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Cold Planer Market Trends

  • Report ID: GMI11159
  • Published Date: Aug 2024
  • Report Format: PDF

Cold Planer Market Trends

A prominent trend in the market is the swift evolution of cold planer technology. Innovations like integrated 3D control systems, heightened cutting precision, and superior automation are boosting efficiency and performance. Cold planers boast advanced controls and user interfaces, allowing for precise adjustments and real-time monitoring, which ensures top-notch results in both road and runway maintenance and the advancements also lead to lower operational costs and heightened safety at job sites.
 

Another notable trend is the rising preference for rental models among cold planer users with infrastructure projects diversifying and often being short-term, construction and rental firms are turning to rented equipment. This approach allows them to address diverse project demands without the burden of hefty capital expenditures. The shift underscores a growing emphasis on flexibility and cost-effectiveness in machinery management. Furthermore, the broadening of rental fleets not only mirrors market demand but also grants access to cutting-edge technologies, empowering companies to swiftly adjust to evolving project needs.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of cold planer was worth about USD 2 billion in 2023 and will showcase about 5% CAGR from 2024 to 2032, augmented by the advancements in cold planer technology and features.

The tracked cold planers segment accounted for a market share of over 73% in 2023, owing to its robust design and advanced mobility.

Asia Pacific region accounted for a cold planer market share of around 45% in 2023, due to rapid urbanization and expansive infrastructure development projects.

Caterpillar Inc., Fayat Group, John Deere, Roadtec, SANY Group, Volvo Construction Equipment, and XCMG Group.

Cold Planer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 341
  • Countries covered: 23
  • Pages: 250
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