PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423626
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423626
Road Marking Retroreflectometer Market Forecasts to 2030 - Global Analysis By Product, Application and By Geography
According to Stratistics MRC, the Global Road Marking Retroreflectometer Market is accounted for $7.74 billion in 2023 and is expected to reach $10.28 billion by 2030 growing at a CAGR of 6.2% during the forecast period. A Road Marking Retroreflectometer is a precision measuring device designed for assessing the retro reflectivity of road markings, ensuring visibility and safety. It plays a crucial role in maintaining road infrastructure standards. These devices use advanced technologies such as imaging, infrared, laser, and wireless connectivity to evaluate the reflective properties of road markings.
According to BCF's monthly raw material price survey, in the first quarter of 2021, the price of epoxy resin increased by 60 percent over the third quarter of 2020.
Market Dynamics:
Driver:
Increasing infrastructure development projects
The growing emphasis on road safety, coupled with increased government investments in transportation and urban development initiatives, fuels the demand for precise and efficient retroreflectivity assessment tools. As infrastructure expands, the need for accurate road markings intensifies, amplifying the role of retroreflectometers. These devices play a pivotal role in ensuring optimal visibility and compliance with safety standards, making them indispensable in the planning, construction, and maintenance phases of diverse infrastructure projects, ultimately contributing to the market's sustained growth.
Restraint:
Limited integration with existing systems
Retroreflectometer solutions face challenges in seamlessly integrating with established traffic management and road maintenance systems. The lack of compatibility may result in operational inefficiencies, making it difficult for end-users to incorporate retroreflectometer data into their broader infrastructure management strategies. This limitation hinders the ability to achieve a cohesive and interconnected approach to road safety and maintenance.
Opportunity:
Rising airport modernization
As airports globally undergo infrastructure upgrades, the demand for precise and efficient retroreflectometers for runway and taxiway markings increases. Enhanced visibility and safety compliance are crucial aspects in aviation, driving the adoption of advanced retroreflectometer technologies. Manufacturers catering to airport authorities stand to benefit from this opportunity by providing solutions that align with the modernization efforts, ensuring optimal performance and compliance with aviation safety standards. This trend positions the road marking retroreflectometer market to capitalize on the growing needs within the airport infrastructure development sector.
Threat:
Frequently changing infrastructure policies
The road marking industry relies heavily on infrastructure policies to drive demand and investments in transportation projects. Rapid changes in regulations and policies can create uncertainty, making it challenging for manufacturers and end-users to align their strategies and investments with evolving standards. Such unpredictability can lead to delays in infrastructure projects, hesitancy in adopting new technologies like retroreflectometers, and increased compliance costs. This aspect hampers the market expansion.
Covid-19 Impact
The covid-19 pandemic has impacted the Road Marking Retroreflectometer market, causing disruptions in the supply chain, delays in infrastructure projects, and a slowdown in manufacturing activities. Lockdowns, travel restrictions, and economic uncertainties have led to decreased demand. However, as economies recover and infrastructure projects resume, there is an opportunity for the market to rebound. The emphasis on road safety and the need for efficient retroreflectivity assessment could drive the demand for these devices in post-pandemic road maintenance and construction projects.
The wireless retroreflectometer segment is expected to be the largest during the forecast period
The wireless retroreflectometer segment is estimated to have a lucrative growth. A Wireless Retroreflectometer is an advanced device used for assessing the retroreflectivity of road markings. It incorporates wireless communication capabilities, allowing seamless data transfer and integration with smart systems. This technology enables real-time monitoring of road marking performance, enhancing efficiency in maintenance and ensuring compliance with visibility standards. This innovation contributes to safer road conditions and streamlined traffic management through the integration of wireless connectivity in retroreflectometry assessments.
The airport runways & taxiways segment is expected to have the highest CAGR during the forecast period
The airport runways & taxiways segment is anticipated to witness the highest CAGR growth during the forecast period. Road Marking Retroreflectometers play a critical role in ensuring safety and efficiency on airport runways and taxiways. By assessing retroreflectivity, these devices ensure optimal visibility of markings, enhancing pilots' ability to navigate during takeoff, landing, and taxiing. This technology aids in maintaining compliance with aviation safety standards, reducing the risk of runway incursions and improving overall airfield safety.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the expanding infrastructure projects and increasing emphasis on road safety. China and India are among the fastest emerging economies in the world. The increasing concerns for road traffic safety recently led to increased demand for road marking materials to ensure lane driving. Further, the region's government investments and key player's strategic partnerships are expanding the market opportunities in the dynamic Asia-Pacific region.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to increasing emphasis on road safety and infrastructure development. Government initiatives promoting efficient road markings to enhance visibility and compliance with safety standards are driving demand. Technological advancements, including wireless connectivity and smart city initiatives, are further propelling in the region. The market is poised for expansion as European countries prioritize the modernization of transportation infrastructure, promoting the adoption of advanced retroreflectometer solutions for effective road marking assessments.
