Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global slurry seal machines market. In addition, complete analysis of changes on the global slurry seal machines market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The key factor propelling the growth of slurry seal machines market is such as rising utilization of items in the construction, maintenance and other wide range of road construction applications in the developed areas. Additionally rising construction spending and an increase in urbanization in developed and developing area are some factors that are expected to increase the revenue of the slurry seal machines market globally. Increasing government initiatives to make quality and standard driving surface foo people is also the anther contributing factor to refueling slurry seal machines market. Addition to this, increasing demand from the urban area and to make urban road
The major opportunity for slurry seal machines market is increasing urbanization and standard living is also the major impacting factor to increase the growth of slurry seal machines market. Research and development in the road construction industry in also the contributing factor to increase the growth of slurry seal machines market.
Price fluctuations is one of the key market restraint for the market growth. Lack of awareness among the people in so the demand for slurry seal machines has decreased in the developing area across the globe. Lack of knowledge to operate the machine is also lacking factor among the people these factor is hinders the growth of the slurry seal machines market.
The key challenge faced by the market will be lack of awareness are expected to obstruct the market growth. Lack of technical knowledge is projected to challenge the slurry seal machines market. It also include the situation like Covid- 19 pandemic where the demand for slurry seal machines has decreased, this factor is challenging for the growth of slurry seal machines market.
The report provides in-depth analysis of global slurry seal machines market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. The market growth is primarily driven by the changing technology and infrastructure with the growing investments by government bodies on development of urban roads, parking lots and highway an susceptibility towards it is increase the demand of global slurry seal machines market is expected to witness the growth at a specific CAGR from 2022-2028.
The global slurry seal machines market comprises of different market segment 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. Surface treatment applicator can apply rubberized emulsion aggregate slurry over highways, roads, parking lots and airport runways. Truck mounted includes an electronic control system that simplifies calibration and allows to monitor and adjust production easily. It also includes Electronic Mix Control and Diagnostic (EMCAD) System is one of the most advanced in the industry and easily allows operators to better manage calibration. Truck mounted segment is expected to increase the market growth during the forecast period.
The slurry seal machines market by application includes various segment highway, streets, airfields, parking lots, driveways, urban road. The streets segment is expected to dominate the market and it’s also expected to increase the market growth during the forecast period. Owing to increasing streets construction in the urban and non- urban area is increasing the global slurry seal machine market. Furthermore, the subsequent slurry material is a free streaming composite material that is spread by means of a spreader box over the current street surface. This is another factor to increased application of slurry seal machine for street.
The global slurry seal machines market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Asia-Pacific is likely to dominate the global market during 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. In addition to that, ongoing R & D activities & technologies advancement in the field of slurry seal machine device are expected to help the Asia Pacific slurry seal machine market to grow further during the forecast period. According to the department of transportation, FYWA’s FY 2022 budget request 47.1$ billion for the federal-aid highway program this budget is important for highway and bridge infrastructure and this will ultimately create an opportunity for slurry seal machine market.
The competitive landscape analysis of slurry seal machines market is certainly based range of market players operating in the road construction industry with increasing demand for production of slurry seal machines market. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.
The key players studied in market are Rayner Equipment Systems, VSS Macropaver, Bergkamp Inc., FAYAT Group, Xi’an Dagang Road Machinery, Shanghai Doan Machinery Technology, Henan Gaoyuan, XCMG.
Slurry seal machine is utilized for seal sound and oxidised asphalts, restore surface by giving a pallet safe wearing surface, improve waterproofing qualities, correct ravening, provide another surface where weight limitations block the utilisation of heavier overlays (e.g., span decks) and give another surface where tallness limitations are an issue (e.g., overcrossings). Slurry seal and micro surfacing equipment has a strong reputation for delivering high-quality asphalt pavement resurfacing of highways, roads, parking lots and other pavement surfaces. Slurry seals are a combination of bitumen emulsion, evaluated totals, mineral filler, water and different added substances. The combination is made and set consistently utilizing a movement paver (Slurry Surfacing Machine). The movement paver meters the blend parts in a foreordained request into a pug plant. Slurry seal machine can easily double the application rates of competitive conventional machines, with average outputs of 2.7 – 3.6 tonne/min (3-4 tons/min). Self-propelled slurry seal and micro surfacing machine optimize efficiency and reduce the number of construction joints, creating a smooth driving surface.
The global slurry seal machine market comprises of different market segment like mount type, application and geography. The different mount type studied in the global slurry seal machine market is surface treatment applicator, truck mounted, semi-trailer mounted, continuous pavers and others. By application the global slurry seal machine market is bifurcated into highway, streets, airfields, parking lots, driveways, urban road. Market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is likely to gain major market share and maintain its dominance over the estimated time period.
1) What are the drivers for slurry seal machines market?
Ans: The key driving factors of the market are growing construction industry is likely to help the market to grow
2) Which mount type is expected to dominate in the market?
Ans: Insurance companies is expected to witness increasing demand for slurry seal machines.
3) Which is the leading application segment for slurry seal machines?
Ans: Street segment has accounted the major market share, and is expected to witness the growth of technical adoption during the forecast period.
4) Which region is gaining majority of market share during the forecast period (2022-2028)?
Ans: North America is expected to gain major market share during the forecast period (2022-2028).
