Road Marking Machine Market To Accomplish Growth At A CAGR of 9.3% By 2025 Due To Rising Road Maintenance, Safety Activities And Increasing Accidental Cases on Roads | Million Insights
The global Road Marking Machine Market size is anticipated to reach USD 11.32 billion by the end of 2025. It is anticipated to register a CAGR of 9.3% during the forecasted period, 2019 to 2025. This can be attributed to increasing demand for roadway markings to avoid accidents and to guide the drivers on highways.
The segment of automatic RMM machine type is anticipated to register highest growth in the upcoming years. They are largely being used for road marking on highways and for repairing purposes. On the other hand, semi-automatic machine type held the second-largest share across the global market.
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The road marking segment is anticipated to reach USD 2.91 billion by 2025 owing to rising roadway constructional activities across all countries. The car parking segment held the second-largest share and is expected to witness the highest growth in the upcoming years due to rising number of automobiles across urban cities.
Asia Pacific is anticipated to hold the highest share in the global market in the upcoming years owing to technological developments, rapid urbanization, and rising industrialization across this region. On the other hand, Central and South America held a share of 18.65% due to significant growth in terms of opportunities and increased potential for constructional activities.
The road marking machines market includes key players such as Borum A/S; STiM Group; Graco Inc.; Automark Industries and TATU Traffic Group. They are majorly focusing on developing regions owing to rising investments across infrastructure and constructional activities. Moreover, they have started investing in R&Ds for product development and innovation.
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Further key findings from the report suggest:
• The automatic RMM machine is anticipated to gain highest growth from 2019 to 2025 due to implementation of laser and sensor based technology.
• The road marking segment is expected to generate USD 2.91 billion in terms of revenue by 2025.
• Asia Pacific is projected to register highest share across the global market from 2019 to 2025.
• The key players in this market are RME Road Marking Equipment; Borum A/S; STiM Group; Graco Inc.; Automark Industries and TATU Traffic Group.
Million Insights has segmented the global road marking machine market on the basis of machine type, application and region:
Road Marking Machine Type Outlook (Revenue, USD Million, 2014 – 2025)
• Manual
• Semi-Automatic
• Fully Automatic
Road Marking Machine Application Outlook (Revenue, USD Million, 2014 – 2025)
• Road
• Car Park
• Anti-Skid
• Others
Road Marking Machine Regional Outlook (Revenue, USD Million, 2014 – 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• France
• Italy
• U.K.
• Asia Pacific
• China
• India
• Japan
• South Korea
• Middle East and Africa
• Saudi Arabia
• Central & South America
• Brazil
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