LAMEA Motor Grader Market Size, Share & Industry Trends Analysis Report By Capacity (Medium, Small and High), By Product Type, By Application (Construction, Infrastructure, Oil & Gas, Mining and Others), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Motor Grader Market would witness market growth of 7.4% CAGR during the forecast period (2022-2028).
The most recent motor graders integrate grade control technology, premium hydraulics, and expanded operator comfort/convenience features to allow operators to operate more quickly and precisely for higher production. There are several different kinds of motor graders, some of which are multi-radius moldboard motor grader. A unique Moldboard exclusively found on Motor Graders pushes and encourages material roll-off.
This lessens the stress on the blade, improving productivity and significantly improving fuel economy. Operators can easily regulate the moldboard from the cabin due to hydraulic pitch adjustments. More extensive wear surfaces achieve longer life (reduced wear), and externally driven circles are easier to clean and more shock-resistant.
The machine has a rigid rear structure made of a box section. This structure is designed to support large loads applied by the back attachments. Using thermos forming technology, the front frame is more durable and has a longer lifespan due to its "U"-box construction and powerful anti-torque force. The large quantity of HVAC (heating, ventilation, and air conditioning) system pressurizes and dehumidifies the cab, circulates fresh air, keeps dust out, and prevents window fogging. One may customize the environment to their preferred temperature.
One of the top net petroleum exporters, Saudi Arabia, is home to over 17% of the world's proven oil reserves. One of the largest proven oil reserves in the world is in Saudi Arabia. One of the biggest integrated energy and chemical businesses is Saudi Aramco. More than half of the State of Qatar's gross domestic product is derived from its main exports, oil, and gas. Qatar Energy is a government-run organization overseeing all domestic and international oil and gas production stages. The high reserves of oil in the region will significantly surge the usage of motor graders due to its application in the oil & gas industry, which will propel the market growth in the region.
The Brazil market dominated the LAMEA Motor Grader Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $180.4 Million by 2028. The Argentina market is experiencing a CAGR of 8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.1% during (2022 - 2028).
Based on Capacity, the market is segmented into Medium, Small and High. Based on Product Type, the market is segmented into Articulated Frame and Rigid Frame. Based on Application, the market is segmented into Construction, Infrastructure, Oil & Gas, Mining and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Motor Grader Market is Projected to reach USD 9.3 Billion by 2028, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Deere & Company, Volvo Group, Caterpillar, Inc., CNH Industrial N.V., Komatsu Ltd., SANY Group, VT LeeBoy, Inc. (ST Engineering), Calder Brothers Corporation, Guangxi Liugong Machinery Co., Ltd. (LiuGong Group), and Veekmas Oy.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Articulated Frame
- Rigid Frame
- Oil & Gas
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Deere & Company
- Volvo Group
- Caterpillar, Inc.
- CNH Industrial N.V.
- Komatsu Ltd.
- SANY Group
- VT LeeBoy, Inc. (ST Engineering)
- Calder Brothers Corporation
- Guangxi Liugong Machinery Co., Ltd. (LiuGong Group)
- Veekmas Oy
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