IMARC Group, a leading market research company, has recently releases report titled “Motor Grader Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global motor grader market trends, size, share, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the motor grader market?
The global motor grader market size reached US$ 6.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.95% during 2024-2032.
A motor grader is a heavy construction machine used for leveling, grading, and maintaining surfaces such as roads, highways, and construction sites. Also known as a road grader or grader, it features a long blade positioned between the front and rear axles that can be adjusted to various angles and heights. Motor graders are equipped with precise controls to manipulate the blade, allowing operators to cut, fill, and shape the terrain, creating smooth and even surfaces. These machines are essential for tasks like road construction, maintenance, and earthmoving projects, contributing to improved road quality, proper drainage, and enhanced safety on transportation networks.
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What are the growth prospects and trends in the motor grader industry?
The expansion of transportation systems, including new road projects and highway extensions, necessitates motor graders for land leveling, grading, and surface preparation, which represents one of the key factors driving the growth of the market across the globe. Aging road networks require consistent maintenance and upgrades to ensure safety and efficiency which is boosting the growth of the market. Motor graders are essential for repairing potholes, reshaping road surfaces, and ensuring proper drainage, which is driving their demand in road maintenance activities, thus fueling the growth of the market. The market is also driven by the rising use of motor graders in construction and mining industries to prepare construction sites, level surfaces, and create proper gradients for foundations, roads, and mining operations. Modern motor graders are equipped with advanced technologies, including GPS-based control systems and automated grade control which is propelling the growth of the market. These innovations improve precision, reduce operator error, and enhance efficiency, which is making motor graders more attractive to buyers, thus contributing to the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market 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 Application:
- Mining
- Construction
- Agriculture
- Others
Market 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
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
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