About Line Striping Machines
Line stripping machines are equipment that is used in the marking of strips or lines in highways, roads, and other applications. Striping machines available in various forms handheld machines to striping trucks, and are heavily used in the small parking lot jobs, marking highways, and airport runways. With the rapidly increasing construction of roads and highways in developing countries because of urbanization is expected increasing requirement for line stripping machines during the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.56% |
The Service Providers are operating in the market are exploring their footprint in new geographical regions and also heavily investing in business growth strategies such as mergers & acquisitions, expansions, investments, new service launches, and others. The market key players are exploring new market opportunity areas through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Line Striping Machines market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GRACO (United States), RUST-OLEUM (United States), Fleet Line Markers (United Kingdom), Newstripe (United States), TITAN Tool (United States), EZ-Liner (United States), M-B Companies (United States), Seymour Paint (United States) and JCL Equipment (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Line Striping Machines market by Type (Electric Striping Machines and Air Powered Stripping Machines), Application (Industrial and Commercial) and Region.
On the basis of geography, the market of Line Striping Machines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Sales Channels, the sub-segment i.e. Direct Sales Channels will boost the Line Striping Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Road and Highway Construction will boost the Line Striping Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation Mode, the sub-segment i.e. Automatic will boost the Line Striping Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Commercial Segment is Expected to Dominate the Market Due to Increasing Number of Airports, Parking Lots, and Highways
Market Growth Drivers:
Growing Demand in the Manufacturing Industries and High Adoption in Residential Purpose
Challenges:
Disruption in Sales Channels
Restraints:
Fluctuation in Price of Raw Materials
Opportunities:
Huge Growth Opportunity in the Asia Pacific Region Because of Increase in Construction Activities
Market Leaders and their expansionary development strategies
In February 2023, EZ Liner, a manufacturer of pavement striping equipment, has acquired Arrow Striping & Manufacturing, another manufacturer of performance-engineered pavement marking, surface prep, and removal equipment. The move to acquire Arrow Striping & Manufacturing first started as EZ Liner looked to expand to a more complete line of reliable, cost-effective, and easy-to-maintain equipment and become a one-stop supplier for customers needing a broader mix of products.
In April 2024, Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, is proud to announce the launch of the new TapeLazerTM HP Automatic traffic tape applicator, the LineLazer line striper in 1990, Graco has continued the tradition of innovation with the new TapeLazer HP Automatic system. Graco has combined key features from the LineLazer V line stripers with groundbreaking new technology to make traffic tape applications faster and easier than ever before – maximizing efficiency and profitability on every job.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Line Striping Machines Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.