Key players in the market
Some of the key players profiled in the Road Marking Retroreflectometer Market include Romer Labs, Data Transflective Limited, Swarco, Ennis-Flint, RoadVista, Erikal Research Corporation, Precision Products Group (PPG), Tapco, Intelligent Infrastructure Solutions (i2s), Sekisui Alveo, Cleary Bros, Vestel Traffic Systems, LTL Locators, Measure System Srl, Traffic Logix and RetroTek.
Key Developments:
In October 2021, Swarco, based in Australia, acquired Hitex, a Cheshire road marking company. The key aim of this acquisition was to spur up the market share of Hitex in the United Kingdom's Road Marking Materials industry.
In January 2021, RetroTek launches new vehicle-mounted retroreflectometer in Australia. The RetroTek-D is the first full lane width vehicle mounted retroreflectometer that can operate day or night that is certified to EN1436, ASTM E 1710 standards. The RetroTek-D uses the latest machine vision and LED projector technology combined with powerful QuickView-Pro GPS tracking reporting software offering the potential to radically transform retroreflectivity road marking condition surveys.
Products Covered:
- Mobile Retroreflectometer
- Handheld Retroreflectometer
- Wireless Retroreflectometer
- Portable Retroreflectometer
- Infrared Retroreflectometer
- Fixed Retroreflectometer
- Other Products
Applications Covered:
- Road Construction
- Maintenance & Repair
- Airport Runways & Taxiways
- Traffic Management
- Parking Lots
- Sports Courts
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Road Marking Retroreflectometer Market, By Product
- 5.1 Introduction
- 5.2 Mobile Retroreflectometer
- 5.3 Handheld Retroreflectometer
- 5.4 Wireless Retroreflectometer
- 5.5 Portable Retroreflectometer
- 5.6 Infrared Retroreflectometer
- 5.7 Fixed Retroreflectometer
- 5.8 Other Products
6 Global Road Marking Retroreflectometer Market, By Application
- 6.1 Introduction
- 6.2 Road Construction
- 6.3 Maintenance & Repair
- 6.4 Airport Runways & Taxiways
- 6.5 Traffic Management
- 6.6 Parking Lots
- 6.7 Sports Courts
- 6.8 Other Applications
7 Global Road Marking Retroreflectometer Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Romer Labs
- 9.2 Data Transflective Limited
- 9.3 Swarco
- 9.4 Ennis-Flint
- 9.5 RoadVista
- 9.6 Erikal Research Corporation
- 9.7 Precision Products Group (PPG)
- 9.8 Tapco
- 9.9 Intelligent Infrastructure Solutions (i2s)
- 9.10 Sekisui Alveo
- 9.11 Cleary Bros
- 9.12 Vestel Traffic Systems
- 9.13 LTL Locators
- 9.14 Measure System Srl
- 9.15 Traffic Logix
- 9.16 RetroTek
List of Tables
- Table 1 Global Road Marking Retroreflectometer Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Road Marking Retroreflectometer Market Outlook, By Product (2021-2030) ($MN)
- Table 3 Global Road Marking Retroreflectometer Market Outlook, By Mobile Retroreflectometer (2021-2030) ($MN)
- Table 4 Global Road Marking Retroreflectometer Market Outlook, By Handheld Retroreflectometer (2021-2030) ($MN)
- Table 5 Global Road Marking Retroreflectometer Market Outlook, By Wireless Retroreflectometer (2021-2030) ($MN)
- Table 6 Global Road Marking Retroreflectometer Market Outlook, By Portable Retroreflectometer (2021-2030) ($MN)
- Table 7 Global Road Marking Retroreflectometer Market Outlook, By Infrared Retroreflectometer (2021-2030) ($MN)
- Table 8 Global Road Marking Retroreflectometer Market Outlook, By Fixed Retroreflectometer (2021-2030) ($MN)
- Table 9 Global Road Marking Retroreflectometer Market Outlook, By Other Products (2021-2030) ($MN)
- Table 10 Global Road Marking Retroreflectometer Market Outlook, By Application (2021-2030) ($MN)
- Table 11 Global Road Marking Retroreflectometer Market Outlook, By Road Construction (2021-2030) ($MN)
- Table 12 Global Road Marking Retroreflectometer Market Outlook, By Maintenance & Repair (2021-2030) ($MN)
- Table 13 Global Road Marking Retroreflectometer Market Outlook, By Airport Runways & Taxiways (2021-2030) ($MN)
- Table 14 Global Road Marking Retroreflectometer Market Outlook, By Traffic Management (2021-2030) ($MN)
- Table 15 Global Road Marking Retroreflectometer Market Outlook, By Parking Lots (2021-2030) ($MN)
- Table 16 Global Road Marking Retroreflectometer Market Outlook, By Sports Courts (2021-2030) ($MN)
- Table 17 Global Road Marking Retroreflectometer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 18 North America Road Marking Retroreflectometer Market Outlook, By Country (2021-2030) ($MN)
