Road Marking Machine Market Thumbnail Image

2022

Road Marking Machine Market

Road Marking Machine Market Size, Share, Competitive Landscape and Trend Analysis Report by Operation Type (Manual, Semi-Automatic/Fully Automatic), by Material Capacity (Less Than 100 Ltr, 100 Ltr - 250 Ltr, 251 Ltr - 750 Ltr, More Than 750 Ltr), by Distribution Channel (Online, Offline), by Application  (Road, Car Park, Anti-Skid, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031

Select an option
Author's: Abhay Singh | Lalit Janardhan Katare
Publish Date:

Get Sample to Email

The global road marking machine market size was valued at $7.02 billion in 2021, and is projected to reach $17.21 billion by 2031, growing at a CAGR of 9.3% from 2022 to 2031.

Road Marking Machine Market

Markings on the road plays an important role in road safety. It provides safety information such as vehicle positioning, road alignment, and other vital road information to drivers. The road marking machine is a kind of device specially used to delineate diverse traffic lines on blacktop or concrete surface in order to offer guidance and information to motorists and pedestrians. They are capable of providing the different design and sizes of the marks on road in addition to safety signs. The process is conducted through screeding, extruding, and spraying thermoplastic paints or cold solvent paints on to the pavement surface. It is mainly used in car parks, avenues, streets, highway, etc. contributing to improve the convenience and safety of driving and walking.

Currently, road marking equipment manufacturers have benefitted from higher investments by government authorities in infrastructure development, and this factor stands true for both, developing as well as developed economies. For instance, according to the 14th Five-Year Plan, China is planning to spend around 190 Bn Yuan (US$ 29.3 Bn) in the 2021-2025 period on transportation infrastructure projects. This investment will be used to construct new expressways, upgrade existing highways, and improve rural road conditions, among other things in Tibet.

The factors such as rise in government spending on developing road infrastructure, rising number of accidents due to absence of road markings, and technological advancements are expected to drive the global road marking machine market. However, fluctuating raw material prices and conservative approach of road contractors are the factors expected to hamper the market growth. On the contrary, development of smart cities and emergence of autonomous vehicles are the factors creating lucrative opportunity for the key players operating in road marking machine market.

[APPLICATIONGRAPH]

The global road marking machine market is segmented on the basis of operation type, material capacity, distribution channel, and application. By operation type, the market is divided into manual and semi-automatic/fully automatic. By material capacity, it is fragmented into less than 100 Ltr, 100 Ltr - 250 Ltr, 251 Ltr - 750 Ltr, and more than 750 Ltr. By distribution channel, it is categorized into online and offline. By application, it is further classified into road, car park, anti-skid, and other. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The leading players operating in the road marking machine market are Advanced Striping Equipment, Automark, Borum, Dayu Road Marking Co., Ltd., EZ Liner, Hawk Pumps, HOFMANN, Graco Inc., M-B Companies, MRL Equipment Company, Inc., Nanjing Roadsky Traffic Facility Co., Ltd, Road Marking Equipment (RME), Road Marking Services, STiM, Tatu Highway Group Co., ltd., Titan Tool Inc., and Zhengzhou Dayu Machinery Co., Ltd.

Road Marking Machine Market
By Operation Type
Your browser does not support the canvas element.

Semi-Automatic/Fully Automatic is projected as the most lucrative segment

Rise in government spending on developing road infrastructure

The quality of road infrastructure is one of the most important factors stimulating economic development and competitiveness. It is regarded as an engine of growth because it propels all facets of socio-economic activities in both developing and developed countries It includes the operation, maintenance, and construction of highways, streets, roads, sidewalks, bridges, and other related structures. For instance, in October 2020, in India, the National Investment and Infrastructure Fund (NIIF) is making progress towards integrating its road and highway portfolio. The NIIF has acquired Essel Devanahalli Tollway and Essel Dichpally Tollway through the NIIF master fund. These road infra-projects will be supported by Athaang Infrastructure, NIIF's proprietary road network, assisted by a team of established professionals with diverse domain expertise in the transport field. Despite pandemic and lockdown, India has constructed 13,298 km of highways in FY21. Under the Union Budget 2022-23, the Government of India has allocated $26.04 billion to the Ministry of Road Transport and Highways. According to Urban Institute, a nonprofit research organization, in 2019, 42% of highway and road spending went toward operational costs, such as maintenance, repair, snow and ice removal, highway and traffic design and operation, and highway safety. The other 58% went toward capital spending, such as the construction of both highways and roads globally. Hence, such growing investments by governments on developing road infrastructures is expected to drive the road marking machine market.

