Global Road Marking Machine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Road Marking Machine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Road marking machine is a kind of device specially used to delineate diverse traffic lines on blacktop or concrete surface in order to offer guidance and information to motorists and pedestrians. Regulation for parking and stopping can also be indicated by the traffic lanes. Line marking machines conduct their work through screeding, extruding, and spraying thermoplastic paints or cold solvent paints on to the pavement surface. Road marking machine, herein means the aggregate of hand-push type machine, self-propelled type machine, sitting type machine, thermoplastic type machine and cold painting type machine, which is used to mark line on road. It is mainly used in car parks, avenues, streets, highway, etc. contributing to improve the convenience and safety of driving and walking.

Market Overview:

The latest research study on the global Road Marking Machine market finds that the global Road Marking Machine market reached a value of USD 1947.92 million in 2022. It’s expected that the market will achieve USD 8655.76 million by 2028, exhibiting a CAGR of 28.22% during the forecast period.

Drivers

Increasing government spending on infrastructure construction and continuous improvement of transportation network are the major factors driving the market growth. Likewise, increasing safety concerns are increasing the adoption of the road marking machine market. Furthermore, the increasing number of accidents due to the lack of road markings is driving the market demand. In addition, the growing development of smart cities and the migration of rural populations to urban areas is increasing the need for new road construction. This in turn will increase the demand for the road marking machine market.
The road marking machine has played a huge role in urban planning and highway construction with its advantages of speed, efficiency and accuracy, saving the construction period and economic investment of road construction. The key to the advantages of the road marking machine is that there are few construction equipment and a long service life. The marking line has good reflective effect, strong anti-pollution performance, can maintain bright for a long time, has good adhesion, good wear resistance and durability.
With the development of the global economy and the acceleration of urbanization, a perfect road transportation system is urgently needed. From the perspective of production, a sound comprehensive transportation network layout and efficient logistics system are conducive to optimizing the industrial layout, promoting the deepening of industrial division of labor, improving the efficiency of production organization, and connecting more people and logistics safely and smoothly into the domestic and international economic cycle. Therefore, the construction of well-established road markings is very important for the traffic system, and the application of road marking machines is indispensable in this regard.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview

GRACO is one of the major players operating in the Road Marking Machine market, holding a share of 8.37% in 2022.

Graco is an American manufacturer of fluid-handling systems and products based in Minneapolis, Minnesota. In the Lubrication Equipment Division (LED), Graco produces automatic lubrication equipment, vehicle lubrication maintenance and repair equipment, and a variety of activators and switches for the lubrication process. Graco serves a wide variety of markets, including painting, anti-corrosion, fluid transfer, gluing and sanitary applications, automotive, aeronautic, body refinish, wood, building and construction, and marine.

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, Semi-Automatic segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Road segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Road Marking Machine market covered in Chapter 3:

M-B Companies
TATU Traffic Group
Jiangsu Lu Xinda
CMC
MRL
TITAN
Euroliners
Newstripe
EZ-Liner
GRACO
Fleet Line Markers
RUST-OLEUM
HOFMANN
Seymour Paint
Borum

In Chapter 4 and Chapter 14.2, on the basis of types, the Road Marking Machine market from 2018 to 2029 is primarily split into:

Manual
Semi-Automatic
Fully Automatic

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Road Marking Machine market from 2018 to 2029 covers:

Road
Car Park
Anti-Skid
Others

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)