Motor Graders Market Growth Rate, Trends, Analysis, Future scope, Size, Share, Forecast to 2023

12/dic/2019 11:05:29 Automotive Market Research Reports Contatta l'autore

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As per the report of Market Research Future (MRFR), the Global Motor Graders Market is poised to register a market valuation of nearly USD 19,238.2 million by 2023, at a substantial 8.23% CAGR over the review period (2018-2023).

 

Global Motor Graders Market Research Report, Information: by Product Type (5.2   Rigid Frame Motor Grader and Articulated Frame Motor Grader), Capacity (Small Motor Graders (80 – 150 HP), Medium Motor Graders (150 – 300 HP), Large Motor Graders (Above 300 HP), Application (Construction, Mining, Forestry & Agriculture and others), Region (North America, Europe, Asia-Pacific, Rest of the World) - Forecast till 2025

Market Highlights

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.  

Key Players

The prominent players operating in the global motor graders market are J.C. Bamford Excavators Limited (UK)Caterpillar Inc. (US), Sinomach-HI (Luoyang) Co., Ltd. (Japan), Deere & Company (US), Sany Group (China), Terex corporation (US), Mahindra & Mahindra Ltd. (US), Komatsu Ltd (Japan), Hitachi Construction Machinery Co., Ltd (Japan), and AB Volvo (Sweden).

Global Motor Graders Market: Segmentation

The global motor graders market has been segmented based on product type, capacity, and application. On the basis of product type, the market has been classified into rigid frame motor grader and articulated frame motor grader. The articulated frame motor grader segment held the largest market share of the global motor graders market in 2018; it is expected to witness the highest CAGR during the forecast period. Such motor graders usually have both the front and the rare axle and the motor grader blade located somewhere between the two axles. They are usually used in small places where there is very less space available to move and turning.

On the basis of capacity, the market has been classified into small motor graders (80 – 150 HP), medium motor graders (150 – 300 HP), and large motor graders (Above 300 HP). The small motor graders are ideal for landscaping works, road maintenance, and other work that need to be completed in small spaces. Large motor graders can be used for relatively larger and broader roads, such as the state and national highways.

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.

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.



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