LONDON--(BUSINESS WIRE)--Technavio’s global motor graders market research report forecasts the market to grow at a CAGR of around 5% during the forecast period.
The repair and rebuilding of motor graders gaining momentum will be one of the major trends in the global motor graders market during 2018-2022. The life of motor graders is limited and is significantly affected by its use. The quality of motor graders degrades with time and age and shows signs of wear and tear or displays mechanical and functional problems. The solution is to buy new equipment. But, motor graders have high purchasing costs and increased initial investments are involved, which has led to the repairing and rebuilding of motor graders gaining momentum.
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According to Technavio analysts, one of the key drivers for the global motor graders market is the operational benefits of motor graders:
Global motor graders market: Operational benefits of motor graders
The operational benefits of motor graders make them one of the most essential equipment at the building, road construction, and mining sites. Several tasks such as leveling the ground, making smooth surfaces and fine grade, leveling soil, shifting small amounts of dirt, and setting native soil foundation pads can be performed with this equipment.
According to a senior analyst at Technavio for research on construction, “The motor graders can perform tasks such as selling soil, earth moving, scarifying, land grading, leveling soil or land, and mixing materials in construction and mining sites. They have various attachments such as rippers and dozers. The rippers are used to cut hard, compact, or frozen dirt to loosen soil and help in increasing productivity. The dozers assist in spreading applications.”
Global motor graders market: Segmentation analysis
This global motor graders market analysis report provides market segmentation by product (MS motor graders, LS motor graders, and SS motor graders) and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the three major products, the MS motor graders segment held the largest motor graders market share in 2017, contributing to about 45% of the market. This product segment will dominate the global market throughout the forecast period.
The Americas held the largest share of the market in 2017, accounting for more than 37% share. It was followed by APAC and EMEA respectively. The Americas is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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