Europe Asphalt Recycler Market
Europe Asphalt Recycler Market Analysis, By Type (Cold Recycler, Hot Recycler), By Capacity (Less than 4 tons/h, 4 tons/h - 8 tons/h, More than 8 tons/h), and Country - Market Insights 2023 to 2033
Analysis of Europe Asphalt Recycler Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Europe Asphalt Recycler Market Outlook (2023 to 2033)
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.
Report Attributes | Details |
---|---|
Asphalt Recycler Market Size (2022A) | US$ 506.3 Million |
Estimated Market Value (2023E) | US$ 515.3 Million |
Forecasted Market Value (2033F) | US$ 650.9 Million |
Europe Market Growth Rate (2023 to 2033) | 2.4% CAGR |
Germany Market Growth Rate (2023 to 2033) | ~2.8% CAGR |
United Kingdom Market Share (2023) | ~18.0% |
France Market Share (2023) | ~17.0% |
NORDIC Market Growth Rate (2023 to 2033) | ~2.0% CAGR |
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 |
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Historic to Future Pathway Analysis
The first step in recycling asphalt is milling. In order to remove the uppermost layer of asphalt from a roadway, driveway, or parking lot, without affecting the sub-base, asphalt milling is a recycling and repaving technique. After being milled, the asphalt is transported to an asphalt plant where it is further screened and sized before being utilized to create new pavement.
The quality of pavement built using this resurfaced asphalt is typically superior to that of freshly constructed pavement. Asphalt has a relatively long lifespan and may be recycled and used numerous times.
- Short-Term Growth Projection (2023 to 2026): Mushrooming utilization of asphalt recycler in waste management plants positively impact the market growth.
- Medium-Term Growth Projection (2027 to 2029): Germany and UK are estimated to observe high demand for asphalt recyclers on the back of the growing focus of manufacturers on recycling to reduce cost, coupled with favorable government initiatives.
- Long-Term Growth Projection (2030 to 20330: Innovation and upgradation coupled with customization will be responsible for increased demand in the long run.
Over the 2018 to 2022 historical period, the Europe asphalt recycler market registered a CAGR of 1.3%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 2.4% CAGR between 2023 and 2033.
Market share analysis of asphalt recyclers based on maximum width and country is provided in a nutshell in the above image. Under the type segment, the hot recycler sub-segment is estimated to reach a market share of 67.0% in 2023.
“Declining Petroleum Reserves to Augment Asphalt Recycling Activities”
Asphalt can be obtained from natural deposits or as a by-product of the distillation of petroleum. Asphalt is mostly utilized for road paving, but it is also used for dam facings, canal and reservoir linings, and other harbor and marine work. Additionally, it is used in a variety of industrial items, including batteries, as well as roofs, coatings, floor tiling, soundproofing, and waterproofing.
The global consumption of crude oil is around 94 million barrels every day, out of which Europe consumes around 10 million barrels of oil every day. Around 1.65 trillion barrels of crude oil is left in the reserves and is expected to last for around 45-50 years.
The declining reserves of crude oil and the harmful effects of fossil fuel extraction are shifting people towards recycling asphalt. Recycling asphalt decreases the cost and conserves natural resources.
Pavement consists of a mixture of other recycled materials such as glass, steel, rubber, and cement and thus helps in reducing other wastes too. According to a report by NAPA, recycling asphalt saves around 46 million cubic meters of landfill space every year.
“High Cost of Maintenance and Lack of Trained Labor to Hinder Adoption”
As consumer demands have changed, so has the design of asphalt recyclers. However, making significant efforts to improve equipment design results in more spending, which raises the cost of the equipment. The challenge for manufacturers is to reduce the cost of their products while increasing productivity and efficiency.
At the same time, a more sophisticated asphalt recycler with more electronic features needs operators who are professionals and have received the necessary training. Mishandling can result in serious accidents. Operators are required to complete operational and safety programs. The use of advanced recyclers is hampered by a lack of experienced operators.
Country-wise Insights
What are the Factors Driving the Market’s Growth Across the UK?
