Road Marking Machine Market on Track to Hit $17.21 Billion Globally by 2031, with a 9.3% CAGR

The 𝐑𝐨𝐚𝐝 𝐌𝐚𝐫𝐤𝐢𝐧𝐠 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. Surge in the number of road accidents due to the absence of road markings, increase in the number of vehicles on roads, and prevalence of government expenditure on developing road infrastructure are expected to drive the growth of the global road marking machine market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/A09111

The report offers a detailed segmentation on the global road marking machine market based on operation type, material capacity, application, distribution channel, and region.

The concept of road marking machine is mechanical equipment used for making road markings on the surface of highway, runway, parking lots, and others in order to maintain the traffic order along with safety. These machines on the basis of the coatings were utilized and classified into a few categories such as thermoplastic paint, cold paint and two-component paint type. For instance, in 2019, the Florida-based company, Hog Technologies, has developed an entire Hog family of products - the Paint Hog, Rumble Hog, Surface Hog - that offers a wide variety of road marking system solutions to the industry.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Based on region, the market across Asia-Pacific region held the dominating market share in 2021, garnering nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The LAMEA region, on the other hand, is predicted to cite the fastest CAGR of 11.1% during the forecast period.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐭𝐡𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/c3680cf1de044538d5ac16581a4965eb

According to Urban Institute, a nonprofit research organization, in 2019, 42% of highway and road spending went toward operational costs, such as maintenance, repair, snow and ice removal, highway and traffic design and operation, and highway safety. The other 58% went toward capital spending, such as the construction of both highways and roads globally. Hence, such growing investments by governments on developing road infrastructures is expected to drive the road marking machine market.

Factors such as rise in government spending on developing road infrastructure, rising number of accidents due to absence of road markings, and technological advancements are expected to drive the global road marking machine market. However, fluctuating raw material prices and conservative approach of road contractors are the factors expected to hamper the market growth. On the contrary, development of smart cities and emergence of autonomous vehicles are the factors creating lucrative opportunity for the key players operating in market.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

𝐆𝐫𝐚𝐜𝐨 𝐈𝐧𝐜., 𝐑𝐨𝐚𝐝 𝐌𝐚𝐫𝐤𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬, 𝐑𝐨𝐚𝐝 𝐌𝐚𝐫𝐤𝐢𝐧𝐠 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 (𝐑𝐌𝐄), 𝐍𝐚𝐧𝐣𝐢𝐧𝐠 𝐑𝐨𝐚𝐝𝐬𝐤𝐲 𝐓𝐫𝐚𝐟𝐟𝐢𝐜 𝐅𝐚𝐜𝐢𝐥𝐢𝐭𝐲 𝐂𝐨.,𝐋𝐭𝐝., 𝐒𝐓𝐢𝐌, 𝐙𝐡𝐞𝐧𝐠𝐳𝐡𝐨𝐮 𝐃𝐚𝐲𝐮 𝐌𝐚𝐜𝐡𝐢𝐧𝐞𝐫𝐲 𝐂𝐨., 𝐋𝐭𝐝, 𝐇𝐎𝐅𝐌𝐀𝐍𝐍, 𝐃𝐚𝐲𝐮 𝐑𝐨𝐚𝐝 𝐌𝐚𝐫𝐤𝐢𝐧𝐠, 𝐌𝐑𝐋 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐂𝐨., 𝐀𝐮𝐭𝐨𝐦𝐚𝐫𝐤 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬, 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐒𝐭𝐫𝐢𝐩𝐢𝐧𝐠 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭, 𝐓𝐚𝐭𝐮 𝐇𝐢𝐠𝐡𝐰𝐚𝐲 𝐆𝐫𝐨𝐮𝐩 𝐂𝐨., 𝐥𝐭𝐝., 𝐇𝐚𝐰𝐤 𝐏𝐮𝐦𝐩𝐬, 𝐁𝐨𝐫𝐮𝐦 𝐀/𝐒, 𝐌-𝐁 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬, 𝐄𝐙 𝐋𝐢𝐧𝐞𝐫, 𝐓𝐢𝐭𝐚𝐧 𝐓𝐨𝐨𝐥 𝐈𝐧𝐜.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮'𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A09111

Based on material capacity, the 251 Ltr - 750 Ltr segment held the dominating market share in 2021, holding nearly one-third of the global market, and is expected to maintain its leadership status during the forecast period. The 100 Ltr - 250 Ltr segment, on the other hand, is expected to cite the fastest CAGR of 11.4% during the forecast period.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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