Cold Milling Machine Market: A Study of the Industry's Evolving Landscape

[sareenashaikh]

The global cold milling machine market size was USD 1.80 Billion in 2022 and is expected to register a revenue CAGR of 4.4% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for cold milling machines is expected to drive market revenue growth as a result of an increase in number of highway projects and rising roadway development in both developed and emerging countries across the globe.

The Global Cold Milling Machine market drivers and restraints Market report provides vital information that prepares market players to give fierce competition to their toughest competitors based on growth, sales, and revenue, among other essential factors. The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Cold Milling Machine market drivers and restraints space

Empower Your Decisions: Get the Sample Report Now @ https://www.emergenresearch.com/request-sample/2244

The cold milling machine market is further expected to grow as more smart city initiatives are being launched in various regions along with steady growth in construction industry. The adoption of several cutting-edge building technologies as part of the development of smart cities is expected to create a high demand for cold-milling machinery. For instance, the Mohammed VI Tangier Tech metropolis project, which aims to create an integrated, intelligent, and sustainable industrial metropolis, recently signed a framework agreement between Morocco and China. Such agreements and projects are impacting the market positively. Initiatives taken by governments in different developed and developing countries are expected to impact the demand for cold milling machines globally.

For instance, The Biden-Harris Administration announced around USD 1 billion in bipartisan infrastructure law airport financing in February 2023 to meet increased air travel demand by passengers, according to the U.S. Department of Transportation. In contrast to Des Mines International Airport in Des Moines, Iowa, which made USD 10.8 million, Salt Lake City International Airport (SLC) in Salt Lake City, Utah earned USD 29 million. Thus, during the forecast period, increased finance for airport structures in the U.S. is expected to increase demand for cold milling machines.

The demand for cold milling machines is, however, being constrained by their high cost of ownership and maintenance, which is further expected to restrain market revenue growth globally.

Unlock Insights for a Fraction of the Price: Get Your Discount Report @ https://www.emergenresearch.com/request-discount/2244

Major Companies and Competitive Landscape

The global cold milling machine market is moderately fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective cold milling machine solutions. Some major players included in the global cold milling machine market report are:

Caterpillar
Sakai Heavy Industries, Ltd.
Liugong Machinery Co., Ltd.
FAYAT SAS
ASTEC INDUSTRIES, INC.
BOMAG GmbH
CMI Roadbuilding Limited
Wirtgen America, Inc.
XCMG Group
SANY Group
Strategic Development

On 16 May 2022, Bomag GmbH announced the product launch of its new BM/65 series of cold planers. With a working load of 27 tonnes, the BM 2000/65 planer in this series is the lightest in the 2m class. This planer is incredibly effective and simple to use which is growing demand for cold milling machines, thus is expected to drive revenue growth accordingly.
On 22 July 2020, John Deere announced the product launch of its new CP18E, CP24E, and CP30E cold planers to expand its established lineup of attachments. Operators who repair streets, level uneven pavement, texturize pavement, or clean up around larger milling machines will benefit from these new attachment possibilities. The CP18E, CP24E, and CP30E are compatible with John Deere compact track loaders and skid steers in addition to competing machinery.
Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2244

