Market Size, Shares, Segmentation, Competitors, Growth, Channels, & Trends
Underlying the Manufacture and Markets for Surface Treatment & Finishing Equipment in Road Construction
The final stage in road construction—both new and overlays—involves seal coating in the case of asphalt paved roads, and pavement marking and striping on both asphalt and concrete roads.
Seal coating or pavement sealing is an economical surface treatment designed to protect and extend pavement life, as asphalt left untreated after paving deteriorates at a faster rate. Seal coating is undertaken after new roads have been paved and also as part of road maintenance to extend the life of an existing asphalt-paved road that is structurally sound but is beginning to age and may have surface distress. Seal coating uses either coal tar pitch or asphalt mixed with inert fillers, water, emulsifying agents, or additives. Seal coating equipment includes self-propelled, truck-mounted, trailer-mounted, skid-mounted, and portable/walk-behind units; the type of equipment used depends on the size of the project.
Pavement markings divide traffic lanes, show turning lanes, mark pedestrian crossings, indicate obstacles, etc. Pavement marking and striping is done on new roads and on existing roads after a road maintenance project. Pavement striping equipment includes two types—conventional (air spray) and airless type. Air spray pavement striping equipment features a paint tank that can be sealed shut, an engine and an air compressor. Airless striping machines have an engine, motor, pump and a gun and do not feature an air compressor or a paint tank.
There has been increasing use of thermoplastic pavement marking on both asphalt and concrete surfaces in the last few years. Thermoplastic paint is a plastic-based paint that can be applied either cold or hot and can withstand more abuse than traditional water- and oil-based paints.
Pavement marking/striping equipment for water-based, oil-based and thermoplastic markings can be trailer-mounted, truck-mounted, self-propelled, palletized or portable.
Twenty-seven companies participate in the supply of road surface finishing equipment in North America.
Key aspects detailed in this report include estimation of market size, market shares by type, demand factors, trends and outlook for each segment, as well as profiles of the 27 manufacturers supplying road finishing equipment into the U.S. and Canadian markets.
This report is part of a multi-client project on road construction equipment that seeks to address the needs of clients from a variety of segments, ranging from construction equipment manufacturers and large highway construction contractors to small road maintenance contractors—who are likely to be well-versed on the subject—to private equity firms and management analysts that need to understand the market from an outsider standpoint with no prior knowledge.
Other reports in this series are: