Global Road Milling Machine Market Growth 2023-2029

Global Road Milling Machine Market Growth 2023-2029

Road Milling Machine is a piece of heavy equipment used to remove old asphalt pavements and surfaces from roadways, resulting in an even surface. The machine’s revolving cutting head cuts into the pavement at a predetermined depth and cross slope and removes the reclaimed asphalt pavement (RAP).
LPI (LP Information)' newest research report, the “Road Milling Machine Industry Forecast” looks at past sales and reviews total world Road Milling Machine sales in 2022, providing a comprehensive analysis by region and market sector of projected Road Milling Machine sales for 2023 through 2029. With Road Milling Machine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Road Milling Machine industry.
This Insight Report provides a comprehensive analysis of the global Road Milling Machine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Road Milling Machine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Road Milling Machine market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Road Milling Machine and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Road Milling Machine.
The global Road Milling Machine market size is projected to grow from US$ 1145.5 million in 2022 to US$ 1587.5 million in 2029; it is expected to grow at a CAGR of 1587.5 from 2023 to 2029.
Global road milling machine main manufactuers include Wirtgen, Caterpillar, XCMG, Bomag, Dynapac and RoadTec, etc., totally holding a share for 60% of the market. Europe is the largest market of road milling machine, with a share more than 40%. As for the types of products, it can be divided into wheeled road milling machine and tracked road milling machine, which account for about 58%, 42% respectively. In terms of applications, it is widely used in road construction and public engineering, taking proportions 72%, 27% respectively.
This report presents a comprehensive overview, market shares, and growth opportunities of Road Milling Machine market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Wheeled Road Milling Machine
Tracked Road Milling Machine
Segmentation by application
Road Construction
Public Engineering
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Wirtgen
Caterpillar
XCMG
Bomag
Dynapac
RoadTec
CMI
Sany Group
Shantui
SAKAI HEAVY INDUSTRIES, LTD.
LiuGong
Xi'an Hongda
Kaiao
XGMA

Key Questions Addressed in this Report
What is the 10-year outlook for the global Road Milling Machine market?
What factors are driving Road Milling Machine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Road Milling Machine market opportunities vary by end market size?
How does Road Milling Machine break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.