The new report by Expert Market Research titled, ‘Global Motor Grader Manufacturers in India, Size, Share, Demand, Analysis, Report and Forecast 2021-2026’, gives an in-depth analysis of the global motor graders market, assessing the market based on its segments like type, capacity, application, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2021-2026)
- Historical Market Size (2020): USD 410 Billion
- Forecast CAGR (2021-2026): 5%
- Forecast Market Size (2026): USD 556 Billion
The global motor grader market is primarily driven by the growing construction industry and large-scale infrastructure project. Further, the developing infrastructure, especially in developing economies aid the growth of the market.
Moreover, the increasing rail and road network globally is expected to push the demand for motor graders in the forecast period. Additionally, factors such as increasing urbanisation, growing technological advancements, and the rising disposable incomes of the consumers is ais expected to catalyse the growth of the market.
Industry Definition and Major Segments
Motor grader is a road construction vehicle used to flatten the surface. It is also known as graders or road grader and is fitted with long blade in between front and rear axle which flattens the surface during grading process.
Based on type, the motor grader industry can be divided into the following:
- Rigid Frame
- Articulated Frame
The capacity of the motor graders can be categorised as follows:
- Small Motor Graders (80 – 150 HP)
- Medium Motor Graders (150 – 300 HP)
- Large Motor Graders (Above 300 HP)
Motor graders find applications in the following sectors:
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Regionally, Asia Pacific is projected to witness fastest growth for the motor graders market, due to presence of major developing economies such as China, India, and Japan, which have high demand for construction vehicles owing to massive construction projects. Meanwhile, in North America and Europe owing to rising disposable incomes, the growing demand for construction activities is expected to increase overall construction vehicle production. Moreover, growing trend towards reliable, profitable, and environmentally friendly technology and continuous demand for construction projects in both developed and developing countries will push the global motor graders market.
Key Market Players
The major players in the market are SANY Group, Deere & Company, Caterpillar Inc., Komatsu Ltd., and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Also Read: https://www.wellarticles.com/global-onion-powder-market-to-be-driven-by-the-increasing-demand-for-convenience-foods-and-rapid-urbanisation-in-the-forecast-period-of-2021-2026/
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.