Analysis of Cold Planers market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Cold planers, also known as pavement planers, pavement recyclers, or asphalt milling machines, are heavy industrial machines which are used to remove the worn out or deteriorated parts of pavements, such as roads and bridges, and mill the pavement to the required depth slope. Cold planers are also used for leveling the asphalt on roads before road construction. Earlier, road planers used flames for the removal of asphalt, which resulted in the emission of fumes, and often times, explosion on the fuel tanks mounted at the back of the planers.
This resulted in a market shift towards cold planers, which are environmentally-friendly and much safer. Cold planers have a wide range of scope and applications, playing an important part in rural and urban development projects. With rapid industrialization, urbanization, and road construction projects on the rise, globally, the cold planers market is expected to experience high demand in the coming years.
Urbanization and industrialization play an important role in contributing towards the GDP of any economy. Any newly developed infrastructure needs access to roads and pavements for the passage of daily commute and traffic, which, in turn, poses a great demand for cold planers. Given the increasing need for urbanization and demand for technology innovation and product development in the infrastructure industry around the globe, the need for road access and cold the planers market is destined to be on the rise. With developments in the automation of the industry, unmanned cold planers are slowly gaining market potential, and are set to occupy a significant share of the market, but manned cold planers are expected to lead the market share in the near future.
Even though many factors contribute towards the growth of the cold planers market, with inflation on the rise, the cost of procuring raw materials and the manufacturing of equipment may cause a challenge for the market. However, the cold planers market is set to register high growth, as the drivers will trump the challenges.
Developing economies like China and India have a huge market potential for cold planers. Especially in India, urbanization is growing at a rapid pace with the growing demand for regional development in the region. China already has many planned infrastructure projects, with many more to come in the coming years. These regions provide a huge potential for the cold planers market, with many active and planned infrastructure projects in the coming years. Other developed nations in the Asia Pacific region, like Malaysia, South Korea, and Indonesia, are experiencing the modernization of roads and pavements, with new products and technologies on the rise. These factors will contribute towards a significant growth for the cold planers market in the region. The U.S. and other Western European countries, already being developed nations, are not expected to show much growth in the road construction segment. But the need for pavement maintenance will be significant, hence, the cold planers market will register a moderate growth in these regions as compared to previous years. Africa is set to show a significant increase in the cold planers market, due to increased urbanization and developments in the region. Overall, the cold planers market is expected to register a huge growth during the forecast period because of the increasing demand for urbanization.
Examples of some of the market participants in the global cold planers market identified across the value chain include:
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On the basis of mounting type, the global cold planers market has been segmented as:
On the basis of application, the global cold planers market has been segmented as:
On the basis of product type, the global cold planers market has been segmented as:
On the basis of cutting width, the global cold planers market has been segmented as:
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
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Caterpillar Inc., Schwamborn Geratebau GmbH, Dynapac Road Construction Equipment are the key players in the cold planers market.
Asia Pacific is expected to register a CAGR of 5% market share for cold planers market in the forecast period 2018-2028.
The cold planers market is expected to register a CAGR of 7% in the forecast period 2018-2028.
The cold planers market is worth US$ 7 billion by 2032.
The cold planers market is expected to have a CAGR of 4.5% through 2032 due to urbanization and industrialization.
The cold planers market has fresh opportunities due to automation of the industry.
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