AutomotiveFEATURED

Motor Grader Market to Expand at a 5.6% CAGR, to Attain a USD 11.90 Billion Valuation by 2030

According to SNS Insider, Government efforts and financial commitments to enhance infrastructure are fueling the market demand for motor graders. This is especially pronounced in emerging regions where there is a rising demand for infrastructure development.

Motor Grader Market Size:

The Motor Grader Market, valued at approximately USD 7.02 billion in 2022, is anticipated to exhibit a CAGR of 5.6% between 2023 and 2030. This trajectory is expected to lead to a projected market size of USD 11.90 billion by 2030. The growing global demand for infrastructure development is fueling the requirement for motor graders in diverse construction tasks like road construction, site preparation, and landscaping.

Prominent Players in the Motor Grader Market:

  • Veekmas Oy
  • AB Volvo
  • Leeboy
  • Caterpillar Inc
  • Calder brothers Corporation
  • John Deere
  • CNH Industrial
  • Sany Group
  • Guangxi Liugong machinery
  • Komatsu

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Market Scope:        

The worldwide motor grader market is positioned for substantial expansion in the foreseeable future, propelled by a combination of factors such as the flourishing construction sector, continual infrastructure development, and escalating urbanization. The increasing need for reliable and long-lasting machinery for tasks like road maintenance, construction endeavors, and land development is steering the market’s course toward positive growth.        

Industry Analysis:              

The growing focus on eco-friendly construction methods is driving the acceptance of cutting-edge motor graders incorporating fuel-efficient features and emission-reducing technologies. The rising utilization of smart technologies like machine control and telematics is reshaping the motor grader sector, elevating efficiency, and laying the groundwork for autonomous functionality. With the increasing need for high-performance motor graders, industry participants are strategically aligning themselves to seize these prospects through innovative product offerings, strategic collaborations, and penetration into unexplored markets.

Segment Analysis:  

The motor grader industry is categorized based on type, application, and geographical location. Types include rigid frame motor graders, articulated frame motor graders, and hydraulic motor graders. Rigid frame motor graders are the predominant type, representing more than 70% of the market. In terms of applications, the market is divided into road construction, road maintenance, mining, agriculture, and landscaping. Road construction holds the largest share, constituting over 50% of the market.

By Product Type

  • Rigid frame
  • Articulated Frame

By Capacity

  • Small Motor Graders
  • Medium Motor Graders
  • High Motor Graders

By Application

  • Infrastructure
  • Construction
  • Minning
  • Oil
  • Others

Regional Analysis:

The Asia Pacific region dominates the automotive bumper market, securing more than 40% of the worldwide market share. This is attributed to the substantial concentration of automotive manufacturers in the area and the escalating demand for vehicles, particularly in nations like China and India. Following closely, Europe stands as the second-largest market for automotive bumpers, with North America trailing behind. Forecasts anticipate a Compound Annual Growth Rate (CAGR) of 3.54% in the European market between 2023 and 2028, fueled by the rising interest in electric vehicles.

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Key Takeaways:  

  • The current market scenario reflects a notable shift towards cutting-edge technologies, as the incorporation of GPS and telematics contributes to elevating precision and efficiency in grading operations.
  • Furthermore, there is an escalating commitment to environmental sustainability, as manufacturers unveil models designed for energy efficiency and eco-friendliness. The market dynamics are in a state of flux, characterized by heightened competition that urges manufacturers to prioritize product innovation and customization, aligning with the varied demands of customers.

Recent Industry Development:     

John Deere:

  • Advanced Telematics Solution: JDLink Ultimate offers real-time machine data and valuable insights for efficient fleet management and enhanced productivity.

Komatsu:

  • Intelligent Telematics Solution: KOMTRAX delivers comprehensive machine data and insights, empowering effective fleet management and streamlined maintenance planning.

Table of Contents:

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Motor Grader Market, By Product Type
8.1 Rigid frame
8.2 Articulated Frame

9. Motor Grader Market, By Capacity
9.1 Small Motor Graders
9.2 Medium Motor Graders
9.3 High Motor Graders

10. Motor Grader Market, By Application
10.1 Infrastructure
10.2 Construction
10.3 Minning
10.4 Oil
10.5 Others

11.Regional Analysis

Read More…!

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About Us:

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