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Cold Planer Market by Product Type (Wheeled Cold Planers, Tracked Cold Planers), by Engine Power (< 100 kW, 100-300 kW, > 300 kW), by Application (Road Construction, Pavement Maintenance, Airport Runways, Others), by End-User (Municipal & Government Bodies, Construction Companies, Rental Companies), by North America (U.S., Canada), by Europe (UK, Germany, France, Italy, Spain, Russia, Nordics, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Australia, Southeast Asia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by MEA (UAE, Saudi Arabia, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Cold Planer Market was valued at USD 2 Billion in 2023 and is projected to reach USD 2.81 Billion by 2032, with an expected CAGR of 5% during the forecast period. The Cold Planer Market centers on the need for specialized construction machinery utilized for milling or renewing asphalt and concrete pavement. Cold planers, referred to as milling machines, are employed to eliminate damaged or worn asphalt, prepping the surface for repaving or other restoration efforts. These devices have rotating drums fitted with sharp, interchangeable teeth that effectively grind and strip away material layers, making them crucial for road maintenance, highway development, and resurfacing tasks. The market is propelled by the rising need for infrastructure maintenance and improvements, especially due to deteriorating roads and urban expansion. Cold planers are sought after for their efficiency in working on-site, which decreases expensive material transport and lessens interruptions during resurfacing jobs. Technological progress, including better fuel efficiency, upgraded cutting abilities, and automated controls for precise milling, is also propelling the market. With ongoing investments from governments and private entities in road repair and construction, substantial growth in the Cold Planer Market is anticipated, especially in areas where there are considerable needs for road infrastructure development and maintenance.
The Cold Planer Market exhibits moderate concentration, with key players holding significant market share. Geographic concentration is evident, with North America and Europe accounting for a substantial portion of the market. Regulatory compliance, product substitutes, and end-user concentration are key characteristics influencing the industry.
North America is the largest market for cold planers due to extensive road networks and construction projects. Wheeled cold planers dominate the market, while the construction sector accounts for the highest end-user share.
The Cold Planer Market Report provides comprehensive insights into:
Market Size: The global cold planer market size reached USD 2.13 Billion in 2023 and is projected to grow to USD 3.42 Billion by 2030.
Market Share: Caterpillar Inc. holds the largest market share, followed by Fayat Group, John Deere, and XCMG Group.
Growth: The market is expected to grow at a CAGR of 5.8% from 2023 to 2030.
In August 2024: Caterpillar launched the Simformotion Collaborative Worksite Training package for virtual training on cold planers.
In March 2023: Astec Industries introduced the RX-405 compact cold planer for trenching and parking lot applications.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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