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Motor Graders Market by Product, End-user and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 166
  • SKU: IRTNTR46623
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The motor graders market is estimated to grow at a CAGR of 3.57% between 2022 and 2027. The size of the market is forecast to increase by USD 935.53 million. The growth of the market depends on serval factors, including operational benefits of motor graders, technological advances in motor graders, and growing demand from the construction industry.

This report extensively covers market segmentation by product (MS motor graders, IS motor graders, and SS motor graders), end-user (construction, mining, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Motor Graders Market During the Forecast Period?

Motor Graders Market Size

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Parent Market Analysis

Technavio categorizes the global motor graders market as a part of the global construction machinery and heavy trucks market within the global capital goods market. The construction machinery and heavy trucks market covers a variety of product categories, including heavy-duty trucks, heavy earthmoving equipment, compact earthmoving equipment, road construction and compaction equipment, crushing and screening equipment, concrete equipment, civil engineering equipment, lifting equipment, and other related equipment. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Motor Graders Market: Key Drivers, Trends, Challenges, and Customer Landscape

The operational benefits of motor graders are notably driving the market growth, although factors such as uncertainty in the construction industry may impede the market growth. Our researchers analyzed the data with 2022 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.

Key Motor Graders Market Driver

The operational benefits of motor graders are notably driving the motor graders' market growth. The operational benefit of motor graders makes it one of the most important pieces of equipment found at buildings, road construction, and mining sites. In construction and mining sites, this equipment can perform tasks such as setting soil, earth moving, scarifying, land grading, leveling soil or land, and mixing materials. Motor graders have various attachments, such as rippers and dozers.

Rippers are used to cut hard, compact, or frozen dirt to loosen soil, which can be challenging. Rippers increase productivity. Dozers help with spreading applications. With advanced technology, motor graders can achieve the grade easily and effectively, which reduces the need for rework and improves productivity. The above-mentioned operational benefits make motor graders a commonly used equipment. 

Key Motor Graders Market Trend

The integration of IoT and analytics in the construction industry is the primary trend for the motor graders market growth.  The applications of IoT is 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 and D will make AI as easy to use as an iPhone. Therefore, the introduction of the 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 motor-graders companies are estimated to use robots in the manufacturing process.

Key Motor Graders Market Challenge

The uncertainty in the construction industry will be a major challenge impeding the motor graders 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 motor graders market during the forecast period.

Key Motor Graders Market Customer Landscape

The 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 growth strategies.

Motor Graders Market Share by Geography

Global Motor Graders Market Customer Landscape

Who are the Major Motor Graders Market Vendors?

Vendors 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.

ace-cranes.com - The company offers water-cooled oxygen lances, carbon, and lime injection lances, oxy gas burners, and lances. Also, The company offers a wide range of products such as blast furnaces, oxygen furnaces, electric arc furnaces, and many others.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • AB Volvo
  • BEML Ltd.
  • Caterpillar Inc.
  • China National Machinery Industry Corp. Ltd.
  • CNH Industrial NV
  • Deere and Co.
  • Guangxi LiuGong Machinery Co. Ltd.
  • Hidromek
  • J C Bamford Excavators Ltd.
  • Komatsu Mining Corp.
  • Mahindra and Mahindra Ltd.
  • SANY Group
  • Shandong Heavy Industry Group Co. Ltd.
  • Singapore Technologies Engineering Ltd.
  • Terex Corp.

Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Motor Graders Market?

The market share growth by the MS motor graders segment will be significant during the forecast period. MS motor graders range from 150-175 horsepower. They generally weigh between about 30,000 and 36,000 lbs. MS motor graders models developed by different manufacturers include Case 865, Caterpillar 140H or 143H, John Deere 670 or 672, Volvo 710 or 720, and Komatsu GD655 Laterra. MS motor graders have the weight and power to operate on construction sites. They have applications in various jobs performed by grading contractors such as fine grading and applications that require an increased amount of power such as spreading stone for a road base or digging ditches along roadsides.

Motor Graders Market Size

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The MS motor graders segment was valued at USD 2,026.94 million in 2017 and continue to grow by 2021Globally, 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 for motor graders is likely to increase during the forecast period.

Which are the Key Regions for the Motor Graders Market?

Motor Graders Market Share by Geography

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APAC is projected to contribute 61% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC constitutes the largest share of the global motor graders market. It 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 for motor graders, which would subsequently drive the growth of the market in the region during the forecast period.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to an upsurge in the demand for APAC. However, the upliftment of lockdown in most of the countries gradually increased construction activities in countries such as China and India in H2 2020. Therefore, the market in focus in the region is expected to witness moderate growth during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (MS motor graders, LS motor graders, and SS motor graders), End-user (Construction, Mining, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).

