Middle East & Africa Asphalt Paver Market Forecast to 2031 - Regional Analysis - by Type (Wheeled Asphalt Pavers and Tracked Asphalt Pavers) and Paving Width (Below 2.5 Meter, 2.5 to 5 Meter, and Above 5 Meter)

Description

List of Tables

The Middle East & Africa asphalt paver market was valued at US$ 153.17 million in 2023 and is expected to reach US$ 210.35 million by 2031; it is estimated to register a CAGR of 4.0% from 2023 to 2031.

Development and Emergence of Electric Asphalt Paver Bolster Middle East & Africa Asphalt Paver Market

The construction industry, associated with noise, emissions, and environmental impact, is undergoing a shift toward sustainability and a lower carbon footprint in response to the global call for greener building practices. Electric asphalt pavers can offer various benefits, such as reduced carbon emissions, reduced noise, and low maintenance costs. Several key companies in the market are engaged in the development of electric asphalt pavers. In April 2023, LeeBoy developed and introduced the first electric asphalt paver, named 8520C E-Paver, as a prototype model. This product is developed by the use of General Motors's (GM's) electric drive system. The prototype model runs on a 48-kWh battery and 150 kW electric drive motor.

In October 2022, Dynapac, the renowned construction equipment developer, announced the launch of SD1800W e with the electric drive system consisting of a highly efficient 3-phase permanent magnet synchronous motor. Hence, such initiatives towards the development of electric asphalt paver in the future are expected to be the key future trend in the Middle East & Africa asphalt paver market.

Middle East & Africa Asphalt Paver Market Overview

The asphalt paver market in the MEA is segmented into South Africa, Saudi Arabia, and the UAE. The MEA is projected to witness rapid growth in commercialization and industrialization in the coming years. These above-mentioned countries are economically developed, while the African countries are yet to match their economic situation. Countries such as the UAE, Kuwait, Saudi Arabia, Qatar, and Bahrain are investing considerably in infrastructure projects to address rapidly growing population demands. Both private and government construction players are working together to cater to infrastructure demands and record high revenues. In 2022, the Qatar government announced the Transportation Master Plan 2050. The 2050 Plan is a road map for investing in land transportation infrastructure. The construction sector will play a crucial role in delivering key components of this plan, such as the 37 proposed projects to develop the main road network, the 30 projects to develop the main public transit network, and the expansion of facilities to support the transition to sustainable transportation. Moreover, in 2023, Bahrain invested US$ 29.5 million for nine infrastructure projects with a prominent focus on road improvement. In addition, in 2024, Bahrain's Ministry of Works (MOW) announced a project to widen the Nation's highways and secondary roads, which includes servicing links and service roads. Such government projects are driving the demand for asphalt pavers in the region.

Middle East & Africa Asphalt Paver Market Revenue and Forecast to 2031 (US$ Million)

Middle East & Africa Asphalt Paver Market Segmentation

The Middle East & Africa asphalt paver market is categorized into type, paving width, and country.

Based on type, the Middle East & Africa asphalt paver market is bifurcated into wheeled asphalt pavers and tracked asphalt pavers. The tracked asphalt pavers segment held a larger market share in 2023.

In terms of paving width, the Middle East & Africa asphalt paver market is categorized into below 2.5 meter, 2.5 to 5 meter, and above 5 meter. The above 5 meter segment held the largest market share in 2023.

By country, the Middle East & Africa asphalt paver market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa asphalt paver market share in 2023.

AB Volvo, Astec Industries Inc, Caterpillar Inc, Sany Heavy Industry Co Ltd, Sumitomo Corp, XCMG Construction Machinery Co Ltd, Deere & Co, FAYAT GROUP, and Leeboy are some of the leading companies operating in the Middle East & Africa asphalt paver market.

