, /PRNewswire/ — The “Road Reclaimer Market Share, Size, Trends, Industry Analysis Report, By Capacity , By Application, By Region, Segment Forecast, 2023 – 2032” report has been added to  ResearchAndMarkets.com’s offering.

The global road reclaimer market size is expected to reach USD 776.26 million by 2032, according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.

Companies Mentioned

  • Bomag Fayat Group (Bopparder Maschinenbau-Gesellschaft GmbH)
  • Case Reclaimer Corp.
  • Caterpillar Inc.
  • Dynapac Group
  • JCB Corporation
  • Metso Outotec Group
  • SAKAI HEAVY INDUSTRIES Ltd. S.A.tui Construction Machinery Co. Ltd.
  • Volvo Group
  • WIRTGEN Group
  • Waste Products Reclaimer PVT LTD.
  • Xuzhou Construction Machinery Group Co. Ltd. (XCMG)

Demand for road reclamation is increasing as a result of growing government initiatives to fix damaged roads. For instance, in November 2022, as per the Tamilnadu Government announcement, to repair damaged roads in urban local bodies throughout the State, the municipal administration and water supply department has set aside a special amount of INR 2,200 crore. Additionally, it was announced that 16,390 kilometres of roads would be upgraded for INR 7,338 crores by integrating Singara Chennai 2.0 and other projects.

In addition, in July 2022, Delhi Government announced that every Saturday, departments will be responsible for maintaining the roads in their respective locations under the government’s weekly action strategy to enhance the quality of city roadways. The Delhi government requested the relevant departments to choose one street per zone/division each weekend for maintenance, repairs, and rejuvenation to make the roads in the capital safer as well as free of potholes, as well as fix crumbling footpaths and stretches.

Furthermore, the rise in spending on infrastructure and the rapid expansion of the construction sector is boosting the demand for road reclaimers. For instance, as per the IBEF, India pledged to invest around USD 1.4 trillion infrastructure-related projects between 2019-23, to achieve sustainable development goals. Given that road recycling is an expanding trend in the construction industry, road reclamation is swiftly evolving into essential pieces of equipment for constructing new roads.

Also, nearly 25 million kilometres of new roads are expected to have been constructed worldwide by the year 2050, with the majority of these roads being constructed in developing countries. By the end of 2040, there’s going to be an upsurge in migration from rural areas of more than 45 percent, according to Global Infrastructure Hub Australia, creating a large requirement for infrastructure assistance.

Therefore, the government’s rapidly rising infrastructure investment in the construction industry for the development of new roads as well as the repair and maintenance of old road rules issued is boosting the demand for road reclaimers that is driving the growth of the market rapidly.

Road Reclaimer Market Report Highlights

  • The 20-30 tons segment is anticipated to grow rapidly over the forecast period. Debris removal from roads and other surfaces is done with the use of road reclaimers, which can weigh 20 to 30 tonnes.
  • The mining segment accounted for a major global revenue share. The demand for processing and transporting mined materials and equipment will rise as mining activity increases.
  • Asia-Pacific is projected to grow at the highest CAGR over the study period. This is primarily due to an increase in building activity and a quickening of urbanization in developing nations including China, India, Indonesia, Vietnam, and Thailand.

Market Dynamics

Drivers and Opportunities

  • Rising adoption of road reclaimers for road construction
  • Growing government initiatives to repair damaged roads

Restraints and Challenges

  • High cost

Market Segmentation

Road Reclaimer, Capacity Outlook (Revenue – USD Million, 2019 – 2032)

  • Less than 10 Tons
  • 10-20 Tons
  • 20-30 Tons
  • Above 30 Tons

Road Reclaimer, Application Outlook (Revenue – USD Million, 2019 – 2032)

  • Road Construction
  • Airports
  • Wharves
  • Public Engineering
  • Mining
  • Oil
  • Agriculture

For more information about this report visit https://www.researchandmarkets.com/r/f0i5i2

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets

Laura Wood, Senior Manager

[email protected]

 

For E.S.T Office Hours Call +1-917-300-0470

For U.S./CAN Toll Free Call +1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

 

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets