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The motor graders market size is forecast to increase by USD 449.9 million at a CAGR of 1.75% between 2023 and 2028. The market, specifically motor graders, experiences significant fluctuations due to various factors. The demand for motor graders is driven by the need for maintaining flat and smooth earth surfaces in construction projects and infrastructure development. However, economic situations and uncertainty in the construction industry have led to employee lay-offs and decreased demand for new equipment purchases. To mitigate these challenges, motor grader manufacturers focus on operational benefits, such as energy efficiency and engine capacity, to attract buyers. Additionally, the flexibility of motor graders to adapt to various terrain types and their ability to be repaired and rebuilt makes them a valuable investment for contractors.
The market is a significant segment of the heavy construction equipment industry, playing a crucial role in the preparation of earth surfaces for various infrastructure projects. This market has been witnessing several trends and opportunities due to the evolving economic situations and advancements in technology. Accuracy is a critical factor in the grading process for ensuring the optimal quality of infrastructural surfaces. Advancements in grader technology have led to improvements in blade length and blade lengths, enabling better control and precision in grading tasks. These advancements have been particularly beneficial for the construction sector, where the demand for high-quality surfaces is increasing.
Furthermore, Bitumen roads and highways are essential infrastructures that require regular maintenance and upkeep. Earthmoving equipment, including graders, plays a vital role in maintaining the smoothness and stability of these surfaces. Graders are used to level and shape the earth's surface, ensuring a proper base for the application of bitumen and other surfacing materials. Dust control systems have become essential for graders operating in arid regions or on dusty construction sites. These systems help minimize the amount of dust generated during grading operations, reducing the environmental impact and improving employee safety. Economic situations can significantly impact the market.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The MS motor graders segment is estimated to witness significant growth during the forecast period. Motor graders, also known as heavy construction grading equipment, play a crucial role in the grading process during heavy infrastructure projects in the United States. These large machines, which range from 150-175 horsepower and weigh between approximately 30,000 and 36,000 lbs, are essential for creating and maintaining the infrastructure surface. Various motor grader models, such as the Case 865, Caterpillar 140H or 143H, John Deere 670 or 672, Volvo 710 or 720, and Komatsu GD655 Laterra, are used for tasks including fine grading and those requiring increased power, such as spreading stone for a road base or digging ditches alongside roads.
Furthermore, the front axle of a motor grader should typically carry about 30% of the machine's weight, with the rear tandems bearing the remaining 70%, regardless of the size of the motor grader. These machines are indispensable tools for heavy equipment contractors working on infrastructure plans.
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The MS motor graders segment was valued at USD 2.07 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In the global market for motor graders, the Asia Pacific region holds the largest market share. This can be attributed to the rise in infrastructure and residential construction projects in the area. The population growth in APAC has resulted in a significant demand for new housing units. An articulated frame is often used in construction equipment to improve maneuverability on construction site, particularly when navigating rough terrain like gravel and dirt roads, ensuring better performance and stability on challenging infrastructural surface. Moreover, the increasing population density in urban areas and growing carbon footprint have necessitated the development of smart and sustainable infrastructure. Consequently, several enterprises in APAC are investing in the construction of residential buildings.
Furthermore, the need for a smooth surface for efficient transportation and a solid soil foundation for structures has increased the demand for motor graders in APAC. Additionally, the use of motor graders in maintaining roads during snowy conditions has further boosted their demand. Motor graders are essential machines for creating and maintaining smooth road surfaces, making them indispensable for urbanization and infrastructure development projects.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Operational benefits of motor graders is the key driver of the market. Motor graders play a crucial role in various sectors, including construction and mining, due to their ability to execute numerous tasks with precision. These tasks encompass leveling the ground, creating smooth surfaces, fine grading, and setting native soil foundation pads. In the realm of construction and mining, motor graders offer versatility by performing duties such as soil setting, earth moving, scarifying, land grading, leveling soil or land, and mixing materials.
Furthermore, motor graders are equipped with various attachments, like rippers and dozers, to cater to diverse requirements. Rippers facilitate the cutting of hard, compact, or frozen earth to soften soil, which can be challenging. With their high accuracy and capacity, motor graders are indispensable assets for ensuring the success of projects.
