Motor Grader Market Size, Share & Trends Analysis Report By Vehicle Weight (< 10, 11 to 45, 46 >), By Engine Capacity, By Drive Type (Electric, ICE), By Region, And Segment Forecasts, 2023 - 2030
The global motor grader market size is expected to reach USD 5.53 billion by 2030 and expand at a CAGR of 5.4% from 2023 to 2030, according to a new study by Grand View Research Inc. The growing demand for motor graders among construction contractors for preparing sites through operations, including carrying debris and grading, is the main factor driving the growth of the motor grader industry. Throughout the anticipated period, there will probably be a growth in motor grader demand due to the development of roads and highways, urban infrastructure, and the mining industry, supporting the expansion of the motor grader industry.
The increasing investment in construction and mining sectors across multiple nations drives the demand for motor graders. The growing need for megacities and smart cities in developing nations and the brisk expansion of the construction sector are factors propelling the motor grader industry. A higher output engine known as the air-through water cooler is a technological advancement expected to boost the market for motor graders. In addition, attributes like a unique riding control, a specialized swing pump, load sensor hydraulics, and a hydraulics-based powered cooling fan are contributing to the market expansion.
Motor graders are frequently used in urban and mining environments. Government investment in fresh infrastructure development projects and refurbishing old infrastructure is one of the primary drivers encouraging the segment's growth. In construction, motor graders are used for grading, leveling grounds, and varying debris, as well as for lifting and material handling. Their ability to do large or small operations depends on their size and attachments, which are expected to support the growth of the motor grader industry.
Since stringent laws are compelling manufacturers with numerous hindrances and end users are looking to reduce the environmental impact of the equipment they use, the majority of motor grader manufacturers are developing electric motor graders to satisfy the regulatory and customers' changing requirements, supporting the motor grader industry growth.
Motor Grader Market Report Highlights
The electric drive motor grader segment is expected to register significant growth over the forecast period owing to the ongoing trend of electrification in construction machinery
The 11 to 45 segment is gaining traction for small & medium operations due to their efficient and compact nature
The Asia Pacific market is anticipated to register significant growth over the forecast period owing to the growth in construction activity across the continent
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