Global Motor Graders Market Report and Forecast 2024-2032

Global Motor Graders Market Outlook

The global motor graders industry reached a value of about USD 474.63 billion in 2023. The industry is further expected to grow at a CAGR of about 5.2% in the forecast period of 2024-2032 to reach a value of around USD 745.09 billion by 2032.

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Asia Pacific to Significantly Boost the Motor Graders Market

Asia Pacific is one of the fastest growing regions for the motor graders market, as countries such as China, India and Japan are home to some of the world's leading manufacturers of motor graders. Rising disposable incomes in North America and Europe are boosting demand for construction activities in these areas, which is expected to increase overall construction vehicle production. Increased customer inclination towards reliable, profitable, and environmentally friendly technology and never-ending demand for construction projects would also drive the market for motor graders in both developed and developing countries.

Motor Graders: Market Segmentation

A motor grader, also known as graders or road graders, is usually a construction vehicle machine fitted with a long blade used to build flat surfaces during the grading process. Normally, the motor graders have three axles—the driver's cab and the engine are situated above the rear axles and the third axle is located on the front side of the vehicle. In addition, the blade used for the surface flattening process is positioned between the front and rear axles. In general, motor graders are being used to finish or refine the grading process.

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Based on type, the motor grader industry can be divided into the following:

• Rigid Frame
• Articulated Frame

The capacity of the motor graders can be categorised as follows:

• Small Motor Graders (80 – 150 HP)
• Medium Motor Graders (150 – 300 HP)
• Large Motor Graders (Above 300 HP)

Motor graders find applications in the following sectors:

• Mining
• Construction
• Agriculture
• Others

The regional markets for motor graders can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Thriving Construction Industry Bolstering the Market Growth

The expansion of the construction industry is driven primarily by the production of large-scale infrastructure projects on the global market and is driven by strong economic growth. Construction vehicles are the most common transport equipment in the construction industry and help to make certain activities, including unloading, loading and transport, easier. Rapid growth of the construction industry throughout the globe is expected to be one of the most significant drivers of the motor graders market. Apart from construction, rising urbanisation, rising technological advancements, and the growing disposable incomes of the consumers is also responsible for the growth of the industry.

Key Industry Players in the Global Motor Graders Market

The report gives a detailed analysis of the following key players in the global motor graders market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• SANY Group
• Deere & Company.
• Caterpillar Inc.
• Komatsu Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report