- Table 19 North America Road Marking Retroreflectometer Market Outlook, By Product (2021-2030) ($MN)
- Table 20 North America Road Marking Retroreflectometer Market Outlook, By Mobile Retroreflectometer (2021-2030) ($MN)
- Table 21 North America Road Marking Retroreflectometer Market Outlook, By Handheld Retroreflectometer (2021-2030) ($MN)
- Table 22 North America Road Marking Retroreflectometer Market Outlook, By Wireless Retroreflectometer (2021-2030) ($MN)
- Table 23 North America Road Marking Retroreflectometer Market Outlook, By Portable Retroreflectometer (2021-2030) ($MN)
- Table 24 North America Road Marking Retroreflectometer Market Outlook, By Infrared Retroreflectometer (2021-2030) ($MN)
- Table 25 North America Road Marking Retroreflectometer Market Outlook, By Fixed Retroreflectometer (2021-2030) ($MN)
- Table 26 North America Road Marking Retroreflectometer Market Outlook, By Other Products (2021-2030) ($MN)
- Table 27 North America Road Marking Retroreflectometer Market Outlook, By Application (2021-2030) ($MN)
- Table 28 North America Road Marking Retroreflectometer Market Outlook, By Road Construction (2021-2030) ($MN)
- Table 29 North America Road Marking Retroreflectometer Market Outlook, By Maintenance & Repair (2021-2030) ($MN)
- Table 30 North America Road Marking Retroreflectometer Market Outlook, By Airport Runways & Taxiways (2021-2030) ($MN)
- Table 31 North America Road Marking Retroreflectometer Market Outlook, By Traffic Management (2021-2030) ($MN)
- Table 32 North America Road Marking Retroreflectometer Market Outlook, By Parking Lots (2021-2030) ($MN)
- Table 33 North America Road Marking Retroreflectometer Market Outlook, By Sports Courts (2021-2030) ($MN)
- Table 34 North America Road Marking Retroreflectometer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 35 Europe Road Marking Retroreflectometer Market Outlook, By Country (2021-2030) ($MN)
- Table 36 Europe Road Marking Retroreflectometer Market Outlook, By Product (2021-2030) ($MN)
- Table 37 Europe Road Marking Retroreflectometer Market Outlook, By Mobile Retroreflectometer (2021-2030) ($MN)
- Table 38 Europe Road Marking Retroreflectometer Market Outlook, By Handheld Retroreflectometer (2021-2030) ($MN)
- Table 39 Europe Road Marking Retroreflectometer Market Outlook, By Wireless Retroreflectometer (2021-2030) ($MN)
- Table 40 Europe Road Marking Retroreflectometer Market Outlook, By Portable Retroreflectometer (2021-2030) ($MN)
- Table 41 Europe Road Marking Retroreflectometer Market Outlook, By Infrared Retroreflectometer (2021-2030) ($MN)
- Table 42 Europe Road Marking Retroreflectometer Market Outlook, By Fixed Retroreflectometer (2021-2030) ($MN)
- Table 43 Europe Road Marking Retroreflectometer Market Outlook, By Other Products (2021-2030) ($MN)
- Table 44 Europe Road Marking Retroreflectometer Market Outlook, By Application (2021-2030) ($MN)
- Table 45 Europe Road Marking Retroreflectometer Market Outlook, By Road Construction (2021-2030) ($MN)
- Table 46 Europe Road Marking Retroreflectometer Market Outlook, By Maintenance & Repair (2021-2030) ($MN)
- Table 47 Europe Road Marking Retroreflectometer Market Outlook, By Airport Runways & Taxiways (2021-2030) ($MN)
- Table 48 Europe Road Marking Retroreflectometer Market Outlook, By Traffic Management (2021-2030) ($MN)
- Table 49 Europe Road Marking Retroreflectometer Market Outlook, By Parking Lots (2021-2030) ($MN)
- Table 50 Europe Road Marking Retroreflectometer Market Outlook, By Sports Courts (2021-2030) ($MN)
- Table 51 Europe Road Marking Retroreflectometer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 52 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Country (2021-2030) ($MN)
- Table 53 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Product (2021-2030) ($MN)
- Table 54 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Mobile Retroreflectometer (2021-2030) ($MN)
- Table 55 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Handheld Retroreflectometer (2021-2030) ($MN)
- Table 56 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Wireless Retroreflectometer (2021-2030) ($MN)
- Table 57 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Portable Retroreflectometer (2021-2030) ($MN)
- Table 58 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Infrared Retroreflectometer (2021-2030) ($MN)
- Table 59 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Fixed Retroreflectometer (2021-2030) ($MN)
- Table 60 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Other Products (2021-2030) ($MN)
