Cold Milling Machine Market Size, Share, Growth, Trends, Scope, Regional Insights and Forecast 2020 - 2027

Published Date : Jul 2020 | No. of Pages : 200 Pages | Category :

The global cold milling machine market size is projected to be worth around US$ 1.6 billion by 2027.

In terms of revenue, the global cold milling machine market is estimated to expand at a CAGR of 4% during the forecast period 2020 to 2027.

The global cold milling machine market would be largely driven by factors such as increase in road construction and road maintenance activities. Rise in demand for multifunctional characteristics of cold milling machines, use of advanced technology, and penetration in developing nations are set to drive the global cold milling machine market during the forecast period.

The study has considered the base year as 2019, which estimates the market size of market and the forecast period is 2020 to 2027. The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.

Overview

  • Cold milling machine is a road construction equipment, which uses a milling drum for grinding and removing road surfaces. Cold milling machines help in cost effectively removing asphalt and concrete pavements.
  • The milling drum is an important part of cold milling machines. The drum consists of scrolls of tool holder. The application where the cold milling machine is to be used determines the size, horsepower, and cutter drum.
  • The milling operation is affected by various factors such as cutter pattern, condition of track pads, tooth spacing, speed, tooth holder condition, pavement condition, grade control system, and overall condition of machines etc.
  • The cold milling machine market is expected to grow during the forecast period due to rising road construction in developing countries

Regional Overview

  • Asia Pacific is likely to be the most attractive region in the cold milling machine market during the forecast period due to rise in population and developments in transport infrastructure. Manufacturers are entering the Asia Pacific region in order to gain significant market share.
  • North America and Europe are expected to be other major markets for cold milling machines. Technological advancements and increase in public private partnership for various infrastructure projects are anticipated to drive the cold milling machine market in these regions. Increase in the population is expected to be a key factor fueling the growth of the cold milling machine market during the forecast period.
  • The cold milling machine market in South America and Middle East & Africa is expected to witness slow growth during the forecast period

Market Trends

  • Cold milling machine manufacturers are upgrading their machines with latest features to attract more consumers. Cold milling machine manufacturers are few in number and are thus very little to no competition for existing manufactures.
  • Demand for cold milling machines is rising due to increase in road construction activities and ongoing efforts to maintain the existing roads
  • The latest cold milling machines are capable of saving fuel and improving the air quality and health of operators by reducing carbon emission, noise emission, dust emission, and vibration levels
  • Machine telematics is becoming important in cold milling machines as it helps the user to monitor machine functions in real time. This helps in identifying and solving the problem, thus reducing downtime and saving operation costs.

Drivers, Opportunities, and Restraints

  • Road construction is important for a country’s development and for the well-being of the population. Network of highways and national and regional roads makes a region attractive for investments. Governments around the world are changing their approach and are increasing public private partnerships in road construction.
  • Manufacturing companies are upgrading cold milling machines with latest technologies. The aim of manufacturers is to use technology to simplify the operator’s job, improve quality of milling, increase machine performance, optimize the operating cost, and protect the environment.
  • The cold milling machine market may be affected due to rising cost of land. Construction activities become extremely difficult when climatic conditions are unfavorable. Changing global climate and increasing natural disasters are likely to act as restraints in road building activities.
  • Growing population, urbanization, traffic congestion, and the need for economic development has initiated the process of road construction in many developing countries. Thus, the cold milling machine market is expected to have great business opportunities during the forecast period in developing nations.

Competition Landscape

  • Established manufacturers operating in the global cold milling machine market are facing little to no competition, owing to presence of few global manufactures. Market players often use price/quality characteristics to position their brands. Major players operating in the global cold milling machine market include
    • Astec Industries, Inc. (Roadtec.)
    • Bomag GmbH
    • Caterpillar Inc.
    • CMI Roadbuilding Ltd
    • Wirtgen group
    • Xugong Group Construction Machinery Co., Ltd.
    • SANY GROUP
    • Jiangsu Huatong Power Heavy Industry Co., Ltd.
    • Sakai Heavy Industries, Ltd
    • Liugong Machinery Co., Ltd.

Segmentation

Cold Milling Machine Market, by Size

  • Small
  • Medium
  • Large

Cold Milling Machine Market, by Engine Power

  • Less than 155 kW
  • 155 kW-300 Kw
  • Above 300 kW

Cold Milling Machine Market, by Application

  • Asphalt Road
  • Concrete Road

Cold Milling Machine Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America

The Cold Milling Machine market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Cold Milling Machine market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Cold Milling Machine market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cold Milling Machine market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Cold Milling Machine market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Cold Milling Machine capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Cold Milling Machine by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Cold Milling Machine market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Cold Milling Machine market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Cold Milling Machine market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Cold Milling Machine industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Cold Milling Machine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Cold Milling Machine market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Cold Milling Machine market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Cold Milling Machine market. These factors have benefited the growth of the global market for Cold Milling Machine. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Cold Milling Machine. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Cold Milling Machine are as follows:

  • History Year: 2016-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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