The global road scribing machine market is experiencing a significant growth and will grow significantly during the forecast period. A road scribing machine is a device especially used for the demarcation and segmentation of a road surface. A road scribing machine consists of an engine, an air compressor, paint storage tank, paint kettle or heating and melting paint, spray nozzle, guide rod, controller and other devices. A wide range of road scribing machines are available in the market, which makes it applicable for a wide range of works. Road scribing machines are capable of maintaining the thickness of the markings as well as the density of the paint used, which makes them time and cost-efficient. With features such as kettle for heating and melting paint, the road scribing machines can be used in cold regions. The road scribing machines are widely used for demarcation of parking spaces on roads as well as in residential and commercial complexes.
Market Scope and Structure Analysis
As the world is witnessing rapid development of roads, the safety of the road users is an important factor to be considered. Thus, marking of the traffic lines is a crucial activity in the construction of roads. Road scribing machines have over the period of time given road contractors an efficient method of scribing the road surfaces. The rapid construction of roads in emerging economies as well as the continuous maintenance of existing roads in the developed countries drives the demand for road scribing machines.
COVID-19 Impact analysis
- COVID-19 pandemic has shut-down the production of various products in the road scribing machine industry attributed to the lockdown in countries worldwide. This has hampered the growth of the road scribing machine market from the past few months and is likely to continue during 2021.
- COVID-19 has substantially affected the infrastructure structure globally, this has resulted in a steep decrease in the construction of new roads in developing economies. Thus, affecting the sales of road scribing machines in the first quarter of 2021, and is anticipated to cause a negative impact on the market growth throughout the year.
- The major demand for road scribing machines was previously noticed from countries including India, Germany, the U.S., and China, which are negatively affected by the spread of the coronavirus; thereby, declining the demand for road scribing machines.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Road scribing machine manufacturers can afford declining sales only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis.
- Road scribing machine manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward 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
The importance of infrastructure on the overall development of a country has been accepted worldwide, which has resulted in substantial increase in the infrastructure investments of the developing countries, which in turn drives the demand for road scribing machines. Lack of traffic markings on roads has continued to be one of the major factors for road accidents over the years, which further highlights the importance of traffic markings, thus being another driving factor for the road scribing machines manufacturing industry. The road scribing machines can also be used for scribing in parking lots, road intersections, anti-skid markings, runways, ports, IT parks, and road warnings, which further boost the growth potential of road scribing machine market. The fluctuations in the price of raw materials and high initial costs is expected to be a constraint in the market growth. In the era of rising labour costs around the world, road scribing machines are an attractive solution for the efficient development of roads.
Market Trends
- The growing demands of the infrastructures industry has increased investments and research in the road scribing machines industry. For instance, G R Infrastructure Projects has set up a new thermoplastic road marking unit in Udaipur under the brand name White Mark to fulfill the requirements of the road marking industry. White Mark Thermoplastic provides improved visibility in the night and thus is the solution for problems such as of non-visibility of markings during wet & rainy conditions.
- The revolutionary advancements in the automobile industry such as autonomous vehicles has increased the demand for precise and consistent road marking which can only be achieved with the use of road scribing machines.
- The increase in the number of residential complexes and IT parks, further increase the growth potential for the road scribing industry.
- The concepts like smart zebra crossing increases potential for research and development in the road scribing industry.
Key Benefits of the Report
- This study presents the analytical depiction of the mobile road scribing machines industry 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 detailed analysis of the mobile road scribing machine market share.
- The current market is quantitatively analyzed to highlight the mobile road scribing machine market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed mobile road scribing machine market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Road Scribing Machines Report
- Who are the leading global players in the "Road Scribing Machines" Market?
- What are the current trends and predicted trends?
- What is "Road Scribing Machines "?
- What is "Road Scribing Machines" Market prediction in the future?
- What are the challenges faced in the "Road Scribing Machines" Market?
- What are the driving factors and opportunities in the market?
- What are the key benefits of the "Road Scribing Machines" Market report?
Road Scribing Machines Market Report Highlights
| Aspects | Details |
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 By End User Industry |
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 Key Market Players | Toyo Nainenki Kogyosha Co., Ltd., Vinayak Construction Equipment, Automark Industries (India) Pvt. Ltd., Asian Construction Equipment Group Co., Ltd., Hofmann, BORUM A/S, SAMOA Industrial, S.A., Graco Inc., Henan Yugong Machinery Co., Ltd., Tatu Highway Group Co.,ltd. |
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