Market Overview:
The global road widener market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for transportation and infrastructure development in emerging economies, such as China and India. In addition, the increasing adoption of road wideners by municipalities for repairing roads and bridges is also contributing to the growth of this market. Based on type, the global road widener market can be segmented into less than 10 inch, 10 inch-14 inch, and more than 14 inch segments. The 10 inch-14 inch segment is expected to account for a major share of the global road widener market during the forecast period owing to its high demand from highway applications across regions. Based on application, the global road widener market can be divided into highway applications, ramp applications, and other applications segments.
Product Definition:
A Road Widener is a device that is used to increase the width of a road. This can be important for a number of reasons, such as when a large truck needs to pass through or when there is construction taking place.
Less Than 10 Inch:
The global less than 10 inch market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to the growing demand for road widening projects, especially in emerging economies such as China and India, coupled with increasing investments by OEMs in these countries for widening their road networks.
OEMs are investing heavily on expanding their production facilities.
10 Inch-14 Inch:
The 10 inch-14 inch is a standard width of road that has been adopted by several countries across the globe. The 10 inches-14 inches is also known as Federal Highway Administration (FHA) design speed, which is the average speed at which traffic can travel on a highway without causing any significant hazard to other drivers. It's an important factor while designing any type of road including residential roads, collector highways and arterials among others.
Application Insights:
The other application segment includes railway, civil and military engineering. The demand for the product in ramp applications is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to the rising number of airports across the globe. Road widening plays an important role in improving traffic flow on existing roads and providing access for emergency vehicles as well as buses on narrow lanes. Also, it helps in reducing congestion by providing room for maneuvering during peak hours.
Highway was estimated as the largest application segment with a share of over 60% in 2017 owing to increased government spending towards infrastructure development particularly related towards transportation systems such as roads.
Regional Analysis:
Asia Pacific dominated the global road widener market in 2017 and is expected to continue its dominance over the forecast period. The presence of key players in countries such as China, India, Japan and South Korea has resulted in a strong regional market. Furthermore, increasing government spending on infrastructure development to improve road connectivity across emerging economies including China and India is anticipated to drive demand for these products over the next eight years.
The North America region accounted for more than 20% of global revenue share in 2017 owing to growing investments by governments towards construction of new roads & highways coupled with an increase in transportation network expansion projects undertaken by local governments. However, stringent regulatory scenario regarding widening operations may pose a challenge for industry growth over the coming years.
Growth Factors:
- Increasing demand for Road Widener products from the construction and automotive industries
- Growing awareness about the benefits of using Road Widener products among consumers
- Rising R&D investments by leading players to develop innovative Road Widener products
- Proliferation of online retail platforms that offer a wide range of Road Widener products at competitive prices
- Growing number of road infrastructure projects in developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Road Widener Market Research Report
By Type
Less Than 10 Inch, 10 Inch-14 Inch, More Than 14 Inch
By Application
Highway, Ramp, Other
By Companies
Weiler, Road Widener LLC, Astec Mobile Machinery GmbH, LeeBoy, Midland Machinery, Fimaco, Volvo Construction Equipment, HYDROG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Road Widener Market Report Segments:
The global Road Widener market is segmented on the basis of:
Types
Less Than 10 Inch, 10 Inch-14 Inch, More Than 14 Inch
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Highway, Ramp, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Weiler
- Road Widener LLC
- Astec Mobile Machinery GmbH
- LeeBoy
- Midland Machinery
- Fimaco
- Volvo Construction Equipment
- HYDROG
Highlights of The Road Widener Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less Than 10 Inch
- 10 Inch-14 Inch
- More Than 14 Inch
- By Application:
- Highway
- Ramp
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Road Widener Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Road Widener is a traffic congestion mitigation tool that uses data from traffic cameras to improve the flow of traffic on major roadways.
Some of the key players operating in the road widener market are Weiler, Road Widener LLC, Astec Mobile Machinery GmbH, LeeBoy, Midland Machinery, Fimaco, Volvo Construction Equipment, HYDROG.
The road widener market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Road Widener Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Road Widener Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Road Widener Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Road Widener Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Road Widener Market Size & Forecast, 2018-2028
4.5.1 Road Widener Market Size and Y-o-Y Growth
4.5.2 Road Widener Market Absolute $ Opportunity
Chapter 5 Global Road Widener Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Road Widener Market Size Forecast by Type
5.2.1 Less Than 10 Inch
5.2.2 10 Inch-14 Inch
5.2.3 More Than 14 Inch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Road Widener Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Road Widener Market Size Forecast by Applications
6.2.1 Highway
6.2.2 Ramp
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Road Widener Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Road Widener Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Road Widener Analysis and Forecast
9.1 Introduction
9.2 North America Road Widener Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Road Widener Market Size Forecast by Type
9.6.1 Less Than 10 Inch
9.6.2 10 Inch-14 Inch
9.6.3 More Than 14 Inch
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Road Widener Market Size Forecast by Applications
9.10.1 Highway
9.10.2 Ramp
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Road Widener Analysis and Forecast
10.1 Introduction
10.2 Europe Road Widener Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Road Widener Market Size Forecast by Type
10.6.1 Less Than 10 Inch
10.6.2 10 Inch-14 Inch
10.6.3 More Than 14 Inch
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Road Widener Market Size Forecast by Applications
10.10.1 Highway
10.10.2 Ramp
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Road Widener Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Road Widener Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Road Widener Market Size Forecast by Type
11.6.1 Less Than 10 Inch
11.6.2 10 Inch-14 Inch
11.6.3 More Than 14 Inch
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Road Widener Market Size Forecast by Applications
11.10.1 Highway
11.10.2 Ramp
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Road Widener Analysis and Forecast
12.1 Introduction
12.2 Latin America Road Widener Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Road Widener Market Size Forecast by Type
12.6.1 Less Than 10 Inch
12.6.2 10 Inch-14 Inch
12.6.3 More Than 14 Inch
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Road Widener Market Size Forecast by Applications
12.10.1 Highway
12.10.2 Ramp
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Road Widener Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Road Widener Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Road Widener Market Size Forecast by Type
13.6.1 Less Than 10 Inch
13.6.2 10 Inch-14 Inch
13.6.3 More Than 14 Inch
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Road Widener Market Size Forecast by Applications
13.10.1 Highway
13.10.2 Ramp
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Road Widener Market: Competitive Dashboard
14.2 Global Road Widener Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Weiler
14.3.2 Road Widener LLC
14.3.3 Astec Mobile Machinery GmbH
14.3.4 LeeBoy
14.3.5 Midland Machinery
14.3.6 Fimaco
14.3.7 Volvo Construction Equipment
14.3.8 HYDROG
