The global cold milling machine market size was USD 1.80 Billion in 2022 and is expected to register a revenue CAGR of 4.4% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for cold milling machines is expected to drive market revenue growth as a result of an increase in number of highway projects and rising roadway development in both developed and emerging countries across the globe.
The report provides an in-depth analysis of the competitive landscape, along with company profiling of key players involved in the global Cold Milling Machine market drivers and restraints market. The authors of the report make sure to equip readers with a thorough evaluation of the vendor landscape and inform them of the current and future changes that can be expected. The competitive analysis offered in the report inspects the market share, gross margin, product portfolio, consumption, market status, and technologies of leading players controlling a significant portion of the global Cold Milling Machine market drivers and restraints market.
Empower Your Decisions: Get the Sample Report Now @ https://www.emergenresearch.com/request-sample/2244
The cold milling machine market is further expected to grow as more smart city initiatives are being launched in various regions along with steady growth in construction industry. The adoption of several cutting-edge building technologies as part of the development of smart cities is expected to create a high demand for cold-milling machinery. For instance, the Mohammed VI Tangier Tech metropolis project, which aims to create an integrated, intelligent, and sustainable industrial metropolis, recently signed a framework agreement between Morocco and China. Such agreements and projects are impacting the market positively. Initiatives taken by governments in different developed and developing countries are expected to impact the demand for cold milling machines globally.
For instance, The Biden-Harris Administration announced around USD 1 billion in bipartisan infrastructure law airport financing in February 2023 to meet increased air travel demand by passengers, according to the U.S. Department of Transportation. In contrast to Des Mines International Airport in Des Moines, Iowa, which made USD 10.8 million, Salt Lake City International Airport (SLC) in Salt Lake City, Utah earned USD 29 million. Thus, during the forecast period, increased finance for airport structures in the U.S. is expected to increase demand for cold milling machines.
The demand for cold milling machines is, however, being constrained by their high cost of ownership and maintenance, which is further expected to restrain market revenue growth globally.
Unlock Insights for a Fraction of the Price: Get Your Discount Report @ https://www.emergenresearch.com/request-discount/2244
Major Companies and Competitive Landscape
The global cold milling machine market is moderately fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective cold milling machine solutions. Some major players included in the global cold milling machine market report are:
- Caterpillar
- Sakai Heavy Industries, Ltd.
- Liugong Machinery Co., Ltd.
- FAYAT SAS
- ASTEC INDUSTRIES, INC.
- BOMAG GmbH
- CMI Roadbuilding Limited
- Wirtgen America, Inc.
- XCMG Group
- SANY Group
Strategic Development
- On 16 May 2022, Bomag GmbH announced the product launch of its new BM/65 series of cold planers. With a working load of 27 tonnes, the BM 2000/65 planer in this series is the lightest in the 2m class. This planer is incredibly effective and simple to use which is growing demand for cold milling machines, thus is expected to drive revenue growth accordingly.
- On 22 July 2020, John Deere announced the product launch of its new CP18E, CP24E, and CP30E cold planers to expand its established lineup of attachments. Operators who repair streets, level uneven pavement, texturize pavement, or clean up around larger milling machines will benefit from these new attachment possibilities. The CP18E, CP24E, and CP30E are compatible with John Deere compact track loaders and skid steers in addition to competing machinery.
Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2244
Some Key Highlights From the Report
- The crawler segment is expected to register a significantly fast revenue growth rate over the forecast period. The powerful and cutting-edge engines on crawler cold milling machines are well-equipped. In addition, these chemicals can quickly and effectively remove asphalt and concrete surfaces, and they mill well in a variety of operating conditions. The ease of replacement alternatives in many applications is creating a high demand for crawler cold milling machines. Demand for crawler cold milling machines is rising owing to the expanding construction sector across the globe, which is expected to drive revenue growth of this segment.
