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.
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.
Browse full research report on Road
Marking Machine Market:
https://www.grandviewresearch.com/industry-analysis/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.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/road-marking-machine-market/request/rs1
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
Road Marking
Machine Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- U.K.
- Asia Pacific
- China
- India
- Japan
- South Korea
- Middle East and
Africa
- Saudi Arabia
- Central & South
America
- Brazil
About Grand View Research
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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
No comments:
Post a Comment