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.
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 road marking machine 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.
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 the largest growing economy and accounted for 40.0% in terms of revenue of the global road marking machine market in 2019; this share is likely to be maintained during the forecast period. The Asia Pacific road marking machine 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. I 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.
Central and South America is the fastest economy with a CAGR of 10.8% of the global road marking machine market in 2019. 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.
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.
Report Attribute |
Details |
Market size value in 2020 |
? |
Revenue forecast in 2025 |
? |
Growth rate |
CAGR of % from 2020 to 2025 |
Base year for estimation |
2019 |
Historical data |
2015 - 2018 |
Forecast period |
2020 - 2025 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2020 to 2025 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Machine type, application, and region |
Regional scope |
North America; Europe; Asia Pacific; Middle East & Africa; Central & South America |
Country scope |
U.S.; Canada; Germany; France; Italy; U.K.; China; India; Japan; South Korea; Saudi Arabia; and Brazil |
Key companies profiled |
Hofmann GmbH; Borum A/S; Graco, Inc.; RME Road Marking Equipment; STiM; Zhengzhou Dayu Machinery Co., Ltd.; Automark Industries (India) Pvt. Ltd.; Titan Tool, Inc.; TATU Traffic Group; Zhenjiang Winfar Transport Facilities Co., Ltd. |
Customization scope |
Free report customization (equivalent to up to 8 analyst working days) with purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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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