Government investment is expected to continue to be a major driving force in this industry in the future years. Demand for road marking equipment is being driven by growing road infrastructure and increased requirements for road safety.
Covid-19 Impact & Market Status
The Novel Coronavirus epidemic is rapidly spreading over the world and disrupting many parts of life. COVID-19 would be a big challenge for the infrastructure industry, which was already on the decline. Due to the imposed lockdown in the majority of countries, money generating has ceased as a result of dormant infrastructure projects. A drop in consumer expenditure would have a significant impact on the road building industry. Government projects would be impacted as well, since governments have announced rescue packages and constrained their spending power, putting a stop to infrastructure construction. Road construction halts would have a substantial influence on the market for road marking machines. Furthermore, the demand for road marking machines will be constrained until global economic development accelerates.
The new coronavirus's spread has had an impact on many different aspects of the global economy. The government has taken a variety of measures to mitigate the impact of the epidemic on this market. As a result, increased business is projected. We are hopeful that the market will soon develop as predicted. COVID-19 has three primary effects on the global economy: decreased output and demand, supply chain and market disruption, and negative financial impact on enterprises and financial markets.
Hand-guided Machine Is Expected To Fuel Road Marking Machine Market Growth
By the conclusion of the assessment period, hand-guided road marking equipment will have a volume share of over 55 percent of the global market. Because of their inexpensive cost and excellent mobility, these devices are widely utilised.
Due to space limits, pre-heaters are not fitted on hand-guided road marking equipment, thus end users must purchase them separately to heat powder coatings such as thermoplastic. These, on the other hand, come with boilers that keep the paint at a comfortable temperature of 180° - 220°C (for thermoplastic).
In 2020, thermoplastics will account for almost half of all demand. Thermoplastic road marking equipment is gaining popularity due to its great durability and inexpensive cost. Great wear and tear resilience, high visibility, faster set time, environmental friendliness (reduced VCO emissions), and other considerations have all contributed to its increased sales.
In the road marking machine market, the manual road marking machine is expected to generate the most revenue.
Based on operation type, the market is split into three categories: manual, semi-automated, and completely automatic. In 2021, the manual road marking machine sector held the largest proportion of the industry. It's a hand-operated ROAD MARKING MACHINE that lines bus stations, parking lots, railway platforms, industrial floors, and municipal intersections. The automated road marking machine category is predicted to grow in popularity over time. These devices use sensor- or laser-based technologies to create lines of uniform thickness over a long distance with excellent precision. They're perfect for highway road marking and road maintenance and repair. Semi-automation is envisaged in the second-largest part. Because these road marking machine need manual monitoring in addition to software enablement, only a limited number of actions must be performed manually.
Road Marking Is Expanding the The Road Marking Machine Market Growth.
Based on application, the market is segmented into four categories: road, car park markings, anti-skid, and miscellaneous markings. The most common use in 2020 will be road markings, which will account for 30.25 percent of the worldwide market. Highway, city, and sideways line striping are only a few examples of these markers. Car park markings are predicted to be the fastest-growing market, with a CAGR of 9.3% during the forecast period, due to rising demand for these markings at hotels, sideway vehicle parking, buildings, and public car parking locations.
APAC Region Is Dominating The Road Marking Machine Market Growth.
Over the assessment period, the South Asian market is expected to develop significantly, with India leading the way with a CAGR of more than 7%.
Hand-guided road marking equipment is quite popular in India, which might be explained in part by the existence of the unorganised sector or followed by other levels of players i.e. Class 2 & Class 3 companies. Furthermore, the majority of the country's exports are to neighbouring nations like Sri Lanka, Bangladesh, and Nepal, with just a handful to Middle Eastern countries.
China accounted for more than half of the East Asian market for road marking equipment in 2020. The existence of Class 2 businesses has aided the expansion of the country's road marking equipment industry.
China has a substantial export market share, with the majority of its goods going to Asia, the Middle East, and North America. The country's manufacturers are noted for producing high-quality goods at a reasonable price.
Germany is a major player in the European market, with a projected market share of over 16 percent by 2029. Because of their high VOC emissions, Germany has prohibited the use of solvent-based paints in road marking equipment due to higher safety rules. Waterborne paints, thermoplastics, and cold plastic are becoming more popular as ecologically friendly alternatives.
Waterborne paints, on the other hand, do not have the same level of durability as thermoplastic or cold plastic paints, which is why demand for thermoplastic and cold plastic paints is increasing.
Road traffic injuries are the primary cause of mortality among those aged 15 to 29, and the number is expected to rise in the future. One of the key causes leading to the high number of deaths is the lack of road marking.
According to, the global market for road marking equipment would exceed US$ 1.1 billion in 2022. The global road marking machine market is anticipated to reach USD 11.32 billion by 2029, with a CAGR of 9.3%.
Infrastructure development is critical to a country's and growing economy's development. The fast development of developing economies throughout the world has resulted in a surge in demand for infrastructure building equipment. As a result, the demand for road marking machines has skyrocketed in recent years. Road marking machinery is used to imprint road markings in order to help drivers and pedestrians navigate. Furthermore, road marking provides official information to road users and aids in parking lot markers. Furthermore, road markings have a critical part in traffic safety, hence their significance is enormous. Furthermore, road markers include navigational information, which contributes in the supplementation of sophisticated driver assistance systems.
To achieve balanced regional economic growth, governments throughout the world have boosted their investment on infrastructure development. As a result, increased government expenditure in road infrastructure, particularly in emerging nations in APAC and CSA, is likely to move the market forward throughout the forecast period. Based on product type, the market is split into manual, semi-automatic, and fully automatic equipment. Manual machines are predicted to account for the largest market share during the forecast period due to their ease of use, compatibility with a variety of paint materials, and low operational cost.
Based on application, the market is segmented into four categories: road, anti-skid, car park markings, and miscellaneous markings. In 2020, road markings was the most popular application, accounting for 28.25 percent of the global market. Highway, city, and sideways line striping are only a few examples of these markers. Car park markings are predicted to be the fastest-growing market, with a CAGR of 10.5 percent during the forecast period, due to rising demand for these markings at hotels, sideway vehicle parking, buildings, and public car parking locations.
Furthermore, rising road standards as a result of national and international safety concerns are expected to benefit road marking equipment producers even more. According to the WHO, road accidents cause 1.25 Billion deaths per year, or 3,400 deaths per day, and about half of those killed on the world's roadways are vulnerable road users such as walkers, cyclists, and motorcyclists.
All forms of guiding systems, including driverless cars, will continue to rely on road markers. In 2019, Tesla launched autopilot features, which assist with steering inside a clearly delineated lane. Furthermore, all industry experts believe that road markings are critical for the effective growth and operation of autonomous cars, therefore the market for road marking equipment will be lucrative for road marking equipment makers.
As we go towards the future of mixed-level autonomous driving, road marking will be critical for all sorts of guiding systems. Furthermore, the expanding number of airports (both commercial and private) and sports infrastructure would give market participants with futuristic opportunities.
Manufacturing enterprises would be impacted directly and widely by volatile and unpredictable markets in Asia Pacific. The operating cost of manufacturing processes would be directly affected by rising raw material costs and tariffs for producing road marking equipment, which is the key worry of manufacturers.
Rising raw material prices have a direct influence on the supply chain and the selling price of a product. The continual and unpredictable rise in raw material prices for road marking equipment is becoming increasingly concerning to manufacturers in Asia Pacific. As a result, market growth is projected to be slowed.
Key players such as M-B Companies, Inc., Advanced Striping Equipment Hawk Pumps, RME, EZ-Liner Industries, HOFMANN, Graco Inc., Nanjing Roadsky Traffic Facility Co.,Ltd., MRL Equipment Co., Automark Industries, BORUM A/S, STiM, Dayu Road Marking, TATU Traffic Group, Road Maintenance Services Limited, Titan Tool Inc., Zhenjiang Winfar Transport Facilities Co., Ltd. Zhengzhou Dayu Machinery Co., Ltd, and others. To increase their market position, these businesses have implemented a variety of growth tactics. These companies' main growth strategies include expansion, new product development, and cooperation in order to improve their product range and geographical presence to address the rising demand for road marking machines from emerging nations.
Productivity and product quality improve as a result of new technology. In the same way, road marking technologies have advanced significantly in the recent decade. The new products will last longer and will be more noticeable in low-light conditions. In addition, the new technologies give highway authorities a precise picture of network safety. The STiM Kontur 650HPE Spray road marking machine, for example, has an advanced control system. It comprises of a laser-guided automated control system that can identify deteriorated marks and replace them as needed.
Latest Innovation in the Global Road Marking Machine Market: A snapshot
- Hofmann introduced its new cloud management system for its road marking machine in May 2021, allowing operators to administer devices through the Internet via a smartphone app on a single platform.
- Hofmann introduced the H10-2 Road Marking Machine and the H18-2 New-Generation Road Marking Machine in 2020.
- Borum A/S and Core Equipment have teamed together in Canada to distribute, maintain, and repair Borum road marking equipment. Borum's footprint in the country will be strengthened as a result of this agreement.
Road Marking Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 11.32 billion|
|Growth Rate||CAGR of 9.3 % during 2021-2028|
|Segment Covered||Type, Application, Operation Type, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||M-B Companies, Inc., Advanced Striping Equipment Hawk Pumps, RME, EZ-Liner Industries, HOFMANN, Graco Inc., Nanjing Roadsky Traffic Facility Co.,Ltd., MRL Equipment Co., Automark Industries, BORUM A/S, STiM, Dayu Road Marking, TATU Traffic Group, Road Maintenance Services Limited, Titan Tool Inc., Zhenjiang Winfar Transport Facilities Co., Ltd. Zhengzhou Dayu Machinery Co., Ltd, and others.|
Key Segments of the Global Road Marking Machine Market
Type Overview, 2022-2029 (USD Billion)
- Hand-guided Machine
- Self-propelled Machine
Operation Type Overview, 2022-2029 (USD Billion)
- Fully Automatic
Application Overview, 2022-2029 (USD Billion)
- Car Park Markings
- Road Markings
- Anti-Skid Markings
Regional Overview, 2022-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa