Road Marking Machine Market Size, Share & Trends Analysis Report By Machine Type (Manual, Semi-Automatic, Fully Automatic), By Application (Road, Car Park, Anti-Skid Markings), By Region, And Segment Forecasts, 2023 - 2030

Road Marking Machine Market Size, Share & Trends Analysis Report By Machine Type (Manual, Semi-Automatic, Fully Automatic), By Application (Road, Car Park, Anti-Skid Markings), By Region, And Segment Forecasts, 2023 - 2030

Road Marking Machine Market Growth & Trends

The global road marking machine market size is anticipated to reach USD 13.83 billion by 2030, expanding at a CAGR of 8.9%, according to a new report by Grand View Research, Inc. Rapid globalization, industrialization, and urbanization along with technological developments are triggering the demand for high-quality infrastructure. With a view to achieve balanced regional economic growth governments across the world have increased their spending on infrastructure development.

Thus, rising investment in road infrastructure by key governments, specifically in emerging economies of APAC and CSA, are expected to propel the market over the forecast period. On the basis of product type, the market is segmented into manual, semi-automatic, and fully automatic machines. Manual machines are projected to account for the largest market share over the forecast period as they are used across various industries owing to ease of operation, compatibility with a variety of paint materials, and low operational cost.

On the basis of application, the market is segmented into road, car park markings, anti-skid, and other markings. Road markings was the largest application segment in 2018 and held 28.25% of the global market share. These markings includes line striping on highways, city roads, and sideways, among others. Car park markings is likely to be the fastest-growing segment with a CAGR of 10.5% over the forecast period owing to rising need for these markings at hotels, buildings, sideway car parking, and public car parking places.

Road Marking Machine Market Report Highlights

• Asia Pacific accounted for the largest revenue share of 38.01% in 2022 and is expected to retain its dominance during the forecast period. The Asia Pacific market is expected to grow owing to rising expenditures on road infrastructure, and increased investments in road infrastructure.
• The Central and South America segment is expected to grow at the fastest CAGR of 10.8% during the forecast period. The region has a lot of potential and opportunities in the field of road marking machines.
• Based on machine type, the market is segmented into manual, semi-automatic, and fully automatic. Manual RMM segment accounted for the largest revenue share of 50.2% in 2022.
• Based on application, the industry has been segmented into road, car park, and anti-skid, and other markings. The other segment dominated the market with the largest revenue share in 2022.
• The car park marking segment is expected to grow at the fastest CAGR of 10.8% during the forecast period.

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