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Road Marking Machine for Highway Safety Markings
Road safety and traffic management depend on clear and visible road lines. A road marking machine is essential equipment used for creating durable lane markings on highways, parking areas, and urban roads. These machines apply thermoplastic or paint markings that guide vehicles and improve traffic flow.
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Thermoplastic road marking machine is gradually developed and improved with the development of hot-melt coating. Thermoplastic road marking machine is a machine with high degree of automation.
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According to the construction temperature, the road marking machine is roughly divided into thermoplastic road marking machine and cold paint road marking machine.
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Road Marking Machine Market Size Worth $11.32 Billion By 2025
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.
To request a sample copy or view summary of this report, click the link below: 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
U.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.
See More Reports of This Category: https://www.grandviewresearch.com/industry/automotive-and-transportation
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.
