Road Marking Machines Market By Equipment Type (Self-propelled Machine, Hand-guided Machine and Truck), By Operation Type (Automatic, Semi-automatic, Manual and others), By Application (Road Marking, Car Parking, Anti-skid, Others) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Continuous Development in Transport Infrastructure to Stimulate the Demand for Road Marking Machines

The road marking machines market is projected to reach an overall market value of US$ 11.83 billion in 2027 and is expected to witness a promising growth rate of 6.01% throughout the forecast period. Road transport is a vital sector for economic activity, as it plays an essential role in providing access to education, health, and agricultural inputs and extension services.

Transportation plays a multifaceted role in the pursuit of development objectives. Restriction of accessibility limits effective factor mobility and defers the transfer of human and material resources to places where they can be set up more productively. Road markings improve traffic flow and safety by providing guidance and regulatory and warning information to drivers that make the driving task easier. Rising urbanization, along with transport infrastructure development, accounted for stimulating the road construction industry's growth, thereby stimulating the subsequent surge of the road marking machines market.

Market Synopsis

Road Marking Application to Cement the Dominating Position in the Road Marking Machines Market

The primary purpose of roadway marking is to provide the driver with the visual information needed to steer safely in a variety of situations. Markings on the road must be able to define the field of safe travel and be visible in daylight as well as in darkness. The advancement in paint material used for such markings offers visibility in adverse weather conditions such as heavy rain and fog.

Similarly, with volatile climate conditions, road markings lose reflectivity with time and require remarking, which drives the demand for marking machines. With developing road infrastructure and a surge in vehicle traffic on the roads, the road-marking segment is expected to retain its dominant position across the forecast period.

Emerging Markets' Share in the Global Road Marking Machines Market Continues to Rise at a Steady Rate

In 2017, the Asia-Pacific market dominated the overall market with the lion's share in terms of market value, primarily due to the development of travel infrastructure. As the infrastructure development trend shifts toward developing countries, the dominating position of the region in the global road marking machines market continues to improve across the forecast period.

Majorly driven by dynamic demographic trends, investment in transportation infrastructure is expected to continue driving the road marking machine market here. In 2017, India accounted for 464,910 road accidents involving casualties. Similarly, Japan accounted for 472,165 accidents in the same year.

With growing such incidences, governing bodies have been aiming for investment in road infrastructure development over the past few years. In 2018, China invested around US$ 310 billion in road infrastructure development. Similarly, India and Japan accounted for US$ 15 billion and US$ 52 billion in the same year, respectively. With growing investment in road infrastructure development, demand for road marking machines is expected to surge promisingly across the forecast period.

Key players in the global road marking machines market include STiM Group, Titan Tool Inc., Hofmann GmbH, Zhenjiang Winfar Transport Facilities Co., Ltd., Borum A/S, TATU Traffic Group, Graco, Inc., Automark Industries (India) Pvt. Ltd., Zhengzhou Dayu Machinery Co., Ltd., RME Road Marking Equipment, and others.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The road marking machines market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global road marking machines market based on machine type, operation type, application, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of road marking machines in 2018, and what is the forecast up to 2027?
  • Which is the largest regional market for road marking machines?
  • What are the key market trends observed in the road marking machine market and the outlook for road infrastructure development?
  • Which are the most promising machine type, operation types, and application in the road marking machine market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in the market?
  • What are the key technology trends in road marking machines across different geographies and sub-geographies?

Frequently Asked Question:

The market for Road Marking Machines Market is expected to reach USD$ 11.83 Bn in 2027.

The Road Marking Machines Market is expected to see significant CAGR growth over the coming years, at 6.01%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Zhenjiang Winfar Transport Facilities Co., Ltd., Borum A/S, TATU Traffic Group, Graco, Inc., Automark Industries (India) Pvt. are some of the major players in the global market.

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Published Date:  Jul 2019
Category:  Automotive & Transportation
Report ID:   59767
Report Format:   PDF
Pages:   120
Rating:    4.4 (66)
Delivery Time: 24 Hours to 48 Hours   
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