Global Road Marking Machine Market Overview
Road marking equipment is also called road marking machine or pavement marking equipment. Road marking equipment is a machine or equipment which is employed to form road markings on paved surfaces. Road marking provides guidance for the driving force and pedestrians so as to safe and secure commute. Uniformity in road marking needs good and efficient equipment in order that it doesn’t create any confusion about the sign of the mark or marking. There are many types of road marking equipment which is employed for marking the various sorts of signs and features like traffic lanes that inform motorists and pedestrian where to prevent and also helps the pedestrian to cross the road. Road marking is also essential because it navigates the driving force for safely driving and should be helpful for navigating the autonomous road vehicles within the nearby future. The global road marking machine market accounted for US$ 7.0 billion in 2020 and is estimated to be US$ 15.2 billion by 2029 and is anticipated to register a CAGR of 9.0%.
Impact of Covid-19 pandemic on market
With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. The automotive & transportation industry is amongst the foremost exposed verticals to the continued COVID-19 outbreak and is currently amidst unprecedented uncertainty. COVID-19 is predicted to possess a big impact on the availability chain and merchandise demand within the automotive sector. The industry's concern has moved on from being centred on supply chain disruption from China to the general slump in demand for automotive products. The demand for commercial vehicles is predicted to plummet with the shutdown of all non-essential services. This report will quantify the impact of pandemic on road marking machine market.
Global Road Marking Machine Market Dynamics
Governments across the globe have increased their spending on road infrastructure, to realize balanced regional economic development, facilitate better trade and travel, and encourage education. Thus, rising investments by major governments are expected to drive the market over the forecast period. For instance, As per 2017 ITF-OECD report, U.S. invested over USD 80 billion for road safety and maintenance as well as planned to invest over USD 150 billion over the coming years.
Increasingly stringent safety standards
Increasingly stringent safety standards that ensure road safety are prompting governments across the world to require initiatives to supply proper road instructions. Road transport plays a crucial role within the development of a rustic, and it contributes considerably to the GDP of the country. Rise during a number of road fatalities because of improper road marking is probably going to supply significant opportunities to the road marking machine market. Furthermore, growing industrialization alongside rapid urbanization is probably going to spice up the demand for road marking machines during the forecast period. However, auto manufacturers are providing the newest technologies, like blind-spot detection and driver assistance systems, which are likely to scale back the amount of road fatalities. This, in turn, is estimated to hamper the road marking machine market during the forecast period.
Global Road Marking Machine Market Segmentation
The global road marking machine market is segmented based on type, application and region.
On the basis of type, the global road marking machine market is segmented into fully automatic, semi-automatic, and manual. Based on application the target market segmented into road markings, anti-skid markings, car park markings, and others.
Regional Insights:
On region the global road marking machine market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is projected to lead the worldwide market over the forecast period. China, India, and Japan are among the most important economies within the Asia Pacific region that are anticipated to influence the worldwide industry. Rising industrialization, technological developments, and rapid urbanization and infrastructure development are the main factors driving the expansion of the market. Europe also accounted for a big share of the worldwide market in terms of revenue in 2018 due to high demand for RMM from numerous end-user industries. Germany, France, Italy, and the U.K. are the main countries for the Europe market. Central & South America accounted for around 18.65% of the worldwide share in 2018. The region offers tremendous growth potential and opportunities for the market and thus, is projected to progress at the fastest CAGR of 10.8% over the forecast period.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Type- Fully Automatic, Semi-Automatic, and Manual By Application- Road Markings, Anti-Skid Markings, Car Park Markings, and Others |
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Delivery Mode Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global road marking machine market report based on type, application, and region.
Global Road Marking Machine Market, By Type:
- Fully Automatic
- Semi-Automatic
- Manual
Global Road Marking Machine Market, By Application:
- Road Markings
- Anti-Skid Markings
- Car Park Markings
- Others
Global Road Marking Machine Market, By Region:
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-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Road Marking Machine Market Key Players
The key players operating in the global road marking machine market includes 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.. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, some of the major manufacturers are exploring new markets and expanding their presence in emerging economies including India, Brazil, China, Saudi Arabia, and UAE. Many of them companies are investing heavily in R&D to develop new products.
Global Road Marking Machine Market Company Profile
- Hofmann GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Borum A/S
- Graco Inc.
- RME Road Marking Equipment
- STiM Group
- Dayu Road Marking
- Automark Industries
- Titan Tool Inc.
- TATU Traffic Group
- Zhenjiang Winfar Transport Facilities Co., Ltd.
