Motor Grader Market: Increasing Infrastructural Projects in Developing Countries to Fuel the Growth of the Market

Global Motor Grader Market was valued at USD 7.40 Billion in 2022, and is expected to reach USD 10.91 Billion by 2029, exhibiting a CAGR of 5.7% during the forecast period (2023-2029)
Motor Grader Market Overview
Motor Graders are vehicles that use a long and adjustable blade to refine or flatten the surface and they vary in size and power depending on the type of work. They are also called simply graders or road graders. Motor Graders are most commonly used in roadworks, civil construction, farms and mining sites. Some of their jobs are to build gravel or dirt roads and tracks, grade gravel roads to eliminate rutting and potholes, general ground leveling, create and level embankments next to roads and fields, shape canal banks, smooth the gravel underlay of new tar roads, create and grade haul roads for mines, form windrows, turn rows and drainage ditches on farms, terrace sloped gardens and farms and clear snow and slush from roads in cold areas. Further, the report provides in-depth information on the market size, market share, industry overview, regional insights, competitive landscape, dynamics including growth drivers, major restraints, growth opportunities and upcoming challenges for the Motor Grader Market.To know about the Research Methodology :- Request Free Sample Report
Motor Grader Market Dynamics
In several industries, renting attachments for motor graders has become a viable choice for people because renting motor graders comes with several benefits such as cost savings, job versatility and attachment maintenance. The development of old motor graders with many of the same benefits as new motor graders without hefty price tags is driving the growth of the market. The clearing of pending road construction projects as well as the government’s ambitious urban and rural infrastructure development plans offers huge growth opportunities for the motor grader market, especially in developing countries. Thus, the investors who are willing to invest in the market are expected to gain huge profits by the end of the forecast period. Construction equipment manufacturers offer various advanced technologies designed to make operation easier and more efficient including monitoring solutions with sensors, automation functions and telematics systems. Komatsu KOMTRAX and Cat Connect are examples of platforms that allow fleet managers to track productivity figures, monitor machine health and improve overall site efficiency. The increasing technological advancements are leading to the launch of new motor graders from top manufacturers who follow trends in the industries. For example: Caterpillar’s Cat 24 motor grader, John Deere’s 772G grader, Komatsu’s GD655-7 motor grader and Volvo Construction Equipment’s C Series motor grader. This is creating various opportunities for market growth in the future.

Heavy equipment like motor graders comes at a high price and the second-hand is less expensive but risky. There is no guarantee that people won’t end up with defective machinery. These are expected to hamper the Motor Grader Market growth during the forecast period.
Motor Grader Market Regional Insights
Asia Pacific Motor Grader Market held the major share in 2022 and is expected to increase steadily during the forecast period. This is attributed to the increasing adoption rates of motor graders in developing countries such as China, India and Japan because of increasing construction activities in the region. China and India are spending their capital majorly more on public infrastructure and renewable energy along with residential construction projects due to the huge population of countries.

During the forecast period, the Motor Grader Market in the Middle East and Africa is expected to grow at a high rate because of the growing construction industry. Construct Africa’s publications, the South Africa Construction Market Report projects an annual growth rate stabilizing at around 3 percent over a four-year period. It also pegged growth at 5 percent in 2023. In the 2023-24 budget, the government committed a large amount to infrastructure development.

North America Motor Grader Market is expected to grow at a high rate during the forecast period due to the high demand for motor graders for large infrastructure and construction projects. 2022 was a great year for Deere & Company based in the US in terms of profitability, sales and demand for their products. The company is looking forward to another strong year on the basis of positive fundamentals, a continuation of solid execution and low machine inventories. The US government has made huge investments in the construction of airports, roads, railway tracks, etc, which necessitated the employment of motor graders.
Motor Grader Market Segment Analysis
Based on Type: This segment is divided into Rigid Frame and Articulate Frame. The Articulate Frame segment is expected to hold the largest Motor Grader Market share during the forecast period because of the large number of articulate frame graders expected to be manufactured in the future. The demand for articulate frame motor graders is high due to its advanced features, which make the operation and work easy. The rigid frame motor graders are traditional graders without advanced features like articulate frame graders which makes operation comparatively difficult.

Based on Capacity: This segment is divided into Small Motor Graders – 80-150 HP, Medium Motor Graders – 150-300 HP and High Motor Graders – Above 300 HP. The Medium Motor Graders (150 – 300 HP) segment held the largest Motor Grader Market during the forecast period. This is attributed to the largest increasing infrastructure projects mainly in developing countries such as India. The High Motor Graders segment is expected to grow at a high rate during the forecast due to the growing population globally, which is resulting in the demand for large areas of land for commercial and residential use.

Based on End-User: This segment is divided into Construction, Mining, Oil and Gas, Forestry, Agriculture and Snow Removal. Among these, the construction segment dominated the global market with the largest Motor Grader Market share in 2022. The mining segment also held the major share of the global market in 2022. Both segments are expected to hold the largest share of the market during the forecast period. This is attributed to the high need for versatile machines from grader operators for a wide variety of roadworks, construction and mining tasks.
Motor Grader Market Competitive Landscape
This section of the report includes detailed information on motor grader suppliers and manufacturers. It includes a list of motor grader key competitors with their financial position, information on investments, product portfolio, recent developments, partnerships, revenue, sales, production, etc. It also includes information on sales of new and used motor graders from leading equipment manufacturers. The motor grader for sale is largely available at MY-Equipment. They offer different types of new and used motor graders from leading manufacturers. At KH Plant, they rebuild Caterpillar 140G, 140H and 140K motor graders and grader components to a new condition. Those graders look, perform and last like a new machine. They offer each grader with full warranty.

Recently, SHANTUI attended the 23rd Annual Conference of the Federation of Contractor’s Association of Nepal (FCAN) in Kathmandu. This conference was attended by a large number of contractors and machinery customers. There they released their new SG17-3 motor grader, which attracted extensive attention from members of FCAN.
Mahindra Construction Equipment recently launched the new RoadMaster G75 Smart at EXCON 2022 in Bangalore, which has been designed and developed in India as per the needs of smaller road contractors.
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Motor Grader Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 7.4 Bn.


Forecast Period 2023 to 2029 CAGR:
5.7%
Market Size in 2029:
US $ 10.91 Bn.


 Segments Covered:
by Product Type
• Rigid Frame
• Articulate Frame


by Capacity
• Small Motor Graders – 80-150 HP
• Medium Motor Graders – 150-300 HP
• High Motor Graders – Above 300 HP


by End-User
• Construction
• Mining
• Oil and Gas
• Forestry
• Agriculture
• Snow Removal



Motor Grader Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Motor Grader Key Players Include:
• SHANTUI
• Xiamen Topway Machinery Co., Ltd
• Case Construction Equipment
• Hermann Paus Maschinenfabrik
• Deere & Company
• AB Volvo
• Calder Brothers Corporation
• Sany Group Co Ltd
• Guangxi Liugong Machinery Co., Ltd
• Veekmas Oy
• Caterpillar Inc.
• CNH Industrial N.V
• Leeboy
• KOMATSU Ltd
• XCMG
• Pi Makina
• Mahindra Construction Equipment

Frequently Asked Questions

1] What was the Motor Grader Market size in 2022?
Ans. USD 7.40 Bn was the Motor Grader Market size in 2022.

2] What is the expected Motor Grader Market size by 2029?
Ans. USD 10.91 Bn is the expected Motor Grader Market size by 2029.

3] What is the expected CAGR of the Global Motor Grader Market during the forecast period?
Ans. During the forecast period, the Global Motor Grader Market is expected to grow at a CAGR of 5.7 percent.

4] What are the major Motor Grader Market segments?
Ans. The market is divided by Product Type, Capacity and End-User.

5] Which region is expected to hold the largest Motor Grader Market share during the forecast period?
Ans. The Motor Grader Market share of Asia Pacific is expected to hold the largest share of the global market during the forecast period.

6] Who are the key players in the Motor Grader Market?
Ans. SHANTUI, Xiamen Topway Machinery Co., Ltd, Case Construction Equipment, Herman Paus Maschinenfabrik, Deere & Company, AB Volvo, Calder Brothers Corporation, Sany Group Co Ltd, Guangxi Liugong Machinery Co., Ltd, Veekmas Oy, Caterpillar Inc., CNH Industrial N.V, Leeboy, KOMATSU Ltd, XCMG, Pi Makina and Mahindra Construction Equipment.