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    Cold Milling Machines Market Report

    Cold Milling Machines Market Report
    Report code - SR1582 Delivery - 2 Weeks
    Cold Milling Machines Market Size, Share, Trend, Forecast, & Industry Analysis:2022-20 See more...

    Market Insights

    Cold Milling Machines Market is likely to grow from USD 2.16 billion in 2021 to USD 2.95 billion by 2028 at a CAGR of 4.46% during the forecast period.

    Cold Milling Machines Market Size

    What is cold milling machine?

    Cold milling machine is a heavy construction equipment. It is mainly employed for removing old asphalt pavements from road surfaces, creating a level foundation. Pavement planers, cold planers, mill or asphalt milling machine pavement recyclers and roto-mills are the other names of cold milling machine.

    Market Drivers

    Cold milling machines are in high demand owing to the growing construction industry. As cold milling machines are mostly used to remove pavements and create flat surfaces, increasing urbanization and a spike in building expenditure are expected to drive the market growth over the forecast period.

    Cold Milling Machines Market Snapshot

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    Segments' Analysis

    By Product Type

    Based on the product type, the market is segmented as wheel-type and crawler-type. The crawler-type product segment accounted for more than 78% share of the market in 2021 and is expected to register higher growth during the forecast period. The growth of the segment is owing to crawler-type cold milling machines being mostly used for all types of land surface areas.

    By Application Type

    Based on the application type, the market is segmented as asphalt road and concrete road. The asphalt road segment is anticipated to register higher growth in the market during the forecast period. The growing road construction sector has further advanced the market demand for asphalt roads, thereby driving the growth of the segment over the forecast period. 

    Cold Milling Machines Market Share

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    By Region

    In terms of regions, Asia-Pacific accounted for more than 39% share in 2021 and also dominates the global cold milling machines market. Because of the rising population and improvements in transportation infrastructure, the region is most attractive in the worldwide market. Manufacturers are penetrating into the region in order to increase their market share, which is fueling the regional market growth. Governments across Asia-Pacific are increasing infrastructure expenditure, which is expected to benefit the growth of the market over the forecast period. Also, North America holds a substantial share of the market. The growth of the region’s market is owing to the growing number of accidents in countries such as the U.S., leading to the construction of new roadways and repairing of the aged ones. Governments are consistently working to strengthen the construction industry, creating attractive prospects for players in the region over the forecast period.

    Market Scope & Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Cold Milling Machines Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The cold milling machines market is segmented into the following categories.

    By Product Type:

    • Wheel-Type
    • Crawler-Type

    By Engine Power Type:

    • Less than 155 kW
    • 155 kW – 300 kW
    • Above 300 kW

    By Application Type:

    • Asphalt Road
    • Concrete Road

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Key Players

    Some of the key players in the cold milling machines market are-

    • Wirtgen GmbH
    • CMI Roadbuilding Ltd.
    • Caterpillar Inc.
    • Astec Industries
    • XCMG
    • BOMAG
    • John Deere
    • Jiangsu Huatong Kinetics Co Ltd
    • Dynapac
    • Liugong Machinery Co., Ltd.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The cold milling machines market is expected to witness an impressive growth of 4.46% CAGR in the coming years.

    Wirtgen GmbH, CMI Roadbuilding Ltd., Caterpillar Inc., Astec Industries, XCMG, BOMAG, John Deere, Jiangsu Huatong Kinetics Co Ltd, Dynapac, and Liugong Machinery Co., Ltd are among the key players in the cold milling machines market.

    The crawler-type product segment is expected to register higher growth in the cold milling machines market in the next five years.

    The asphalt road segment is expected to register higher growth in the cold milling machines market in the coming five years.

    Asia-pacific dominates the cold milling machines market.

    The growing construction industry, increasing urbanization and a spike in building expenditure are the factors driving the growth of cold milling machines market.