Motor Graders Market Size (2024 - 2029)

The motor graders market is experiencing growth driven by increased construction and mining activities, alongside heightened government spending to boost the construction sector. The market's expansion is further supported by the availability of attachments for diverse applications within these industries. Despite challenges posed by the COVID-19 pandemic, which led to a decline in project engagements, emerging economies are gradually recovering and resuming infrastructure projects, contributing to the market's positive trajectory.

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Market Size of Motor Graders Industry

Motor Graders Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Motor Graders Market Major Players

*Disclaimer: Major Players sorted in no particular order

Motor Graders Market Analysis

The motor graders market was valued at USD 30 billion in 2021, and it is projected to record a solid CAGR of more than 4.7% during the forecast period (2022-2027). With the increase in construction and mining activities in several parts of the world and the increased government spending to enhance the construction sector, the demand for motor graders is expected to rise to create a flat surface during either the start or while finishing the road or the site.

The availability of attachments for various applications in the mining and construction industry, apart from being used for a specific task of flattening the surface or underground mining, is driving the demand in the market. However, a small motor grader within a range of 80-150 hp is usually enough for most jobs. While the smaller graders are perfect for jobs that need to be completed in a tight-spacing environment, larger motor graders can be used in broader spaces.

During COVID-19, the demand for motor graders was deeply affected due to stringent government regulation and postponement of ongoing large-scale infrastructure and construction projects. Emerging economies, including China, India, and other South Asian countries, have been the bedrock for infrastructure and construction projects. However, they registered a steep decline in the project engagement frequency during the outbreak. During the pandemic, the GDP of India shrank by 23.9% in Q1 of FY2021, showing an increase of 27.11% in unemployment in the same year. However, these countries are slowly getting back to the growth phase after reopening several ongoing projects in South Asia.

Motor Graders Industry Segmentation

The scope of the motor grader market report covers a detailed study of the latest trends and innovations in the market. The market is segmented by Product type (rigid frame and articulated frame), capacity (small (80-150 hp), medium (150-300 hp), and large (above 300 hp)), and geography (North America, Europe, Asia-Pacific, and Rest of the World). The report covers a detailed study of major players, strategies, technological advancements, financials, and innovations.

Product Type
Rigid Frame
Articulated Frame
Capacity
Small (Below 150 HP)
Medium (150-300 HP)
Large (Above 300 HP)
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Motor Graders Market Size Summary

The motor graders market is experiencing a robust growth trajectory, driven by increased construction and mining activities worldwide. This demand is further bolstered by government investments aimed at enhancing infrastructure, particularly in developing regions such as Asia-Pacific, where countries like China and India are leading the charge. The market is characterized by a diverse range of applications, with motor graders being essential for creating flat surfaces in road construction and mining operations. The availability of various attachments for these machines is expanding their utility beyond basic tasks, thereby fueling market growth. Despite the challenges posed by the COVID-19 pandemic, which temporarily disrupted infrastructure projects, the market is rebounding as countries resume and initiate new projects to stimulate economic recovery.

The Asia-Pacific region remains the largest market for motor graders, supported by significant infrastructure spending by both government and private sectors. This region's growth is complemented by technological advancements and eco-friendly innovations in motor grader design, as major players invest in research and development to enhance productivity and reduce environmental impact. The market is fragmented, with numerous companies like Caterpillar Inc., John Deere Co., and Komatsu Ltd. holding substantial shares. Strategic partnerships and technological collaborations, such as Sany Group's alliance with Leica Geosystems, are further propelling the market by integrating advanced machine control systems. As infrastructure development continues to be a priority, the demand for motor graders is expected to remain strong, offering lucrative opportunities for manufacturers and stakeholders in the industry.

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Motor Graders Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Rigid Frame

      2. 2.1.2 Articulated Frame

    2. 2.2 Capacity

      1. 2.2.1 Small (Below 150 HP)

      2. 2.2.2 Medium (150-300 HP)

      3. 2.2.3 Large (Above 300 HP)

Motor Graders Market Size FAQs

The Motor Graders Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

John Deere Co., Sany Group, Caterpillar Inc., Volvo CE and Komatsu Ltd are the major companies operating in the Motor Graders Market.

Motor Graders Market Report Snapshots

Motor Graders Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)