavement finishes, improvements in paver durability and performance.

The asphalt pavers market size is expected to see strong growth in the next few years. It will grow to $4.23 billion in 2030 at a compound annual growth rate (CAGR) of 10%. The growth in the forecast period can be attributed to increasing adoption of smart paving technologies, rising investments in urban infrastructure modernization, expansion of electric and hybrid construction equipment, growing demand for high-productivity paving solutions, increased focus on emission reduction in construction machinery. Major trends in the forecast period include increasing adoption of automated and sensor-based paving systems, rising demand for high-precision screed technologies, growing use of fuel-efficient asphalt pavers, expansion of compact pavers for urban projects, enhanced focus on surface quality and uniform compaction.

The rising investments in the infrastructure sector are expected to drive the growth of the asphalt paver market in the coming years. Investments in this sector encompass financing and development initiatives targeting essential physical structures such as roads, bridges, utilities, and telecommunications to support economic development and societal needs. These investments create demand for road construction and maintenance projects, thereby increasing opportunities for asphalt paver products and services. For example, in July 2024, the UK’s Office for National Statistics reported that total infrastructure sector investment reached $18 billion (£13.8 billion) in constant prices in 2023, marking a 3.9% increase from 2022. The estimated net stocks of infrastructure were $456.9 billion (£350.2 billion) in constant prices for 2023, reflecting a 0.3% rise compared to the previous year. Consequently, the growing infrastructure investments are fueling the expansion of the asphalt paver market.

Companies in the asphalt paver market are focusing on technological innovations to enhance precision, operational efficiency, and sustainability. 3D paving technology, for instance, is an automated construction solution that uses remote sensing and milling control systems to optimize paving operations. In September 2024, Roos Groep, a Netherlands-based road construction company, launched a fully electric slipform paver aimed at reducing fossil fuel dependence and lowering carbon emissions. Equipped with Leica Geosystems' MC1 3D machine control solution, which utilizes dual GNSS for heading and a total station for precise height control, the paver achieves millimeter-level accuracy. This technology integration enables Roos Groep to optimize energy efficiency, reduce operational downtime, and improve overall paving performance.

In January 2025, SMT, an Africa-based road construction solutions provider, entered into a strategic partnership with Dynapac to strengthen its asphalt paver offerings across 17 markets in West and Central Africa. Through this collaboration, SMT aims to enhance its road construction capabilities by leveraging Dynapac’s expertise in asphalt pavers, rollers, and milling equipment. Dynapac is a Germany-based company specializing in road construction machinery, including asphalt pavers, rollers, and milling equipment.

Major companies operating in the asphalt pavers market are Caterpillar Inc. (CAT), Joseph Vögele AG (Wirtgen Group / John Deere), ABG Maschinenfabrik GmbH, Volvo Construction Equipment, Dynapac, Bomag GmbH (Fayat Group), Roadtec (Astec Industries Inc.), Weiler Corporation, VT LeeBoy Inc., Ammann Group, XCMG Construction Machinery Co. Ltd., SANY Heavy Industry Co. Ltd., Zoomlion Company Limited, Guangxi LiuGong Machinery Co. Ltd., Sumitomo Construction Machinery Co. Ltd., Shantui Construction Machinery Co. Ltd., Sakai Heavy Industries Ltd., CMI Roadbuilding, Hanta Machinery Co. Ltd., Mauldin Paving Products (L.B. Performance), Phoenix Engineering, MARINI (Fayat Group), UNITER Engineering Products.

Asia-Pacific was the largest region in the asphalt pavers market in 2025. The regions covered in the asphalt pavers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the asphalt pavers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The asphalt pavers market consists of sales of asphalt mixing plant machine, motor grader, road roller, compactor, hydraulic controller, drive tracks, hopper, feeding conveyor, and wheel tractor-scraper. 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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