Cold Planers Market
Cold Planers Market
The market for Cold Planers was estimated at $14.67 billion in 2024; it is anticipated to increase to $22.3 billion by 2030, with projections indicating growth to around $31.5 billion by 2035.
Global Cold Planers Market Outlook
Revenue, 2024 (US$B)
$14.7B
Forecast, 2034 (US$B)
$29.4B
CAGR, 2024 - 2034
7.2%
Market Key Insights
- The Cold Planers market is projected to grow from $14.7 billion in 2024 to $29.4 billion in 2034. This represents a CAGR of 7.2%, reflecting rising demand across Asphalt Paving, Road Rehabilitation and Airfield Maintenance.
- The market leaders in this sector include Caterpillar Inc., Wirtgen and Bomag (Fayat Group) which determine the competitive dynamics of the market.
- U.S. and Germany are the top markets within the Cold Planers market and are expected to observe the growth CAGR of 4.7% to 6.9% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 8.3% to 9.9%.
- The Cold Planers market will experience $2.0 billion in additional growth through 2030 because of technological progress in Cold Planers.
- The Cold Planers market is set to add $14.7 billion between 2024 and 2034, with manufacturer targeting Mid sized & Large Product Type projected to gain a larger market share.
- With Advancements in cold planer technology, and Growth in infrastructure development, Cold Planers market to expand 100% between 2024 and 2034.
Opportunities in the Cold Planers
In infrastructure endeavors like construction projects in cities demand small and flexible equipment that can easily move around Compact cold planers are designed for this purpose with advanced maneuverability and a smaller size making them ideal for projects in tight spaces This highlights the need for developing mobile cold planers as a valuable opportunity, within the growing urban construction sector
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Advancements in Cold Planer Technology, and Increasing Investment in Road Maintenance
Restraint: High Equipment Costs
Opportunity: Embracing Automation in Cold Planer Operations and The Rise of Eco-Friendly Cold Planers
Challenge: Regulatory Restrictions and Environmental Concerns
Supply Chain Landscape
Raw Material Procurement
Caterpillar
Komatsu
Component Manufacturing
Wirtgen Group
Volvo Group
Cold Planer Assembly
RoadTec
BOMAG GmbH
Final Product Distribution
John Deere
Hitachi Construction Machinery
Raw Material Procurement
Caterpillar
Komatsu
Component Manufacturing
Wirtgen Group
Volvo Group
Cold Planer Assembly
RoadTec
BOMAG GmbH
Final Product Distribution
John Deere
Hitachi Construction Machinery