FINE GRADING

How motor graders have evolved with time

- MOLLY R

Expansion of the construction sector, increase in government investments in infrastructure projects all around the world, growth in the mining sector in emerging countries in Asia-Pacific, and greater focus by market players on manufacturing motor grader vehicles for construction and mining sectors drive the growth of the global motor grader market. Region-wise, the market in Asia-Pacific is expected to dominate the market in terms of revenue from 2022 to 2031.

According to the report published by Allied Market Research, the global motor grader market generated $6.8 billion in 2021, and is estimated to reach $12.1 billion by 2031, witnessing a CAGR of 5.9% from 2022 to 2031. Based on product type, the articulated frame segment held the largest share in 2021, accounting for nearly three-fourths of the global motor grader market and would dominate the market in terms of revenue through 2031. The same segment is estimated to witness the fastest CAGR of 6.3% during the forecast period. In terms of capacity, the medium motor graders segment captured the largest market share of nearly three-fifths of the global motor grader market in 2021 and is expected to lead the trail in 2031. However, the small motor graders segment is expected to achieve the fastest CAGR of 7.5% through 2031.

Leading players of the global motor grader market include Deere & Company, AB Volvo, Sany Group, Guangxi Liugong Machinery, Caterpillar, CNH Industrial, Leeboy, and Komatsu.