Cold Planers Market

Cold planers are used in asphalt making. Large cold planers have a large rotating cutting drum used to grind into and remove the existing asphalt pavement. The cold planers market is projected to grow at a promising rate in the upcoming years. The growing demand for the cold planers market from varied application segments is estimated to safeguard the expansion of the market during the forecast period.

Market Scope and Structure Analysis

A cold planer is an important machine that is used in road construction. Cold planers are also known as pavement planers and pavement recyclers. These heavy industrial machines are used to remove the worn-out parts of the pavement. Leveling asphalt on roads before construction is an important part of road construction, where cold planers are required.

COVID-19 Impact Analysis

• COVID-19 pandemic has shut down a large number of construction sites, power plants, chemical storage industry, technology advancement companies, and others. This has hampered the growth of the cold planers market from the last few months and is likely to continue during 2021.
• COVID-19 has already affected the sales of cold planers in the first quarter of 2021 and is anticipated to weaken the market growth throughout the year.
• The major demand for cold planers was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for services of cold planers.
• Further, the potential impact of the lockdown is currently vague and the financial recovery of companies is based on its cash reserves. Key players of the cold planers market are expected to afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their service activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
• The cold planers market is expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.

Top Impacting Factors

One of the significant drivers for the cold planers market is the progress in the construction of new roads, to connect rural to urban areas and also from urban to ultra-urban areas. New policies from the government and foreign investments are also boosting the growth of the cold planers market.

High cost of the engine and its maintenance limit the market growth.

Market Trends

• WIRTGEN GROUP introduced automatic leveling system technology known as Wirtgen’s Level Pro that is integrated into cold planers, permits on-the-fly adjustment of milling depth, and correction of grade and slope of the milled surface before overlay.
• SCHWING Stetter India has joined its hand with world-renowned construction equipment manufacturer XCMG for introducing advanced construction equipment in India. SCHWING - XCMG introduces a range of road machinery like Motor graders and cold milling machines which withstand extreme conditions in construction sites. GOMACO - The worldwide leader in concrete paving technology joined its hand with Schwing Stetter India for introducing their concrete paving machine ranges with advanced technology.

Key Benefits of the Report

• This study presents the analytical depiction of the cold planers market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the cold planers market share.
• The current market is quantitatively analyzed to highlight the cold planers market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides detailed cold planers market analysis based on competitive intensity and how the competition will take shape in the coming years.

 Cold Planers Market Report Highlights