Grader Machinery Market Forecast and CAGR
According to latest research by Fact.MR,grader machinery market is set to witness moderate growth during 2021-2031. Demand for grader machinery is expected witness steady recovery in short-term, with caustically optimistic growth outlook in the long-run.
Mounting number of construction projects at global and regional level has resulted in providing boost for heavy construction equipment market since last decade. Fact.MR projects moderate to high growth for grader machinery market, backed by advancing construction industry and increased government expenditure.
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Factors Driving Demand for Grader Machinery
Global construction industry is witnessing a shift towards work automation with help of autonomous or remote controlled vehicles. And so as equipment and machineries in these field are being introduced to disruptive technologies. These advancement is coupled by strengthened IT infrastructure and advancing semiconductor industry across globe. Most recent automated grade machinery is termed as motor grade as these machinery is self-propelled machinery.
These motor grade machineries find their application usage in maintenance and construction of dirt and gravel roads. Furthermore, they are also used in setting of soil grade before construction of large buildings. Grader machinery installed with V-shape cross-section are used to produce drainage ditches on either side of highways.
Aforementioned factors coupled with increased spending towards creation of public infrastructure at regional and global level is expected to drive demand for grader machinery during the forecast period.
Integration of Grade Control System in Machinery to Escalate Demand
Better grade control and automated structure helps in cost reduction, enhancing productivity and provides quality assurance. Integration of these control system is has resulted in providing value for all phase of any construction project during the course of time. Key players are collaborating with IT giants for integration of control system in machinery to provide their customer with better and hands-free experience.
Furthermore, integration of GPS module and LiDAR sensors helps in tracking device location and ecosystem of machinery in which it operates. Motor grader machinery is gaining traction with integration of smart and automated features.
Has Pandemic Ceased Demand for Grader Machinery?
Covid-19 pandemic has not only crippled global economy nut has also claimed numerous lives across globe. Imposition of regional and national level lockdown has resulted in creating chaos. Furtherer, straightened government regulation to flatten the curve and break chain of transmission all non-essential activities were halted. Construction industry as a whole is experience sudden fall in graph in terms of value across globe.
Halting of construction activity has brought down demand for construction associated equipment and machineries. However, re-opening of economy and resuming of construction activity is expected to boost demand for grader machinery in near term future.
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China and India Grader Machinery Market Outlook
Construction industry in china has overcome destruction caused by covid-19 in recent past. According to National Bureau of Statistics, construction industry in China has added more than 6% of value in fourth quarter of 2020. On the other hand, construction of heavy projects at global level such as Belt and Road initiative by China has resulted in facilitating numerous market opportunities for grader machinery in Asia Pacific region.
Followed by China, India is expected to emerge as second largest country in terms of demand, in Asia Pacific region. These can be seen by increasing expenditure of government in development in development of public infrastructures especially highways. According to Road Transport and Highway Ministry of India, more than 8,000 km’s of National Highway road has been constructed in 2020-2021. These has resulted in advancing demand for grader machinery at national level.
Americas Demand Outlook for Grader Machinery
With advancing construction industry and development of roadways to boost demand for grander machinery in America based region. Furthermore, increasing concentration of regional players in these region has also contributed in degrading pricing of product as a whole. Brazil, Mexico and Argentina is seen as emerging market for grader machine as increasing government expenditure on construction activity.
However, on the other hand demand for grader machinery is Europe is expanding with moderate growth rate, backed by advancing growth in developing regions.
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Who are the Key Manufacturers and Suppliers of Grader Machinery?
Some of the leading manufacturers of grader machinery include
- Hitachi Construction Machinery Co. Ltd.
- Caterpillar Inc.
- Komatsu Ltd.
- Mitsubishi Heavy Industries Ltd.
- Liugong Machinery Co. Ltd.
- Sinomach-HI (Luoyang) Co. Ltd.
- Terex Corporation
- Volvo Construction Equipment (AB Volvo)
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