NORTH AMERICAN REPORT
2,900 units is the estimate by Power Systems Research of the number of Pavers to be produced in the U.S. and Canada during 2022.
This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Exports: Collectively, up to 40% worldwide.
Market Share: With combined plant totals of 20%, VT LeeBoy (includes LB Performance Paving) leads in production of Pavers in North America. In second position with 17% is Weiler; third place is held by Cat Global Paving with 16.5%.
Trends: In 2021, production of Pavers in North America increased 17%. Production is expected to gain another 3% in 2022 to about 2,900 units. This increase is based on growth in road related repairs and increased international sales.
Despite 2020 uncertainties, mostly affected by COVID related issues, 2021 showed a strong increase in production. This turnaround from 2020 focused on repairing crumbling roads and bridges that are a concern throughout many regions. COVID factors caused government transportation departments to reduce or cancel road construction and maintenance projects in 2020.
Stabilization of this paver market segment this year will depend on factors that may include public funding and the demand for “greener” products due to environmental issues and concerns. Overall, production is expected to rise slowly over the next three years with a gain of up to 5%. PSR
Carol Turner is Senior Analyst, Global Operations, at Power Systems Research
