Motor Graders Market Size Expected to Grow at a CAGR over 4.59% from 2021 to 2030

Pune, India, May 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Motor Graders Market.

 Market Synopsis

 As per the analysis by the Market Research Future Reports (MRFR), the worldwide motor graders market is estimated to value USD 5.8 billion, and expand at a CAGR of 4.59% during the review period from 2021 to 2030. The rising demand for minerals geological metals and minerals such as rock salt, coal, metals, gemstones, limestone, chalk, and potash. The increasing demand for rental units is estimated to propel the global motor graders market 2020. The rising economy across the world has played a significant role in the expansion of the market. Besides, the demand for motor graders is likely to expand the construction sector and grow the mining operations. The mining industry is estimated to expand owing to the rising demand for metals, minerals, and other geological elements. Besides, the governments of various countries are taking initiatives to expand the infrastructure and real-estate industries which will directly influence the construction industry and the motor graders market. On the other hand, the expansion of the market is likely to be obstructed by high costs of maintenance for grader equipment, fluctuating prices of raw material, and lack of skilled labor.

 Market Segmentation

The global motor graders market can be classified on the basis of product type, application, capacity, and region. On the basis of application, the global motor graders market can be divided into mining, construction, forestry & agriculture, and others. The construction segment is likely to dominate the market by acquiring the largest market share. On the basis of product type, the global motor graders market can be divided into motor grader, motor grader, rigid frame, and articulated frame On the basis of capacity, the global motor graders market can be divided into small motor graders (80 – 150 HP), medium motor graders (150 – 300 HP), and large motor graders (Above 300 HP). On the basis of region, the global motor graders market can be divided into Asia-Pacific, North America, Europe, and the Rest of the World (RoW).

Regional Analysis

 The geographical analysis of Asia-Pacific, North America, Europe, and the Rest of the World (RoW) has been conducted. As per the analysis by MRFR, the APAC acquired the maximum share in the global motor graders market in 2018. The second position was acquired by North America, followed by Europe. APAC region is a significant region which is witnessing an exponential growth.The rapid industrialization and urbanization in the developing economies like India, China, and Japan are estimated to make significant contribution to the regional expansion of the market. Besides, the rising investments by the government in the construction sector have resulted in exponential growth of the market in the APAC region. Countries like Indonesia, Australia, India, and China are significant producers of metals and minerals such as diamonds, tin, gold, base metals, tungsten, coal, and platinum. APAC region has emerged to be the largest consumer of mineral, metals, and coal due to the growing economy of the region. North America and Europe play an essential role in the expansion of the market. The countries of these regions like the US, Canada. The Uk, Germany, are economically stable and are likely to show significant growth in the forthcoming period.

 Key Players

 The key players of the worldwide motor graders market are AB Volvo (Sweden), Caterpillar Inc. (US), J.C. Bamford Excavators Limited (UK), Sinomach-HI (Luoyang) Co., Ltd. (Japan), Sany Group (China), Deere & Company (US), Terex Corporation (US), Komatsu Ltd (Japan), Mahindra & Mahindra Ltd. (US), Hitachi Construction Machinery Co., Ltd (Japan), and few others.Access Report Details @ motor graders market size