Enjoy complimentary customisation on priority with our Enterprise License!
The Motor Graders Market is estimated to grow by USD 449.9 million, at a CAGR of 1.75% between 2023 and 2028. The expansion of the market hinges on various factors, notably the operational advantages offered by motor graders, technological innovations within the motor grader sector, and the increasing requirements from the construction industry. However, challenges arise from uncertainties prevailing in the construction sector, the rising trend of rented motor graders, and the shortage of proficient and certified operators. They play a crucial role in various sectors such as construction, mining, and road maintenance, efficiently executing tasks like grading, leveling, and earthmoving. Motor graders, in particular, are indispensable for achieving precise grades and smooth surfaces, thereby diminishing the necessity for rework and augmenting overall productivity. Moreover, their versatility and capability to navigate different types of terrain render them invaluable in a multitude of applications, further bolstering market expansion.
To learn more about this report, Download a FREE Report Sample
Get a glance at the market contribution of various market segments Request a PDF Sample
The MS motor graders segment was valued at USD 2.07 billion in 2018. Globally, rapid urbanization increases construction and infrastructure activities, thereby resulting in the development of highways, roads, and ports. This growth is also likely to be influenced by increased housing starts and a rise in infrastructure due to the growth of the global population. As a majority of these construction activities need MS motor graders, the demand is likely to 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 market trends and analysis and drivers that shape the market during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
Another region offering significant growth opportunities to companies is APAC. APAC constitutes the largest share of the global market. This is attributed to the rising infrastructural and residential construction activity in the region. The exponential population growth in APAC has led to an increase in demand for new residential houses. In addition, overpopulation in urban areas and increasing CO2 footprint in the region have increased the need for smart and sustainable infrastructure solutions. As a result, various enterprises in APAC are investing in the construction of residential buildings. Such new infrastructural development projects are likely to fuel the demand, which would subsequently drive the growth of the market in the region during the forecast period.
The market research report includes the adoption lifecycle of the market research and growth, 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 and forecasting strategies.
Market Customer Landscape
The operational benefits offered are pivotal in driving the growth of the market. These machines play a crucial role in various sectors, such as construction, mining, and road maintenance by efficiently performing tasks like grading, leveling, and earthmoving. Motor graders are essential for achieving precise grades and smooth surfaces, reducing the need for rework and enhancing overall productivity. Additionally, their versatility and ability to handle different types of terrain make them indispensable in various applications, further contributing to market growth.
Furthermore, advancements in technology, such as those introduced by companies which, have significantly enhanced the efficiency and accuracy of motor graders, making them even more attractive to industries seeking improved performance and cost-effectiveness. As infrastructure development projects continue to proliferate globally and the demand for efficient earthmoving equipment rises, the market is expected to witness sustained growth driven by their operational benefits and technological advancements. Hence, such factors are driving the market growth and trends during the forecast period.
The integration of IoT and analytics in the construction industry is the primary trend for market growth. The applications of IoT are limited in the construction business. The growing trend of the IoT will have sensors connected to all construction equipment. This integration of IoT will make construction sites as efficient as factory floors. These sensors will help to capture data for all activities. Data analytics has made decision-making easy. Microsoft Business Intelligence is a good example of how data analytics is commonly available. Companies can use this tool to represent their data sets as visualizations, stories, and reports. In the construction industry, data analytics will increase the efficiencies of operations in companies.
Artificial learning is increasingly being adopted in the construction industry. The ability of computers to learn and detect patterns is growing. Machine learning has an impact on construction project planning, fleet management, and structural damage assessment. R&D will make AI as easy to use as an iPhone. Therefore, the introduction of IoT and analytics in the construction industry is expected to increase the efficiency and productivity of work. Therefore, during the forecast period, an increasing number of companies are estimated to use robots in the manufacturing process. Hence, such factors are driving the market during the forecast period.
The uncertainty in the construction industry will be a major challenge impeding the market growth. Major construction companies have reduced their investments in new projects due to declining commodity prices. The COVID-19 pandemic resulted in a considerable decline in demand for house and commercial facilities such as hotels, lodges, and business parks, which led to a decrease in CAPEX by the construction company.
Furthermore, the slowdown in construction activity in H1 2020 drastically increased the price of construction materials. In addition, operational costs related to construction activities, such as labor, energy, and equipment, have increased drastically. This resulted in reduced revenues and profits for construction companies. The high operation cost has drastically impacted the profitability of construction companies. All these factors are expected to negatively impact the growth of the global market during the forecast period.
Market players 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 report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:
The report offers clients a deeper understanding of the market and its players through a combined qualitative and quantitative analysis of the vendors. The analysis classifies vendors into categories based on their business approach, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak to understand the dos and don'ts of business, which in turn can help a client make the best decision.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 1.75% |
Market Growth 2024-2028 |
USD 449.9 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
1.71 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 33% |
Key countries |
China, US, India, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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. |
Market dynamics |
Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our market analysis and report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
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
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.