Product ID: UCMIG20G2016
Report ID:
UCMIG20G2016 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market size of Road Marking Machine was worth USD 6.05 billion in 2018 and is projected to grow at a compound annual growth rate (CAGR) of 9.3% until 2025, primarily due to the surge in investments towards the development of road infrastructure. Road markings play a crucial role in ensuring road safety and maintenance, aiding drivers and pedestrians to navigate more effectively and safely. Hence, the growing demand for road safety and maintenance is expected to drive the global market in the forecast period
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Construction Machinery & Heavy Trucks by segment aggregation, the contribution of the Construction Machinery & Heavy Trucks in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG20G2016