Press release
Road Marking Equipment Market is Expanding at a CAGR of around 6% over the next ten years|Vogel Traffic Services (DBA EZ-Liner), Hofmann, Graco Inc
Road Marking Equipment Market 2021-2031
As per Persistence Market Research analysis, the global road marking equipment market is projected to be valued at around US$ 1.1 Bn in 2021, expanding at a CAGR of around 6% over the next ten years. Growing road infrastructure and rising standards for road safety are factors driving demand for road marking equipment.
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The ongoing crisis caused by the COVID-19 pandemic has resulted in the disruption of supply chain networks and manufacturing activities. Though sales of road marking equipment are understood to have plummeted during the initial stages of the pandemic, with regional manufacturing sector operations reviving toward threshold rates, the market is expected to recover sharply over the coming years.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Vogel Traffic Services (DBA EZ-Liner), Hofmann, Graco Inc., MRL Equipment Co., M-B Companies, BORUM A/S, The Weir Group plc, STiM, CMC s.r.l., Winter Markiertechnik GmbH, and Toyo Nainenki Kogyosha Co., Ltd and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Road Marking Equipment.
Key Takeaways from Market Study
By type, hand-propelled road marking equipment is anticipated to gain prominent share, owing lower price and higher mobility.
With research & development, new techniques are making market competition tougher. Tier-I manufacturers are focusing on high performance and advanced road marking equipment for end users.
Increasing safety standards by national as well as international organizations for road safety will uplift the sales of road marking equipment.
Airless technology will account for a prominent share in road marking equipment. Higher precision, lower coating loss, and higher paint dispersion angles are factors advancing growth of airless road marking equipment.
India, East Asia, and parts of the European region are picking up pace in the road marking equipment industry, owing to robust outlook of various end-use sectors across these regions.
“Implementation of new as well as delayed road construction projects coupled with stricter road safety standards is anticipated to boost market growth over the coming years,” says a Persistence market Research analyst.
Key Stakeholders
Road Marking Equipment Market Manufacturers
Road Marking Equipment Market Distributors/Traders/Wholesalers
Road Marking Equipment Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
If you have any special requirements, please let us know and we will offer you the report as you want.
View Report Table of Contents, Figures, and Tables@ https://www.persistencemarketresearch.com/market-research/road-marking-equipment-market/toc
Major Highlights of the Road Marking Equipment Market Report:
The Road Marking Equipment Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Road Marking Equipment Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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Media Contact:
Persistence Market Research
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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