Procurement Market Intelligence Report
Asphalt Paving Services
Sourcing Guide & Market Intelligence
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Asphalt Paving Services Global Overview
Definition
Summary
Paving specialists and multidisciplinary construction firms pave a variety of surfaces with asphalt, including parking lots, driveways, walkways, and retail centers. Many service providers also offer asphalt resurfacing, patching, sealcoating, and crack sealing services. A wide range of buyers procure asphalt paving services, including residential, nonresidential, and other structure foundation contractors.
This Report Includes:
- Parking Lot Paving
- Driveway Paving
- Walkway Paving
- Other Paving Services
Not in this Report:
- Concrete Pumping
- Concrete Transport Services
Global Asphalt Paving Services Procurement Trends
Discover the top international trends affecting procurement in the global Asphalt Paving Services market.
Warning Trends
Public sector demand slumps as the government enters shutdown
- On October 1, the US federal government entered a shutdown after negotiations for a new appropriations bill failed.
- During a government shutdown, essential federal government operations, such as law enforcement, air-traffic control, and social security, persist, while nonessential operations are paused and workers involved in these operations are furloughed. Thus, the current shutdown is expected to result in 750,000 federal workers being furloughed, representing a $400 million reduction in daily expenditure by the federal government.
- This significant reduction in federal spending and operations will affect the entire US economy, weakening aggregate demand and slowing economic growth. For example, the 35-day government shutdown in Q1, 2019, reduced aggregate demand in both the public and private sectors, resulting in a 0.2% reduction in GDP growth that quarter.
- The effects of the shutdown are likely to be most acute in markets where the public sector is a major buyer segment, weakening demand and increasing average vendor risk by destabilizing important revenue streams.
- As negotiations for a new appropriations bill to reopen the government remain ongoing, ProcurementIQ will continue to monitor the situation and update this story with the latest information.
Tariffs to negatively impact the building and construction machinery sector
- The Trump Administration’s reciprocal tariffs, which apply general tariff rate increases to most countries the United States trades with, are set to take effect on August 7, after the administration finalized the national rates on August 1. As a result, leading sources of imported construction machinery face significantly higher tariff rates, including Japan (15.0%), Mexico (25.0%), South Korea (15.0%), the European Union (15.0%), the United Kingdom (10.0%), China (54.0%), and Canada (35.0%).
- The increase in tariffs on building and construction machinery imported from tariff-impacted countries will add to the price of imports, which are typically passed on to buyers in the form of higher prices. According to The Budget Lab at Yale, the additional tariffs on imports will increase overall prices for machinery and equipment by 13.3%.
- Additionally, the administration has already implemented 50.0% tariffs on all aluminum and steel imported into the United States, with the sole exception of imports from the United Kingdom. These tariffs will increase input costs even for construction machinery suppliers with domestic manufacturing operations.
- According to an April 2025 survey from Construction Equipment Magazine, around half of the respondents reported that the higher tariffs will increase operating costs by up to 15.0%, and more than half said they plan to pass those increases along to buyers.
- As many building and construction machinery brands source parts and components such as steel, engines, and electronics from foreign countries, higher tariff rates will put upward pressure on prices and lead to greater rental rates as manufacturers and dealers pass on costs. In addition, suppliers that source parts from tariff-affected regions may see supply chain disruptions as they seek alternative suppliers to mitigate tariff impacts.
Global Asphalt Paving Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Europe | 202,880 |
| #2 China | 196,220 |
| #3 Africa & Middle East | 110,240 |
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Geography Drilldown - US, Canada & Europe
Average Cost of Asphalt Paving Services
United States
2026 Market Pricing$2.00 to $XX.XX
per square footCanada
Europe
Average Price
Prices in the Asphalt Paving Services market range from $2.00 to $XX.XX, depending on Aggregate Class, Degree of Thickness, Type of Finish and Project Size. For example, lower prices are associated with Manufactured aggregates ($1.50 to $12.00), whereas higher prices are associated with Natural aggregates ($3.00 to $15.50).
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Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Asphalt Paving Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Asphalt Paving Services market, prices in the US have grown 1.2% from 2022 to 2025. and +3.7% in Europe.
United States (2022-2025)
Canada (2019-2022)
Compound Annual Growth Rate
Europe (2022-2025)
Compound Annual Growth Rate
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Asphalt Paving Services
Total cost of ownership is Low in the Asphalt Paving Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Cancellations may raise the total cost of ownership unexpectedly.
Negotiated Before
Transportation
Billed During
Maintenance
Unforeseen
Cancellations
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -1.3 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Market Share Concentration. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Canada
Europe
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Construction Equipment Wholesalers
- Asphalt Manufacturers
- Fuel Dealers
2nd
Tier Suppliers
- Construction Equipment Manufacturers
- Mineral Mining Companies
- Petroleum Refineries
Biggest Asphalt Paving Services Suppliers in the US by Revenue
The largest Asphalt Paving Services vendors by revenue in the US are Clark Construction Group, Llc, Palmetto Corp and Rabine Group. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Granite Construction Inc. | National | WATSONVILLE | 1,001-10,000 | < 5 | ||||
| Allan Myers, Inc. | Regional | Worcester, PA | 1,001-10,000 | < 5 | ||||
| Barnhill Contracting Company | Local | Rocky Mount, NC | 1,001-10,000 | < 5 | ||||
| Kokosing Construction Company, Inc. | Regional | Westerville, OH | 1,001-10,000 | < 5 | ||||
| PJ Dick Inc. | Regional | Pittsburgh, PA | 501-1,000 | < 5 | ||||
| Palmetto Corp | Regional | Conway, SC | 251-500 | < 5 | ||||
| Rabine Group | National | Schaumburg, IL | 101-250 | < 5 | ||||
| Rose Paving LLC | Global | Bridgeview, IL | 251-500 | < 5 | ||||
| US Pavement Services Inc. | National | Woburn, MA | 101-250 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Asphalt Paving Services market is 6.4% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is falling, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Average vendor risk for the asphalt paving services market is high due to high competition within the market, moderate supply chain risk, and moderate regulatory change.