Over 95% of all UK roads, as well as footpaths, playgrounds, bike routes, and parking lots, are surfaced with asphalt. The UK consumes almost 200 million tons of asphalt every year out of which around 56 million tons are recycled aggregates.
The UK Green Building Council estimates that the construction industry utilizes over 400 million tons of materials annually. London’s Circular Economy Route Map and the EU's Circular Economy Package both emphasize the importance of construction support for the transition towards a circular economy, which aims to maximize the lifecycle of resources as much as possible.
The UK market for asphalt recyclers is expected to grow at a CAGR of 1.2% to reach a valuation of US$ 104.1 million by 2033.
Why is the Germany Asphalt Recycler Market Expected to Be Highly Lucrative?
The total amount of hot and warm mix asphalt produced in 2020, as reported by the European Asphalt Pavement Association (EAPA), was 276.9 million tons. With 38 million tons produced in 2020, Germany was the largest producer of asphalt.
In total, 46.4 million tons of recycled asphalt were employed in 17 nations in Europe. Germany again topped the spot with 11.6 million tons or 25% of the total.
The Germany market for asphalt recyclers is predicted to reach an estimation of US$ 169.2 million by 2023.
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Category-wise Insights
Why is the Hot Asphalt Recycler Most Widely Utilized?
Hot recycling improves the composition of the aggregates in the course layer, as well as all-important surface and pavement profile parameters. Hot recycling restores inadequate skid resistance, ensures water drainage, and removes wheel ruts.
Since the hot recycling process is utilized for the restoration of damaged or broken asphalt courses, an intact layer structure is crucial. All requirements for bearing capacity and frost resistance must be fully met by the pavement structure beneath the surface course.
The hot recycler processes the prevailing road pavement and improves it by using a virgin mix when necessary. Owing to these, the demand for hot recyclers is anticipated to increase in the forecast period.
The hot asphalt recycler is estimated to be valued at US$ 345.3 Mn by the end of 2023.
Why is the Demand for Asphalt Recycler with a Capacity of More than 8 tons/h Increasing?
Urbanization, industrialization, and a growing population are increasing the demand for good and well-maintained roads. There has been an increase in the restoration activity of roads due to heavy traffic received by the roads. The asphalt pavement also gets damaged due to natural wear and tear.
Recyclers with higher capacity are able to recycle large amounts of asphalts in a short time span and help in meeting huge demands. To repair the pavements faster and cover a larger area, users prefer recyclers that are able to process large amounts of asphalt in the minimum time.
The asphalt recycler with a capacity of more than 8 tons/h is predicted to reach a valuation of US$ 169.5 Mn by the end of 2023.
Key Stratagems by Market Players
Key players in asphalt recyclers ANGELO BENEDETTI INC, Bagela Baumaschinen GmbH & Co. KG, Falcon Asphalt Repair Equipment, KM International., Maddock Construction Equipment, Renova Industries, and TRADE INDUSTRIAL COMPANY AB.
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.
