New Motor Graders Market Research During 2021-2025 | Market Impact Analysis | Technavio

The new motor graders market research from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.

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Technavio has announced its latest market research report titled Global Motor Graders Market 2021-2025 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Motor Graders Market 2021-2025 (Graphic: Business Wire)

Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the motor graders market.

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"One of the primary growth drivers for this market is the operational benefits of motor graders," says a senior analyst for the industrials industry at Technavio. The market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. As the markets recover, Technavio expects the motor graders market size to grow by USD 671.49 million during the period 2021-2025.

Motor Graders Market Segment Highlights for 2020

  • The motor graders market is expected to post a year-over-year growth rate of 2.41%.
  • Based on the product, MS motor graders saw maximum growth in 2020. MS motor graders have the weight and power to operate on construction sites.
  • Since a majority of construction activities need MS motor graders, the demand for motor graders is likely to increase during the forecast period.

Regional Analysis

  • 45% of the growth will originate from the APAC region.
  • The rising infrastructural and residential construction activity will facilitate the motor graders market growth in APAC over the forecast period.
  • China and India are the key markets for motor graders in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

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Notes:

  • The motor graders market size is expected to accelerate at a CAGR of almost 3% during the forecast period.
  • The motor graders market is segmented by product (MS motor graders, LS motor graders, and SS motor graders) and geography (APAC, North America, Europe, South America, and MEA).
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • The research report offers information on several market vendors, including AB Volvo, Action Construction Equipment Ltd., BEML Ltd., Caterpillar Inc., CNH Industrial NV, Deere & Co., Komatsu Ltd., Mahindra & Mahindra Ltd., SANY Group Co. Ltd., and Xugong Group Construction Machinery Co. Ltd.

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