The global Road Marking Machine market size was valued at USD 6.05 billion in 2018 and is estimated to register a CAGR of 9.3% by 2025 owing to increasing investments in the development of road infrastructure. Road markings form an integral part of road safety and maintenance as they help drivers and pedestrians navigate better and in a safer manner. Thus, rising need for road safety and maintenance is expected to drive the global market over the forecast period.
Moreover, globalization along with growing industrialization and urbanization is expected to propel the market growth. Technological developments are also likely to impel the demand for high-quality road infrastructure over the years to come. Governments across the world have increased their spending on road infrastructure, to achieve balanced regional economic development, facilitate better trade and travelling, and encourage education. Thus, rising investments by major governments are expected to drive the market over the forecast period.
U.S. is one of the major regional markets on account of its high-end research and advanced processing capabilities coupled with the government support to revolutionize the country’s RMM industry. These factors are also expected to help boost the market in North America. As per 2017 ITF-OECD report, U.S. invested over USD 80 billion for road safety and maintenance as well as planned to invest over USD 150 billion over the coming years.
This is also anticipated to drive the overall regional market during the forecast period. Prominent companies in the global market focus more on the economies of scope than the economies of scale as RMM can be used for multiple applications across construction and infrastructure industries. Therefore, new product development and extensive marketing activities hold significant importance among companies to gain a competitive edge in the market.
Based on machine type, the market is segmented into manual, semi-automatic, and fully automatic. Manual RMM segment accounted for the highest share of the industry in 2018. It is a hand-pushed type of RMM, which is mostly used for bus stop, building car parks, railway platform, factory floors, and city crossroad lining. The automatic RMM segment is likely to gain momentum over the forecast period. These machines are equipped with sensor-based or laser-based technology, thus, offering high accuracy as well as lines with specific thickness over a long distance. They are most suitable for highway road marking and maintenance and repair of road markings. Semi-automatic is expected to be the second-largest segment. These RMMs need manual supervision along with the enablement of software, thus, only partial operations need to be handled manually. These equipment are either self-propelled or can be mounted on a van or hand pushed.
Based on application, the industry has been segmented into road, car park, and anti-skid, and other markings. Road markings application segment accounted for the highest market share, in terms of revenue, in 2018. The segment is projected to expand further over the coming years and reach USD 2.91 billion by 2025.
In 2018, car park lining segment was the second-largest application segment and is estimated to witness the fastest CAGR over the forecast period. In terms of revenue, anti-skid segment also had a significant share and is likely to witness a steady growth in future.
Asia Pacific is projected to lead the global market over the forecast period. China, India, and Japan are among the largest economies in the Asia Pacific region that are anticipated to influence the global industry. Rising industrialization, technological developments, and rapid urbanization and infrastructure development, are the major factors driving the growth of the market. Europe also accounted for a significant share of the global market in terms of revenue in 2018 owing to high demand for RMM from numerous end-user industries. Germany, France, Italy, and U.K. are the major countries for the Europe market. Central & South America accounted for around 18.65% of the global share in 2018. The region offers tremendous growth potential and opportunities for the market and thus, is projected to progress at the fastest CAGR of 10.8% over the forecast period.
Key industry participants include Hofmann GmbH; Borum A/S; Graco Inc.; RME Road Marking Equipment; STiM Group; Dayu Road Marking; Automark Industries; Titan Tool Inc.; TATU Traffic Group; and Zhenjiang Winfar Transport Facilities Co., Ltd. These companies focus on optimum business growth through various marketing strategies. For instance, some of the major manufacturers are exploring new markets and expanding their presence in emerging economies including India, Brazil, China, Saudi Arabia, and UAE. Many of them companies are investing heavily in R&D to develop new products.
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Attribute |
Details |
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Base year for estimation |
2018 |
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Actual/Historical data |
2015 - 2017 |
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Forecast period |
2019 - 2025 |
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Market representation |
Revenue in USD Million and CAGR from 2019 to 2025 |
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Regional scope |
North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America |
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Country scope |
U.S., Canada, Germany, France, Italy, U.K., China, India, Japan, South Korea, Saudi Arabia, and Brazil |
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Report coverage |
Revenue forecast, competitive landscape, growth factors, and trends |
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15% free customization scope (equivalent to 5 analyst working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global road marking machine market report on the basis of machine type, application, and region.
Machine Type Outlook (Revenue, USD Million, 2015 - 2025)
Manual
Semi-Automatic
Fully Automatic
Application Outlook (Revenue, USD Million, 2015 - 2025)
Road Markings
Car Park Markings
Anti-Skid Markings
Others
Regional Outlook (Revenue, USD Million, 2015 - 2025)
North America
U.S.
Canada
Europe
Germany
France
Italy
U.K.
Asia Pacific
China
India
Japan
South Korea
Middle East and Africa
Saudi Arabia
Central & South America
Brazil
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