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Road Marking Machine Market Size, Growth, 2025 | Industry Report

Road Marking Machine Market Analysis Report By Machine Type, By Application, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17619773  |  Published: May 2020  |  No of Pages: 107
Format: Electronic (PDF)  |  Industry: Machinery and Machine Parts  |  Publisher: Grand View Research

Industry Insights

The global road marking machine market size was accounted for USD 6.05 Billion in 2018. It is anticipated to witness a CAGR of 9.3% during the forecasted years, 2019 to 2025. This growth can be attributed to the rising need for road marking for guiding the drivers on roadways. Moreover, increasing accidental cases on roads have created a sense of road maintenance and safety which is expected to propel the market growth in the upcoming years.

External factors like rapid urbanization and increasing industrialization are expected to promote the market growth for road marking machines. In addition, technical advances being made in the construction of roads are projected to improve the quality of the construction. Moreover, funding for roadway construction has been increased by several countries for economic growth, improved traveling, and trade activities.

U.S. road marking machine market

U.S. is considered as one of the major markets owing to an increase in R&D activities and rapid technological advances across this region. Such factors are anticipated to drive market growth across North America in the upcoming years.

The key players in this market are majorly focusing on developing economies to boost their product sales owing to the increasing infrastructure industry and construction projects. Thus, the development of new products as per the desired specifications coupled with the implementation of various marketing strategies is anticipated to drive the market growth during the forecasted years.

Machine Type Insights

The manual machine type segment held the largest share across the road marking machine market in 2018. This growth can be attributed to its usage for railway platforms, bus stops crossroad lining across cities, and factory floors. The automatic RMM machine type is expected to witness the highest growth from 2019 to2025.  This growth can be associated with laser and sensor-based technology that offers more accuracy with lines of specific thickness. Thus, they are now being widely used in road marking on highways and for repairing purposes.

The segment of the semi-automatic machine type held the second-largest share in the global market. Such machines require manual supervision as they are software-enabled. Thus, selective operations on such machines require manual intervention. Such types of equipment can be installed on the van or can be hand pushed.

Application Insights

The application segment can be divided into four types viz. car park, road, anti-skid, and others. In 2018, the road marking segment held the largest share across the global market. This segment is anticipated to reach USD 2.91 billion in terms of revenue generation by the end of 2025.

Global road marking machine market

The segment of car parking segment held the second-largest share across the global market. It is also expected to register the fastest growth in the upcoming years. The segment of anti-skid markings is also projected to hold a significant share across the global road marking machines market with linear growth during the forecasted period, 2019 to2025.

Regional Insights

The Asia Pacific is anticipated to hold the highest share across the global market during the forecasted period. Countries like India, Japan, and China are expected to drive market growth across this region. Several factors like technological developments, rapid urbanization, and rising industrialization are anticipated to drive market growth in the upcoming years.

In 2018, Europe also held a significant share in the global market due to the increased demand for RMM across several end-user industries. Countries like U.K., France, Germany, and Italy contributed majorly to this growth. Moreover, Central and South America held a share of 18.65% across the global market in 2018. This region is anticipated to significant growth in terms of opportunities and increased potential for constructional activities and hence is expected to register the highest CAGR of 10.8% from 2019 t0 2025.

Road Marking Machine Market Share Insights

The key players in the market are Borum A/S; STiM Group; Graco Inc.; Automark Industries; and Titan Tool Inc. They are continuously engaged in implementing several marketing strategies to gain a competitive advantage over other players. Several manufacturers are also expanding their global presence across developing countries like China, India, Brazil, UAE, and Saudi Arabia. Moreover, they have started investing in R&Ds for product development and innovation.

Report Scope

Attribute

Details

The base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

Country Scope

U.S., Canada, Germany, France, Italy, U.K., China, India, Japan, South Korea, Saudi Arabia, and Brazil

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization


Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2014 to 2025 in each of the sub-segments. For the purpose of this study, Million Insights has segmented the road marking machine market report based on machine type, application, and region:

• Machine Type Outlook (Revenue, USD Million, 2014 - 2025)
    • Manual
    • Semi-Automatic
    • Fully Automatic

• Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Road Markings
    • Car Park Markings
    • Anti-Skid Markings
    • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • France
        • Italy
        • U.K.
    • the Asia Pacific
        • China
        • India
        • Japan
        • South Korea
    • Middle East and Africa
        • Saudi Arabia
    • Central & South America
        • Brazil

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