27-June-2019: The global road marking machine market size is
anticipated to reach USD 11.32 billion by 2025 expanding at a CAGR of 9.3%,
according to a new report by Grand View Research, Inc. Rapid globalization,
industrialization, and urbanization along with technological developments are
triggering the demand for high-quality infrastructure. With a view to achieve
balanced regional economic growth governments across the world have increased
their spending on infrastructure development.
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Grand View Research
Thus, rising investment in road
infrastructure by key governments, specifically in emerging economies of APAC
and CSA, are expected to propel the market over the forecast period. On the
basis of product type, the market is segmented into manual, semi-automatic, and
fully automatic machines. Manual machines are projected to account for the
largest market share over the forecast period as they are used across various
industries owing to ease of operation, compatibility with a variety of paint
materials, and low operational cost.
On the basis of application,
the market is segmented into road, car park markings, anti-skid, and other
markings. Road markings was the largest application segment in 2018 and held
28.25% of the global market share. These markings includes line striping on
highways, city roads, and sideways, among others. Car park markings is likely
to be the fastest-growing segment with a CAGR of 10.5% over the forecast period
owing to rising need for these markings at hotels, buildings, sideway car parking,
and public car parking places.
In depth research report on Road Marking Machine Market
Further
key findings from the study suggest:
· Asia
Pacific accounts for the largest share of the global road marking machine
market and is expected to retain its dominance over the forecast period
· China
is the major revenue-generator in the APAC region and is anticipated to reach
USD 1.17 billion by 2025
· North
America market is anticipated to witness a steady growth owing to increased
investments for road safety and maintenance
· U.S. is
one of the prominent markets in North America and is projected to expand at the
fastest CAGR of 3.9% over the forecast period
· Manual
type is expected to be the largest as well as fastest-growing machine type
segment over the estimated period
· Car
parking markings application segment is anticipated to register the highest
CAGR of 10.5% during the forecast years
· Key
companies in this market are Hofmann GmbH; Borum A/S; Graco Inc.; RME Road
Marking Equipment; STiM Group; Dayu Road Marking; Automark Industries; Titan
Tool Inc.; TATU Traffic Group; and Zhenjiang Winfar Transport Facilities Co.,
Ltd.
Grand View Research has segmented
the global road marking machine market on the basis of machine type,
application, and region:
Road
Marking Machine Type Outlook (Revenue, USD Million, 2015 - 2025)
· Manual
· Semi-Automatic
· Fully
Automatic
Road
Marking Machine Application Outlook (Revenue, USD Million, 2015 - 2025)
· Road
· Car
Park
· Anti-Skid
· Others
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Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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