ID: MRFR/CO/6794-CR | March 2021 | Region: Global | 147 pages
The Motor Graders Market is been calculated after reaching the value of USD 2.8 billion in the year 2020, and it is also estimated to calculate the value of USD 5.8 billion by the year 2026. Additionally, it is also valued that it can reach a CAGR of the value 3.5% during the Motor Graders Market Forecast period from the year 2020-to 2026.
The demand to increase the construction and mining sectors in many regions across the globe is one of the main driving forces which positively impacts the growth of the Motor Graders Market. The usage of the small graders are been very much useful when compared to the usage of the other graders because they can fit in the small space and also can complete any task even in a tight spacing environment.
As the spread of the pandemic caused tremendous changes in the growth of many industries and businesses. Many country governments have announced the lockdown so that they can reduce the spread of the virus. In addition to that, the spread of the pandemic also made all the industries and the construction sectors get halted. Due to this shutdown, there were several changes in the market.
Many constructional projects were shut down, which in turn brought drastic changes in the Motor Graders Market. Due to the loss in the construction sector, there was a tremendous loss in the Motor Graders Market. So the key players are suffering for the chance to get back to their position in the market.
In the post-pandemic situation, it is possible to get growth because of the urge to complete construction projects.
The usage of global motor graders is used in many sectors like they are used as the construction sectors, mining, and buildings. The increase in usage also boosts the growth of the Motor Graders Market Value. Then additionally. Usage of the motor graders helps reduce the cost of labour and also can improve fuel efficiency.
The additional benefits of using the motor grades can complete several tasks like ground levelling, soil levelling, making the surface smoother and also helping to move the dumps and dirt.
The usage of the Motor Graders Market products is been developing because of the growth of the large scale infrastructure projects across the globe. And this is also because of the government's interest in developing the economy by strengthening the country's infrastructure. The development of the infrastructural projects such as the construction of the light rail corridors, office buildings and shopping centres are the main reason for the growth opportunity of the Motor Graders Market Size.
Additionally, the increase in the rapid urbanisation and the rise in the population is also expected to increase the growth value of the Motor Graders Market Share.
The usage of the Motor Graders Market is been increasing in recent days because of the growth of the construction sectors and the rapid industrialisation is also one of the main reasons for the growth. But some restraining factors are impacting the growth of the Motor Graders Market negatively. Some restraining factors are the lack of knowledge about operating the graders. And also the shortage of knowledge about the development in the infrastructure of the motor graders.
The main challenge in developing the Motor Graders Market is the high-cost efficiency in buying the motor graders. As the people and the constructional sectors are preferring the rented products. Due to the high-cost efficiency of the products, so the manufacturing companies are struggling hard to increase their sale rate by developing their technologies.
Cumulative growth analysis
The overall growth of the Motor Graders Market Analysis is been increasing because of the rapid increase in urbanisation and the construction sector growth in many regions is also boosting the growth of the Motor Graders Market. Also, the usage of the Motor Graders Market products in many sectors like agriculture, mining, construction and forestry is one of the main reasons for the growth.
Value chain analysis
Though there is much development in the Motor Graders Market because of the usage of the graders in many sectors, there are also some restraining factors that hamper the growth. Some restraining factors are the growth of the rented materials have increased. Also due to the high-cost efficiency of the products the people are preferring to get the rented products is one of the main challenges which is faced by the Motor Graders Market manufacturing company.
Market segment overview
North America – US, Canada
Latin America – Mexico, Brazil, Peru, Chile and Others
Western Europe – Germany, UK, France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg
Eastern Europe – Poland, Russia
Asia Pacific – India, Japan, China, ASEAN, Australia, New Zealand
The Middle East and Africa – GCC, Southern Africa, North Africa
Due to the increase in the development of the construction and the industrial sectors the manufacturing companies are in need to increase their production rate. Due to the increase in the spread of the pandemic, there was a lack of raw materials for production. So the key players are getting back to their work once the pandemic gets reduced. After the spread of the pandemic, many key players are urged to make production seriously. Because there was a lack of the raw materials, labours. Due to this many small and the medium size companies have lost their market value. After the pandemic they are planning to get back to their value, they need to merge with the other key players in the market to get financial support and complete the project in the short span. In addition to this, the major key players are planning to expand their business region and also they are wishing to launch new products and gain market value.
Global Motor Graders Market, by Region, 2019
Source: MRFR Analysis
The region which is experiencing the Motor Graders Market Trends are regions like North America, Asia Pacific, Europe, The Middle East and Africa.
The dominating region in the Motor Graders Market in North America, because of the gradual growth in the economy and also due to the improvement in the technologies and infrastructure. These growths are happening in the countries of North America, they are the US, Mexico and Canada. In the future, it is expected that the growth of North America will be boosting the Market Growth.
The Asia Pacific region is also getting gradual growth in the last few years. This is because the rapid urbanisation and the government's investment to develop their region is one of the main reasons for the growth of the Motor Graders Market in the Asia Pacific region. It is believed that the Asia Pacific region will be getting the largest growth in the forecasting period in the Market.
Europe follows the Asia Pacific region, it is estimated that the growth will be steady and stable in the upcoming years in the Motor Graders Market.
These are the major key players in the Motor Graders Market.
|Market Size||2030: Significant Value|
|CAGR||4.59% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Power, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||CNH Industrial N.V. (UK), Deere & Company (US), Mahindra & Mahindra Ltd (India), VEEKMAS OY, and China National Machinery Industry Corporation Ltd (China) are some of the other key players operating in the global motor graders market. Caterpillar, AB Volvo, Deere & Company, CNH Industrial NV, Sany Group, and Komatsu Ltd|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Motor graders market is projected to grow at a 3.5% CAGR between 2020-2026.
The Asia Pacific region is expected to dominate the motor graders market.
The construction segment will lead the motor graders market.
High maintenance cost may limit the motor graders market growth.
Growing mining industry is a key factor that is driving the motor graders market.