What is Road Milling Machine?
Road milling machine is also known as asphalt milling machine, cold planer, pavement recycler, pavement planer and roto-mill. It is particularly used to remove unwanted pavement or asphalt concrete from roadways. Road milling machine comprises of large rotating drum which removes and smooth the surface of concrete rod or surface of asphalt road. Most modern road milling machines use a front-loading conveyor system which picks up pavement that falls off the conveyor during milling. Milling machines are useful for repairing and rehabilitating the roads. Raising demand for connected and efficient transport system across the globe is providing boosts for repairing and rehabilitation of the road. Emerging countries like Australia, China, India and Indonesia are focusing more on developing more connected and strong transportation network across the country. Hence infrastructural development projects are getting significant push on continue basis. Particularly in the developing regions, including Asia Pacific and Latin America, focus on removal of old asphalt surfaces impacting on the demand for road milling machines. According to published data of Organisation for EconomicCo-operation and Development (OECD) 2018, the investment for transporting infractstrure of china has been raised. Further Asia-Pacific has 45.5 % of rural accessibility and further it is continue to rise.
The market study is broken down by Type (Wheeled machine and Crawler Machine), by Application (Road Construction and Road Maintenance) and major geographies with country level break-up.
There are large number of companies are operating in the milling industry and working to increase and overcome challenge such as high price and changing climatic conditions. There are various market players are entering in this industry to capture market growth opportunities such as growing transportation industry and related activities. The market leaders are investing on organic and non-organic strategic growth initiatives to become dominant in this industry. Research Analyst at AMA estimates that Manufacturers from Asia Pacific will contribute to the maximum growth of Global Road Milling Machine market throughout the predicted period.
CMI Roadbuilding Ltd(United Kingdom), Astec Industries, Inc. (Roadtec.) (United States), Xugong Group Construction Machinery Co., Ltd. China), John Deere (United States), Jiangsu Huatong Power Heavy Industry Co., Ltd. (China), BUEHLER AG( Switzerland), Toshiba Machine Co Ltd (Japan), Liugong Machinery Co., Ltd. (China) and Huatong Kinetics(China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Tractor Engineers Limited (India) and Changsha Weiping Machinery Co., Ltd. (China).
AdvanceMarketAnalytics has segmented the market of Global Road Milling Machine market by Type, Application and Region.
On the basis of geography, the market of Road Milling Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Road Type, the sub-segment i.e. Asphalt Road will boost the Road Milling Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In year 2019, CMI Roadbuilding Inc. has witnessed partnership with Parker Plant Limited, a continuous producer of road miller for asphalt plants. This partnership is mainly for new Magnum 150 Bullet miller, which is capable of up to 30% RAP recycling and features high mobility with fast on-site setup and subsequent relocation.
- Growing inclination towards the use of road milling machines which having3D milling technology. This 3D milling technology lowers vibration levels, capability to save fuel and improve the air quality by reducing carbon emission
- Increasing network of highways and national and regional roads creates demand for road milling across the globe
- Growing associations between Governments and private sectors for road construction
- Mounting demand for pavement recycling to provide safer road without blocks
- Collaboration between governments, milling service providers, milling associations and manufacturers of road milling machines for providing cost effectiveness for milling process is providing new opportunity to the market
- Rising need for safer road, smooth transportation and increasing urbanization in many emerging economies is anticipated to boost market opportunities
- High cost of investments for land requirement, milling machinery purchases and its maintenance
- Unfavourable climatic conditions for road construction is creating inconsistency in road milling process which is well known challenge to the market
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Manufacturers, Suppliers and Distributors, Government Regulatory and Research Organizations and End-Use Industries
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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