The global road reclaimer market size is expected to reach USD 776.26 million by 2032, according to a new study by Polaris Market Research. The report “Road Reclaimer Market Share, Size, Trends, Industry Analysis Report, By Capacity (Less than 10 Tons, 10-20 Tons, 20-30 Tons, and Above 30 Tons); By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Demand for road reclamation is increasing as a result of growing government initiatives to fix damaged roads. For instance, in November 2022, as per the Tamilnadu Government announcement, to repair damaged roads in urban local bodies throughout the State, the municipal administration and water supply department has set aside a special amount of INR 2,200 crore. Additionally, it was announced that 16,390 kilometers of roads would be upgraded for INR 7,338 crores by integrating Singara Chennai 2.0 and other projects.
In addition, in July 2022, Delhi Government announced that every Saturday, departments will be responsible for maintaining the roads in their respective locations under the government's weekly action strategy to enhance the quality of city roadways. The Delhi government requested the relevant departments to choose one street per zone/division each weekend for maintenance, repairs, and rejuvenation to make the roads in the capital safer as well as free of potholes, as well as fix crumbling footpaths and stretches.
Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/road-reclaimer-market/request-for-sample
Furthermore, the rise in spending on infrastructure and the rapid expansion of the construction sector is boosting the demand for road reclaimers. For instance, as per the IBEF, India pledged to invest around USD 1.4 trillion infrastructure-related projects between 2019-23, to achieve sustainable development goals. Given that road recycling is an expanding trend in the construction industry, road reclamation is swiftly evolving into essential pieces of equipment for constructing new roads.
Also, nearly 25 million kilometers of new roads are expected to have been constructed worldwide by the year 2050, with the majority of these roads being constructed in developing countries. By the end of 2040, there's going to be an upsurge in migration from rural areas of more than 45 percent, according to Global Infrastructure Hub Australia, creating a large requirement for infrastructure assistance. Therefore, the government’s rapidly rising infrastructure investment in the construction industry for the development of new roads as well as the repair and maintenance of old road rules issued is boosting the demand for road reclaimers that is driving the growth of the market rapidly.
Road Reclaimer Market Report Highlights
Polaris Market Research has segmented the road reclaimer market report based on capacity, application, and region:
Road Reclaimer, Capacity Outlook (Revenue - USD Million, 2019 - 2032)
Road Reclaimer, Application Outlook (Revenue - USD Million, 2019 - 2032)
Road Reclaimer, Regional Outlook (Revenue - USD Million, 2019 - 2032)