The new report by Expert Market Research titled, ‘Global Motor Graders Market Report and Forecast 2023-2028’, gives an in-depth analysis of the global motor graders market growth, assessing the market based on its segments like types, capacities, applications, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5%
The rising application of motor graders in the construction industry for levelling and maintenance of roads, and for shifting small amounts of dirt is driving the motor graders market. Over the forecast period, the ambitious development plans of governments aimed towards bolstering the infrastructure in rural and urban areas are anticipated to propel the demand for motor graders.
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Moreover, motor graders are useful at the time of natural calamities or man-made disasters owing to their ability to remove debris efficiently. This is likely to be a major augmenting factor of the market.
Geographically, the Asia Pacific accounts for a significant share in the motor graders market owing to the strong foothold of major manufacturers in the region.
Motor Graders Industry Definition and Major Segments
A motor grader, also known as a road grader, is a self-propelled machine which consists of a long adjustable blade. These blades are used for levelling the surface for fine tolerance. Motor grades have their own motive power and are fitted with pneumatic tyres. The major uses of this machine are to construct roads and to carry out mining activities.
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On the basis of type, the market can be segmented into:
• Rigid Frame
• Articulated Frame
The market can be broadly categorised on the basis of capacity into:
• Small Motor Graders (80 – 150 HP)
• Medium Motor Graders (150 – 300 HP)
• Large Motor Graders (Above 300 HP)
Based on application, the market can be segmented into:
On the basis of region, the market can be categories into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Motor Graders Market Trends
Motor graders are crucial for creating smooth and flat surfaces at mining sites. In this regard, the thriving mining industry, aimed towards amplifying the generation of electricity, and for the production of various consumer goods, is likely to be a key trend in the motor graders market.
Meanwhile, the increasing applications of motor graders, owing to the increasing demand for structures in the healthcare, hospitality, and government sector, among others, is anticipated to be another major trend in the market. Progressive product innovations by key market players aimed towards manufacturing motor graders with higher grading efficiency and accuracy are likely to provide impetus to the market in the coming years.
Key Market Players
The major players in the motor graders market are :
- SANY Group
- Deere & Company.
- Caterpillar Inc.
- Komatsu Ltd.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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