Market Overview:
The global small road milling machines 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 small road milling machines in developing countries for the construction of roads and other public engineering projects. Asia Pacific is expected to be the fastest-growing region during the forecast period, followed by Europe and North America.
Product Definition:
Small Road Milling Machines are used for the surface preparation of asphalt and concrete roadways. The machines remove defects such as bumps, potholes, and cracks from the surface of a roadway. This prepares the surface for new asphalt or concrete to be laid down, and also helps to improve the overall driving conditions on a roadway.
Working Width
Working Width ≥1.0 m:
The working width is the maximum width of a passable cutting edge in milling machines. It has direct influence on the performance and design of mills. The working width can be changed by using different spindles, which are available in different sizes and shapes for specific applications.
Changing the spindle changes not only the cutting edge but also affects other machine components such as headstock, tailstock, main shafts or bearings among others that have an impact on overall machine functioning.
Application Insights:
The road construction application segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to the increasing demand for roads, particularly in developing countries like India and China. In addition, growing urbanization along with rising number of infrastructure projects are expected to augment industry growth over the forecast period.
The public engineering application segment is projected register a CAGR of XX% from 2018 to 2030 owing to increased government spending on various infrastructure projects including railway networks.
Roads play an important role in connecting remote areas with urban centers thereby enhancing economic development and social connectivity which has resulted in increased government expenditure on roads leading to higher demand for small road milling machines globally.
Regional Analysis:
Asia Pacific dominated the global small road milling machines market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for construction equipment and rapid development of infrastructure. In addition, rising number of residential and commercial constructions activities are anticipated to drive regional product demand over the forecast period.
The growing need for rehabilitation & renovation activities is also expected to spur product demand in Asia Pacific region. In addition, government initiatives encouraging public-private partnerships (PPP) are likely to boost infrastructure development across emerging economies such as India and China, thereby driving small road milling machine market growth in this region.
Europe accounted for a major share of revenue generated by virtue of high adoption rate regarding latest technologies along with well-established manufacturing base for construction machinery products including compactors, rollers etc.
Growth Factors:
- Increasing demand for small road milling machines from the construction and infrastructure sector as it helps in faster and efficient execution of projects.
- Rising awareness about the benefits of using small road milling machines among contractors, builders, and other stakeholders involved in the construction industry.
- Growing inclination of consumers towards miniaturized versions of products that offer better performance-to-cost ratio.
- Technological advancements in small road milling machine design and manufacturing that result in improved efficiency, productivity, and durability of these machines.
Scope Of The Report
Report Attributes
Report Details
Report Title
Small Road Milling Machines Market Research Report
By Type
Working Width <1.0 m, Working Width ≥1.0 m
By Application
Road Construction, Public Engineering
By Companies
Wirtgen, Caterpillar, XCMG, Bomag, Dynapac, RoadTec, CMI, Sany Group, Shantui, LiuGong, Xi'an Hongda, Kaiao, XGMA
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Small Road Milling Machines Market Report Segments:
The global Small Road Milling Machines market is segmented on the basis of:
Types
Working Width <1.0 m, Working Width ≥1.0 m
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
Road Construction, Public Engineering
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:
- Wirtgen
- Caterpillar
- XCMG
- Bomag
- Dynapac
- RoadTec
- CMI
- Sany Group
- Shantui
- LiuGong
- Xi'an Hongda
- Kaiao
- XGMA
Highlights of The Small Road Milling Machines 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:
- Working Width <1.0 m
- Working Width ≥1.0 m
- By Application:
- Road Construction
- Public Engineering
- 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 Small Road Milling Machines 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
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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?
Small road milling machines are used to produce small parts from a variety of materials. They can be used for a variety of tasks, such as cutting and shaping metal, plastic, and other materials.
Some of the key players operating in the small road milling machines market are Wirtgen, Caterpillar, XCMG, Bomag, Dynapac, RoadTec, CMI, Sany Group, Shantui, LiuGong, Xi'an Hongda, Kaiao, XGMA.
The small road milling machines market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Small Road Milling Machines 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 Small Road Milling Machines Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Small Road Milling Machines 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 Small Road Milling Machines 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 Small Road Milling Machines Market Size & Forecast, 2020-2028 4.5.1 Small Road Milling Machines Market Size and Y-o-Y Growth 4.5.2 Small Road Milling Machines Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Working Width <1.0 m
5.2.2 Working Width ≥1.0 m
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Road Construction
6.2.2 Public Engineering
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Small Road Milling Machines 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 Small Road Milling Machines 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Working Width <1.0 m
9.6.2 Working Width ≥1.0 m
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 Market Size Forecast by Applications
9.10.1 Road Construction
9.10.2 Public Engineering
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Working Width <1.0 m
10.6.2 Working Width ≥1.0 m
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 Market Size Forecast by Applications
10.10.1 Road Construction
10.10.2 Public Engineering
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Working Width <1.0 m
11.6.2 Working Width ≥1.0 m
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 Market Size Forecast by Applications
11.10.1 Road Construction
11.10.2 Public Engineering
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Working Width <1.0 m
12.6.2 Working Width ≥1.0 m
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 Market Size Forecast by Applications
12.10.1 Road Construction
12.10.2 Public Engineering
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Working Width <1.0 m
13.6.2 Working Width ≥1.0 m
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) Market Size Forecast by Applications
13.10.1 Road Construction
13.10.2 Public Engineering
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 Small Road Milling Machines Market: Competitive Dashboard
14.2 Global Small Road Milling Machines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wirtgen
14.3.2 Caterpillar
14.3.3 XCMG
14.3.4 Bomag
14.3.5 Dynapac
14.3.6 RoadTec
14.3.7 CMI
14.3.8 Sany Group
14.3.9 Shantui
14.3.10 LiuGong
14.3.11 Xi'an Hongda
14.3.12 Kaiao
14.3.13 XGMA