Road Marking Machine Market Growth, Size, Trends, Revenue, Challenges and Future Outlook
Road Marking Machine Market Size- By Application, By Operation Type, By Material Capacity, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: MACH2364 | Pages: 1 - 105 | Formats*: |
| Category : Equipment and Machinery | |||
Road Marking Machine Market Introduction and Overview
According to SPER Market Research, the Global Road Marking Machine Market is estimated to reach USD 18.85 billion by 2033 with a CAGR of 9.53%.
The report includes an in-depth analysis of the Global Road Marking Machine market, including market size and trends, product mix, distribution channels, and supplier analysis. A road marking machine is a specific type of equipment used to draw various traffic lines on concrete or blacktop surfaces to provide pedestrians and drivers with direction and information. Along with safety signs, they are also able to provide various road marking designs and sizes. The pavement surface is painted using thermoplastic or cold solvent paints by screeding, extruding, and spraying. It helps to increase the comfort and safety of driving and walking and is primarily used in parking lots, avenues, streets, highways, etc.
- LimnTech Scientific selected the Advanced Navigation Certus MEMS INS for dependable, accurate automated road marking in urban and rural settings. Certus improves performance in GNSS-degraded areas and is simple to integrate. In dangerous environments, this system significantly reduces injury and death.
- WJ unveiled ThermoPrint, an automated device that does away with the need for hand-applied thermoplastic road markings, in February 2023. This innovation was first seen in the UK. The device can read pre-existing markings, compare them to preprogrammed designs, and then reapply thermoplastic to revitalize and standardize them.
Market Opportunities and Challenges
Opportunities: The increasing number of accidents caused by poorly marked roads, the increase in government spending on road infrastructure development, and technological advancements are anticipated to propel the global market for road marking machines. The market expansion is anticipated to be hampered, nevertheless, by road contractors' cautious approach and fluctuating raw material prices. Conversely, the rise of autonomous vehicles and the development of smart cities are the things that are opening up profitable opportunities for the major players in the road marking machine industry.
Challenges: The price of raw materials in the road marking machine industry has increased due to a number of factors, including rising transportation costs, rising labor costs, and the depreciation of China's currency, which is a major exporter of raw material components. Additionally, as a result of the pandemic-related disruption to the supply chain, suppliers and original equipment manufacturers face challenges from fluctuating prices of raw materials such as thermoplastic paint, engines, air compressors, paint buckets, spray guns, and other chemicals like titanium dioxide. Consequently, this will impede the expansion of the road marking machine sector.
Market Competitive Landscape
The Road Marking Machines market is highly consolidated due to the existence of numerous players operating both internationally and regionally. EZ Liner, Automark Industries, Borum A/S, Dayu Road Marking, Tatu Highway Group Co., ltd., HOFMANN, Advanced Striping Equipment, M-B Companies, Road Marking Services, Nanjing Roadsky Traffic Facility Co.,Ltd., MRL Equipment Co., STiM, Hawk Pumps, Titan Tool Inc., Graco Inc., Road Marking Equipment (RME), Zhengzhou Dayu Machinery Co., Ltd. these are the major companies for Road Marking Machine Market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Application, By Operation Type, By Material Capacity, By Distribution Channel |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | EZ Liner, Automark Industries, Borum A/S, Dayu Road Marking, Tatu Highway Group Co., ltd., HOFMANN, Advanced Striping Equipment, M-B Companies, Road Marking Services, Nanjing Roadsky Traffic Facility Co.,Ltd., MRL Equipment Co., STiM, Hawk Pumps, Titan Tool Inc., Graco Inc., Road Marking Equipment (RME), Zhengzhou Dayu Machinery Co., Ltd |
COVID-19 Impact on Global Road Marking Machine Market
The market for road marking machines is uncertain due to the COVID-19 crisis. Various regional governments have declared a complete lockdown and temporary closure of industries, which will have a negative impact on overall sales and production. Nations all over the world have implemented strict regulations, ranging from lockdown periods of days to months. Many businesses have stopped operating as a result of the pandemic and are waiting for the market to improve. Reverse migration and supply chain disruption are just two of the numerous repercussions that the construction industry is anticipated to experience as a result of COVID-19.
