Road Reclaimer Market Research Study Tracks Latest Developments and Future Outlook
Global Road Reclaimer market is set to be influenced by a bevy of factors, including COVID-19 impact and broader public-private push toward inducing momentum. In a new comprehensive study, Fact.MR offers in-depth analysis and insights on how Road Reclaimer sales will grow/decline during the forecast period (2018-2027).
In addition to offering quantitative analysis on Road Reclaimer demand, the study also offers readers analysis on key factors that are likely to drive the market. From macroeconomic factors to subtle microeconomic factors, the study analyzes the minutest of details that have the potential to impact Road Reclaimer industry during the assessment period.
The study also offers readers in-depth insights on the key challenges for Road Reclaimer companies during the assessment period. The key challenges faced by OEMs as we as suppliers is also discussed in detail in the study.
What Big will be the Road Reclaimer Market in 2024?
The study recalibrates the impact of COVID-19 on Road Reclaimer sales, offering an analysis on short-term and long-term forecast. The impact of broader trends in the automotive industry have also been analyzed in the study.
Globally, automotive industry is looking at a period of recovery in 2024, as success with vaccine inoculation has raised the hopes of controlling the pandemic. Many automotive companies are also focusing on increasing exports to countries where the pandemic is less severe.
China, the largest automobile market in the world, is going through a period of ascendancy. The government in China is focusing on boosting infrastructure, whereas consumer sentiment is upbeat after a challenging 2024.
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In US and Europe, consumer sentiment is moving toward cautious optimism, however, it will be a long road to recovery in these countries. Still, there is growing consensus that 2024 will be a far better year for automotive sales in Europe and US.
A key area of concern for global automakers is the devastating second wave in India, one of the largest automobile markets globally. Things were looking up in India in first quarter of 2024, however, the resurgence of a virulent strain has led to lockdown and economic devastation. How all these developments impact automotive market in general and Road Reclaimer sales in particular remains to be seen.
Manufacturers of Road Reclaimers now Focusing on Operator Comfort
Once viewed as luxury add-ons, road reclaimer cabs, are now perceived as essential feature by construction contractors. The environment for road reclaimer operators in either recycling or stabilization job sites is hazardous, with concerns regarding minute, respirable, silica particles, that cause silicosis – a prevalent lung disease. Prolonged exposure to such environment results into several health issues for workers.
With new regulations apropos of worker safety being implemented, such as CDM 2015, and OSHA Safety and Health Regulations for Construction, elimination of health hazards linked with road construction is gaining widespread emphasis. These regulations have also rubbed off on the development of road reclaimers, resulting into incorporation of new features such as enclosed cab design as that in Wirtgen’s new road reclaimers, which shield operators from sweltering temperatures UV radiations from the sun.
Roadtec is another leading road reclaimer manufacturer, which is addressing health concerns by integrating a cooling system, which pulls air from the machine’s top prior to its exhaust via the radiator package. Roadtec’s provision enables a dust-free and clean environment to the operator.
Other prominent manufacturers of road reclaimers, such as Bomag and Caterpillar, are also focusing on addressing the product quality, operator comfort, and safety in their road reclaimers. Growing emphasis on operator safety will create high demand for such user-friendly machinery, thereby influencing expansion of the global road reclaimer market.
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Road Reclaimer companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use.
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Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
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