The Europe asphalt recycler market is anticipated to project a valuation of US$ 515.3 million in 2023 and further expand at a CAGR of 2.4% to reach US$ 650.9 million by the end of 2033.
The growth is attributed to the increasing asphalt recycling activities to decrease cost required for road restoration and decrease waste generation.
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Lack of Qualified Workers and High Maintenance Costs to Prevent Adoption
The design of asphalt recyclers has evolved along with changes in consumer preferences. Yet, making significant improvements to equipment design requires more money, which drives up the equipment’s cost. Manufacturers must find ways to lower the cost of their goods while boosting output and efficiency.
In addition, operators who are experts and have the required training are required for a more advanced asphalt recycler with additional electrical capabilities. Serious accidents can be caused by improper handling. Operational and safety programmes must be completed by operators. The absence of skilled operators hinders the usage of modern recyclers.
Market players are focusing on expanding their footprints in the emerging market across European regions through mergers and acquisitions. Additionally, a lot of market players are concentrating on the areas with a high population because these areas are seeing an increase in development activity. Strengthening the distribution network and long-term contracts with suppliers in non-legacy markets are also the focus of market leaders.
Key Companies Profiled:
- ANGELO BENEDETTI INC
- Bagela Baumaschinen GmbH & Co. KG
- Falcon Asphalt Repair Equipment
- KM International
- Maddock Construction Equipment
- Renova Industries
- TRADE INDUSTRIAL COMPANY AB
- By Type :
- Cold Recycler
- Hot Recycler
- By Capacity :
- Less than 4 tons/h
- 4 tons/h – 8 tons/h
- More than 8 tons/h
- By Country :
- Rest of Europe
Questionnaire answered in the report include:
- How the industry has grown?
- What is the present and future outlook on the basis of region?
- What are the challenges and opportunities?
- Why the consumption in region?
- In which year segment is expected to overtake segment?