Road Marking Machines Market is expected to register the highest CAGR according to market forecasts

Posted January 6, 2020 by andreadevis

the global road marking machines market expected to reach the market value of US$ 11.83 Bn in 2027 and is set to demonstrate promising CAGR of 6.01% across the forecast period through 2019 to 2027.”

According to a new market research report published by Credence Research “the global road marking machines market expected to reach the market value of US$ 11.83 Bn in 2027 and is set to demonstrate promising CAGR of 6.01% across the forecast period through 2019 to 2027.”

Market Insights
Road marking machines market is supposed to show a promising surge in the years to come, mainly due to rapidly growing urbanisation around the world. Significant penetration of mechanised techniques in the road marking process is expected to stimulate the demand for road marking machines over the forecast period. Similarly, infrastructure spending has led to a rebound after the global financial crisis and is projected to grow significantly over the next decade. Worldwide, expenditure on road infrastructure is expected to increase from US$ 837 billion in 2018 to US$ 995 billion by 2027. With increasing investment in road infrastructure, the demand for road marking equipment is expected to increase at a significant rate throughout the forecast period.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction to the Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also included]

Overall road marking machines market segmented on the basis of type of machine, type of operation and application. On the basis of the application, the market was dominated by the segment of road marking in 2018. Road markings control and guide traffic on the highway in particular. These markings serve as a psychological barrier and provide a description of the route and avoid possible traffic hazards for the safe functioning of the traffic. Consequently, these markings play a vital role in ensuring a smooth, safe and harmonious flow of traffic. Several types of road markings, including transverse markings, object markings, longitudinal markings and other special markings, warn the driver of hazardous road locations. With developments in road infrastructure, the segment is expected to retain its dominant position among others. Based on the geography, Asia Pacific marketed road marking machines globally in 2018. The market in the region has been strongly supported by Japan, China, India, and Australia, among others. Road infrastructure investment in Asia Pacific amounted to US$ 504 billion in 2018 and is expected to reach US$ 619 billion by 2027.

Competitive Insights: Major players in the market for road marking machines include the STiM Group, Titan Tool Inc., Hofmann GmbH, Zhenjiang Winfar Transport Facilities Co. Ltd., Borum A / S, TATU Traffic Group, Graco, Inc., Automark Industries (India) Ltd., Zhengzhou Dayu Machinery Co., Ltd. and RME Road Marking Equipment, amongst others. Road marking machine manufacturers are primarily aimed at R&D activities to introduce advanced mechanisms in the process. For example, in September 2018, Titan Tool Inc. introduced an innovative low-pressure spray foam gun that enables high efficiency by operating at twice the speed of other guns.

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Key questions answered in this report
• What was the market size of road marking machines in 2018 and forecast up to 2027?
• Which is largest regional market for road marking machines?
• What are the key market trends observed in the road marking machines market and outlook for road infrastructure development?
• Which is the most promising machine type, operation type and application in road marking machines market?
• Who are the key players leading the market?
• What are the key strategies adopted by the leading players in market?
• What are the key technology trends in road marking machines across different geographies and sub-geographies?

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Tags Road Marking Machines Market
Last Updated January 6, 2020