Motor Grader Market Share, Trends, Growth, Demand and Analysis by 2028
IMARC Group, a leading market research company, has recently releases report titled “Motor Grader Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global motor grader market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the motor grader market?
The global motor
grader market size reached US$ 6.53 Billion in 2022. Looking forward, IMARC
Group expects the market to reach US$ 9.08 Billion by 2028, exhibiting a growth
rate (CAGR) of 5.5% during 2023-2028.
What is motor grader?
A
motor grader, sometimes referred to as a road grader, constitutes a robust
construction apparatus utilized for establishing a seamless and even terrain.
Outfitted with an elongated blade situated between its front and rear wheels,
it finds application in the precision grading and leveling of surfaces,
including soil, gravel, and asphalt, during road development and upkeep
projects. Operators have the capacity to fine-tune the blade's inclination,
tilt, and elevation, thereby regulating both the depth and angle of the
excavation. Motor graders are also used for fine grading, snow removal, and in
some cases, ditching and trenching. Their versatility and precision make them
essential in various construction tasks, particularly in the creation of
foundations for roads, highways, and other paved surfaces.
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What are the growth
prospects and trends in the motor grader industry?
The
expansion of infrastructure endeavors, encompassing roads, highways, and
airports, stands as a pivotal force propelling the global market's advancement.
This surge is principally driven by the escalating demand for motor graders in
tasks related to surface refinement and leveling, thus catalyzing market
expansion. Concurrently, governments across multiple geographical realms are
channeling their efforts towards enhancing public infrastructure and investing
in construction undertakings, thereby amplifying the requisition for motor
graders.
Furthermore,
breakthroughs in motor grader design, incorporating elements like automation
and GPS-guided systems, are amplifying operational efficiency and precision,
consequently energizing the market's growth trajectory.
Rapid
urbanization in emerging economies necessitates the construction and expansion
of road networks, which is fueling the growth of the market. The rising need to
replace outdated equipment and the growth of equipment rental services which is
impacting the market dynamics positively. Other factors, such as climate
considerations, regulatory compliance, supply chain factors, financing options,
and market penetration in developing regions, are creating a positive outlook
for the market across the globe.
Who are the key
players operating in the industry?
The report covers
the major market players including:
- AB Volvo
- Caterpillar Inc.
- China National Machinery Industry
Corporation
- CNH Industrial N.V.
- Deere & Company
- Guangxi LiuGong Machinery Co.
Ltd.
- Komatsu Ltd.
- LeeBoy (ST Engineering Group)
- Mahindra & Mahindra Ltd.
- Sany Heavy Industry Co. Ltd.
- Veekmas Oy
What is included in
market segmentation?
The report has
segmented the market into the following categories:
Breakup by Product
Type:
·
Rigid Frame
·
Articulated Frame
Breakup by Capacity:
·
Small Motor Graders (80-150 HP)
·
Medium Motor Graders (150-300 HP)
·
Large Motor Graders (Above 300 HP)
Breakup by Region:
- North America (United States,
Canada)
- Asia Pacific (China, Japan,
India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United
Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico,
Others)
- Middle East and Africa
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Key Highlights of
the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success
Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the
competitive landscape
If you require any specific
information that is not covered currently within the scope of the report, we
will provide the same as a part of the customization.
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