PUBLISHER: Grand View Research | PRODUCT CODE: 1301206
PUBLISHER: Grand View Research | PRODUCT CODE: 1301206
Cold Milling Machine Market Size, Share & Trends Analysis Report By Type (Crawler Track, Wheeled), By Power, By Application (Concrete Rehabilitation), By Region, And Segment Forecasts, 2023 - 2030
Cold Milling Machine Market Growth & Trends
The global cold milling machine market size is anticipated to reach USD 3,566.5 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.1% over the forecast period. The market growth is attributed to the increasing adoption of cold milling machines for road construction and maintenance activities. For instance, the National Highways Authority of India reports that the annual construction of 4, 6, and 8-lane national highways has surged by more than 300% between 2016 and 2022.
The rising technological advancements coupled with a growing number of smart city initiatives around the world are predicted to drive market demand of cold milling machines during the forecast period. For instance, Wirtgen Group, a producer of road construction and maintenance machinery, launched its new series of small milling machines in March 2022. Wirtgen has a large selection of cold milling machines in the industry, with milling widths ranging from 14 mm to 4.4 m. Furthermore, the new solutions are based on real-world experience and key expertise in leveling, control, and cutting technology, thereby driving market expansion.
Asphalt rehabilitation is quickly becoming a necessity in India, given the volumes of screened, crushed, shaped, and sized aggregates required for the country's upcoming road and infrastructure projects. As a result, it would be important to preserve and recycle the existing aggregates from earlier pavements in order to increase aggregate availability and, as a result, contribute to cost reduction in practically all road upgradation plans on national, state, and city highways and roads.
Cold milling machines are required for the efficient granulation and removal of road surfaces. These are used to efficiently eliminate concrete and asphalt surfaces. In addition, they establish a level foundation of the requisite breadth and depth for paving fresh surface layers of uniform thickness. The cold milling machine increases the material's workability and produces reclaimed asphalt pavement for later recycling operations. These aforementioned factors are projected to drive demand for cold milling machines in the coming years.
Increased infrastructure expenditure is likely to fuel demand for cold milling machines in the next years. For instance, a USD 1 trillion investment, a bipartisan plan introduced by U.S. Congress that spent billions of dollars to repair physical infrastructure such as roads and bridges, trains, airports, and water systems, is predicted to boost the market growth. Moreover, the Wirtgen W 150 CF compact milling machine boosts infrastructure project productivity. It can mill a full section of road in a single pass, which helps to increase job site productivity.
Key companies are strategizing to increase revenue generation, with a focus on R&D, mergers & acquisitions, product launches, expansion of production capacities, and geographic expansion. For instance, in February 2023, Sany Bharat manufactures more than 50 construction equipment machines such as SCM2000C-8S Track Cold Miller at its factory in India.
Cold Milling Machine Market Report Highlights
- The crawler track segment accounted for 71.1% of the global revenue share in 2022. The growing number of road construction projects is fuelling market demand. Furthermore, product updates with digitalization, automation, and additional features in equipment are propelling the industry forward. Doosan, for instance, released the DX1000LC-7 100-tonne crawler excavator in October 2022. The DX1000LC-7 features the maximum hydraulic flow for a machine of this size, resulting in increased productivity, lower fuel consumption, and smoother controls.
- The concrete rehabilitation application segment is expected to witness a CAGR of 6.4% over the forecast period. Cold milling devices can remove asphalt and concrete pavements at a low cost. The applications range from comprehensive asphalt and concrete removal to layer-by-layer removal and leveling of asphalt and concrete surfaces. WIRTGEN cold milling machines can manufacture working widths ranging from 1 ft 2 in to 14 ft 5.
- Cold milling machine is the initial step in the rehabilitation of a pavement or traffic area. The milling surface condition has a significant impact on the quality of the surface areas, their service qualities, and the efficient execution of the other construction measures. These aforementioned causes are projected to enhance cold milling machine demand.
- Asia Pacific region is expected to witness a CAGR of 6.7% over the forecast period. Increased government spending on new road construction projects will have a substantial impact on the industry. Furthermore, technical advancements in construction machines will boost market expansion. To boost their performance, businesses are incorporating telematics, 3D modeling, and other cutting-edge technologies.
- Caterpillar introduced a new series of cold planers in 2021. Cat PM620, PM622, PM820, PM822, and PM825 product improvements emphasize ease of operation and lower ownership and running expenses
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Cold Milling Machine Market Variables, Trends & Scope
- 3.1. Market Segmentation & Scope
- 3.2. Penetration and Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Technology Overview
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Market Challenge Analysis
- 3.6.4. Market Opportunity Analysis
- 3.7. Business Environment Analysis: Cold Milling Machine Market
- 3.7.1. Industry Analysis - Porter's
- 3.7.1.1. Supplier Power
- 3.7.1.2. Buyer power
- 3.7.1.3. Threat of substitutes
- 3.7.1.4. Threat of new entrants
- 3.7.1.5. Competitive rivalry
- 3.7.2. PESTEL Analysis
- 3.7.2.1. Political Landscape
- 3.7.2.2. Economic Landscape
- 3.7.2.3. Social Landscape
- 3.7.2.4. Technological Landscape
- 3.7.2.5. Environmental Landscape
- 3.7.2.6. Legal Landscape
- 3.7.1. Industry Analysis - Porter's
- 3.8. Economic Mega Trend
- 3.9. Price Trend Analysis
- 3.10. Distribution Channel
- 3.11. Vendor Matrix
- 3.11.1. List of key component providers
- 3.11.2. List of key manufacturers
- 3.11.3. List of Key distributors
Chapter 4. Cold Milling Machine Market: Type Estimates & Trend Analysis
- 4.1. Type Movement Analysis & Market Share, 2022 & 2030
- 4.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.2. Crawler type
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Wheel
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Cold Milling Machine Market: Power Estimates & Trend Analysis
- 5.1. Power Movement Analysis & Market Share, 2022 & 2030
- 5.2. Below 300 kW
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. 300 kW to 500 kW
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Above 500 kW
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Cold Milling Machine Market: Application Estimates & Trend Analysis
- 6.1. Application Movement Analysis & Market Share, 2022 & 2030
- 6.2. Concrete Rehabilitation
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3. Asphalt Rehabilitation
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Cold Milling Machine Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2022 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Macroeconomic Outlook
- 7.2.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Macroeconomic Outlook
- 7.2.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Macroeconomic Outlook
- 7.2.4.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.2. France
- 7.3.2.1. Macroeconomic Outlook
- 7.3.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Macroeconomic Outlook
- 7.3.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.4. Italy
- 7.3.4.1. Macroeconomic Outlook
- 7.3.4.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.5. UK
- 7.3.5.1. Macroeconomic Outlook
- 7.3.5.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Macroeconomic Outlook
- 7.3.6.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. Macroeconomic Outlook
- 7.4.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.3. India
- 7.4.3.1. Macroeconomic Outlook
- 7.4.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Macroeconomic Outlook
- 7.4.4.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Macroeconomic Outlook
- 7.4.5.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.6. South Korea
- 7.4.6.1. Macroeconomic Outlook
- 7.4.6.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5. Middle East & Africa
- 7.5.1. South Africa
- 7.5.1.1. Macroeconomic Outlook
- 7.5.1.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.2. UAE
- 7.5.2.1. Macroeconomic Outlook
- 7.5.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.1. South Africa
- 7.6. Central & South America
- 7.6.1. Brazil
- 7.6.1.1. Macroeconomic Outlook
- 7.6.1.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Argentina
- 7.6.2.1. Macroeconomic Outlook
- 7.6.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.1. Brazil
Chapter 8. Cold Milling Machine Market: Competitive Analysis
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Overview
- 8.5. Product Benchmarking
- 8.6. Company Market Positioning
- 8.7. Company Market Share Analysis
- 8.8. Company Heat Map Analysis
- 8.9. Strategy Mapping
Chapter 9. Company Profiles
- 9.1. DEERE & COMPANY (Wirtgen Group)
- 9.2. Caterpillar Inc.
- 9.3. Astec Industries Inc.
- 9.4. SANY Group
- 9.5. Fayat Group (Bomag GmbH)
- 9.6. CMI Roadbuilding Limited
- 9.7. Sakai Heavy Industries Limited
- 9.8. Komatsu Ltd.
- 9.9. CNH Industrial NV
- 9.10. Simex srl
- 9.11. Kubota Corporation
- 9.12. Volvo Construction Equipment
- 9.13. Liugong Machinery Co., Ltd.
- 9.14. J C Bamford Excavators Ltd
List of Tables
- Table 1. Cold milling machine market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- Table 2. Cold milling machine market estimates and forecasts, by power, 2018 - 2030 (USD Million)
- Table 3. Cold milling machine market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 4. U.S. Macroeconomic Outlook
- Table 5. Canada Macroeconomic Outlook
- Table 6. Mexico Macroeconomic Outlook
- Table 7. France Macroeconomic Outlook
- Table 8. Germany Macroeconomic Outlook
- Table 9. Italy Macroeconomic Outlook
- Table 10. UK Macroeconomic Outlook
- Table 11. Spain Macroeconomic Outlook
- Table 12. China Macroeconomic Outlook
- Table 13. India Macroeconomic Outlook
- Table 14. Japan Macroeconomic Outlook
- Table 15. Australia Macroeconomic Outlook
- Table 16. South Korea Macroeconomic Outlook
- Table 17. UAE Macroeconomic Outlook
- Table 18. South Africa Macroeconomic Outlook
- Table 19. Brazil Macroeconomic Outlook
- Table 20. Argentina Macroeconomic Outlook
- Table 21. Recent Developments & Impact Analysis, By Key Market Participants
- Table 22. Company Market Share, 2022
- Table 23. Company Heat Map Analysis, 2022
- Table 24. Key Companies undergoing expansion
- Table 25. Key Companies involved in mergers & acquisition
List of Figures
- Fig 1. Market Segmentation & Scope
- Fig 2. Information Procurement
- Fig 3. Data Analysis Models
- Fig 4. Market Formulation And Validation
- Fig 5. Data Validating & Publishing
- Fig 6. Market Snapshot
- Fig 7. Segment Snapshot
- Fig 8. Competitive Landscape Snapshot
- Fig 9. Penetration and Growth Prospect Mapping
- Fig 10. Value Chain Analysis
- Fig 11. Market Dynamics
- Fig 12. Cold Milling Machine Market PORTER's Analysis
- Fig 13. Cold Milling Machine Market PESTEL Analysis
- Fig 14. Cold Milling Machine Market, By Type: Key Takeaways
- Fig 15. Cold Milling Machine Market: Type Movement Analysis & Market Share, 2022 & 2030
- Fig 16. Crawler type market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig 17. Wheeled market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig 18. Cold Milling Machine Market, By Power: Key Takeaways
- Fig 19. Cold Milling Machine Market: Power Movement Analysis & Market Share, 2022 & 2030
- Fig 20. Below 300kW market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig 21. 300 kW to 500 kW market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig 22. Above 500 kW market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig 23. Cold Milling Machine Market, By Application: Key Takeaways
- Fig 24. Cold Milling Machine Market: Application Movement Analysis & Market Share, 2022 & 2030
- Fig 25. Concrete Rehabilitation market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig 26. Asphalt Rehabilitation market estimates & forecasts, 2018 - 2030 (USD Million)
