Published Date: 31-Mar-23
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According to a new report, published by KBV research, The Global Motor Grader Market size is expected to reach $9.3 billion by 2028, rising at a market growth of 5.4% CAGR during the forecast period.
The Small segment is showcasing a CAGR of 5.8% during (2022 - 2028). This is because they are small, lightweight tools that are scaled-down versions of larger graders. The tiny graders are a crucial component of the fleet of equipment used in road construction and maintenance, much as the bigger graders. The graders arrive at the job site when the dozers have finished all the hard lifting and before the asphalt is put in to build the final layer of the roadways.
The Articulated Frame segment acquired maximum revenue share in the Global Motor Grader Market by Product Type in 2021 thereby, achieving a market value of $6.2 billion by 2028. This is due to the fact that for more extensive operations, articulating frame motor graders are employed. This kind of machine features two bigger wheels and an articulated frame. A steering wheel is affixed to each wheel. The vehicle can turn in narrow spaces and driveways because of the ability of both wheels to rotate.
The Construction segment is generating highest revenue share in the Global Motor Grader Market by Application in 2021 thereby, achieving a market value of $3.4 billion by 2028. This is because it is a specialized construction machinery used to build roads. It can carry out activities like grading, leveling uneven surfaces, distributing dumped material equally, digging trenches, and constructing slick roads for people to ride on. These factors, combined with increased usage due to the constantly increasing construction sector, will boost the segment's growth in the projected period.
The Asia Pacific market dominated the Global Motor Grader Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.4 billion by 2028. The Europe market is exhibiting a CAGR of 5.2% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 4.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/motor-grader-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Product Type
Unique Offerings from KBV Research
North America Motor Grader Market size & Opportunities 2022-2028
Europe Motor Grader Market & Growth Forecast 2022-2028
Asia Pacific Motor Grader Market Share & Industry Outlook to 2028
LAMEA Motor Grader Market Growth, Trends & Forecasts 2022-2028