In terms of revenue, the global bitumen sprayer market was worth US$ 132.40 million in 2022. This market is expected to reach a market value of US$ 181.42 million by 2032, growing at a 3.2% CAGR.
Demand for road construction equipment is increasing for a variety of reasons. First, the number of smart cities is increasing, followed by urbanisation and increased government spending on road and highway construction. Road construction businesses benefit from investing in such powerful machinery since it allows for speedy and efficient manufacturing and building processes.
Bitumen sprayer does not require skilled worker to operate, which is an important parameter that makes it a preferred choice across the industry. Increasing rate of civil construction (road) across the globe is poised to surge demand for bitumen sprayers. Construction industry in rural area has now turned towards adoption of new and advanced means, creating demand for technology efficient equipment such as bitumen sprayers.
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Global Bitumen Sprayer Market: Market Dynamics
The major factors which drives the growth of global bitumen sprayer market are increasing urbanization in developed as well as in developing countries. Furthermore growth in transportation facilities in recent years is also among factors driving global bitumen sprayer market. Significant public investments in infrastructure have been witnessed in developing nations such as India and South Africa which creates growth opportunities in these markets.
Increasing use of alternate and durable road manufacturing material like cement can be a restraint for the global bitumen sprayer market.
Global Bitumen Sprayer Market: Regional outlook
Asia Pacific is expected to hold maximum share in the global bitumen sprayer market, followed by North America and Latin America. Western Europe and Eastern Europe market are estimated to witness steady demand for bitumen sprayers.
Global Bitumen Sprayer Market: Key Players
Key players of global bitumen sprayer market involves:
- Shitla Road Equipment
- Ashitech Bitumen Sprayer machinery
- ATLAS Equipments
- Kaushik Engineering Works
- Higgins Group Holdings Limited.
- Rock and Road Bitumen
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global Bitumen Sprayer Market: Segmentation
Global bitumen sprayer market can be segmented on the basis of capacities, spray bar system and by the geographic region.
Segmentation based on capacities
Segmentation based on spray bar system
- Single spray bar fitted with single row of nozzles
- Single spray bar fitted with two or more than two rows of nozzles
- Dual spray bar fitted with single row of nozzle in each bar
- Telescopic spray bars fitted with a single row of nozzle
- Telescopic spray bars fitted with two or more rows of nozzles.
Segmentation based on the region
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific
- Middle East Africa
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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