The Global Road Marking Machine Market Size was calculated at USD 5.78 billion in 2017 and is excepted to cross USD XX.XX billion by 2025, to witness a CAGR of 9.12 in coming years due to growing huge investment in the road infrastructure, easy government policies and industrialization etc. additionally, increasing need for road safety and new activities in infrastructure project is anticipated to drive the worldwide industry in coming years.

Global Road Marking Machine Market Growth Opportunities (Revenue, Growth) By 2017-2025

Markings on the road plays an important role in road safety, it provides safety information such as positioning of vehicle, road alignment, and vital road information to the drivers.  Across the globe the regulatory bodies of government are taking important steps to ensure road safety because improper road marking can lead to serious injuries and can cause death hence, road marking plays important role on road safety for increasingly stringent safety standards that ensure road safety are prompting governments across the globe to take initiatives to provide proper road instructions. Based on the type of road  marking machine market can be segmented into self-propelled machine truck ,hand-guided machine  as compared to other machine truck machine gives better flexibility and enhance the safety for operator, and can easily transported from one place to another.

Market Dynamics:

The global road marking machine market size was valued at USD 6.05 billion in 2018 and is projected to be significant growth in upcoming years owing to increasing investments in the development of road infrastructure. Road markings form an integral part of road safety and maintenance as they help pedestrians and drivers analysis better in a safer manner. Thus, rising need maintenance of road and its safety is expected to accelerate the market over the forecast period.

Moreover, globally increasing scope of industrialization and urbanization is expected to catapult the demand for high-quality infrastructure in the upcoming years. Across the world government have increased their investment on road infrastructure, to achieve balanced regional economic development, encourage education. Due to the government major investment in road marking market is expected to grow high over the forecast period.

Market Segmentation:

Based on application, the road marking machine market can be segmented into road marking, car parking, and others. Road markings application segment accounted for the highest market share, in terms of revenue, in 2017 road marking machine plays an important role in safety of drivers and also it provide useful information through symbols. During the forecast period there is huge growth in infrastructure in developing countries are likely to propel the road marking segment and also there is huge demand for road marking machine in the car parking segment is increasing the order to maintain road traffic.

In 2018, car park lining segment was the second-largest application segment and is projected to witness the fastest CAGR over the upcoming period. In terms of revenue, anti-skid segment also had a high market share and is likely to witness a steady growth in future.

Regional Analysis: 

U.S. is the one of the major highest regional market on account of its high-end research capabilities with the help of government support to revolutionize the country’s RMM industry these factor are also expected to accelerate the market North America. As per ITF-OECD report 2017 U.S. invested over USD 80 billion for road safety and maintenance as well as planned to invest USD 150 billion over the upcoming years.

Long term companies in the global market focus more on the scope of economy than the economies of scale as RMM can be used for different applications across construction and infrastructure industries. Therefore, development of new product and extensive marketing activities hold significant importance among companies to gain a competitive benchmark in the market.

Global Road Marking Machine Market Size, Share Analysis By Region 2017

Asia Pacific is expected to lead the global market in upcoming years. In Asia Pacific region India, China, Japan is leading largest economies among the Asia pacific region that are anticipated to influence the global industry. Increasing industrialization, technological development and infrastructure development, are the major factors propelling the growth of market. Europe also accounted for a significant share of the global market in terms of revenue in 2017 owing to high demand for RMM from numerous end-user industries. In Europe market major countries like Germany, France, Italy, and U.K are the major countries where the growth of road market machine market will project more in upcoming period.

Road Marking Machine Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Road Marking Machine Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in road marking machine market are included as primary sources of the supply side.

After performing comprehensive engineering of road marking machine market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Key Player:

Key industry participants include 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. 

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