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


Motor Graders Market Analysis:

1. In 2021, the motor graders market reached a valuation of USD 30 billion and is expected to maintain a steady growth rate of over 4.7% during the forecast period from 2022 to 2027. This positive trajectory can be attributed to the surge in construction and mining activities across various regions, coupled with increased government investments aimed at bolstering the construction sector. As a result, there is a growing demand for motor graders to ensure the creation of smooth surfaces during road construction or site development.

2. The market’s growth is further fueled by the availability of attachments that cater to diverse applications in the mining and construction industry. While motor graders are primarily used for surface flattening and underground mining, their versatility in accommodating various attachments has contributed to their rising demand. However, it is worth noting that smaller motor graders with power ranging from 80 to 150 horsepower are often sufficient for most tasks. These compact graders are particularly well-suited for projects that require maneuvering in tight spaces, whereas larger motor graders are better suited for broader areas.

3. The COVID-19 pandemic had a significant impact on the motor graders market, as stringent government regulations and the postponement of large-scale infrastructure projects led to a decline in demand. Emerging economies like China, India, and other South Asian countries, which have been key players in infrastructure and construction projects, experienced a notable decrease in project engagement during the outbreak. For instance, India’s GDP contracted by 23.9% in the first quarter of FY2021, resulting in a 27.11% increase in unemployment. However, as these countries gradually reopen and resume their ongoing projects, they are expected to regain momentum and return to a growth phase in the South Asian region.

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