Road Marking Machine Market
By Material Capacity
Your browser does not support the canvas element.

100 Ltr - 250 Ltr is projected as the most lucrative segment

Technological advancement

In recent years, technological advancements have transformed the way of planning, designing, building, and operating road & transportation systems. The technical methods that mark the road surfaces in street traffic as well as maneuvering areas and runways at airports for better orientation purposes are called road marking. Currently, the technology can apply symbols and lines even more precisely and permanently onto various surfaces and grounds. The adoption of latest, precision road marking technologies that work most accurately even at changing speeds have long since had fully automatically regulated dosing modes and measurement technologies. For instance, in May 2022, Graco Inc. launched the new the Contractor King air-powered protective coatings sprayer and the Silver Plus HP spray gun for road marking to maximize productivity and portability. The new Silver Plus HP gun is pressure rated up to 7,250 psi (500 bar) and is designed to handle today’s protective coatings, including high solid coatings. The Contractor King air-powered sprayer is made specifically for contractors looking for a more compact and lighter coatings sprayer. In addition, adoption of small & hand-controlled machines which are easy to maneuver are used for longer distances. Therefore, improvement in the road marking machine technology is expected to drive road marking machine industry.   

Fluctuating raw material prices

The need for more fully automatic & high-performance road marking technologies has lately increased the demand for certain raw materials in the road marking machine industry. Several factors such as the increase in transportation costs, high prices of corrugated board & packaging paper, rise in labour costs, and depreciation in China’s currency, the major exporter of raw material components, has pushed the price of raw materials in the road marking machine industry. Furthermore, fluctuating prices of raw materials such as thermoplastic paint, engine, air compressor, paint bucket, spray gun, and other chemicals such as titanium dioxide due to damage to the supply chain caused by pandemic present problems for both suppliers & OEMs. Thus, imbalances in the supply & demand chain of the road marking machine components industry accounted for fluctuation in the raw material prices and stagnating average transaction prices, which continued to pressure margins in addition to rising raw material costs. This will in turn hinder the road marking machine industry growth.

Road Marking Machine Market
By Distribution Channel
Your browser does not support the canvas element.

Online is projected as the most lucrative segment

Emergence of autonomous vehicles

Car manufacturers incorporate more autonomous features in their vehicles every year, and drivers continue to expect more autonomy from their vehicles as the technology advances. In autonomous vehicles, road markings will increase lane detection and continue to provide vehicles (and its users) with a clear lane delineation with all types of guidance systems. Since the autonomous vehicles directly interface with road markings, proper marking installation and maintenance practices are essential. The new digital infrastructure recreates virtual roads along with vehicles present alongside. In 2019, Tesla launched Autopilot features which assists in steering within a clearly marked lane. Additionally, it consists of auto-lane change technology which assists in moving to an adjacent lane on the highway when Autosteer is engaged. Hence, as more autonomous vehicles are being tested and developed, more drivers are comfortable with the idea of owning autonomous driving vehicles. Thus, emergence of autonomous technologies in vehicles create lucrative opportunity for the road marking machine market.

Road Marking Machine Market
By Region
2031
Asia-pacific 
North America
Europe
LAMEA

LAMEA would exhibit the highest CAGR of 11.1% during 2022-2031

KEY BENEFITS FOR STAKEHOLDERS

  • This study presents analytical depiction of the global road marking machine market analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall road marking machine market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global road marking machine market with a detailed impact analysis.
  • The current road marking machine market is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Road Marking Machine Market Report Highlights

