Road Marking Machines Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

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

Road Marking machines market projected to reach the overall market value of US$ 13.25 Bn in 2029 and expected to witness the promising growth of 6.01% throughout the forecast period. Road transport is vital sector for economic activity, as it plays essential role in providing access to education, health and agricultural inputs & extension services. Transportation plays 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 it is to be set up more productively. Road markings improve traffic flow and safety by providing guidance and regulatory & warning information to driver that makes the driving task easier. Rising urbanization along with transport infrastructure development accounted to stimulate the road construction industry growth, thereby stimulating the subsequent surge of road marking machines market.

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

The primary purpose of roadway marking is to provide visual information needed by the driver to steer vehicle safety in variety of situations. Marking on the road must able to define the field of safe travel and visible in daylight as well as in darkness. 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 lost reflectivity with certain time and seeks for remarking that drives the demand for marking machines. With developing road infrastructure and surge in vehicle traffic on road, the road-marking segment expected to retain its dominant position across the forecast period.

Emerging Markets’ Share in Global Road Marking Machines Market Continue to Rise with Steady Rate

In 2019, Asia Pacific market dominated the overall market with lion share, in terms of market value, chiefly due to development of travel infrastructure. As the infrastructure development trend shifts toward developing countries, 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 expected to continue driving the road marking machines market here. In 2019, 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 are aiming for investment in road infrastructure development from past few years. In 2020, China invested around US$ 310 Bn for road infrastructure development. Similarly, Indian and Japan accounted for US$ 15 Bn and US$ 52 Bn in same year respectively. With growing investment for road infrastructure development, demand for road marking machines expected to surge promisingly across the forecast period.

Key players of global road marking machines market includes 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 & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Report Scope by Segments

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 global road marking machines market based on machine type, operation type, application and geography. Key segments covered in the report are as follows:

Road Marking Machine type Segment (2019-2029; US$ Bn)

• Self-propelled Machine
• Hand-guided Machine
• Truck

Operation Type (2019-2029; US$ Bn)

• Automatic
• Semi-automatic
• Manual
• Others

Application Segment (2019-2029; US$ Bn)

• Road Marking
• Car Parking
• Anti-skid
• Others (Pavement Marking, etc.)

Geography Segment (2019-2029; US$ Bn)

• North America (U.S., Rest of North America)
• Europe (U.K., France, Germany, Rest of Europe)
• Asia Pacific (Japan, China, India, Rest of APAC)
• Rest of the World (Latin America, Middle East & Africa)

Key questions answered in this report

• What was the market size of road marking machines in 2020 and forecast up to 2029?
• Which is largest regional market for road marking machines?
• What are the key market trends observed in the road marking machines market and outlook for road infrastructure development?
• Which is the most promising machine type, operation type and application in road marking machines market?
• Who are the key players leading the market?
• What are the key strategies adopted by the leading players in market?
• What are the key technology trends in road marking machines across different geographies and sub-geographies?

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