Stratview Research has launched a new report, titled The Cold Milling Machines Market is Segmented by Product Type (Wheel-Type and Crawler-Type), by Engine Power Type (Less than 155 kW, 155 kW – 300 kW, and Above 300 kW), by Application Type (Asphalt Road and Concrete Road), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, Cold Milling Machines Market is likely to witness a CAGR of 4.3% during the forecast period. Cold milling machines are in high demand owing to the growing construction industry. As cold milling machines are mostly used to remove pavements and create flat surfaces, increasing urbanization and a spike in building expenditure are expected to drive the market growth over the forecast period.
Market Segments’ Analysis
Based on the application type, the market is segmented as asphalt road and concrete road. The asphalt road segment is anticipated to register higher growth in the market during the forecast period. The growing road construction sector has further advanced the market demand for asphalt roads, thereby driving the growth of the segment over the forecast period.
In terms of regions, Asia-Pacific dominates the global cold milling machines market. Because of the rising population and improvements in transportation infrastructure, the region is most attractive in the worldwide market. Manufacturers are penetrating into the region in order to increase their market share, which is fueling the regional market growth. Governments across Asia-Pacific are increasing infrastructure expenditure, which is expected to benefit the growth of the market over the forecast period. Also, North America holds a substantial share of the market. The growth of the region’s market is owing to the growing number of accidents in countries such as the U.S., leading to the construction of new roadways and repairing of the aged ones. Governments are consistently working to strengthen the construction industry, creating attractive prospects for players in the region over the forecast period.
The following are the key players in the Cold Milling Machines Market
- Wirtgen GmbH
- CMI Roadbuilding Ltd.
- Caterpillar Inc.
- Astec Industries
- John Deere
- Jiangsu Huatong Kinetics Co Ltd
- Liugong Machinery Co., Ltd.
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of Cold Milling Machines Market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the Cold Milling Machines Market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
Read the full report: https://www.stratviewresearch.com/2438/Cold-Milling-Machines-Market.html
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