Motor Graders Market 2020 Global Size, Latest Innovations, Analysis, Top Leaders and Forecast 2025
The global motor graders market is anticipated to witness exponential growth owing to the growing mining industry and the increasing government support for construction activities. The construction equipment industry has witnessed tremendous growth in the past few years and will continue to grow in the coming years. The demand for construction equipment across the globe reflects broad macro-economic trends, including infrastructure developments in various industries, such as mining, agriculture, and many others.
However, the growth of the market might be hindered by high costs of equipment and maintenance and shortage of skilled labor.
In 2018, the global motor graders market was valued at ~USD 19,238.2 million; it is anticipated to witness ~5.30% CAGR during the forecast period.
Asia-Pacific is expected to witness the highest CAGR in the motor graders market during the forecast period: MRFR
On the basis of region, the global motor graders market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. In 2018, Asia-Pacific accounted for the largest market share, followed by North America and Europe. This can be attributed to the rising demand for private housing, infrastructure construction growth, and increasing privately funded projects in the region.
Rapid industrialization and urbanization in emerging economies, such as China, India, and Japan are expected to contribute significantly to the growth of market. Furthermore, Asia-Pacific is one of the key regions experiencing significant growth in the mining industry. Countries such as China, India, Australia, and Indonesia dominate the mining sector. These countries are also major producers of minerals and metals, such as gold, diamonds, base metals, coal, tungsten, tin, and platinum. In the last decade, Asia-Pacific has emerged as one of the highest consumers of metals, coal, and mineral, owing to the continuous growth in the economy of the region, which in turn, further drives the growth of motor graders market.
The global motor graders market has been segmented based on product type, capacity, application, and region. On the basis of product type, the global market has been segmented as rigid frame motor grader and articulated frame motor grader. The adoption of articulated frame motor grader in the construction industry is expected to gain momentum during the forecast period due to their versatility they usually have both front and rear axle, whereas rigid frame motor grader has single axle and are incapable of moving left or right.
Scope of the Report
This study provides an overview of the global motor graders market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global motor graders market by product type, capacity, application, and region.
- By Product type
- Rigid Frame Motor Grader
- Articulated Frame Motor Grader
- By Capacity
- Small Motor Graders (80 – 150 HP)
- Medium Motor Graders (150 – 300 HP)
- Large Motor Graders (Above 300 HP)