Repair and rebuilding of motor graders is gaining momentum in the upcoming trend in the market. Motor graders play a crucial role in maintaining a flat and smooth Earth surface for various infrastructure projects. However, economic situations may necessitate cost-effective solutions for maintaining these earthmoving machines. While purchasing new motor graders may seem like an initial solution, the high cost of buying new equipment and the subsequent investment make this option less attractive. Instead, the trend of repairing and rebuilding motor graders is on the rise. This process involves identifying and addressing parts or components that have worn out or are damaged. Rebuilding motor graders offers several advantages, including energy efficiency and flexibility in engine capacity.
Moreover, repairing motor graders is a cost-effective alternative to purchasing new equipment. It saves significant resources and reduces the need for employee lay-offs during economic downturns. The process of repairing and rebuilding motor graders is a rapid one, and it ensures that the equipment remains functional and productive. In conclusion, repairing and rebuilding motor graders is a smart investment for businesses looking to maintain their earthmoving equipment while minimizing costs. It offers the added benefits of energy efficiency, flexibility, and a quick turnaround time. By focusing on repairs and rebuilding, businesses can ensure that their motor graders remain in top condition, enabling them to continue delivering high-quality results on their projects.
Uncertainty in the construction industry is a key challenge affecting the market growth. Construction companies in the United States have seen a decrease in capital expenditures (CAPEX) due to the decline in commodity prices and the impact of the COVID-19 pandemic on the construction sector. The pandemic led to a significant reduction in demand for residential and commercial facilities such as houses, hotels, and business parks, causing construction companies to scale back on new projects. Moreover, operational costs related to construction activities, including labor, energy, and equipment, have risen significantly. These factors have negatively affected the revenues and profits of construction companies, making it essential for them to manage their cash reserves carefully.
However, to mitigate the high operational costs, construction companies are investing in advanced cleaning systems and dust control systems for their construction sites. These systems help reduce operational costs by minimizing the need for frequent cleaning and maintenance of construction equipment, such as dump trucks, and improving overall efficiency. In conclusion, the construction industry in the US is facing challenges due to declining commodity prices, increased operational costs, and the impact of the COVID-19 pandemic on demand. To remain profitable, construction companies are focusing on cost-saving measures such as investing in advanced cleaning and dust control systems for their construction sites.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AB Volvo - The company offers motor graders through its G series.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Motor graders play a crucial role in the construction sector by ensuring accuracy in creating and maintaining flat, smooth surfaces for various applications such as bitumen roads, infrastructural surfaces, and mining sites. These heavy equipment machines come in different product types, including large motor graders and medium motor graders, with articulated frames or rigid frames. The blade length varies from small to large, allowing flexibility in use for different construction sites. The grading process involves leveling the earth's surface, which is essential for the success of any construction project. Motor graders are energy-efficient, with high engine capacity, making them an ideal choice for heavy construction equipment applications.
Furthermore, the construction sector's economic situations, such as cash reserves and employee lay-offs, impact the demand for motor graders. Motivated by the need for productivity and efficiency, manufacturers continue to upgrade motor grader products. Dust control systems and oil & gas sites' specifications are essential considerations in motor grader design. In urbanization, motor graders are used for cleaning and maintaining roads, while in mining operations, they assist in creating smooth surfaces for heavy machinery movement. Maintenance is a critical factor in ensuring the longevity of motor graders. Rental services offer a cost-effective solution for construction sites with temporary grading needs.
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Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 1.75% |
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Market Growth 2024-2028 |
USD 449.9 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
1.71 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 33% |
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Key countries |
China, US, India, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AB Volvo, Action Construction Equipment Ltd., BEML Ltd., Caterpillar Inc., China National Machinery Industry Corp. Ltd., CNH Industrial NV, Deere and Co., Guangxi Liugong Machinery Co. Ltd., Hidromek Hidrolik ve Mekanik Makina Imalat Sanayi ve Ticaret A.S., J C Bamford Excavators Ltd., Komatsu Ltd., Mahindra and Mahindra Ltd., Sany Group, Shandong Heavy Industry Group Co. Ltd., Singapore Technologies Engineering Ltd., Terex Corp., Veekmas Oy, Xuzhou Construction Machinery Group Co. Ltd., Xiamen Topway Machinery Co. Ltd., and Xiamen XGMA Machinery Co. Ltd. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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