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 Federal Reserve Bank of St. Louis reports that between November 2022 and March 2023, construction spending in the United States which includes building roads and streets increased from USD 117,272 million to USD 122,548 million. This further demonstrates the rising demand for such machinery in the queue.
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.
The latest research report by Emergen Research, named ‘Global Cold Milling Machine Market. The report provides a detailed outlook on how the pandemic has affected the key segments of the Cold Milling Machine Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Cold Milling Machine Market industry. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Cold Milling Machine Market
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Cold Milling Machine market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the 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, and SANY Group
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Emergen Research has segmented the global Cold Milling Machine market on the basis of type, 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
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Cold Milling Machine Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Cold Milling Machine Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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