Cold Milling Machine Market Analysis

Cold Milling Machine Market Analysis 

In terms of milling width, the cold milling machine industry is classified into below 2 ft, 2 ft - 5 ft, and above 5 ft. The below 2 ft segment size is expected to depict a growth rate of around 4.5% till 2030. Milling machines with a width lesser than 2 feet are deployed in diverse applications such as the partial rehabilitation of pavements and tie-in milling while rehabilitating industrial floors.

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Based on applications, the cold milling machine market is categorized into concrete and asphalt pavements. The concrete pavement market size is anticipated to cross USD 1,200 million by 2030. Concrete milling is essentially undertaken to eliminate irregularities in concrete and ensure that the resultant surface is smooth & properly leveled to provide sufficient traction. This application segment will be driven by the extensive number of ongoing roadway & highway rehabilitation projects worldwide.
 

Regionally, Asia Pacific will emerge as a major revenue hub for the cold milling machine market. APAC accounted for over 40% of the market revenue share in 2021, led by the rising incidences of natural calamities, such as earthquakes, typhoons & landslides, in nations including Japan and China. Positive growth prospects for the regional construction and infrastructure development sectors will further push the market trends.
 

Another region that may emerge as a key revenue hub is the Middle East & Africa. A rising number of initiatives that are directed at modernizing the regional infrastructure sector will increase the MEA cold milling machine industry size, which is slated to witness about 2.5% gains through 2030.