  • Product Outlook (USD Million, 2017 - 2027)
    • MS motor graders
    • LS motor graders
    • SS motor graders
  • End-User Outlook (USD Million, 2017 - 2027)
    • Construction
    • Mining
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Motor Graders Market Scope

Report Coverage

Details

Page number

166

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.57%

Market growth 2023-2027

USD 935.53 million

Market structure

Fragmented

YoY growth (%)

1.69

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 61%

Key countries

US, China, India, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, 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, J C Bamford Excavators Ltd., Komatsu Mining Corp., Mahindra and Mahindra Ltd., SANY Group, Shandong Heavy Industry Group Co. Ltd., Singapore Technologies Engineering Ltd., Terex Corp., Veekmas Oy, XCMG Group, Xiamen Topway Machinery Co. Ltd., and Xiamen XGMA Machinery Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our 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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What are the Key Data Covered in this Motor Graders Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the motor graders market between 2023 and 2027
  • Precise estimation of the size of the motor graders market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of motor graders market vendors

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1 Drivers, Challenges, and Trends

  • 1.1 Market drivers
    • 1.1.1 Technological innovations in COB LEDs
      • 1.1.2 Growing adoption of COB LEDs in smart lighting
        • 1.1.3 Growing demand from the automotive sector
          • 1.2 Market challenges
            • 1.2.1 Development of CSP LEDs
              • 1.2.2 Emergence of quantum boards
                • 1.2.3 High import duties
                  • 1.3 Impact of drivers and challenges
                    • 1.4 Market trends
                      • 1.4.1 Adoption of COB LEDs in horticulture
                        • 1.4.2 Development of high-color rendering index (CRI) COB LEDs
                          • 1.4.3 Growing interest in human-centric lighting
                            • 01: Impact of drivers and challenges

                              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.

                              TechnavioINFORMATION SOURCES

                              Primary sources

                              • Manufacturers and suppliers
                              • Channel partners
                              • Industry experts
                              • Strategic decision makers

                              Secondary sources

                              • Industry journals and periodicals
                              • Government data
                              • Financial reports of key industry players
                              • Historical data
                              • Press releases
                              Technavio

                              TechnavioDATA ANALYSIS

                              Data Synthesis

                              • Collation of data
                              • Estimation of key figures
                              • Analysis of derived insights

                              Data Validation

                              • Triangulation with data models
                              • Reference against proprietary databases
                              • Corroboration with industry experts
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                              TechnavioREPORT WRITING

                              Qualitative

                              • Market drivers
                              • Market challenges
                              • Market trends
                              • Five forces analysis

                              Quantitative

                              • Market size and forecast
                              • Market segmentation
                              • Geographical insights
                              • Competitive landscape
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                              Motor Graders market growth will increase by $935.53 million during 2023-2027.
                              The motor graders market is expected to grow at a CAGR of 3.57% during 2023-2027.
                              Technavio has segmented the motor graders market by product (MS motor graders, LS motor graders, and SS motor graders) ,end-user (Construction, Mining, Others, South America, and MEA) , and geography (APAC, North America, Europe, South America, and Middle East and Africa).
                              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, J C Bamford Excavators Ltd., Komatsu Mining Corp., Mahindra and Mahindra Ltd., SANY Group, Shandong Heavy Industry Group Co. Ltd., Singapore Technologies Engineering Ltd., Terex Corp., Veekmas Oy, XCMG Group, Xiamen Topway Machinery Co. Ltd., Xiamen XGMA Machinery Co. Ltd. are a few of the key vendors in the motor graders market.
                              APAC will register the highest growth rate of 60.67% among the other regions. Therefore, the motor graders market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                              The key factors driving the motor graders market growth are:
                              • Operational benefits of motor graders
                              • Repair and rebuilding of motor graders is gaining momentum
                              The motor graders market vendors should focus on grabbing business opportunities from the ms motor graders segment as it accounted for the largest market share in the base year.
                              • What are the key global market and the regional market share?
                              • What are the revenue-generating key market segments?
                              • What are the key factors driving and challenging this market’s growth?
                              • Who are the key market vendors and their growth strategies?
                              • What are the latest trends influencing the growth of this market?
                              • What are the variables influencing the market growth in the primary regions?
                              • What are the factors influencing the growth of the parent market?
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