Global Road Marking Machine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Road Marking Machine Market: Overview
“The global Road Marking Machine Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Road marking machine (RMM) are also called as road marking equipment or road marking machine or pavement marking equipment. Road marking navigate driver and pedestrians in order to safe and secure travel. Various types of road marking equipment are 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.
Global Road Marking Machine Market: Dynamics
Rapidly increasing infrastructure development and improving condition of roads across the globe is a key factor expected to drive growth of the global market over the forecast period.
In addition, ongoing projects – smart city development and immigration of rural population to urban areas which in turn is increasing construction of new roads across various countries are some other factors expected to further fuel growth of the target market over the forecast period.
Moreover, technological development in construction of over sea bridges and increasing demand for high-quality road infrastructure are some other factors expected to propel growth of the target market over the forecast period.
Furthermore, increasing international sports activities across the globe and increasing government initiatives and spending for repairing and maintaining rural and urban road is another factor expected to boost growth of the global market over the forecast period.
Ongoing trend observed in the target market is increasing government focus towards road safety and maintenance, which in turn is expected to support growth of the target market over the forecast period.
Increasing manufacturers focus towards development of innovative products and increasing collaboration and acquisition activities for improving company’s product portfolio are some other factors expected to create potential revenue opportunities for players operating in the target marker over the forecast period.
Global Road Marking Machine Market: Segment Analysis
Among the machine type segments, the manual RMM segment is expected to register significant growth in terms of revenue over the forecast period, owing to rising adoption of manual RMM machines which are majorly used for bus stop, railway platform, car parks, factory floors, and city crossroad lining.
Among the application segments, the road markings application segment is expected to account for highest market share, in terms of revenue over the forecast period.
Global Road Marking Machine Market: Regional Analysis
The market in Asia Pacific is expected to dominate in the global market in terms of revenue. The dominance is expected to continue over the forecast period, owing to technological advancements, growing industrialization, and infrastructural development.
The market in Europe is expected to register significant growth in terms of revenue over the forecast period, owing to increasing demand for RMM from various end-use industries across various countries, especially Germany, France, Italy, and UK.
The market in Latin America is expected to account for relatively high growth, owing to increasing government spending in infrastructure development activity across various countries in this region.
The market in Middle East and Africa is expected to register moderate growth in terms of revenue over the forecast period, owing to introduction of key events such as a FIFA World Cup 2022, Qatar and Dubai Expo 2020.
Global Road Marking Machine Market Segmentation:
Segmentation by machine type:
- Fully Automatic
Segmentation by application:
- Road & Highway Marking
- Car Park Markings
- Anti-Skid Markings
- Others (Airport Marking, Factory Marking)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Borum Industri A/S
- Graco Inc.
- RME (Road Marking Equipment)
- Zhengzhou Dayu Machinery Co., Ltd.
- Automark Industries (India) Limited
- Titan Tool, Inc.
- TATU Traffic Group
- Zhenjiang Winfar Transport Facilities Co., Ltd.
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