Slurry Seal Machines Market is anticipated to grow at a CAGR of 4.71% from 2022 to 2028 globally - Axiom MRC
Slurry Seal Machines Market is anticipated to grow at a CAGR of 4.71% from 2022 to 2028 globally - Axiom MRC
Date: January 2023
New York, July 2022: Axiom Market Research & Consulting™ added a report on Slurry Seal Machines Market which includes study on mount type, application and geography. Slurry Seal Machines Market was projected to grow at a CAGR of 4.71% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the Slurry Seal Machines market.
The major factor driving the growth of market are rising utilization of items in the construction, maintenance and other wide range of road construction applications in the developed areas are flourishing the market growth. Additionally rising construction spending and an increase in urbanization in developed and developing area are fuelling the market. Increasing government initiatives to make quality and standard driving surface foo people is also the anther contributing factor to refuelling slurry seal machines market. Addition to this, increasing demand from the urban area and to make urban road
The report analyses the slurry seal machines market based on the mount type, application and geography. The different service studied in the global slurry seal machines market are surface treatment applicator, truck mounted, semi-trailer mounted, continuous pavers and others. The market finds its major application in various segment highway, streets, airfields, parking lots, driveways, urban road. The global slurry seal machines market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW).
Truck Mounted is estimated to lead Slurry Seal Machines Market
The truck mounted segment held the highest revenue share in the Slurry Seal Machines market. The feature like same continuous flow, accurate delivery and proportioning of mix component through a multi- blade, doubled shafted mixer. Furthermore, mostly truck mounted paver is loaded with the material at the stockpile, drives to the project site, and applies slurry seal on required applications like highways, urban ways among others. The truck mounted is one of the most popular option for the slurry seal machine.
Urban Road application segment is estimated to gain majority of market share in the Slurry Seal Machines market
Urban Road segment is estimated to gain majority of market share in the Slurry Seal Machines market. Urban roads are part of urban infrastructure. These roads are required for both intra-city and intercity movement and render much higher level of service compared to Regional Roads, State Highways and National Highways. Importance of urban roads is increasing on account of the fact that urban areas are increasing in their size and number. These roads are to be designed to accommodate peak hour traffic as also lean traffic. The growing developments projects is also fuelling the growth of the segment in the global slurry seal machines market.
Asia Pacific is expected to dominate the Slurry Seal Machines market
The Asia Pacific is leading the global slurry seal machines market and is anticipated to continue its dominance throughout the forecast period. The key factors which are contributing India and China in becoming developing country for slurry seal machine market include, to the expansion in urbanization, construction and powerful transportation needs are and broad rustic street network are factors driving growth in the Asia Pacific region. Countries such as India and China are witnessing a speedy growth in this market.
Key Players
The key players in the Slurry Seal Machines Market are Rayner Equipment Systems (US), VSS Macropaver (US), Bergkamp Inc. (US), FAYAT Group (France), Xi’an Dagang Road Machinery. (China), Shanghai Doan Machinery Technology (China), Henan Gaoyuan. (China), Henan Roadway Technology Co. Ltd (China), XCMG (China), IKOM (China) among others.