Road Marking Machine Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition, and Forecasts 2022 to 2030
The road marking machine market is projected to reach USD 17.21 Billion in 2031 from USD 7.02 Billion in 2021, growing at a CAGR of 9.3% from 2022 to 2031.
Road Marking Machine Market Overview
Road markings play an important role in road safety. It provides drivers with safety information such as vehicle position, road alignment, and other important road information. A road marking machine is a kind of device specially used to mark various traffic lines on an asphalt or concrete surface to provide guidance and information to drivers and pedestrians. In addition to safety signs, they can provide road markings of various designs and sizes. The process is accomplished through screeding, extrusion, and spraying of thermoplastic or low-temperature solvent paint onto the pavement surface. It is mainly used in parking lots, roadsides, roads, highways, etc., and contributes to improving the convenience and safety of driving and walking.
Contrive Datum Insights has recently published the Road Marking Machine Market to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static and dynamic aspects of the global Road Marking Machine market.
Some of the key players profiled in the study are:
Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Automark Industries, Road Marking Equipment, Graco Inc, Borum A/S, RME Road Marking Equipmen, Dayu Road Marking, TATU Traffic Group, Hofmann Gmb, Hawk Pumps, STiM Group, Titan Tool Inc, Unimark Machines Pvt Ltd., Zhenjiang Winfar Transport Facilities, and others.
What are the major Applications, Types, and Regions for the Road Marking Machine Market?
On the Basis of Type:
- Fully Automatic, Semi-Automatic, Manual
On the Basis of Application:
- Road Markings, Anti-Skid Markings, Car Park Markings, Other
Road Marking Machine Market Regional Insights:
APAC is the leading growing economy and accounted for 41% of the global Road Marking Machine market revenue in 2019. This share is likely to remain the same over the forecast period. The road marking machine market in the Asia Pacific is expected to grow due to road infrastructure. Spending has increased, as has an investment in road infrastructure.
India has the second-largest road network in the world with a total length of about 5.6 km. Population growth combined with urbanization will necessitate an expanded road network. Government initiatives such as 'Make in India' are expected to drive the demand for road marking machines by inducing numerous global RMM manufacturers to set up operations in India.
Latin America is the fastest-growing economy in the global Road Marking Machine market with a CAGR of 10.9% in 2019. The region holds great potential and opportunities in Road Marking Machines. In addition, the two major economies of the region, Brazil and Argentina, are increasing their investments in road infrastructure, resulting in high demand for road marking machines.
Brazil is projected to be one of the fastest-growing economies in the region. It has the world's fourth-largest road network and fifth-largest population. It has great potential in the Road Marking Machine market as it will increase spending on road infrastructure projects during the forecast period.
Geographically, the global Road Marking Machine market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Road Marking Machine Market Report Scope:
CAGR of 9.3% from 2022 to 2030.
Fully Automatic, Semi-Automatic, Manual
Road Markings, Anti-Skid Markings, Car Park Markings, Other
Automark Industries, Road Marking Equipment, Graco Inc, Borum A/S, RME Road Marking Equipmen, Dayu Road Marking, TATU Traffic Group, Hofmann Gmb, Hawk Pumps, STiM Group, Titan Tool Inc, Unimark Machines Pvt Ltd., Zhenjiang Winfar Transport Facilities
Regions and Countries Covered
2017 to 2022
2023 to 2030
Frequently Asked Questions (FAQ) about the Road Marking Machine market:
What is the CAGR of the global Road Marking Machine market?
The Road Marking Machine Market is growing at a CAGR of 9.3% during the forecast period.
Which region would offer high growth for vendors in the Road Marking Machine market?
APAC is the leading growing economy and accounted for 41% of the global Road Marking Machine market revenue in 2019.
Which Is the Most potential market segment?
By Types- Fully Automatic, Semi-Automatic, Manual
By Applications - Road Markings, Anti-Skid Markings, Car Park Markings, Other
Which are the top industry players in the Road Marking Machine market?
Automark Industries, Road Marking Equipment, Graco Inc, Borum A/S, RME Road Marking Equipmen, Dayu Road Marking, TATU Traffic Group, Hofmann Gmb, Hawk Pumps, STiM Group, Titan Tool Inc, Unimark Machines Pvt Ltd., Zhenjiang Winfar Transport FacilitiesAll of our reports are custom to your company's needs to some extent and we offer 5 hours of free consultation time with each report purchase, which will allow you to request any additional data to custom the report to your needs.