Road Marking Machine Market Size, Share & Trends Analysis Report By Machine Type (Manual, Semi-Automatic, Fully Automatic), By Application (Road, Car Park, Anti-Skid Markings), By Region, And Segment Forecasts, 2023 - 2030

Road Marking Machine Market Size & Trends

The global road marking machine market size was valued at USD 7.0 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030 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, the 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. Rising technological developments and growing awareness amongst governments across the world have increased their spending on road infrastructure, to achieve balanced regional economic development, facilitate better trade and traveling, and encourage education. Thus, rising investments by major governments are expected to drive the market over the forecast period. COVID-19 had a negative impact on market growth due to reduced construction activities during pandemic.

U.S. is one of the major regional markets on account of its high-end research and advanced processing capabilities coupled with government support to revolutionize the country’s RMM industry. These factors are also expected to help boost the market in North America. 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.

The usage of road marking machines is expanding in several application areas, including airport marking, bus stop marking, KERB marking, and anti-skid marking. Road markings are essential in maintaining and improving road safety because they improve navigation for both cars and pedestrians. The global demand for road marking machines is anticipated to increase over the projected period due to the increased requirement for road safety and maintenance as well as rising investments in road infrastructure in emerging nations. The global road marking machine (RMM) market is expected to be driven by factors such as increased road infrastructure expenditure, rising industrialization, technological advancements, rapid urbanization, and infrastructure expansion.

Several manufacturers are focusing on technologies to increase road marking machine production. The rising automation of marking machines, as well as the development of new technologies such as two spray colors with distinct marking materials, are expected to boost the growth of the market during the forecasted period. The utilization of road marking machines is expected to grow and become more significant, with several players focused on technology-driven infrastructure development. Many governments have begun to address road safety concerns by enacting stringent regulations in nations all around the globe. In addition, cold plastic agglomerate road marking machines are being utilized to lessen the carbon footprint. The aforementioned reasons are projected to fuel market expansion for road marking machines over the forecast period.

The expanding road networks and increased investment in infrastructure development, along with a greater emphasis on road safety to minimize accidents, are driving the demand for clearly marked car parking. Car park markings are commonly seen in factories, warehouses, office buildings, public and private parking lots, and residential structures. This is projected to augment the demand for road marking machines throughout the forecast period. Roads contribute significantly to economic prosperity and development. Maintaining road infrastructure is critical to preserving and expanding these advantages. However, in developing nations, a lack of maintenance has resulted in irreversible wear and tear of the roads, resulting in increasing reparation costs and a significant financial impact on the country’s economies. Low maintenance and repair investment on existing road infrastructure may impede market expansion throughout the projection period.

Machine Type Insights

Based on machine type, the market is segmented into manual, semi-automatic, and fully automatic. Manual RMM segment accounted for the largest revenue share of 50.2% in 2022. It is a hand-pushed type of RMM, which is mostly used for bus stops, building car parks, railway platforms, factory floors, and city crossroad lining.

The automatic segment is expected to grow at the fastest CAGR of 9.7% during 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-fastest growing 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.

Application Insights

Based on application, the industry has been segmented into road, car park, and anti-skid, and other markings. The other segment dominated the market with the largest revenue share in 2022. Road markings application segment accounted for the second largest market share, in terms of revenue, in 2022.

The car park marking segment is expected to grow at the fastest CAGR of 10.8% during the forecast period. The rise in cars and parking demand, automation systems, increased road safety awareness and the need for clear and visible road markings to accommodate the growing number of vehicles and parking spaces are some factors propelling the growth of this segment.

Regional Insights

Asia Pacific accounted for the largest revenue share of 38.01% in 2022 and is expected to retain its dominance during the forecast period. The Asia Pacific market is expected to grow owing to rising expenditures on road infrastructure, and increased investments in road infrastructure.

India has the world’s second-largest road network, with around 5.6 kilometers of road length. The country’s growing population, along with urbanization, is likely to drive demand for expanded road networks. Government efforts such as “Make in India” are expected to boost demand for road marking machines by attracting numerous global RMM manufacturers to set up operations in India.

The Central and South America segment is expected to grow at the fastest CAGR of 10.8% during the forecast period. The region has a lot of potential and opportunities in the field of road marking machines. In addition, Brazil and Argentina are two of the region’s main economies that are expanding their investment in road infrastructure, resulting in a significant demand for road marking machines.

Brazil is predicted to be one of the region’s fastest-growing economies. It is the fourth biggest road network and has the fifth largest population in the world. It has a lot of potential for the road marking machine market since it is going to boost its expenditure on road infrastructure projects throughout the forecast period.

Competitive Insights

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 the companies are investing heavily in R&D to develop new products.

Some of the key players operating in the global road marking machine market are:

• Hofmann GmbH

• Borum A/S

• Graco Inc.

• RME Road Marking Equipment

• STiM Group

• Zhengzhou Dayu Machinery Co., Ltd

• Automark Industries

• Titan Tool Inc.

• TATU Traffic Group

• Zhenjiang Winfar Transport Facilities Co., Ltd.

Recent Developments

• In February 2023, WJ introduced a UK-first innovation called ThermoPrint, an automated machine that eliminates the need for hand-applied thermoplastic road markings. The machine can scan existing markings and match them to programmed designs, then re-lay thermoplastic to rejuvenate and bring them up to standard. This innovative technology aims to save lives and revolutionize the road marking sector.

• In June 2023, LimnTech Scientific chose Advanced Navigation Certus MEMS INS for reliable, accurate automated road marking in urban and rural environments. Certus offers performance improvements in GNSS-degraded areas and is easily integrated. This system significantly reduces injury and death in hazardous environments.

• In November 2021, the Nagpur-based Balaji Road Marking Machines (SBRMM) launched India's first Made in India automatic road marking machine, PRAGATI-NG. The equipment can mark up to four kilometers per hour and features audio tactile or rumble markings.

Road Marking Machine Market Report Scope

Global Road Marking Machine Market Report Segmentation

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 2018 to 2030. For this study, Grand View Research has segmented the global road marking machine market report based on machine type, application, and region:

• Machine Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Manual

  • Semi-automatic

  • Fully Automatic

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Road Markings

  • Car Park Markings

  • Anti-skid Markings

  • Others

• Regional Outlook (Revenue in USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Russia

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Malaysia

    • Indonesia

    • Australia

    • Thailand

  • Latin America

    • Brazil

    • Argentina

  • Middle East and Africa

    • Saudi Arabia

    • UAE

    • South Africa