Global Road Marking Machine Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Road Marking Machine Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Road Marking Machine Market, By Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Fully Automatic
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Semi-Automatic
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Manual
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Road Marking Machine Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Road Markings
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Anti-Skid Markings
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Car Park Markings
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Road Marking Machine Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Hofmann GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Borum A/S
- Graco Inc.
- RME Road Marking Equipment
- STiM Group
- Dayu Road Marking
- Automark Industries
- Titan Tool Inc.
- TATU Traffic Group
- Zhenjiang Winfar Transport Facilities Co., Ltd.
- Hofmann GmbH
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- The Last Word
- Future Impact
- About Us
- Contact
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Road Marking Machine Market: Type Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Type
TABLE Global Road Marking Machine Market, by Type 2016-2027 (USD Million)
TABLE Road Marking Machine Market: Application Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Road Marking Machine Market, by Application 2016-2027 (USD Million)
TABLE Road Marking Machine Market: Regional snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Road Marking Machine Market, by Region 2016-2027 (USD Million)
TABLE North America Road Marking Machine Market, by Country, 2016-2027 (USD Million)
TABLE North America Road Marking Machine Market, by Type, 2016-2027 (USD Million)
TABLE North America Road Marking Machine Market, by Application, 2016-2027 (USD Million)
TABLE Europe Road Marking Machine Market, by Country, 2016-2027 (USD Million)
TABLE Europe Road Marking Machine Market, by Type, 2016-2027 (USD Million)
TABLE Europe Road Marking Machine Market, by Application, 2016-2027 (USD Million)
TABLE Asia Pacific Road Marking Machine Market, by Country, 2016-2027 (USD Million)
TABLE Asia Pacific Road Marking Machine Market, by Type, 2016-2027 (USD Million)
TABLE Asia Pacific Road Marking Machine Market, by Application, 2016-2027 (USD Million)
TABLE Latin America Road Marking Machine Market, by Country, 2016-2027 (USD Million)
TABLE Latin America Road Marking Machine Market, by Type, 2016-2027 (USD Million)
TABLE Latin America Road Marking Machine Market, by Application, 2016-2027 (USD Million)
TABLE Middle East and Africa Road Marking Machine Market, by Country, 2016-2027 (USD Million)
TABLE Middle East and Africa Road Marking Machine Market, by Type, 2016-2027 (USD Million)
TABLE Middle East and Africa Road Marking Machine Market, by Application, 2016-2027 (USD Million)
List of Figures
FIGURE Road Marking Machine Market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE COVID-19 Impact Analysis
FIGURE Pre & Post COVID-19 Impact Comparison Study
FIGURE Competitive Landscape; Key company market share analysis, 2019
FIGURE Type segment market share analysis, 2020 & 2027
FIGURE Type segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Application segment market share analysis, 2020 & 2027
FIGURE Application segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Regional segment market share analysis, 2020 & 2027
FIGURE Regional segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE North America Road Marking Machine Market share and leading players, 2019
FIGURE Europe Road Marking Machine Market share and leading players, 2019
FIGURE Asia Pacific Road Marking Machine Market share and leading players, 2019
FIGURE Latin America Road Marking Machine Market share and leading players, 2019
FIGURE Middle East and Africa Road Marking Machine Market share and leading players, 2019
FIGURE North America market share analysis by country, 2019
FIGURE U.S. Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Canada Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Europe Road Marking Machine Market share analysis by country, 2019
FIGURE Germany Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Spain Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Italy Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE UK Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE France Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of the Europe Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Asia Pacific Road Marking Machine Market share analysis by country, 2019
FIGURE India Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE China Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Japan Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE South Korea Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Singapore Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of APAC Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Latin America Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Latin America Road Marking Machine Market share analysis by country, 2019
FIGURE Brazil Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Mexico Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Argentina Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of LATAM Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Middle East and Africa Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Middle East and Africa Road Marking Machine Market share analysis by country, 2019
FIGURE Saudi Arabia Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE United Arab Emirates Road Marking Machine Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FAQs
The road marking machine market accounted for 7.0 billion in 2020 and is estimated to be US$ 15.2 billion by 2029 and is anticipated to register a CAGR of 9.0%.
The market report has been segmented on the basis of type, application and region.
The Road Marking Machine Market is driven by factors such as increasing road infrastructure development, rising demand for safety and traffic management solutions, and government initiatives for enhanced road safety and visibility.
The high initial cost of road marking machines, maintenance requirements, and variations in road marking standards and regulations across different regions, acting as potential restraints for the Road Marking Machine Market globally.
North America, Europe, Asia-Pacific, and Latin America. Asia-Pacific is expected to dominate the Road Marking Machine Market, driven by extensive road construction projects, urbanization, and increasing government investments in transportation infrastructure in the region.
The prominent player operating in the global road marking machine market includes 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..