Infrastructural development plays a major role in development of countries and emerging economies. The rapid growth of emerging markets worldwide is creating unprecedented demand for infrastructure construction machineries. Accordingly, the demand for road marking machine has increased significantly in recent years. Road marking machinery is used to imprint markings on roads in order to navigate driver and pedestrians. Moreover, road marking conveys official information to the road users and also assist in car park markings. Furthermore, roads marking plays a vital role in road safety, and hence its importance is immense. Besides, road markings cover information related to navigation, which aids in supplementing advanced driver assistance system.
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Key Market Players
- HOFMANN
- BORUM A/S
- Graco Inc.
- Road Maintenance Services Limited
- Zhengzhou Dayu Machinery Co., Ltd.
- Titan Tool Inc.
- STiM Group
- Automark Industries
- TATU Traffic Group
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COVID-19 scenario analysis:
- The outbreak of Novel Coronavirus is spreading at a rapid rate in the world and affecting all aspects of society
- Infrastructure sector which was already on a downside would face a major challenge due to COVID-19.
- With lockdown imposed in majority of countries, the revenue generation has stopped due to inactive infrastructural projects.
- Road construction sector would be impacted heavily with fall in consumer spending.
- Government projects would also be hampered as governments have declared rescue packages and have limited their spending power further freezing infrastructural developments.
- Stoppages of road construction would impact significantly on road marking machine market. Moreover, road marking machine market would be restrained till growth in economies around the world.
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Questions answered in the road marking machine market research report:
- What are the leading market players active in the road marking machine market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
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Key benefits of the report:
- This study presents the analytical depiction of the Road Marking Machine 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 market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the Road Marking Machine market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years.
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