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Global Motor Graders Market Research Report - Forecast till 2026
Global Motor Graders Market is anticipated to exhibit a significant CAGR of 4.59% during the review period. The rising construction activities, increasing adoption of motor graders in the mining and construction industries, and the increasing demand for rental and used construction equipment are expected to enhance the market growth. The growth for motor graders is driven by the proliferating construction activities, rising investments for urban transportation, and growing rental business during the review period.
Global Motor Graders Market is anticipated to register a healthy market growth during the assessment period owing to the growth in the construction industry, particularly in Asia-Pacific and Europe. Global Motor Graders Market comprises many global and regional players. Many major market players are adopting several strategies such as mergers & acquisitions, product development, partnerships, and expansions to expand their market share and strengthen their global market position. Furthermore, High competition, constant technology changes, and integrated solutions by industry participants are expected to propel the market growth during the forecast period. However, the lack of skilled labor and slow growth of the construction sector is expected to hinder the growth of the global motor graders market during the review period.
Market Segmentation
The global motor graders market has been classified into product, power, application, and region.
In terms of product segment, the motor graders market has been segmented into rigid frame motor graders and articulated frame motor graders. In 2019, the articulated frame motor graders segment accounted for the larger market share of 62.43%.
In terms of power, the global market has been classified into 75–100 HP, 101–150 HP, 151–250 HP, and above 250 HP. In 2019, the 75–100 HP segment accounted for the largest market share of 38.89%.
By application type, the global motor graders market has been classified into construction, mining, forestry & agriculture, and others.
Regional Analysis
Geographically, the motor graders market has been spread across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Asia-Pacific is likely to drive the largest market of the global motor graders market owing to the 41.8% market share in 2019. The regional market growth is attributed to the growing construction activities in the emerging countries China, India, Vietnam, and Australia. Additionally, the dynamic growth of the construction equipment market in India can be largely driven by the increased infrastructural investments by governments and the rise in public-private partnership projects.
Motor graders are used for paving surfaces; hence, the refurbishment and renovation of old buildings have increased the investments in the construction industry, fuelling the growth of the motor graders market. Furthermore, Rapid urbanization, increasing investments in real estate, and increased government and consumer spending are estimated to double the size of the ASEAN economies in the next 10–15 years, which will enhance the growth of the building & construction industry in the region.
Major Players
The major players of the global motor graders market include CNH Industrial N.V. (UK), Deere & Company (US), Mahindra & Mahindra Ltd (India), VEEKMAS OY, and China National Machinery Industry Corporation Ltd (China).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Market Overview
Global Motor Graders Market is anticipated to exhibit a significant CAGR of 4.59% during the review period. The rising construction activities, increasing adoption of motor graders in the mining and construction industries, and the increasing demand for rental and used construction equipment are expected to enhance the market growth. The growth for motor graders is driven by the proliferating construction activities, rising investments for urban transportation, and growing rental business during the review period.
Global Motor Graders Market is anticipated to register a healthy market growth during the assessment period owing to the growth in the construction industry, particularly in Asia-Pacific and Europe. Global Motor Graders Market comprises many global and regional players. Many major market players are adopting several strategies such as mergers & acquisitions, product development, partnerships, and expansions to expand their market share and strengthen their global market position. Furthermore, High competition, constant technology changes, and integrated solutions by industry participants are expected to propel the market growth during the forecast period. However, the lack of skilled labor and slow growth of the construction sector is expected to hinder the growth of the global motor graders market during the review period.
Market Segmentation
The global motor graders market has been classified into product, power, application, and region.
In terms of product segment, the motor graders market has been segmented into rigid frame motor graders and articulated frame motor graders. In 2019, the articulated frame motor graders segment accounted for the larger market share of 62.43%.
In terms of power, the global market has been classified into 75–100 HP, 101–150 HP, 151–250 HP, and above 250 HP. In 2019, the 75–100 HP segment accounted for the largest market share of 38.89%.
By application type, the global motor graders market has been classified into construction, mining, forestry & agriculture, and others.
Regional Analysis
Geographically, the motor graders market has been spread across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Asia-Pacific is likely to drive the largest market of the global motor graders market owing to the 41.8% market share in 2019. The regional market growth is attributed to the growing construction activities in the emerging countries China, India, Vietnam, and Australia. Additionally, the dynamic growth of the construction equipment market in India can be largely driven by the increased infrastructural investments by governments and the rise in public-private partnership projects.
Motor graders are used for paving surfaces; hence, the refurbishment and renovation of old buildings have increased the investments in the construction industry, fuelling the growth of the motor graders market. Furthermore, Rapid urbanization, increasing investments in real estate, and increased government and consumer spending are estimated to double the size of the ASEAN economies in the next 10–15 years, which will enhance the growth of the building & construction industry in the region.
Major Players
The major players of the global motor graders market include CNH Industrial N.V. (UK), Deere & Company (US), Mahindra & Mahindra Ltd (India), VEEKMAS OY, and China National Machinery Industry Corporation Ltd (China).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