Fact.MR has provided detailed information about the price points of key manufacturers of asphalt recyclers positioned across countries, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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Segmentation of Asphalt Recycler Industry Research
-
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 :
- Germany
- France
- UK
- BENELUX
- NORDIC
- Italy
- Spain
- Rest of Europe
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Europe Demand (Units) Analysis and Forecast
- 5. Europe Market - Pricing Analysis
- 6. Europe Market Value (US$ million) Analysis and Forecast
- 7. Europe Market Analysis and Forecast, By Type
- 7.1. Cold Recycler
- 7.2. Hot Recycler
- 8. Europe Market Analysis and Forecast, By Capacity
- 8.1. Less than 4 tons/h
- 8.2. 4 tons/h - 8 tons/h
- 8.3. More than 8 tons/h
- 9. Europe Market Analysis and Forecast, By Country
- 9.1. Germany
- 9.2. France
- 9.3. UK
- 9.4. BENELUX
- 9.5. NORDIC
- 9.6. Italy
- 9.7. Spain
- 9.8. Rest of Europe
- 10. Germany Market Analysis and Forecast
- 11. France Market Analysis and Forecast
- 12. UK Market Analysis and Forecast
- 13. BENELUX Market Analysis and Forecast
- 14. NORDICS Market Analysis and Forecast
- 15. Italy Market Analysis and Forecast
- 16. Spain Market Analysis and Forecast
- 17. Rest of Europe Market Analysis and Forecast
- 18. Market Structure Analysis
- 19. Competition Analysis
- 19.1. ANGELO BENEDETTI INC
- 19.2. Bagela Baumaschinen GmbH & Co. KG
- 19.3. Falcon Asphalt Repair Equipment
- 19.4. KM International
- 19.5. Maddock Construction Equipment
- 19.6. Renova Industries
- 19.7. TRADE INDUSTRIAL COMPANY AB
- 19.8. Other Prominent Players
- 20. Assumptions & Acronyms Used
- 21. Research Methodology
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List Of Table
Table 01. Europe Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 02. Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 03. Europe Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 04. Europe Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 05. Europe Market Value (US$ million) and Forecast By Type, 2018 to 2022
Table 06. Europe Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 07. Europe Market Volume (Units) and Forecast By Type, 2018 to 2022
Table 08. Europe Market Volume (Units) and Forecast By Type, 2023 to 2033
Table 09. Europe Market Value (US$ million) and Forecast By Capacity, 2018 to 2022
Table 10. Europe Market Value (US$ million) and Forecast By Capacity, 2023 to 2033
Table 11. Europe Market Volume (Units) and Forecast By Capacity, 2018 to 2022
Table 12. Europe Market Volume (Units) and Forecast By Capacity, 2023 to 2033
Table 13. Germany Market Value (US$ million) and Forecast By Type, 2018 to 2022
Table 14. Germany Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 15. Germany Market Volume (Units) and Forecast By Type, 2018 to 2022
Table 16. Germany Market Volume (Units) and Forecast By Type, 2023 to 2033
Table 17. Germany Market Value (US$ million) and Forecast By Capacity, 2018 to 2022
Table 18. Germany Market Value (US$ million) and Forecast By Capacity, 2023 to 2033
Table 19. Germany Market Volume (Units) and Forecast By Capacity, 2018 to 2022
Table 20. Germany Market Volume (Units) and Forecast By Capacity, 2023 to 2033
Table 21. France Market Value (US$ million) and Forecast By Type, 2018 to 2022
Table 22. France Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 23. France Market Volume (Units) and Forecast By Type, 2018 to 2022
Table 24. France Market Volume (Units) and Forecast By Type, 2023 to 2033
Table 25. France Market Value (US$ million) and Forecast By Capacity, 2018 to 2022
Table 26. France Market Value (US$ million) and Forecast By Capacity, 2023 to 2033
Table 27. France Market Volume (Units) and Forecast By Capacity, 2018 to 2022
Table 28. France Market Volume (Units) and Forecast By Capacity, 2023 to 2033
Table 29. UK Market Value (US$ million) and Forecast By Type, 2018 to 2022
Table 30. UK Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 31. UK Market Volume (Units) and Forecast By Type, 2018 to 2022
Table 32. UK Market Volume (Units) and Forecast By Type, 2023 to 2033
Table 33. UK Market Value (US$ million) and Forecast By Capacity, 2018 to 2022
Table 34. UK Market Value (US$ million) and Forecast By Capacity, 2023 to 2033
Table 35. UK Market Volume (Units) and Forecast By Capacity, 2018 to 2022
Table 36. UK Market Volume (Units) and Forecast By Capacity, 2023 to 2033
Table 37. BENELUX Market Value (US$ million) and Forecast By Type, 2018 to 2022
Table 38. BENELUX Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 39. BENELUX Market Volume (Units) and Forecast By Type, 2018 to 2022
Table 40. BENELUX Market Volume (Units) and Forecast By Type, 2023 to 2033
Table 41. BENELUX Market Value (US$ million) and Forecast By Capacity, 2018 to 2022
Table 42. BENELUX Market Value (US$ million) and Forecast By Capacity, 2023 to 2033
Table 43. BENELUX Market Volume (Units) and Forecast By Capacity, 2018 to 2022
Table 44. BENELUX Market Volume (Units) and Forecast By Capacity, 2023 to 2033
Table 45. NORDICS Market Value (US$ million) and Forecast By Type, 2018 to 2022
Table 46. NORDICS Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 47. NORDICS Market Volume (Units) and Forecast By Type, 2018 to 2022
Table 48. NORDICS Market Volume (Units) and Forecast By Type, 2023 to 2033
Table 49. NORDICS Market Value (US$ million) and Forecast By Capacity, 2018 to 2022
Table 50. NORDICS Market Value (US$ million) and Forecast By Capacity, 2023 to 2033
Table 51. NORDICS Market Volume (Units) and Forecast By Capacity, 2018 to 2022
Table 52. NORDICS Market Volume (Units) and Forecast By Capacity, 2023 to 2033
Table 53. Italy Market Value (US$ million) and Forecast By Type, 2018 to 2022
Table 54. Italy Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 55. Italy Market Volume (Units) and Forecast By Type, 2018 to 2022
Table 56. Italy Market Volume (Units) and Forecast By Type, 2023 to 2033
Table 57. Italy Market Value (US$ million) and Forecast By Capacity, 2018 to 2022
Table 58. Italy Market Value (US$ million) and Forecast By Capacity, 2023 to 2033
Table 59. Italy Market Volume (Units) and Forecast By Capacity, 2018 to 2022
Table 60. Italy Market Volume (Units) and Forecast By Capacity, 2023 to 2033
Table 61. Spain Market Value (US$ million) and Forecast By Type, 2018 to 2022
Table 62. Spain Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 63. Spain Market Volume (Units) and Forecast By Type, 2018 to 2022
Table 64. Spain Market Volume (Units) and Forecast By Type, 2023 to 2033
Table 65. Spain Market Value (US$ million) and Forecast By Capacity, 2018 to 2022
Table 66. Spain Market Value (US$ million) and Forecast By Capacity, 2023 to 2033
Table 67. Spain Market Volume (Units) and Forecast By Capacity, 2018 to 2022
Table 68. Spain Market Volume (Units) and Forecast By Capacity, 2023 to 2033
Table 69. Rest of Europe Market Value (US$ million) and Forecast By Type, 2018 to 2022
Table 70. Rest of Europe Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 71. Rest of Europe Market Volume (Units) and Forecast By Type, 2018 to 2022
Table 72. Rest of Europe Market Volume (Units) and Forecast By Type, 2023 to 2033
Table 73. Rest of Europe Market Value (US$ million) and Forecast By Capacity, 2018 to 2022
Table 74. Rest of Europe Market Value (US$ million) and Forecast By Capacity, 2023 to 2033
Table 75. Rest of Europe Market Volume (Units) and Forecast By Capacity, 2018 to 2022
Table 76. Rest of Europe Market Volume (Units) and Forecast By Capacity, 2023 to 2033
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List Of Figures
Figure 01. Europe Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 02. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Europe Market Value (US$ million) and Volume (Units) by Country, 2023 to 2033
Figure 04. Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 05. Europe Market Value (US$ million) and Volume (Units) By Type, 2023 to 2033
Figure 06. Europe Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 07. Europe Market Value (US$ million) and Volume (Units) By Capacity, 2023 to 2033
Figure 08. Europe Market Y-o-Y Growth Rate By Capacity, 2023 to 2033
Figure 09. Germany Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 10. Germany Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11. Germany Market Value (US$ million) and Volume (Units) By Type, 2023 to 2033
Figure 12. Germany Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 13. Germany Market Value (US$ million) and Volume (Units) By Capacity, 2023 to 2033
Figure 14. Germany Market Y-o-Y Growth Rate By Capacity, 2023 to 2033
Figure 15. Germany Market Attractiveness Analysis By Type, 2023 to 2033
Figure 16. Germany Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 17. France Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 18. France Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 19. France Market Value (US$ million) and Volume (Units) By Type, 2023 to 2033
Figure 20. France Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 21. France Market Value (US$ million) and Volume (Units) By Capacity, 2023 to 2033
Figure 22. France Market Y-o-Y Growth Rate By Capacity, 2023 to 2033
Figure 23. France Market Attractiveness Analysis By Type, 2023 to 2033
Figure 24. France Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 25. UK Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 26. UK Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 27. UK Market Value (US$ million) and Volume (Units) By Type, 2023 to 2033
Figure 28. UK Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 29. UK Market Value (US$ million) and Volume (Units) By Capacity, 2023 to 2033
Figure 30. UK Market Y-o-Y Growth Rate By Capacity, 2023 to 2033
Figure 31. UK Market Attractiveness Analysis By Type, 2023 to 2033
Figure 32. UK Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 33. BENELUX Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 34. BENELUX Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 35. BENELUX Market Value (US$ million) and Volume (Units) By Type, 2023 to 2033
Figure 36. BENELUX Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 37. BENELUX Market Value (US$ million) and Volume (Units) By Capacity, 2023 to 2033
Figure 38. BENELUX Market Y-o-Y Growth Rate By Capacity, 2023 to 2033
Figure 39. BENELUX Market Attractiveness Analysis By Type, 2023 to 2033
Figure 40. BENELUX Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 41. NORDICS Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 42. NORDICS Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 43. NORDICS Market Value (US$ million) and Volume (Units) By Type, 2023 to 2033
Figure 44. NORDICS Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 45. NORDICS Market Value (US$ million) and Volume (Units) By Capacity, 2023 to 2033
Figure 46. NORDICS Market Y-o-Y Growth Rate By Capacity, 2023 to 2033
Figure 47. NORDICS Market Attractiveness Analysis By Type, 2023 to 2033
Figure 48. NORDICS Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 49. Italy Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 50. Italy Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 51. Italy Market Value (US$ million) and Volume (Units) By Type, 2023 to 2033
Figure 52. Italy Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 53. Italy Market Value (US$ million) and Volume (Units) By Capacity, 2023 to 2033
Figure 54. Italy Market Y-o-Y Growth Rate By Capacity, 2023 to 2033
Figure 55. Italy Market Attractiveness Analysis By Type, 2023 to 2033
Figure 56. Italy Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 57. Spain Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 58. Spain Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 59. Spain Market Value (US$ million) and Volume (Units) By Type, 2023 to 2033
Figure 60. Spain Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 61. Spain Market Value (US$ million) and Volume (Units) By Capacity, 2023 to 2033
Figure 62. Spain Market Y-o-Y Growth Rate By Capacity, 2023 to 2033
Figure 63. Spain Market Attractiveness Analysis By Type, 2023 to 2033
Figure 64. Spain Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 65. Rest of Europe Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 66. Rest of Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 67. Rest of Europe Market Value (US$ million) and Volume (Units) By Type, 2023 to 2033
Figure 68. Rest of Europe Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 69. Rest of Europe Market Value (US$ million) and Volume (Units) By Capacity, 2023 to 2033
Figure 70. Rest of Europe Market Y-o-Y Growth Rate By Capacity, 2023 to 2033
Figure 71. Rest of Europe Market Attractiveness Analysis By Type, 2023 to 2033
Figure 72. Rest of Europe Market Attractiveness Analysis By Capacity, 2023 to 2033
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How did the Europe asphalt recycler market perform over the last few years?
During 2018 to 2022, sales of asphalt recyclers increased at 1.3% CAGR.
Which country accounts for a leading market share in the asphalt recycler market?
Germany tops Europe’s asphalt recycler market accounting for 25.0% market share in 2023.
What is the Europe asphalt recycler market size?
The Europe asphalt recycler market is valued at US$ 515.3 million in 2023.
How is the market for asphalt recyclers expected to fare going forward?
The demand for asphalt recyclers is anticipated to reach US$ 650.9 million by 2033-end.
Which use case of asphalt recycler has the highest adoption?
The hot asphalt recycler accounts for maximum consumption holding 67.0% of the Europe market.