The global road marking machine market size was US$ 7.02 billion in 2021. The global road marking machine market size is estimated to reach US$ 15.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.3% during the forecast period from 2022 to 2030.
Road signs play an important role in road safety. It provides drivers with safety information such as vehicle position, road alignment, and other important road information. It is a type of equipment specially used to depict diverse traffic lines on the blacktop or concrete surfaces to provide guidance and information to motorists and pedestrians. They are capable of providing different designs and sizes of markings on the road in addition to safety signs. This process is done through screeding, extruding, and spraying thermoplastic paints or cold solvent paints on the pavement surface. It is mainly used in car parks, avenues, roads, highways, etc., which contributes to improving the convenience and safety of driving and walking.
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Factors Affecting Marketing Growth
The increase in government spending on developing road infrastructure, an increasing number of accidents due to the absence of road markings, and technological advancements are the factors anticipated to drive the global market.
Fluctuating raw material prices and the conservative approach of road contractors are the factors anticipated to hinder the growth of the global market.
The development of smart cities and the emergence of autonomous vehicles are the factors driving the growth of the global market.
Impact on COVID-19 Analysis
The COVID-19 crisis had created uncertainty in the global road marking machine market. Governments of different regions have already announced a total lockdown and temporary shutdown of industries, thereby adversely affecting overall production and sales. Countries around the globe have posed stringent restrictions ranging from days to months of lockdown periods. Due to this pandemic, many businesses are halted and are waiting for market conditions to improve. Thus, COVID-19 had a negative impact on the growth of the global market.
Regional Analysis
Asia Pacific is a leading market and holds a prominent share of the global road marking machine market. Economic countries are investing heavily in the development of road infrastructure, such as One Belt One Road in China, and the development of a national highway in India is anticipated to drive the growth of the global market.
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Leading Competitors
The prominent players in the global road marking machine market are:
HOFMANN
M-B Companies
Nanjing Roadsky Traffic Facility Co. Ltd.
EZ-Liner Industries
Dayu Road Marking
Hawk Pumps
Advanced Striping Equipment
Automark Industries
Titan Tool Inc.
Zhengzhou Dayu Machinery Co.
Others
Segmentation Analysis
The global road marking machine market segmentation focuses on Operation Type, Material Capacity, Distribution Channel, Application, and Region.
Segmentation on the basis of Operation Type
Semi-Automatic/Fully Automatic
Manual
Segmentation on the basis of Material capacity
Less Than 100 Ltr
100 Ltr – 250 Ltr
251 Ltr – 750 Ltr
More Than 750 Ltr
Segmentation on the basis of Distribution Channel
Online
Offline
Segmentation on the basis of Application
Anti-Skid
Road
Car Park
Others
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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Road Marking Machine market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Road Marking Machine market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Road Marking Machine market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Road Marking Machine business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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