Stratview Research delivers key insights on the global Cold Milling Machines Market. According to Stratview Research, the market is segmented by Product Type (Wheel-Type and Crawler-Type), by Engine Power Type (Less than 155 kW, 155 kW – 300 kW, and Above 300 kW), by Application Type (Asphalt Road and Concrete Road), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
Market Insights
The report suggests that the overall Cold Milling Machines Market is likely to witness a CAGR of 4.3% during the forecast period. 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.
Market Segments' Analysis
Based on the product type, the market is segmented as wheel-type and crawler-type. The crawler-type product segment accounted for the larger 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.
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.
Key Players
The following are some of the key players in the Cold Milling Machines Market:
- Wirtgen GmbH
- CMI Roadbuilding Ltd.
- Caterpillar Inc.
- Astec Industries
- XCMG
- BOMAG
- John Deere
- Jiangsu Huatong Kinetics Co Ltd
- Dynapac
- Liugong Machinery Co., Ltd.
Get a free sample report here: https://www.stratviewresearch.com/Request-Sample/2438/Cold-Milling-Machines-Market.html#form
About Us –
Stratview Research is a leading global market research firm providing expert research solutions, trusted by clients worldwide. To keep our clients ahead of the curve, we provide data backed by extensive market research and in-depth industry knowledge. The broad spectrum of integrated insights is referred to, and cited by press releases, interview with key players, white papers, journals, etc. Stratview research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our team.
Get in touch with us for more details –
Call: +1-313-307-4176 Or Mail Us: [email protected]