- Table 61 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Application (2021-2030) ($MN)
- Table 62 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Road Construction (2021-2030) ($MN)
- Table 63 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Maintenance & Repair (2021-2030) ($MN)
- Table 64 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Airport Runways & Taxiways (2021-2030) ($MN)
- Table 65 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Traffic Management (2021-2030) ($MN)
- Table 66 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Parking Lots (2021-2030) ($MN)
- Table 67 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Sports Courts (2021-2030) ($MN)
- Table 68 Asia Pacific Road Marking Retroreflectometer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 69 South America Road Marking Retroreflectometer Market Outlook, By Country (2021-2030) ($MN)
- Table 70 South America Road Marking Retroreflectometer Market Outlook, By Product (2021-2030) ($MN)
- Table 71 South America Road Marking Retroreflectometer Market Outlook, By Mobile Retroreflectometer (2021-2030) ($MN)
- Table 72 South America Road Marking Retroreflectometer Market Outlook, By Handheld Retroreflectometer (2021-2030) ($MN)
- Table 73 South America Road Marking Retroreflectometer Market Outlook, By Wireless Retroreflectometer (2021-2030) ($MN)
- Table 74 South America Road Marking Retroreflectometer Market Outlook, By Portable Retroreflectometer (2021-2030) ($MN)
- Table 75 South America Road Marking Retroreflectometer Market Outlook, By Infrared Retroreflectometer (2021-2030) ($MN)
- Table 76 South America Road Marking Retroreflectometer Market Outlook, By Fixed Retroreflectometer (2021-2030) ($MN)
- Table 77 South America Road Marking Retroreflectometer Market Outlook, By Other Products (2021-2030) ($MN)
- Table 78 South America Road Marking Retroreflectometer Market Outlook, By Application (2021-2030) ($MN)
- Table 79 South America Road Marking Retroreflectometer Market Outlook, By Road Construction (2021-2030) ($MN)
- Table 80 South America Road Marking Retroreflectometer Market Outlook, By Maintenance & Repair (2021-2030) ($MN)
- Table 81 South America Road Marking Retroreflectometer Market Outlook, By Airport Runways & Taxiways (2021-2030) ($MN)
- Table 82 South America Road Marking Retroreflectometer Market Outlook, By Traffic Management (2021-2030) ($MN)
- Table 83 South America Road Marking Retroreflectometer Market Outlook, By Parking Lots (2021-2030) ($MN)
- Table 84 South America Road Marking Retroreflectometer Market Outlook, By Sports Courts (2021-2030) ($MN)
- Table 85 South America Road Marking Retroreflectometer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 86 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Country (2021-2030) ($MN)
- Table 87 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Product (2021-2030) ($MN)
- Table 88 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Mobile Retroreflectometer (2021-2030) ($MN)
- Table 89 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Handheld Retroreflectometer (2021-2030) ($MN)
- Table 90 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Wireless Retroreflectometer (2021-2030) ($MN)
- Table 91 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Portable Retroreflectometer (2021-2030) ($MN)
- Table 92 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Infrared Retroreflectometer (2021-2030) ($MN)
- Table 93 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Fixed Retroreflectometer (2021-2030) ($MN)
- Table 94 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Other Products (2021-2030) ($MN)
- Table 95 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Application (2021-2030) ($MN)
- Table 96 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Road Construction (2021-2030) ($MN)
- Table 97 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Maintenance & Repair (2021-2030) ($MN)
- Table 98 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Airport Runways & Taxiways (2021-2030) ($MN)
- Table 99 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Traffic Management (2021-2030) ($MN)
- Table 100 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Parking Lots (2021-2030) ($MN)
- Table 101 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Sports Courts (2021-2030) ($MN)
- Table 102 Middle East & Africa Road Marking Retroreflectometer Market Outlook, By Other Applications (2021-2030) ($MN)
