Global Road Marking Machine Market, By Equipment Type (Handliners/Hand Pushed Type, Self-Propelled Marking Machine, Line Marking Truck/Mini Truck), Coating Type (Thermoplastic Paint, Cold Paint, Heated Paint, Two Component Materials), Marking Type (Air Spray, High-Pressure Airless Spray), Machine Type (Manual, Semi-Automatic, Fully Automatic), Application (Road & Highway Marking, Car Park Markings, Anti-Skid Markings, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Road Marking Machine Market
The road marking machine market will reach at an estimated value of USD 13,376.6 million and grow at a CAGR of 9.30% in the forecast period of 2021 to 2028. Rise in the spending on safer roads is an essential factor driving the road marking machine market.
Road marking machine (RMM) is also known as road marking equipment, road marking machine or pavement marking equipment. Road marking navigate pedestrians and driver in order to safe and secure travel. There are numerous types of road marking equipment available in the market, which are used for marking different type of signs and lines such as traffic lanes that inform drivers where to stop.
Rising rapid increase in the infrastructure development and improving condition of roads across the globe is a crucial factor accelerating the market growth, also increase in the new infrastructure and roadway projects in emerging economies, rise in the international sports activities across the globe, rise in the government initiatives and spending for repairing and maintaining rural and urban road, rise in the collaboration and acquisition activities for improving company’s product portfolio and rise in the manufacturers focus towards development of innovative products are the major factors among others boosting the road marking machine market. Moreover, rise in the prominence of road markings in lane departure warning systems (LDWS) and rise in the smart and autonomous mobility will further create new opportunities for road marking machine market in the forecast period mentioned above.
However, conservative approach of road contractors are the major factors among others restraining the market growth, while rise in the stringent regulatory policies over solvent-based road markings will further challenge the road marking machine market in the forecast period mentioned above.
This road marking machine market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on road marking machine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Road Marking Machine Market Scope and Market Size
The road marking machine market is segmented on the basis of equipment type, coating type, marking type, machine type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of equipment type, the road marking machine market is segmented into handliners/hand pushed type, self-propelled marking machine and line marking truck/mini truck.
- Based on coating type, the road marking machine market is segmented into thermoplastic paint, cold paint, heated paint and two component materials.
- Based on marking type, the road marking machine market is segmented into air spray and high-pressure airless spray.
- Based on machine type, the road marking machine market is segmented into manual, semi-automatic and fully automatic.
- The road marking machine market is also segmented on the basis of application into road & highway marking, car park markings, anti-skid markings and others.
Road Marking Machine Market Scope Country Level Analysis
The road marking machine market is analysed and market size, volume information is provided by country, equipment type, coating type, marking type, machine type and application as referenced above.
The countries covered in the road marking machine market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the road marking machine market due to rise in the technological advancements, growing industrialization, and infrastructural development in this region. Europe, Latin America and Middle East and Africa are the expected regions in terms of growth in road marking machine market due to rise in the demand for RMM from various end-use industries, rise in the government spending in infrastructure development activity and increase in the new infrastructure and roadway projects in this region.
The country section of the road marking machine market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Road Marking Machine Market Share Analysis
The road marking machine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to road marking machine market.
The major players covered in road marking machine market report are AUTOMARK INDUSTRIES (INDIA) PVT LTD, BORUM A/S, Graco Inc, HOFMANN, Road Marking Equipment of Sweden AB, ROAD MAINTENANCE SERVICES LIMITED, STIM GROUP, Nipshell Hydraulics, Vinayak Construction Equipments, Lokpal Industries, TATU GROUP and Titan Tool Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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