Dublin, May 22, 2023 (GLOBE NEWSWIRE) -- The "Motor Grader Market by Product Type, Capacity, Application: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The motor grader market was valued at $6.75 billion in 2021 and is projected to reach $12.1 billion by 2031, registering a CAGR of 5.9% from 2022 to 2031.
Key Market Players
- Deere & Company
- AB Volvo
- Calder Brothers Corporation
- Sany Group Co Ltd,
- Guangxi Liugong Machinery Co., Ltd.
- Veekmas Oy
- Caterpillar Inc.
- CNH Industrial N.V,
- leeboy
- KOMATSU Ltd
The motor graders are also considered to be road graders or simply graders are a type of earthmoving equipment which is required for levelling and maintenance of road surface. It can be utilized for levelling and maintenance of construction sites, roads and even for levelling foundation surface of residential, commercial, and industrial buildings.
There is a rapid increase in building and mining operations in emerging economies of Latin America and Africa. The government of U.S. has invested heavily in the development of highways, railway tracks, airports, and other infrastructure, necessitating the use of excavators, loaders, and other heavy equipment.
For instance, U.S. president Trump announced a $2 trillion infrastructure plan in March 2021, which covers roads, telecommunications, electric grid, and residential & commercial buildings. In addition, there is an increase in the demand for industrialization, residential, and commercial infrastructure setup along with the growth in public private partnerships in different countries such as India, Africa, and China. Thus, all such factors are expected to drive the growth of the motor graders market.
Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of the market. For instance, in October 2022, Caterpillar launched new series of third generation motor graders which features more than 30 % higher power, 13% more weight and a longer rebuild life than previous generations. It also offers the 8.5 m (28 ft) moldboard option and will soon feature a high-performance circle design for further improved reliability. This aims in improving the product portfolio.
However, construction, manufacturing, hotel, and tourism industries were majorly affected, during the outbreak of the COVID-19 pandemic. Manufacturing activities were halted or restricted. This led to decline in manufacturing of various equipment as well as their demand in the market, thereby restraining the growth of the market. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of companies at their full-scale capacities, that helped the market to recover by the end of 2021.
On the contrary, manufacturers are designing innovative equipment that is both cost-effective and long-lasting which is expected to create lucrative opportunities for the market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the motor grader market analysis from 2021 to 2031 to identify the prevailing motor grader market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the motor grader market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global motor grader market trends, key players, market segments, application areas, and market growth strategies.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 220 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value (USD) in 2021 | $6.75 billion |
| Forecasted Market Value (USD) by 2031 | $12.1 billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Rise in construction & infrastructure industry
- Growth in focus on Public-private partnerships (PPP)
- Rental Services
Restraints
- Strict government regulations
- Carbon Emission
Opportunities
- Technological Innovations
Key Market Segments
By Product Type
- Rigid Frame
- Articulated Frame
By Capacity
- Small Motor Graders
- Medium Motor Graders
- High Motor Graders
By Application
- Infrastructure
- Construction
- Mining
- Oil and Gas
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
For more information about this report visit https://www.researchandmarkets.com/r/5anoha
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