Low market share concentration forces suppliers to keep their prices competitive. Vendors will be given more room to negotiate as they fight for consumers.
Supply chain risk for asphalt paving services is moderate, with ongoing issues in procuring raw materials needed for asphalt. Oil prices have decreased recently, making it easier for suppliers to obtain.
The United States is a net exporter of asphalt, meaning it exports more asphalt than it imports. Closer proximity to asphalt paver manufacturers may result in shorter lead times.
Supplier Information
Allan Myers, Inc.
Allan Myers, Inc. is a private company operating regionally in the construction sector. The company's offerings include asphalt paving services. Founded in 1939, the company is currently headquartered in Worcester, Pennsylvania, United States of America with an estimated 5500 employees. Subscribe to learn more
Atlantic Southern Paving and Sealcoating
Atlantic Southern Paving and Sealcoating is a private company operating nationally in the construction sector. The company's offerings include asphalt paving services. Founded in 1992, the company is currently headquartered in Sunrise, Florida, United States of America with an estimated 175 employees. Subscribe to learn more
Barnhill Contracting Company
Barnhill Contracting Company is a private company operating locally in the construction sector. The company's offerings include asphalt paving services. Founded in 1949, the company is currently headquartered in Rocky Mount, North Carolina, United States of America with an estimated 5500 employees. Subscribe to learn more
Clark Construction Group, Llc
Clark Construction Group, Llc is a private company operating nationally in the construction sector. The company's offerings include general contractor services, asphalt paving services and quantity surveying services. Founded in 1906, the company is currently headquartered in Bethesda, Maryland, United States... Subscribe to learn more
General Pavement Management Inc.
General Pavement Management Inc. is a private company operating nationally in the construction sector. The company's offerings include asphalt paving services. Founded in 1989, the company is currently headquartered in Thousand Oaks, California, United States of America with an estimated 75 employees. Subscribe to learn more
Gohmann Asphalt & Construction Inc..
Gohmann Asphalt & Construction Inc.. is a private company operating locally in the construction sector. The company's offerings include asphalt paving services. Founded in 1959, the company is currently headquartered in Clarksville, Indiana, United States of America with an estimated 750 employees. Subscribe to learn more
Granite Construction Inc.
Granite Construction Incorporated is a diversified construction and construction materials company. It organizes its business into two segments: the Construction segment, which constructs and rehabilitates public infrastructure, water-related construction, and various complex projects, including infrastructure... Subscribe to learn more
Kokosing Construction Company, Inc.
Kokosing Construction Company, Inc. is a private company operating regionally in the construction sector. The company's offerings include asphalt paving services. Founded in 1951, the company is currently headquartered in Westerville, Ohio, United States of America with an estimated 5500 employees. Subscribe to learn more
Palmetto Corp
Palmetto Corp is a private company operating regionally in the construction sector. The company's offerings include asphalt paving services. Founded in 1987, the company is currently headquartered in Conway, South Carolina, United States of America with an estimated 375 employees. Subscribe to learn more
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Procurement Management KPIs for the Asphalt Paving Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Response Time and Employee Training Rate. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Insurance and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Response Time |
|
Total response time Number of opened tickets |
The average response time represents the average time it takes for the supplier to respond to a buyer's inquiry. The average response time can be used to determine how responsive a supplier's support team is. |
| Employee Training Rate |
|
Number of employees that undergo evaluation Number of employees that pass evaluation |
The employee training rate represents the share of employees a company can successfully train. The employee training rate can be used to determine the company's ability to provide quality workers trained on proper methods, safety, and emergency protocols that should be utilized during a project. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Experience and Expertise
Do you have case studies or client testimonials detailing the services performed? May I speak to or visit a current client about their experiences?
Tell me about similar projects you have worked on in the past. What challenges did you face, and how did you overcome them?
Competition
How do you attract new clients and retain existing clients?
As a large company, how do you compete with emerging smaller players?
Quality Control
How do you ensure the accuracy and quality of your service? What systems, tools, and software do you have in place to minimize the number of errors? How often are these systems checked and updated?
What checks and balances are in place to ensure that my project has received a thorough evaluation? Who completes these checks and identifies errors?
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Asphalt Paving Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should provide a background of their company, including their location, any larger organizations they operate under, and the size of their business.
Buyers should provide an overview of the RFP process on the title page, outlining the different steps prospective suppliers must go through before submitting a bid.
Statement Of Need
Buyers should provide an outline of any expectations for suppliers that fall outside of actual asphalt paving services, such as attending meetings and consultations.
Buyers should list any licenses and permits the supplier must acquire before starting the asphalt paving services.
Project Budget
If a government entity, buyers should provide information regarding the department in charge of determining the budget and providing funding.
Buyers should provide an estimate of their budget.
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- Supply chain and vendors
- Global supplier breakdown
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