Surge in the number of road accidents due to the absence of road markings, increase in the number of vehicles on roads, and prevalence of government expenditure on developing road infrastructure are expected to drive the growth of the global road marking machine market. Closed manufacturing facilities, reduced workforce, and closure of all sorts of activities in heavy & civil engineering construction sector during the COVID-19 pandemic had a negative impact on the market.

Portland, OR , Sept. 14, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global road marking machine market generated $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. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

Download Report (323 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/9476

Report coverage & details:

COVID-19 Scenario:

• The outbreak of COVID-19 had a negative impact on the growth of the global road marking machine market, owing to the occurrence of lockdowns in various countries across the globe.

• Lockdowns resulted in the closure of various manufacturing facilities including those of road marking machines negatively impacted its demand during the pandemic. In addition, all sorts of activities in heavy & civil engineering construction sector were stopped. This was majorly due to the stringent social distancing restrictions imposed by the government to significantly curb the spread of the virus during the pandemic.

• Thus, the overall production and sales were adversely impacted due to the temporary shut down of industries. In addition, strict bans on import and export of raw materials were imposed, which further aggravated market growth.

• However, the market is expected to recoup soon.

Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/9476

The report offers a detailed segmentation on the global road marking machine market based on operation type, material capacity, application, distribution channel, and region.

Based on operation type, the manual segment held the largest market share in 2021, garnering more than 94% of the global market, and is expected to maintain its leadership status during the forecast period. The semi-automatic/fully automatic segment, on the other hand, is expected to cite the fastest CAGR of 17.1% during the forecast period.

Based on material capacity, the 251 Ltr - 750 Ltr segment held the dominating market share in 2021, holding nearly one-third of the global market, and is expected to maintain its leadership status during the forecast period. The 100 Ltr - 250 Ltr segment, on the other hand, is expected to cite the fastest CAGR of 11.4% during the forecast period.

Based on distribution channel, offline segment held the largest market share in 2021, holding more than four-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The online segment, on the other hand, is predicted to cite the fastest CAGR of 12.9% during the forecast period.

Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/9476

Based on application, the road segment held the largest market share in 2021, garnering nearly three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The report also analyses other segments such as car park, anti-skid, and others.

Based on region, the market across Asia-Pacific region held the dominating market share in 2021, garnering nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The LAMEA region, on the other hand, is predicted to cite the fastest CAGR of 11.1% during the forecast period.

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

The report analyzes these key players of the global road marking machine market. These market players have made use of remarkable startegies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to significantly strengthen their foothold in the industry. The report is further helpful in analyzing and determining recent developments, product portfolio, business performance and operating segments by prominent players of the market.

Schedule a FREE Consultation Call with Our Analysts to Find Solutions for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/9476

Similar Reports:

Road Blocker Market by Type (Automatic Road Blocker and Non-automatic Road Blocker) and Application (Military Use and Civilian Use): Global Opportunity Analysis and Industry Forecast, 2021–2030

Roadside Assistance Market by Service (Towing, Tire Replacement, Fuel Delivery, Jump Start/Pull Start, Lockout/ Replacement Key Service, Winch, Battery Assistance, Trip Routing/ Navigational Assistance, and Other Mechanic Services), Provider (Auto Manufacturer, Motor Insurance, Independent Warranty, and Automotive Clubs), and Vehicle (Passenger Vehicle and Commercial Vehicle (LCV and HCV)): Global Opportunity Analysis and Industry Forecast, 2019–2026

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

Follow Us on | Facebook | Twitter | LinkedIn |