Some Key Highlights From the Report

The crawler segment is expected to register a significantly fast revenue growth rate over the forecast period. The powerful and cutting-edge engines on crawler cold milling machines are well-equipped. In addition, these chemicals can quickly and effectively remove asphalt and concrete surfaces, and they mill well in a variety of operating conditions. The ease of replacement alternatives in many applications is creating a high demand for crawler cold milling machines. Demand for crawler cold milling machines is rising owing to the expanding construction sector across the globe, which is expected to drive revenue growth of this segment.
The 1 to 2 meters cold milling machine segment is expected to register a significantly fast revenue growth rate over the forecast period owing to several considerations, including its use in numerous applications such as tie-in milling and partial pavement repair while rehabilitating industrial floors, the demand for this milling width is rising. Thus, these are mostly used for industrial purposes which is creating a high demand for the 1 to 2 meters segment and is expected to drive revenue growth of this segment.
The road rehabilitation segment accounted for a significantly large revenue share in 2022. Concrete milling aids in leveling out uneven surfaces and removing blemishes for improved grip. The continual building of roads and highways across the globe is what is causing the sector to grow. For instance, in Michigan, United States, renovation work on US 24 between M-5 and M-102 started in March 2023. The Michigan Department of Transportation (MDOT) will invest USD 54 million in this two-year project which is expected to drive revenue growth of this segment.
The market in North America accounted for a significantly large revenue share in 2022. Consumer demand for cold milling equipment is rising as a result of increased funding for highway and road rebuilding projects across North America, which is also driving market revenue growth. Roadway infrastructure improvements are vital activities carried out regularly to ensure efficient and convenient mobility. These devices contribute to the constant paving of asphalt and concrete surfaces by helping to provide a foundation with the necessary width and depth standards. With its extensive product offers, businesses are introducing items. For instance, on 14 February 2023, Astec Industries Inc. announced the product launch of its most up-to-date asphalt cold planer at the CONEXPO-CON/AGG event in Las Vegas, Nevada, the U.S. Also, contractors searching for smaller machines might consider the RX-405 cold planer. The adaptability and versatility RX-405 machine makes it suitable for a variety of applications.
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/cold-milling-machine-market

Emergen Research has segmented the global cold milling machine market on the basis of type, milling width, application, end-use, and region:

Type Outlook (Revenue, USD Billion; 2019-2032)
Crawler
Wheel
Milling Width Outlook (Revenue, USD Billion; 2019-2032)
Less than 1 meter
1 to 2 meters
More than 2 meters
Application Outlook (Revenue, USD Billion; 2019-2032)
Highway Construction
Road Rehabilitation
Airport Construction
Parking Lot Construction
Others
End-Use Outlook (Revenue, USD Billion; 2019-2032)
Government Agencies
Contractors
Construction Companies
Others
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
Curated Reports You Shouldn't Miss: Dive In Now!

Power Management Integrated Circuit Market

https://www.emergenresearch.com/industry-report/power-management-integrated-circuit-market

 

Human Leukocyte Antigen Typing Market

https://www.emergenresearch.com/industry-report/human-leukocyte-antigen-typing-market

 

Veterinary Reference Laboratory Market

https://www.emergenresearch.com/industry-report/veterinary-reference-laboratory-market

 

Telecom Service Assurance Market

https://www.emergenresearch.com/industry-report/telecom-service-assurance-market

 

Surgical Robots Market

https://www.emergenresearch.com/industry-report/surgical-robots-market

 

Electric Aircraft Market

https://www.emergenresearch.com/industry-report/electric-aircraft-market

 

Aluminum Foil Market

https://www.emergenresearch.com/industry-report/aluminum-foil-market

 

Breast Imaging Software Market

https://www.emergenresearch.com/industry-report/breast-imaging-software-market

 

Subscriber Identity Module Cards Market

https://www.emergenresearch.com/industry-report/subscriber-identity-module-cards-market

 

Environmental DNA eDNA Biomonitoring Market

https://www.emergenresearch.com/industry-report/environmental-dna-edna-biomonitoring-market

 

Avionics Market

https://www.emergenresearch.com/industry-report/avionics-market

 

Rail Asset Management Market

https://www.emergenresearch.com/industry-report/rail-asset-management-market

 

Smart Shelves Market

https://www.emergenresearch.com/industry-report/smart-shelves-market

 

Animal Free Dairy Products Market

https://www.emergenresearch.com/industry-report/animal-free-dairy-products-market

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: https://www.emergenresearch.com/

Direct Line: [phone]

E-mail: [e-mail]

Explore Our Japanese Version: Cold Milling Machine Market

Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights

Read our Press Release @ https://www.emergenresearch.com/press-release/global-cold-milling-machine-market