Road Reclaimer Market Share, Size, Trends, Industry Analysis Report, By Capacity (Less than 10 Tons, 10-20 Tons, 20-30 Tons, and Above 30 Tons); By Application; By Region; Segment Forecast, 2023 - 2032

Road Reclaimer Market Share, Size, Trends, Industry Analysis Report, By Capacity (Less than 10 Tons, 10-20 Tons, 20-30 Tons, and Above 30 Tons); By Application; By Region; Segment Forecast, 2023 - 2032

The global road reclaimer market size is expected treach USD 776.26 million by 2032, according ta new study by Polaris Market Research. The report “Road Reclaimer Market Share, Size, Trends, Industry Analysis Report, By Capacity (Less than 10 Tons, 10-20 Tons, 20-30 Tons, and Above 30 Tons); By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Demand for road reclamation is increasing as a result of growing government initiatives tfix damaged roads. For instance, in November 2022, as per the Tamilnadu Government announcement, trepair damaged roads in urban local bodies throughout the State, the municipal administration and water supply department has set aside a special amount of INR 2,200 crore. Additionally, it was announced that 16,390 kilometers of roads would be upgraded for INR 7,338 crores by integrating Singara Chennai 2.0 and other projects.

In addition, in July 2022, Delhi Government announced that every Saturday, departments will be responsible for maintaining the roads in their respective locations under the government's weekly action strategy tenhance the quality of city roadways. The Delhi government requested the relevant departments tchoose one street per zone/division each weekend for maintenance, repairs, and rejuvenation tmake the roads in the capital safer as well as free of potholes, as well as fix crumbling footpaths and stretches.

Furthermore, the rise in spending on infrastructure and the rapid expansion of the construction sector is boosting the demand for road reclaimers. For instance, as per the IBEF, India pledged tinvest around USD 1.4 trillion infrastructure-related projects between 2019-23, tachieve sustainable development goals. Given that road recycling is an expanding trend in the construction industry, road reclamation is swiftly evolving intessential pieces of equipment for constructing new roads.

Also, nearly 25 million kilometers of new roads are expected thave been constructed worldwide by the year 2050, with the majority of these roads being constructed in developing countries. By the end of 2040, there's going tbe an upsurge in migration from rural areas of more than 45 percent, according tGlobal Infrastructure Hub Australia, creating a large requirement for infrastructure assistance. Therefore, the government’s rapidly rising infrastructure investment in the construction industry for the development of new roads as well as the repair and maintenance of old road rules issued is boosting the demand for road reclaimers that is driving the growth of the market rapidly.

Road Reclaimer Market Report Highlights

The 20-30 tons segment is anticipated tgrow rapidly over the forecast period. Debris removal from roads and other surfaces is done with the use of road reclaimers, which can weigh 20 t30 tonnes.

The mining segment accounted for a major global revenue share. The demand for processing and transporting mined materials and equipment will rise as mining activity increases.

Asia-Pacific is projected tgrow at the highest CAGR over the study period. This is primarily due tan increase in building activity and a quickening of urbanization in developing nations including China, India, Indonesia, Vietnam, and Thailand.

The global players include Bomag Fayat, Caterpillar, Dynapac Group, JCB Corporation, Shantui Construction Machinery, VolvGroup, WIRTGEN Group, and Xuzhou Construction Machinery.

Polaris Market Research has segmented the road reclaimer market report based on capacity, application, and region:

Road Reclaimer, Capacity Outlook (Revenue - USD Million, 2019 - 2032)

Less than 10 Tons

10-20 Tons

20-30 Tons

Above 30 Tons

Road Reclaimer, Application Outlook (Revenue - USD Million, 2019 - 2032)

Road Construction

Airports

Wharves

Public Engineering

Mining

Oil

Agriculture

Road Reclaimer, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa