Road Marking Equipment Market Outlook from 2023 to 2033

The global road marking equipment market size reached US$ 1,347.7 million in 2023. Global demand for road marking equipment is anticipated to rise at a 5.9% CAGR during the forecast period, taking the total market value to US$ 2,382.4 million by 2033.

Attributes Key Insights
Road Marking Equipment Market Value in 2023 US$ 1,347.7 million
Projected Road Marking Equipment Revenue (2033) US$ 2,382.4 million
Value-based CAGR (2023 to 2033) 5.9%
Collective Value Share: Top 5 Countries (2023E) 52%

Key Road Marking Equipment Market Highlights

  • Market to Expand Over 1.7X through 2033

The global market for road marking equipment is estimated to expand over 1.7X through 2033, amid a 3.9% increase in expected CAGR compared to the historical one. This is due to rising investments in transportation infrastructure projects worldwide and increased need for enhanced road safety.

The market's trajectory reflects a rising emphasis on advanced technologies, such as airless and air spray methods, ensuring precise and durable road markings. Key factors expected to boost growth of the road marking equipment industry include:

  • The escalating need for efficient traffic management
  • Ongoing expansion of airport and sports facility infrastructure globally
  • Need for compliance with regulatory standards
  • Growing usage of industry-leading road marking machines by construction companies and road construction contractors
  • Rising importance of road markings and traffic line marking machines in improving road safety
  • Development of innovative line marking technology, coupled with rapid expansion of the global road striping equipment industry
  • Increasing demand for advanced road marking applicators across India, China, the United States, and other nations
  • Implementation of stringent road safety regulations

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Key Road Marking Equipment Market Trends

  • Adoption of advanced technologies, such as laser-guided systems and smart paint materials
  • Growing popularity of thermoplastic road marking machines
  • Surging demand for multi gun spraying machines
  • Rising interest in automated line marking machines and increasing investments in road maintenance and upgradation projects

North America to Remain a Leading Hub for Road Marking Equipment Manufacturers

As per the latest analysis, North America is expected to retain its dominance in the global road marking equipment market during the forecast period. It is set to hold around 36.1% of the global market share in 2033. This is attributed to the following factors:

Preference For Truck-mounted Road Marking Equipment: The extensive and well-connected highway systems in North America demand solutions that are efficient and capable of covering large distances seamlessly. Truck-mounted equipment, mounted on vehicles designed for road mobility, provides the necessary speed and agility to mark highways swiftly and effectively. Also, the advanced technology embedded in truck-mounted systems contributes to their popularity. These systems often come equipped with precision controls, automated features, and efficient paint application mechanisms, ensuring high-quality and accurate markings.

Stringent Safety Regulations: The stringent safety standards mandated by North American regulatory bodies are a catalyst for innovation in road marking equipment. The FHWA's regulations, such as those outlined in the Manual on Uniform Traffic Control Devices (MUTCD), set clear guidelines for pavement marking retro reflectivity levels. To comply with these standards, manufacturers are investing in advanced technologies, including retro reflectometers, to ensure optimal visibility under varying conditions. The emphasis on maintaining retro reflectivity levels above 50 mcd/m²/lx for roads with speeds exceeding 35 mph and 100 mcd/m²/lx for speeds over 70 mph, as per recent rulemaking, is driving the adoption of high-performance road marking equipment.

Robust Road Infrastructure Development: In the United States alone, where road safety is a top priority, investments in modernizing road markings contribute significantly to reducing accidents and fatalities. According to the Federal Highway Administration (FHWA), the United States experiences over 36,000 traffic-related deaths annually, emphasizing the critical role of effective road markings. The region's commitment to smart city initiatives and the integration of intelligent transportation systems further propels the demand for cutting-edge road marking solutions. This, in turn, will enhance North America’s road marking equipment machine market share.

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Nikhil Kaitwade

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Truck Mounted Road Marking Equipment to Steal the Show

As per the report, truck mounted road marking equipment is expected to dominate the global market. It held a value share of about 80.6% in 2023. This is attributable to the superior efficiency, larger capacity, and versatility of truck-mounted road marking machines in handling extensive road networks.

The advanced features of truck-mounted equipment, including automatic guns and multi-gun setups, enable simultaneous application of multiple lines and colors. As a result, these road marking machines cater to diverse road marking requirements.

Truck-mounted road marking equipment are positioned to steal the show in the road marking industry due to their versatility, efficiency, and adaptability to large-scale projects. Unlike walk-behind or self-propelled machines, truck-mounted equipment offers enhanced speed and capacity, making them ideal for extensive road networks and highway applications.

The larger size allows for increased material storage, minimizing the need for frequent refills during operations and thereby enhancing productivity. These machines often come equipped with advanced features such as automatic guns and multi-gun setups, enabling the simultaneous application of multiple lines or colors, a crucial capability for meeting diverse road marking requirements and intricate designs.

The self-sufficiency of truck-mounted equipment contributes to its attractiveness, offering an all-in-one solution for road marking projects, including pre-marking and marking wider lines. With the ability to cover more ground efficiently, truck-mounted road marking equipment emerges as a preferred choice for road construction contractors. This adaptability positions truck-mounted equipment as a standout performer in the road marking sector.

Self-propelled road marking equipment are also witnessing significant demand, rising at a 5.9% CAGR during the forecast period. This is because they offer enhanced maneuverability and efficiency, particularly suitable for projects requiring intricate designs, short lines, and curves.

Their adaptability to different road marking needs positions self-propelled road marking machines as a preferred choice for projects where maneuverability, precision, and versatility are paramount. Similarly, technological advancements will further encourage their adoption.

Road Marking Equipment Market Overview

The global road marking equipment market is significantly influenced by total construction spending, with road construction constituting approximately 23.0% of the overall expenditure. This highlights the market's dependence on increased construction activities, where the demand for effective road safety measures drives the adoption of road marking equipment.

Government regulations play a crucial role, mandating road marking cycles every three years and annual requirements in coastal areas. These regulations establish a consistent demand for road marking equipment, ensuring stability for manufacturers and suppliers.

The expansive global road network, spanning 63,690,567 km, provides a substantial market opportunity. Key contributors to this network, such as the United States, India, and China, emerge as primary markets for road marking equipment. The market is poised for growth as the construction sector expands, fueled by robust infrastructure development initiatives globally.

The increasing emphasis on road safety and the expansion of transportation infrastructure worldwide will further drive market demand. Road marking equipment are essential for creating clear, durable, and standardized markings on roads, highways, and airport runways, contributing to efficient traffic management and safety.

The prevalence of air travel in countries like the United States, Brazil, Mexico, Canada, Russia, and Argentina underscores the importance of robust airport infrastructure. Runway marking machines play a vital role in achieving consistent and compliant markings. They help in meeting specific dimensions, color schemes, and placement as mandated by regulatory bodies such as the International Civil Aviation Organization (ICAO).

Amid rise in global tourism, more and more airports are being established. This is expected to drive the demand for advanced road marking solutions to maintain safety standards and comply with global aviation regulations.

Demand remains exceptionally high for truck-mounted and self-propelled road marking machines in the aviation sector owing to high functionality and quicker operation. Runway marking machines are essential for maintaining clear and visible markings, aligning with international regulations set by organizations like the ICAO.

The distribution of stadiums globally, reflecting varying levels of economic development and infrastructure investment, presents opportunities for the road marking equipment industry. Countries with extensive stadium infrastructure may demand sophisticated road marking solutions to support transportation influx during events, contributing to the overall growth of the market.

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2018 to 2022 Road Marking Equipment Market Outlook Vs. 2023 to 2033 Forecast

Global sales of road marking equipment grew at a CAGR of 2.0% between 2018 and 2022. Total market revenue reached about US$ 1,283.5 million in 2022. In the forecast period, the worldwide road marking equipment industry is set to thrive at a CAGR of 5.9%.

Historical CAGR (2018 to 2022) 2.0%
Forecast CAGR (2023 to 2033) 5.9%

The global road marking equipment market witnessed slow growth between 2018 and 2022. This was mostly due to reduced construction and road maintenance activities caused by the COVID-19 pandemic.

The COVID-19 pandemic had a notable impact on the road marking equipment market, causing disruptions and influencing market dynamics. Construction activities faced setbacks due to labor shortages, supply chain disruptions, and economic uncertainties. Governments redirected budgets towards pandemic response, impacting funding for road construction projects.

On the other hand, surge in infrastructure development projects worldwide, coupled with an increasing emphasis on road safety measures, contributed to the market growth. Governments and municipalities globally invested in modernizing road markings to enhance traffic management and reduce accidents.

Future Scope of the Road Marking Equipment Market

Over the forecast period, the global road marking equipment industry is estimated to grow significantly, totaling a valuation of US$ 2,382.4 million by 2033. This is because governments and industries prioritize safety, compliance, and technological advancements in transportation infrastructure projects.

The increasing funding for both the reconstruction and construction of new road infrastructure projects significantly contributes to the augmented demand for road marking equipment. As per the World Economic Forum, global infrastructure development is estimated to reach US$ 79.0 trillion by 2040. This will create growth prospects for the market.

The surge in the number of sports events at both national and international levels, including high-profile spectacles like the Olympics and Commonwealth Games, serves as a catalyst for the market's growth. The substantial investments by governments and local authorities in road safety measures, with a focus on road markings, further propel the market forward.

The global emphasis on smart city initiatives is an influential factor expected to uplift demand for road marking equipment. Also, the increasing global fleet of autonomous vehicles, expected to reach 745,705 units by 2023, emphasizes the importance of road markings for successful implementation, contributing to the market's expansion.

Key Market Dynamics

  • New Road Construction Projects to Profit Road Marking Equipment Market

Since the beginning of the 20th century, the automobile and commercial transportation have offered ever higher levels of mobility and resulted in increased vehicle ownership per person. This popularity, as well as the vast flow of people to cities, has had a significant impact on road demands.

Governments worldwide are spending enormous amounts on developing and expanding new road infrastructure to cater to expanding vehicle fleets. This is expected to create demand for road marking paints as well as roading marking equipment.

For instance, the Government of India and the World Bank signed a US$ 500-million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh, and Andhra Pradesh. These projects are set to boost the sales of road marking equipment in the forecast period.

  • Service and Maintenance Activities Uplifting Business Development

Service and maintenance revenue can contribute significantly to overall revenue. Service and maintenance can also help a company generate future revenue by allowing itself to stay in touch with its clients between product sales.

Providing great service and maintenance to clients increases customer happiness and loyalty. This, in turn, increases the likelihood that the company will be able to keep customers and grow its business with them.

Marking equipment also requires timely service and maintenance for proper working. Further, there are other setups which require professional/engineers from respective companies to calibrate paint thickness, spray guns, etc., per job requirements.

  • Innovation in Marking Equipment Becoming a Key Success Tool

Innovating technologies leads to increased production and product quality. Similarly, significant developments in road marking systems have been noticed over the last decade. The newly released products have a longer wear life and improve conspicuity in poor conditions.

The new technologies provide highway authorities with an accurate picture of network safety. For instance, STiM Kontur 650H offers a sophisticated control system. It consists of laser-guided automatic control, which can detect the degraded markings and apply new markings wherever required.

  • Increasing Focus on Vehicular Traffic Safety Fostering Sales

According to the World Health Organization (WHO), 1.25 million deaths occur yearly due to road accidents. One of the key reasons causing this high number of deaths is the absence of road markings.

To reduce road accidents and improve passenger safety, governments have started to increase their investment in road safety. According to the European Union Road Federation 2018, the EU invested around 11.378 million euros in road infrastructure. Therefore, the increasing number of road accidents, coupled with need for improving road safety, is set to drive the road marking equipment market.

Key Factors Restraining Road Marking Equipment Market Growth

  • Stringent Regulations and Deficient Tendering

Road infrastructure is prominently held by public/government authorities in most countries. The governments in these countries generally function by releasing tenders for companies that are either state-owned and follow government guidelines or are privately owned but have to follow government guidelines to run the business smoothly.

Various ministries and government levels are implementing tendering through different policies, laws, and decrees. This sometimes might overlap or leave gaps, thereby limiting market expansion.

Governments in these nations have implemented specific regulations often favoring local companies, making it difficult for foreign companies to enter. This can impact the overall market performance.

  • Rising Raw Material Prices to Affect Concerned Market Negatively

The volatile and price-sensitive markets such as Asia Pacific will have direct and widespread implications for manufacturing companies. Rising cost of raw materials used for road marking equipment is becoming a primary concern of road marking machine manufacturers.

Increasing raw material prices destabilize the supply chain and a product’s selling price. The unpredictable surge in raw materials prices of marking machines is a big concern amongst manufacturers. This, in turn, is anticipated to hinder the growth of the road marking equipment market.

  • Slow Sales Movement of Truck Mounted Road Marking Equipment

Truck-mounted road marking equipment/machines are generally used for large-scale marking jobs for highways & airports. However, high prices and maintenance costs negatively affect the truck mounted road marking equipment sales. This is especially true for the South Asian market.

In South Asia, road contractors mostly prefer hand-propelled as well as self-propelled equipment over truck-mounted ones. The main reason is the price difference of around US$ 0.1 million between hand-propelled road marking machines and truck-mounted ones.

Country-wise Insights

The table below highlights key countries’ road marking equipment market revenues. The United States, China, and Japan are expected to remain the top three consumers of road marking equipment, with expected valuations of US$ 646.8 million, US$ 286.5 million, and US$ 159.1 million, respectively, in 2033.

Countries Expected Road Marking Equipment Revenue (2033)
United States US$ 646.8 million
China US$ 286.5 million
Japan US$ 159.1 million

The below table shows the estimated growth rates of the top four countries. The Association of Southeast Asian Nations, India, Japan, and China are set to record higher CAGRs of 8.0%, 7.2%, 6.7% and 6.5% respectively, through 2033.

Countries Projected Road Marking Equipment CAGR (2023 to 2033)
Association of Southeast Asian Nations (ASEAN) 8.0%
India 7.2%
Japan 6.7%
China 6.5%

Growing Emphasis on Improving Road Safety Boosting Sales in China

Sales of road marking equipment in China are projected to soar at a CAGR of around 6.5% during the assessment period. Total valuation in the country is anticipated to reach US$ 286.5 million by 2033.

Multiple factors are anticipated to drive growth of the road marking equipment market in China. These include expanding road infrastructure, rising focus on improving road safety, and high adoption of advanced road marking technologies, including automated traffic line painting equipment.

With over 700 daily road accident fatalities, according to the World Health Organization (WHO), China faces a critical traffic challenge, necessitating advanced road safety measures. High-quality road markings have demonstrated significant success in reducing accidents by enhancing road visibility during various conditions. This is expected to drive demand for road marking equipment.

The Chinese government has recognized the importance of improving road navigation to address road safety challenges, leading to substantial investments and initiatives. This will likely create growth opportunities for road marking equipment manufacturers.

Several government authorities and road marking companies are striving to improve road safety across China. For instance, in 2018, collaborative efforts were made by broad authorities and industry players, such as 3M, to promote the use of high-quality thermoplastic markings on Chinese roads.

China's emphasis on upgrading road markings at a national level is driven by the proven benefits of high-quality markings in enhancing traffic safety. The use of profiled markings, including audible and reflective elements, contributes to better visibility during adverse conditions like rain and night.

With ongoing seminars and demonstrations, China is gearing up to implement high-quality road markings nationwide, aligning with global best practices and emphasizing road safety as a top priority. This is anticipated to drive demand for road marking equipment through 2033.

Increasing Road Infrastructure Investment Fueling Demand in Germany

Germany road marking equipment market size is projected to reach US$ 73.3 million by 2033. Over the assessment period, demand for road marking equipment in the Germany is set to rise at 4.0% CAGR.

The extensive road work projects in Germany, particularly in the Rhine-Main, Saarland, and Rhineland-Palatinate regions, are poised to fuel the demand for road marking equipment. Similarly, availability of advanced road marking technologies will foster market growth.

With a robust budget of €315 million earmarked for highway upgrades and rebuilding in the Rhine-Main region alone, there is a pressing need for cutting-edge road marking technology to ensure the effectiveness and safety of these newly developed roadways. Southern Hesse's allocation of €180 million and Rhine Hesse's €135 million budget for highway works further amplify the demand for advanced road marking solutions to meet the standards of modern infrastructure.

The new investments underscore Germany's commitment to fostering a robust and modern transportation infrastructure. The demand for road marking equipment is not only reflective of these infrastructure developments but also indicative of the nation's dedication to ensuring the highest standards of road safety and efficiency.

India to Present Abundant Opportunities for Road Marking Equipment Manufacturers

India stands as a promising market for road marking machine manufacturers. This is due to significant infrastructure development, burgeoning urbanization, high adoption of thermoplastic stripping machines, and a heightened focus on road safety.

As per the latest analysis, the road marking equipment market in India is anticipated to total US$ 58.2 million by 2033. Over the forecast period, demand for road marking equipment in India is set to increase at a robust CAGR of 7.2%.

India is witnessing a rise in ambitious road construction projects, such as the Bharatmala Pariyojana, aimed at enhancing connectivity and infrastructure. This will contribute substantially to the demand for advanced road marking solutions.

With the increasing number of vehicles on Indian roads, there is a growing awareness of the critical role road markings play in traffic management and accident prevention. As a result, there is a heightened emphasis on adopting modern road marking technologies and equipment to enhance road safety standards.

New regulations and rules are being launched in India to encourage adoption of road marking solutions for improved safety. For instance, the implementation of the Motor Vehicles (Amendment) Act in 2019, which emphasizes stringent traffic rules and regulations, is accelerating the adoption of advanced road marking solutions to enforce compliance.

Road Infrastructure Upgradation to Boost Sales in Japan

Japan road marking equipment market is poised to exhibit a CAGR of 6.7% during the assessment period. By 2033, sales of road marking equipment in Japan will likely total US$ 159.1 million.

As Japan deals with the persistent need for accelerated infrastructure maintenance, including tunnels, bridges, and roads, the demand for advanced road marking equipment is set to experience a significant boost. These marking solutions are becoming vital in road infrastructure projects.

The government's commitment to addressing the aging infrastructure, underscored by a recent incident in a central Japan tunnel, emphasizes the critical importance of enhancing safety and efficiency on the nation's roadways. With approximately 40% of Japan's tunnels requiring immediate repairs, the role of road marking equipment becomes pivotal in ensuring enhanced visibility and safety for motorists.

As the government focuses on preventive maintenance investment to curb long-term costs, the road marking equipment market stands poised to witness a surge in sales. These marking technologies will play a pivotal role in Japan's infrastructure revitalization journey.

There is also a growing need for innovative solutions, including cutting-edge technologies like drones and sensors, to streamline maintenance processes. The integration of road marking equipment aligns with broader infrastructure improvements, making roadways not only safer but also more conducive to Japan's evolving demographic landscape.

Category-wise Insights

The below section shows the anti-skid marking segment dominating the market. It is forecast to thrive at a 6.1% CAGR between 2023 and 2033. Based on end-use, the road construction contractor segment is set to exhibit a CAGR of 5.6% during the forecast period.

Road Construction Contractors Remain Leading End-users

Top Segment (End-use) Road Construction Contractors
Predicted CAGR (2023 to 2033) 5.6%

Based on end-use, the road construction contractors segment is forecast to rise at a CAGR of 5.6% during the assessment period. By 2033, the target segment is estimated to reach US$ 1,538.6 million.

The dominance of the road construction contractor segment in the road marking equipment market is driven by several key factors. Firstly, road construction contractors are pivotal stakeholders responsible for the planning, execution, and maintenance of road infrastructure projects. Their involvement in the entire life cycle of road development positions them as primary end users of road marking equipment.

Growing focus on enhancing road safety and traffic management underscores the importance of precise and durable road markings. Road construction contractors, being at the forefront of infrastructure development, prioritize the integration of advanced road marking solutions to comply with safety standards and regulations.

The expansion of urban areas and the rise in infrastructure projects worldwide, coupled with the need for efficient transportation networks, further amplify the demand for road construction services. As a result, contractors consistently invest in high-quality road marking equipment to deliver superior road marking solutions, reinforcing their dominant position in the market.

Anti-skid Road Markings Segment to Create Lucrative Growth Prospects

Top Segment (Application) Anti-skid Markings
Projected CAGR (2023 to 2033) 6.1%

Anti-skid road marking solutions play a pivotal role in reducing accidents by enhancing friction on road surfaces, particularly in critical areas such as sharp bends, junctions, pedestrian crossings, and intersections. This heightened emphasis on safety aligns with broader global initiatives aimed at achieving sustainable, secure, and efficient transportation systems.

The growing awareness of the importance of infrastructure durability fuels the demand for anti-skid road marking equipment. Similarly, growing adoption of high-friction surfacing solutions like anti-skid markings will boost the target segment.

Traditional road markings often face challenges related to wear and tear, necessitating frequent maintenance. Anti-skid road marking solutions, with their abrasion-resistant properties, offer extended lifespan and reduced maintenance requirements. This durability factor is becoming increasingly crucial for governments and transportation authorities seeking cost-effective, long-term solutions for their road networks.

As per the global market study on road marking equipment, the anti-skid markings segment is projected to thrive at a 6.1% CAGR during the forecast period. It will likely total US$ 486.8 million by 2033.

Competitive Landscape

The global road marking equipment industry landscape is fragmented, with leading players accounting for about 12% to 15% of the market share. Graco Inc., M-B Companies, Sibestar s.r.l, ROCOL, Vogel Traffic Services, Hofmann, MRL Equipment Co., BORUM A/S, STiM, Nanjing Roadsky Traffic Facility Co., Ltd., Winter Markiertechnik GmbH, Toyo Nainenki Kogyosha Co., Ltd., CMC s.r.l, RME, Larius S.R.L, and United Pavement Marking, Inc. are the leading manufacturers of road marking equipment listed in the report.

Top road marking companies are concentrating on advanced marking technologies with user-friendly features. For instance, they are incorporating automation and other novel technologies in road marking machines to encourage their adoption. Several players are also looking to adopt strategies like partnerships and distribution agreements to boost their revenue and stay on top of the market.

Recent Developments in Road Marking Equipment Market:

  • In May 2021, a new cloud management system was unveiled by Hofmann for its road marking machine through which operators can manage machines on a common platform – via the internet or the smartphone app.
  • In Feb 2020, Hofmann launched two new road marking equipment, including the new generation road marking machine H18-2 and Road Marking Machine H10-2.

Road Marking Equipment Industry Research Scope

Attribute Details
Base Market Value (2023) US$ 1,347.7 million
Projected Market Size (2033) US$ 2,382.4 million
Anticipated Growth Rate (2023 to 2033) 5.9%
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Value (US$ million) and Volume (Units)
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Market Segments Covered Type, Capacity, Technology, Application, End-use, Region
Regions Covered North America; Latin America; Western Europe; Eastern Europe; East Asia; South Asia & Pacific; Middle East & Africa
Key Countries Covered United States, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, BENELUX, NORDICS, Poland, Hungary, Balkan and Baltics, Russia, India, Association of Southeast Asian Nations, Australia and New Zealand, China, Japan, South Korea, Kingdom of Saudi Arabia, Other GCC Countries, Türkiye, Other African Union, South Africa
Key Companies Profiled Graco Inc.; M-B Companies; Vogel Traffic Services; Hofmann; MRL Equipment Co.; BORUM A/S; STiM; Nanjing Roadsky Traffic Facility Co., Ltd.; Toyo Nainenki Kogyosha Co., Ltd.; CMC s.r.l; Sibestar s.r.l; ROCOL; Winter Markiertechnik GmbH; RME; Larius S.R.L; United Pavement Marking, Inc.

Road Marking Equipment Market Segmentation

By Type:

  • Manual
  • Self-propelled
  • Truck Mounted

By Capacity:

  • Below 100 L
  • 101 to 250 L
  • 251 to 500 L
  • 501 to 750 L
  • Above 750 L

By Technology:

  • Airless
  • Airspray
  • Thermoplastic Airspray

By Application:

  • Road Markings
  • Parking Lots
  • Anti-skid Markings
  • Others

By End Use:

  • Road Construction Contractors
    • Government
    • Private
  • Construction Companies
  • Airports
  • Sports Infrastructures

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Frequently Asked Questions

How big is the road marking equipment market?

The global road marking machine market value totaled US$ 1,347.7 million in 2023.

At what rate will the global demand rise through 2033?

Global demand for road marking equipment is anticipated to rise at a 5.9% CAGR.

What is the projected market size in 2033?

The global road marking machine market size is set to reach US$ 2,382.4 million by 2033.

Which end-use segment is expected to lead the market?

Road construction contractors segment is expected to lead the market.

What are the machines used in road marking?

Cold paint road marking machines, thermoplastic road marking machines, and others.

What is marking equipment?

Machines used to create markings on products and other surfaces.

What are the three types of road marking commonly used?

Longitudinal markings, symbol marking, and transverse markings.

What is marking equipment?

Machines used to create markings on products and other surfaces.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Strategic Promotional Strategies

5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033

    5.1. Historical Market Volume (Units) Analysis, 2018 to 2022

    5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033

    5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Type

    6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033

    7.1. Historical Market Value (US$ million) Analysis, 2018 to 2022

    7.2. Current and Future Market Value (US$ million) Projections, 2023 to 2033

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global Economic Outlook

        8.1.2. Global GDP Growth Outlook

        8.1.3. Manufacturing Value-Added

        8.1.4. Global Urbanization Growth Rate

        8.1.5. Global Population and Urbanization Overview

        8.1.6. Top Countries with Highest Number of Airports by Worldwide

        8.1.7. List of Top 10 Countries by Road Network

        8.1.8. Country Wise Total Number Of Stadiums

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. Global Infrastructure Investment Outlook

        8.2.2. Growth in Sports activity

        8.2.3. Impact of Regulation and Policies

        8.2.4. Global Smart Cities Investment Outlook

        8.2.5. Autonomous Fleet on Road Outlook

        8.2.6. Global Paints & Coatings Industry Outlook

        8.2.7. Urban Population Growth

        8.2.8. Global Bitumen Consumption Outlook

    8.3. Value Chain

        8.3.1. Product Manufacturers

        8.3.2. End Users

        8.3.3. Avg. Profitability Margins

    8.4. COVID-19 Crisis – Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ million) and Volume Analysis By Type, 2018 to 2022

    9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Type, 2023 to 2033

        9.3.1. Manual

        9.3.2. Self-propelled

        9.3.3. Truck Mounted

    9.4. Market Attractiveness Analysis By Type

10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ million) and Volume Analysis By Capacity, 2018 to 2022

    10.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Capacity, 2023 to 2033

        10.3.1. Below 100 Ltrs

        10.3.2. 100 to 250 Ltrs

        10.3.3. 250 to 500 Ltrs

        10.3.4. 500 to 750 Ltrs

        10.3.5. Above 750 Ltrs

    10.4. Market Attractiveness Analysis By Capacity

11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ million) and Volume Analysis By Technology, 2018 to 2022

    11.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Technology, 2023 to 2033

        11.3.1. Airless

        11.3.2. Airspray

        11.3.3. Thermoplastic Airspray

    11.4. Market Attractiveness Analysis By Technology

12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ million) and Volume Analysis By Application, 2018 to 2022

    12.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Application, 2023 to 2033

        12.3.1. Road Markings

        12.3.2. Parking Lots

        12.3.3. Anti-skid Markings

        12.3.4. Others

    12.4. Market Attractiveness Analysis By Application

13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use

    13.1. Introduction / Key Findings

    13.2. Historical Market Size (US$ million) and Volume Analysis By End Use, 2018 to 2022

    13.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By End Use, 2023 to 2033

        13.3.1. Road Construction Contractors

            13.3.1.1. Government

            13.3.1.2. Private

        13.3.2. Construction Companies

        13.3.3. Airports

        13.3.4. Sports Infrastructures

    13.4. Market Attractiveness Analysis By End Use

14. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region

    14.1. Introduction

    14.2. Historical Market Size (US$ million) and Volume Analysis By Region, 2018 to 2022

    14.3. Current Market Size (US$ million) and Volume Analysis and Forecast By Region, 2023 to 2033

        14.3.1. North America

        14.3.2. Latin America

        14.3.3. Western Europe

        14.3.4. Eastern Europe

        14.3.5. South Asia and Pacific

        14.3.6. East Asia

        14.3.7. Middle East & Africa

    14.4. Market Attractiveness Analysis By Region

15. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    15.1. Introduction

    15.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    15.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        15.3.1. By Country

            15.3.1.1. United States

            15.3.1.2. Canada

            15.3.1.3. Mexico

        15.3.2. By Type

        15.3.3. By Capacity

        15.3.4. By Technology

        15.3.5. By Application

        15.3.6. By End Use

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Type

        15.4.3. By Capacity

        15.4.4. By Technology

        15.4.5. By Application

        15.4.6. By End Use

16. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    16.1. Introduction

    16.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    16.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        16.3.1. By Country

            16.3.1.1. Brazil

            16.3.1.2. Chile

            16.3.1.3. Rest of Latin America

        16.3.2. By Type

        16.3.3. By Capacity

        16.3.4. By Technology

        16.3.5. By Application

        16.3.6. By End Use

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Type

        16.4.3. By Capacity

        16.4.4. By Technology

        16.4.5. By Application

        16.4.6. By End Use

17. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    17.1. Introduction

    17.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    17.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        17.3.1. By Country

            17.3.1.1. Germany

            17.3.1.2. Italy

            17.3.1.3. France

            17.3.1.4. United Kingdom

            17.3.1.5. Spain

            17.3.1.6. BENELUX

            17.3.1.7. NORDICS

            17.3.1.8. Rest of Western Europe

        17.3.2. By Type

        17.3.3. By Capacity

        17.3.4. By Technology

        17.3.5. By Application

        17.3.6. By End Use

    17.4. Market Attractiveness Analysis

        17.4.1. By Country

        17.4.2. By Type

        17.4.3. By Capacity

        17.4.4. By Technology

        17.4.5. By Application

        17.4.6. By End Use

18. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    18.1. Introduction

    18.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    18.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        18.3.1. By Country

            18.3.1.1. Poland

            18.3.1.2. Hungary

            18.3.1.3. Russia

            18.3.1.4. Rest of Eastern Europe

        18.3.2. By Type

        18.3.3. By Capacity

        18.3.4. By Technology

        18.3.5. By Application

        18.3.6. By End Use

    18.4. Market Attractiveness Analysis

        18.4.1. By Country

        18.4.2. By Type

        18.4.3. By Capacity

        18.4.4. By Technology

        18.4.5. By Application

        18.4.6. By End Use

19. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    19.1. Introduction

    19.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    19.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        19.3.1. By Country

            19.3.1.1. India

            19.3.1.2. ASEAN

            19.3.1.3. ANZ

            19.3.1.4. Rest of South Asia & Pacific

        19.3.2. By Type

        19.3.3. By Capacity

        19.3.4. By Technology

        19.3.5. By Application

        19.3.6. By End Use

    19.4. Market Attractiveness Analysis

        19.4.1. By Country

        19.4.2. By Type

        19.4.3. By Capacity

        19.4.4. By Technology

        19.4.5. By Application

        19.4.6. By End Use

20. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    20.1. Introduction

    20.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    20.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        20.3.1. By Country

            20.3.1.1. China

            20.3.1.2. Japan

            20.3.1.3. South Korea

        20.3.2. By Type

        20.3.3. By Capacity

        20.3.4. By Technology

        20.3.5. By Application

        20.3.6. By End Use

    20.4. Market Attractiveness Analysis

        20.4.1. By Country

        20.4.2. By Type

        20.4.3. By Capacity

        20.4.4. By Technology

        20.4.5. By Application

        20.4.6. By End Use

21. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    21.1. Introduction

    21.2. Pricing Analysis

    21.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    21.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        21.4.1. By Country

            21.4.1.1. KSA

            21.4.1.2. Other GCC Countries

            21.4.1.3. Türkiye

            21.4.1.4. South Africa

            21.4.1.5. Rest of African Union

            21.4.1.6. Rest of Middle East and Africa

        21.4.2. By Type

        21.4.3. By Capacity

        21.4.4. By Technology

        21.4.5. By Application

        21.4.6. By End Use

    21.5. Market Attractiveness Analysis

        21.5.1. By Country

        21.5.2. By Type

        21.5.3. By Capacity

        21.5.4. By Technology

        21.5.5. By Application

        21.5.6. By End Use

22. Country-wise Market Analysis

    22.1. Introduction

        22.1.1. Market Value Proportion Analysis, By Key Countries

        22.1.2. Global Vs. Country Growth Comparison

    22.2. United States Market Analysis

        22.2.1. By Type

        22.2.2. By Capacity

        22.2.3. By Technology

        22.2.4. By Application

        22.2.5. By End Use

    22.3. Canada Market Analysis

        22.3.1. By Type

        22.3.2. By Capacity

        22.3.3. By Technology

        22.3.4. By Application

        22.3.5. By End Use

    22.4. Mexico Market Analysis

        22.4.1. By Type

        22.4.2. By Capacity

        22.4.3. By Technology

        22.4.4. By Application

        22.4.5. By End Use

    22.5. Brazil Market Analysis

        22.5.1. By Type

        22.5.2. By Capacity

        22.5.3. By Technology

        22.5.4. By Application

        22.5.5. By End Use

    22.6. Chile Market Analysis

        22.6.1. By Type

        22.6.2. By Capacity

        22.6.3. By Technology

        22.6.4. By Application

        22.6.5. By End Use

    22.7. Germany Market Analysis

        22.7.1. By Type

        22.7.2. By Capacity

        22.7.3. By Technology

        22.7.4. By Application

        22.7.5. By End Use

    22.8. Italy Market Analysis

        22.8.1. By Type

        22.8.2. By Capacity

        22.8.3. By Technology

        22.8.4. By Application

        22.8.5. By End Use

    22.9. France Market Analysis

        22.9.1. By Type

        22.9.2. By Capacity

        22.9.3. By Technology

        22.9.4. By Application

        22.9.5. By End Use

    22.10. United Kingdom Market Analysis

        22.10.1. By Type

        22.10.2. By Capacity

        22.10.3. By Technology

        22.10.4. By Application

        22.10.5. By End Use

    22.11. Spain Market Analysis

        22.11.1. By Type

        22.11.2. By Capacity

        22.11.3. By Technology

        22.11.4. By Application

        22.11.5. By End Use

    22.12. NORDICS Market Analysis

        22.12.1. By Type

        22.12.2. By Capacity

        22.12.3. By Technology

        22.12.4. By Application

        22.12.5. By End Use

    22.13. Poland Market Analysis

        22.13.1. By Type

        22.13.2. By Capacity

        22.13.3. By Technology

        22.13.4. By Application

        22.13.5. By End Use

    22.14. Hungary Market Analysis

        22.14.1. By Type

        22.14.2. By Capacity

        22.14.3. By Technology

        22.14.4. By Application

        22.14.5. By End Use

    22.15. Russia Market Analysis

        22.15.1. By Type

        22.15.2. By Capacity

        22.15.3. By Technology

        22.15.4. By Application

        22.15.5. By End Use

    22.16. Czech Republic

    22.17. China Market Analysis

        22.17.1. By Type

        22.17.2. By Capacity

        22.17.3. By Technology

        22.17.4. By Application

        22.17.5. By End Use

    22.18. Japan Market Analysis

        22.18.1. By Type

        22.18.2. By Capacity

        22.18.3. By Technology

        22.18.4. By Application

        22.18.5. By End Use

    22.19. South Korea Market Analysis

        22.19.1. By Type

        22.19.2. By Capacity

        22.19.3. By Technology

        22.19.4. By Application

        22.19.5. By End Use

    22.20. India Market Analysis

        22.20.1. By Type

        22.20.2. By Capacity

        22.20.3. By Technology

        22.20.4. By Application

        22.20.5. By End Use

    22.21. ASEAN Market Analysis

        22.21.1. By Type

        22.21.2. By Capacity

        22.21.3. By Technology

        22.21.4. By Application

        22.21.5. By End Use

    22.22. Australia and New Zealand Market Analysis

        22.22.1. By Type

        22.22.2. By Capacity

        22.22.3. By Technology

        22.22.4. By Application

        22.22.5. By End Use

    22.23. KSA Market Analysis

        22.23.1. By Type

        22.23.2. By Capacity

        22.23.3. By Technology

        22.23.4. By Application

        22.23.5. By End Use

    22.24. Turkiye Market Analysis

        22.24.1. By Type

        22.24.2. By Capacity

        22.24.3. By Technology

        22.24.4. By Application

        22.24.5. By End Use

    22.25. South Africa Market Analysis

        22.25.1. By Type

        22.25.2. By Capacity

        22.25.3. By Technology

        22.25.4. By Application

        22.25.5. By End Use

23. Market Structure Analysis

    23.1. Market Analysis by Tier of Companies

    23.2. Market Concentration

    23.3. Market Share Analysis of Top Players

    23.4. Market Presence Analysis

        23.4.1. By Regional Footprint of Players

        23.4.2. By Product Footprint

24. Competition Analysis

    24.1. Competition Dashboard

    24.2. Competition Benchmarking

    24.3. Competition Deep Dive

        24.3.1. Graco Inc.

            24.3.1.1. Overview

            24.3.1.2. Product Portfolio

            24.3.1.3. Profitability by Market Segments (Business Segments/Region)

            24.3.1.4. Sales Footprint

            24.3.1.5. Strategy Overview

        24.3.2. M-B Companies

        24.3.3. Vogel Traffic Services

        24.3.4. Hofmann

        24.3.5. MRL Equipment Co.

        24.3.6. BORUM A/S

        24.3.7. STiM

        24.3.8. Nanjing Roadsky Traffic Facility Co., Ltd.

        24.3.9. Toyo Nainenki Kogyosha Co., Ltd.

        24.3.10. CMC s.r.l

        24.3.11. Sibestar s.r.l

        24.3.12. ROCOL

        24.3.13. Winter Markiertechnik GmbH

        24.3.14. RME

        24.3.15. Larius S.R.L

        24.3.16. United Pavement Marking, Inc.

25. Assumptions and Acronyms Used

26. Research Methodology

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