Key Target Audience:
- Government Authorities and Agencies
- Contractors and Construction Companies
- Traffic Management Authorities
- Road marking machine manufacturers
- Suppliers of road marking materials
- Maintenance and Service Providers
Our in-depth analysis of the Road Marking Machine Market includes the following segments:
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| By Operation Type: |
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| By Material Capacity: |
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| By Distribution Channel: |
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Key Topics Covered in the Report:
- Global Road Marking Machine Market Size (FY’2023-FY’2033)
- Overview of Global Road Marking Machine Market
- Segmentation of Global Road Marking Machine Market By Application (Road, Car Park, Anti-Skid, Others)
- Segmentation of Global Road Marking Machine Market By Operation Type (Manual
- Semi-Automatic/Fully Automatic)
- Segmentation of Global Road Marking Machine Market By Material Capacity (Less Than 100 Ltr, 100 Ltr - 250 Ltr, 251 Ltr - 750 Ltr, More Than 750 Ltr)
- Segmentation of Global Road Marking Machine Market By Distribution Channel (Online, Offline)
- Statistical Snap of Global Road Marking Machine Market
- Expansion Analysis of Global Road Marking Machine Market
- Problems and Obstacles in Global Road Marking Machine Market
- Competitive Landscape in the Global Road Marking Machine Market
- Impact of COVID-19 and Demonetization on Global Road Marking Machine Market
- Details on Current Investment in Global Road Marking Machine Market
- Competitive Analysis of Global Road Marking Machine Market
- Prominent Players in the Global Road Marking Machine Market
- SWOT Analysis of Global Road Marking Machine Market
- Global Road Marking Machine Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Road Marking Machine Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Road Marking Machine Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Road Marking Machine Market
7. Global Road Marking Machine Market, By Application (USD Million)
7.1. Global Road Marking Machine Market Value Share and Forecast, By Application, 2023-20337.2. Road7.3. Car Park7.4. Anti-Skid7.5. Others
8. Global Road Marking Machine Market, By Operation Type (USD Million)
8.1. Global Road Marking Machine Market Value Share and Forecast, By Operation Type, 2023-20338.2. Manual8.3. Semi-Automatic/Fully Automatic
9. Global Road Marking Machine Market, By Material Capacity (USD Million)
9.1. Global Road Marking Machine Market Value Share and Forecast, By Material Capacity, 2023-20339.2. Less Than 100 Ltr9.3. 100 Ltr - 250 Ltr9.4. 251 Ltr - 750 Ltr9.5. More Than 750 Ltr
10. Global Road Marking Machine Market, By Distribution Channel (USD Million)
10.1. Global Road Marking Machine Market Value Share and Forecast, By Distribution Channel, 2023-203310.2. Online10.3. Offline
11. Global Road Marking Machine Market Forecast, 2019-2033 (USD Million)
11.1. Global Road Marking Machine Market Size and Market Share
12. Global Road Marking Machine Market, By Application, 2019-2033 (USD Million)
12.1. Global Road Marking Machine Market Size and Market Share By Application (2019-2026)12.2. Global Road Marking Machine Market Size and Market Share By Application (2027-2033)
13. Global Road Marking Machine Market, By Operation Type, 2019-2033 (USD Million)
13.1. Global Road Marking Machine Market Size and Market Share By Operation Type (2019-2026)13.2. Global Road Marking Machine Market Size and Market Share By Operation Type (2027-2033)
14. Global Road Marking Machine Market, By Material Capacity, 2019-2033 (USD Million)
14.1. Global Road Marking Machine Market Size and Market Share By Material Capacity (2019-2026)14.2. Global Road Marking Machine Market Size and Market Share By Material Capacity (2027-2033)
15. Global Road Marking Machine Market, By Distribution Channel, 2019-2033 (USD Million)
15.1. Global Road Marking Machine Market Size and Market Share By Distribution Channel (2019-2026)15.2. Global Road Marking Machine Market Size and Market Share By Distribution Channel (2027-2033)
16. Global Road Marking Machine Market, By Region, 2019-2033 (USD Million)
16.1. Global Road Marking Machine Market Size and Market Share By Region (2019-2026)16.2. Global Road Marking Machine Market Size and Market Share By Region (2027-2033)16.3. Asia-Pacific
16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada16.6.2. Mexico16.6.3. United States
16.7. Latin America
16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. Advanced Striping Equipment
17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments
17.2. Automark Industries
17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments
17.3. Borum A/S
17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments
17.4. Dayu Road Marking
17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments
17.5. EZ Liner
17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments
17.6. Graco Inc.
17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments
17.7. Hawk Pumps
17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments
17.8. Hofmann
17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments
17.9. M-B Companies
17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments
17.10. MRL Equipment Co.
17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments
17.11. Nanjing Roadsky Traffic Facility Co., Ltd.
17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments
17.12. STiM
17.12.1. Company details17.12.2. Financial outlook17.12.3. Product summary17.12.4. Recent developments
17.13. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Road Marking Machine Market is projected to reach USD 18.85 billion by 2033, growing at a CAGR 9.53% during the forecast period.
Road Marking Machine Market from 2022. The Market is expected to reach USD 18.85 billion by 2033, at a CAGR of 9.53% during the forecast period.
Road Marking Machine Market CAGR of 9.53% during the forecast period.
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Road Marking Machine Market size is USD 18.85 billion from 2023 to 2033.
Road Marking Machine Market is Segment covered By Application, By Operation Type, By Material Capacity, By Distribution Channel.
The North America is anticipated to have the highest market share in the Road Marking Machine Market.
The market expansion is anticipated to be hampered, nevertheless, by road contractors' cautious approach and fluctuating raw material prices.
The key players in the market include Companies Covered EZ Liner, Automark Industries, Borum A/S, Dayu Road Marking, Tatu Highway Group Co., ltd., HOFMANN, Advanced Striping Equipment, M-B Companies, Road Marking Services, Nanjing Roadsky Traffic Facility Co.,Ltd., MRL Equipment Co., STiM, Hawk Pumps, Titan Tool Inc., Graco Inc., Road Marking Equipment (RME), Zhengzhou Dayu Machinery Co., Ltd.
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