Global Line Striping Machines Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Line Striping Machines Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Line Striping Machines, is a kind of road construction machinery that is widely used in roads, high-grade highways, parking lots, squares, and runways to draw different restrictions, guidelines, and warning signs on flat ground. Line Striping Machines has played a huge role in urban planning and highway construction with its advantages of speed, efficiency, and accuracy, saving the time and economic investment of road construction to the greatest extent.

Market Overview:

The latest research study on the global Line Striping Machines market finds that the global Line Striping Machines market reached a value of USD 1690.39 million in 2022. It’s expected that the market will achieve USD 2338.12 million by 2028, exhibiting a CAGR of 5.56% during the forecast period.

Market Drivers

For the line striping machines industry, one of its driving factors is the increasing construction of roads and highways around the world. Take the United States as an example. According to Statista data, from 2008 to 2020, the value of public construction expenditures on highways and street projects in the United States has risen over time. In 2020, the public sector will spend approximately US$99.5 billion on such construction projects. That year, the total value of new public constructions in place in the United States exceeded US$328 billion. At the same time, according to a new report from the U.S. Department of Transportation, the 100 largest urban areas in the U.S. added 30,511 lanes and miles of roads between 1993 and 2017, an increase of 42% (and the trend shows no signs of slowing down). The country's increasing expenditure on road construction will increase the demand for products to a certain extent. Moreover, in the future, as the population continues to increase, the process of urbanization continues to accelerate, and the increase in the construction of roads and highways in various countries will increase the demand for line striping machines.

Market Development Constraints

For the line striping machines industry, some factors limit the development of the industry. First, the rising prices of pigments, solvents, and other raw materials used to produce paint have hindered the growth of the line striping machines market because line striping machines require coating or paint materials to make strips. Second, the availability of cheap labor in developing countries is increasing the demand for hand-built strips and coatings, thus limiting the growth of the line striping machines market. At the same time, the rental market and the long life of line striping machines are also major obstacles to market growth.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

GRACO, MRL, HOFMANN, TATU Traffic Group, and Jiangsu Lu Xinda are the five key players in the global Line Striping Machines market. These companies have shown consistent growth in revenue, larger volumes of sales, and a prominent presence in terms of share in the global Line Striping Machines market in the past 5 years.

Graco designs and manufactures thousands of fluid-handling products and solutions for industries worldwide. Professional marking contractors prefer Graco marking machines to provide the highest quality and unparalleled performance in airports, parking lots, road construction areas, etc. From small pedestrian marking machines to large truck installation systems, Graco line marking machines can meet the needs of users.

MRL produces high-quality, high-yield traffic coatings, thermoplastics, multiple components, and line demolition/road grooving equipment. Since 1967, MRL's extensive hands-on pavement marking contracting experience, innovative engineering, and focus on quality have made MRL an equipment supplier in the industry.

Segmentation Overview:

Among different product types, Air Powered Striping Machines segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Traffic Markings on Roads segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Line Striping Machines market covered in Chapter 3:

M-B Companies
TATU Traffic Group
GRACO
TITAN
EZ-Liner
Fleet Line Markers
Jiangsu Lu Xinda
MRL
HOFMANN
Borum

In Chapter 4 and Chapter 14.2, on the basis of types, the Line Striping Machines market from 2018 to 2029 is primarily split into:

Air Powered Striping Machines
Electric Striping Machines

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Line Striping Machines market from 2018 to 2029 covers:

Traffic Markings on Roads
Parking Lots
Sports Fields

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)