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.
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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
- 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.
Access Press Release@ https://www.grandviewresearch.com/press-release/global-road-marking-machine-market
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
- US.
- Canada
- Europe
- Germany
- France
- Italy
- UK.
- 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.
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