Product Code: BMIRE00031414

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Middle East & Africa Asphalt Paver Market Landscape

4.1 Overview
4.2 Ecosystem Analysis

5. Middle East & Africa Asphalt Paver Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Urbanization with Government Investments in Highways Construction Drives Market Growth
- 5.1.2 Rapid Urbanization
5.2 Market Restraints
- 5.2.1 High Cost of Manufacturing Asphalt Pavers and High Maintenance Cost Hinder the Market Growth
5.3 Market Opportunities
- 5.3.1 Technological Advancements in Asphalt Pavers
- 5.3.2 Key Strategic Initiatives by Market Players
5.4 Future Trends
- 5.4.1 Development and Emergence of Electric Asphalt Paver
5.5 Impact of Drivers and Restraints:

6. Middle East & Africa Asphalt Paver Market - Middle East & Africa Analysis

6.1 Middle East & Africa Asphalt Paver Market Revenue (US$ Million), 2021-2031
6.2 Middle East & Africa Asphalt Paver Market Forecast Analysis

7. Middle East & Africa Asphalt Paver Market Analysis - by Type

7.1 Wheeled Asphalt Pavers
- 7.1.1 Overview
- 7.1.2 Wheeled Asphalt Pavers: Middle East & Africa Asphalt Paver Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Tracked Asphalt Pavers
- 7.2.1 Overview
- 7.2.2 Tracked Asphalt Pavers: Middle East & Africa Asphalt Paver Market - Revenue and Forecast to 2031 (US$ Million)

8. Middle East & Africa Asphalt Paver Market Analysis - by Paving Width

8.1 Below 2.5 Meter
- 8.1.1 Overview
- 8.1.2 Below 2.5 Meter: Middle East & Africa Asphalt Paver Market - Revenue and Forecast to 2031 (US$ Million)
8.2 2.5 to 5 Meter
- 8.2.1 Overview
- 8.2.2 2.5 to 5 Meter: Middle East & Africa Asphalt Paver Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Above 5 Meter
- 8.3.1 Overview
- 8.3.2 Above 5 Meter: Middle East & Africa Asphalt Paver Market - Revenue and Forecast to 2031 (US$ Million)

9. Middle East & Africa Asphalt Paver Market - Country Analysis

9.1 Middle East & Africa
- 9.1.1 Middle East & Africa Middle East & Africa Asphalt Paver Market Overview
- 9.1.2 Middle East & Africa: Middle East & Africa Asphalt Paver Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.1 Middle East & Africa: Middle East & Africa Asphalt Paver Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.2 South Africa: Middle East & Africa Asphalt Paver Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.2.1 South Africa: Middle East & Africa Asphalt Paver Market Breakdown, by Type
    - 9.1.2.2.2 South Africa: Middle East & Africa Asphalt Paver Market Breakdown, by Paving Width
  - 9.1.2.3 Saudi Arabia: Middle East & Africa Asphalt Paver Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.3.1 Saudi Arabia: Middle East & Africa Asphalt Paver Market Breakdown, by Type
    - 9.1.2.3.2 Saudi Arabia: Middle East & Africa Asphalt Paver Market Breakdown, by Paving Width
  - 9.1.2.4 UAE: Middle East & Africa Asphalt Paver Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.4.1 UAE: Middle East & Africa Asphalt Paver Market Breakdown, by Type
    - 9.1.2.4.2 UAE: Middle East & Africa Asphalt Paver Market Breakdown, by Paving Width
  - 9.1.2.5 Rest of Middle East & Africa: Middle East & Africa Asphalt Paver Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.5.1 Rest of Middle East & Africa: Middle East & Africa Asphalt Paver Market Breakdown, by Type
    - 9.1.2.5.2 Rest of Middle East & Africa: Middle East & Africa Asphalt Paver Market Breakdown, by Paving Width

10. Competitive Landscape

10.1 Company Positioning & Concentration
10.2 Heat Map Analysis

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions

12. Company Profiles

12.1 AB Volvo
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Astec Industries Inc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Caterpillar Inc
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Sany Heavy Industry Co Ltd
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Sumitomo Corp
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 XCMG Construction Machinery Co Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Deere & Co
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 FAYAT GROUP
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Leeboy
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners