Published on : Mar 27, 2020
The global line marking machines market is expected to witness rapid growth over the tenure of assessment due to the rising need for road safety across the globe. Line marking machines refers to a newly developed technique of marking a line. It helps in the production of clear-cut lines with deep action that is clearly visible. A stable machine that is quite easy to maneuver draws lines quite securely on surfaces of both natural and artificial grass.
Some of the key market players mentioned in the global line marking machines market comprise TATU Highway Group, Dayu Road Marking Co., Ltd., Rigby Taylor Ltd, Hofmann GmbH, Zehntner GmbH, and Automark Industries India Private Limited.
Asia Pacific to Remain at the Forefront Market Growth over the tenure of Assessment
The global line marking machines market has been divided into five major geographies. These regional segments comprise North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Region-based segmentations offer an elaborate understanding of the market in various parts of the world.
Taking geographical segmentation into account, it is estimated that Asia Pacific is likely to take lead of the global line marking machines market over the tenure of assessment. Driven by the developing markets of Japan, India, and China, Asia is anticipated to wield power over the market over the forecast timeframe. Growth of the region is ascribed to the expanding industrialization of the region together with rapid urbanization and industrial development of the market. Relentless technological development is likely to impact the growing dominance of the region in the market.
Besides, Europe also held a sizeable chunk of the global line marking machines market in terms of market revenue. High demand for remote monitoring and management solutions from several end user industries is likely to propel the region toward growth over the assessment timeframe.
Increased Investment by Governments Estimated to Spur Demand for the Product
Line markings comprise an inseparable part of road maintenance and safety as it assist pedestrians and drivers alike for improved navigation and in a much secured way. As such, the global line marking machines market is estimated to make rapid strides riding on the back of growing need for road maintenance and safety across the globe.
In addition to that, globalization together with rapid urbanization and industrialization is expected to work in favor of the growth of the global line marking machines market in the years to come.
The demand for high quality road infrastructure is supported by technological developments in this sector. This increased demand has compelled governments across the globe to enhance road safety measures, which is likely to offer copious scope of development for the global line marking machines market in the years to come. Better road infrastructure leads to easy facilitation of better travelling and trade experiences. It is also expected to encourage education, particularly in the rural areas. Growth in the global line marking machines market is likely to exert positive influence over the economic development of the region. In addition to that, rising investment by various governments is also expected to encourage growth of the global line marking machines market over the tenure of forecast.
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In the global line marking machines market, the segment of manual RMM held a sizeable chunk of the market. RMM is utilized extensively in city crossroad lining, factory floors, railway platform, building car parks, and bus stops. The use of automatic RMM is anticipated to gather substantial momentum over the tenure of forecast. Automatic RMM systems are integrated with laser-based and sensor-based technology, which offers extremely high accuracy and lines with customized thickness over a long thickness. These factors are likely to encourage growth of the market in years to come.