Cold planer is a heavy machine known for removing old asphalt pavements and surfaces from roadways helps in creating an even surface. Known to be the pavement plainer or recyclers, this instrument plays an important role in road construction and maintenance.
The global cold planers market was valued at US$882 mn in 2018 and it is expected to reach US$1119 mn by the end of 2025, rising at a CAGR of 3.4% between 2018 and 2025. QY Research analysts have published a detailed report of the market, titled “Global Cold Planers Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application.”
Global Cold Planers Market: Drivers
Rapid urbanization and industrialization are the biggest drivers for the global cold planers market growth. In emerging nations, cities and towns are continuously expanding, creating a great opportunity for the global cold planers market to grow. Technological innovations and road engineering efficiencies have also positively impacted market growth. New chemical components used for renovating old roads have spiked the demand for cold planers. All of these factors are expected to collectively stoke the demand for the global cold planers market.
Global Cold Planers Market: Segment Analysis
The global cold planers market is segmented on the basis of type and application. In terms of type, the market is segmented into wheeled cold planers and tracked cold planers. In terms of application, the market is segmented into road construction, public engineering, and others. The road construction segment has become one of the most lucrative segments due to growing infrastructural activities in emerging economies.
Global Cold Planers Market: Regional Analysis
On the basis of region, the global cold planers market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific is the highest grossing region in the global cold planers market, especially due to countries such as China, Japan, and India. Most of the countries of Asia Pacific region are expected to essential markets for cold planers due to growing investments in construction activities and infrastructural developments.
Global Cold Planers Market: The Key Players
The key players studied in the global cold planers market are Caterpillar, WIRTGEN, Bomag, XCMG, SAKAI HEAVY INDUSTRIES, LTD., RoadTec, Dynapac, Sany, Liugong Machinery, CMI Roadbuilding, XGMA, and Shantui. The global competition is fierce but these leading players have continued to keep their market value intact with innovative products. This report of the cold planers market has discussed players, regions, product types, end industries, historical data, and forecast data. It also studies the competitive landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, and sales channels. Analysts have used SWOT analysis and Porter's Five Forces analysis to determine the plausible trajectory of the market.
Full Report Overview@ https://www.qyresearch.com/index/detail/1170539/global-cold-planers-market