- The 1 to 2 meters cold milling machine segment is expected to register a significantly fast revenue growth rate over the forecast period owing to several considerations, including its use in numerous applications such as tie-in milling and partial pavement repair while rehabilitating industrial floors, the demand for this milling width is rising. Thus, these are mostly used for industrial purposes which is creating a high demand for the 1 to 2 meters segment and is expected to drive revenue growth of this segment.
- The road rehabilitation segment accounted for a significantly large revenue share in 2022. Concrete milling aids in leveling out uneven surfaces and removing blemishes for improved grip. The continual building of roads and highways across the globe is what is causing the sector to grow. For instance, in Michigan, United States, renovation work on US 24 between M-5 and M-102 started in March 2023. The Michigan Department of Transportation (MDOT) will invest USD 54 million in this two-year project which is expected to drive revenue growth of this segment.
- The market in North America accounted for a significantly large revenue share in 2022. Consumer demand for cold milling equipment is rising as a result of increased funding for highway and road rebuilding projects across North America, which is also driving market revenue growth. Roadway infrastructure improvements are vital activities carried out regularly to ensure efficient and convenient mobility. These devices contribute to the constant paving of asphalt and concrete surfaces by helping to provide a foundation with the necessary width and depth standards. With its extensive product offers, businesses are introducing items. For instance, on 14 February 2023, Astec Industries Inc. announced the product launch of its most up-to-date asphalt cold planer at the CONEXPO-CON/AGG event in Las Vegas, Nevada, the U.S. Also, contractors searching for smaller machines might consider the RX-405 cold planer. The adaptability and versatility RX-405 machine makes it suitable for a variety of applications.
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/cold-milling-machine-market
Emergen Research has segmented the global cold milling machine market on the basis of type, milling width, application, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2019-2032)
- Crawler
- Wheel
- Milling Width Outlook (Revenue, USD Billion; 2019-2032)
- Less than 1 meter
- 1 to 2 meters
- More than 2 meters
- Application Outlook (Revenue, USD Billion; 2019-2032)
- Highway Construction
- Road Rehabilitation
- Airport Construction
- Parking Lot Construction
- Others
- End-Use Outlook (Revenue, USD Billion; 2019-2032)
- Government Agencies
- Contractors
- Construction Companies
- Others
- Regional Outlook (Revenue, USD Billion; 2019-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
Curated Reports You Shouldn't Miss: Dive In Now!
Power Management Integrated Circuit Market
https://www.emergenresearch.com/industry-report/power-management-integrated-circuit-market
Human Leukocyte Antigen Typing Market
https://www.emergenresearch.com/industry-report/human-leukocyte-antigen-typing-market
Veterinary Reference Laboratory Market
https://www.emergenresearch.com/industry-report/veterinary-reference-laboratory-market
Telecom Service Assurance Market
https://www.emergenresearch.com/industry-report/telecom-service-assurance-market
Surgical Robots Market
https://www.emergenresearch.com/industry-report/surgical-robots-market
Electric Aircraft Market
https://www.emergenresearch.com/industry-report/electric-aircraft-market
Aluminum Foil Market
https://www.emergenresearch.com/industry-report/aluminum-foil-market
Breast Imaging Software Market
https://www.emergenresearch.com/industry-report/breast-imaging-software-market
Subscriber Identity Module Cards Market
https://www.emergenresearch.com/industry-report/subscriber-identity-module-cards-market
Environmental DNA eDNA Biomonitoring Market
https://www.emergenresearch.com/industry-report/environmental-dna-edna-biomonitoring-market
Avionics Market
https://www.emergenresearch.com/industry-report/avionics-market
Rail Asset Management Market
https://www.emergenresearch.com/industry-report/rail-asset-management-market
Smart Shelves Market
https://www.emergenresearch.com/industry-report/smart-shelves-market
Animal Free Dairy Products Market
https://www.emergenresearch.com/industry-report/animal-free-dairy-products-market
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Explore Our Japanese Version: Cold Milling Machine Market
Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights
Read our Press Release @ https://www.emergenresearch.com/press-release/global-cold-milling-machine-market
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek