Road Marking Machine Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4948
Road Marking Machine Market size is expected to grow at a significant rate from 2021 to 2027. The road marking machine is used to print signs regarding the official information for pedestrians and drivers on the road. Road markings play an important role in road safety by providing information related to road alignment, vehicle parking positions, and navigation of road to the driver. Polyurethane and epoxy are used to manufacture road marking materials. The use of low-quality materials results in low visibility at night and increases the chances of road accidents. These are the crucial factors to restrain the market.
Government authorities across the globe are investing heavily in infrastructure and industrial development activities. For instance, in 2018 China invested around USD 310 billion for road infrastructure development and in December 2020, the Government of Ukraine signed a loan agreement of USD 716 Million with the European Investment Bank (EIB). This loan helped the Government of Ukraine to improve its infrastructure, public transport, and road connections across the country. The rising need for road safety and maintenance is forecast to drive the road marking machines market during the forecast period. The increasing demand for repairing & maintaining rural and urban roads is also one of the important factors that supports road marking equipment market growth.
The COVID-19 pandemic has created a situation to impose strict restrictions on the movement of vehicles and people. Government authorities have also temporarily stopped the road development projects driven by the availability of limited labor. The revenue generation from various sectors has been stopped propelled by inactive infrastructural projects. These factors negatively impacted the road marking equipment market demand.
The demand for truck road marking machine market is growing significantly due to its easy transportation from one place to another. The easy transportation of truck road mark provides flexibility and safety in operations. The truck road marking machine is cost effective and reduces the overall operation time by 50% compared to self-propelled machine and hand-guided machine; therefore, the demand for road marking trucks is rising and the segment is likely to dominate the market.
The manual machines are hand-pushed machines to print signs on-road. The manual road marking machines market segment is likely to grow over 2021-2027 due to their applications in various places such as building car parks, factory floors, city crossroad lining, and bus stops. Semi-automatic machines are software-enabled and need manual supervision to perform operations. They are hand-pushed or can be mounted on a van. The fully automatic machines are equipped with a sensor and laser-based technology, offering high accuracy and used for long-distance road marking.
The road marking segment plays an important role in providing useful information and driver safety on roads. The increasingly stringent safety norms for roads and driver safety along with the development of road infrastructure in developing countries are likely to drive the road marking segment.
The road marking machine market in Asia Pacific is projected to expand at a significant rate through 2027. The market growth in the region is driven by technological developments, rising industrialization, rapid urbanization, and infrastructure development in emerging countries including China, India, and Japan. The transportation sector is growing in the region owing to heavy production of numerous goods, which creates the demand for better and safer road marking across the region.
Europe is estimated to support road marking machine market growth on account of the increasing demand for road marking machines in industrial areas and various end-users. Germany, France, Italy, and the UK are the major countries for the Europe market.
The road marking machine manufacturers are focusing on investing in R&D activities and collaborations to develop new products and increase their geographic presence; for instance, in December 2019, Borum signed a collaboration agreement with Titan, a road marking solutions provider. This collaboration helped the company to launch hand-guided machines and offer its customers with versatile solutions. The key players in the industry are Automark Industries, Borum A/S, Dayu Road Marking, Graco Inc., Hofmann GmbH, RME Road Marking Equipment, Road Maintenance Services Limited, STiM Group, TATU Traffic Group, Titan Tool Inc., Titan Tool Inc., Zhengzhou Dayu Machinery Co., Ltd., and Zhenjiang Winfar Transport Facilities Co., Ltd.
Market, By Type, 2016 - 2027 (USD Million)
- Self-propelled Machine
- Hand-guided Machine
Market, By Operation Type, 2016 - 2027 (USD Million)
- Fully Automatic
Market, By Application, 2016 - 2027 (USD Million)
- Road Markings
- Car Park Markings
- Anti-Skid Markings
- Commercial Use
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- Australia & New Zealand (ANZ)
- South Korea
- Southeast Asia
- Latin America
- South Africa
- Saudi Arabia
- Automark Industries
- Borum A/S
- Dayu Road Marking
- Graco Inc.
- Hofmann GmbH
- RME Road Marking Equipment
- Road Maintenance Services Limited
- STiM Group
- TATU Traffic Group
- Titan Tool Inc
- Zhengzhou Dayu Machinery Co. Ltd
- Zhenjiang Winfar Transport Facilities Co., Ltd.
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