Aspects Details
Market Size By 2031
Market Size By 2031

USD 17.2 billion

Growth Rate
Growth Rate

CAGR of 9.3%

Forecast period
Forecast period

2021 - 2031

Report Pages
Report Pages

323

Road Marking Machine Market By Application 
By Application 
  • Road
  • Car Park
  • Anti-Skid
  • Others
Road Marking Machine Market By Operation Type
By Operation Type
  • Manual
  • Semi-Automatic/Fully Automatic
Road Marking Machine Market By Material Capacity
By Material Capacity
  • Less Than 100 Ltr
  • 100 Ltr - 250 Ltr
  • 251 Ltr - 750 Ltr
  • More Than 750 Ltr
Road Marking Machine Market By Distribution Channel
By Distribution Channel
  • Online
  • Offline
Road Marking Machine Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (U.K., Germany, France, Russia, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Vietnam, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

Road Marking Services, Road Marking Equipment (RME), Tatu Highway Group Co., ltd., Graco Inc., Dayu Road Marking, EZ Liner, Titan Tool Inc., Zhengzhou Dayu Machinery Co., Ltd, Nanjing Roadsky Traffic Facility Co.,Ltd., Hawk Pumps, M-B Companies, MRL Equipment Co., Borum A/S, STiM, Advanced Striping Equipment, Automark Industries, HOFMANN

Analyst Review

This section provides the opinions of various top-level CXOs in the global road marking machine market. The market is expected to witness a steady growth due to growing industrialization along with rapid urbanization and demand for high-quality road infrastructure in developing regions. The market in the developed countries, such as the U.S., Canada, and Germany, is projected to report a significant growth rate as compared to the developing regions, such as India, South Africa, and the Middle East, owing to high-end research and advanced processing capabilities coupled with the government support to revolutionize the country’s road marking machine industry. In addition, advancement in paint material growing number of airports (both, commercial as well as private) and sports infrastructure will also provide futuristic opportunities for market players. For instance, in December 2020, MRL Equipment Company, Inc. launched MRL’s best-ever thermoplastic pump equipment which offers productive & smooth running for striping machines. This superior pump easily retrofits to any thermoplastic striper, that can rebuild it in place.

Furthermore, factors such as growing demand for safer roads as well as the increasing investments in the civil construction sector support the use of road marking materials, thereby propels the market growth. For instance, in October 2020, in India, the National Investment and Infrastructure Fund (NIIF) is making progress towards integrating its road and highway portfolio. These road infra-projects will be supported by Athaang Infrastructure, NIIF's proprietary road network, assisted by a team of established professionals with diverse domain expertise in the transport field.

The market growth is supplemented by factors such as rise in government spending on developing road infrastructure, rising number of accidents due to absence of road markings, and technological advancements are expected to drive the global road marking machine market. However, fluctuating raw material prices and conservative approach of road contractors are the factors expected to hamper the market growth. On the contrary, development of smart cities and emergence of autonomous vehicles are the factors creating lucrative opportunity for the key players operating in road marking machine market.

Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by Europe, North America, and LAMEA. On the basis of forecast analysis, LAMEA is expected to lead during the forecast period, due to continuous infrastructure developments across the LAMEA.

Author Name(s) : Abhay Singh | Lalit Janardhan Katare
Frequently Asked Questions?

Introduction of automatic propulsion road marking machines are the upcoming trends of Road Marking Machine Market in the world

Road marking is the leading application of the machine due to continuous infrastructure developments.

Asia-Pacific is the largest regional market for Road Marking Machine

The global road marking machine market was valued at $7.02 billion in 2021, and is projected to reach $17.21 billion by 2031, registering a CAGR of 9.3%

Leading players operating in the road marking machine market include Advanced Striping Equipment, Automark, Borum, Dayu Road Marking Co., Ltd., EZ Liner, Hawk Pumps, HOFMANN, Graco Inc., M-B Companies, MRL Equipment Company, Inc., Nanjing Roadsky Traffic Facility Co., Ltd, Road Marking Equipment (RME), Road Marking Services, STiM, Tatu Highway Group Co., ltd., Titan Tool Inc., and Zhengzhou Dayu Machinery Co., Ltd.

Loading Table Of Content...

Loading Research Methodology...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Road Marking Machine Market

Global Opportunity Analysis and Industry Forecast, 2022-2031