According to the latest report compiled by Fact.MR, the global graders market is expected to see sluggish growth, registering 2.5% CAGR during the forecast period 2017-2026. The global graders market is also estimated to bring in US$ 4,841.7 million revenue by the end of 2026. While in terms of volume, 18,711 graders are estimated to be sold by the end of 2026. Below are some of the highlights on how the global graders market will perform in the near future.
Manufacturers in the global market are offering broad range, technically advanced graders with added features. They are also focusing on developing graders with to match the need of user in any application from construction to road maintenance. Design changes are also being made in graders to offer operators with better operating capabilities. Improving blade control system and offering high-speed grading are two of the major focus areas of manufacturers.
Construction equipment manufacturers, especially the companies in China are moving towards integrating advanced technology to meet the global standards. Also, manufacturers are providing better air filtration equipment as graders operate in the environment where dirt can easily damage any piece of equipment. Moreover, the clogged air filter can reduce the efficiency of graders. However, high operating costs and maintenance costs are some of the factors hampering the market growth.
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A grader is the construction machine that includes a long blade and is used to create a flat surface. Graders are largely used to set soil foundation pads before starting the construction of large buildings. Several infrastructure projects including construction of roads, rail, shopping centers and residential and commercial complex are underway across various countries, thereby resulting in the growing demand for graders and other construction vehicles. In the recent years, manufacturers of graders have also started focusing on providing advanced grade control technologies. Precise control technology can help the operator to produce better results with minimum efforts. Integrating digital grade control system is also gaining popularity. Moreover, grader manufacturers are also focusing on operator comfort, ease of operation, increased productivity with better outcomes and minimizing cost. Manufacturers are also developing graders with increased power, large engine, anti-bounce system, and other technology solutions.
5 Forecast Highlights on Global Graders Market
Asia Pacific Excluding Japan (APEJ) is expected to account for the highest revenue share in the global graders market. APEJ is estimated to reach close to US$ 2,000 million revenue by the end of the forecast period. Countries such as India and China are home to some of the prominent players in the global graders market. Also, the rapid rise in urbanization is driving the growth of the market in the region.
North America and Europe are also likely to see growth in the near future. The rise in construction activities is expected to boost the production of construction vehicles in these regions. In the U.S., Canada, and Northern Europe, graders are also used in residential and municipal snow removal.
Graders with above 200 HP are expected to witness the fastest growth during the forecast period. By the end of 2026, graders with above 200 HP are estimated to bring in more than US$ 2,700 million revenue.
Graders with above 15,000 Ibs are expected to witness the highest growth in the market throughout the forecast period. Above 15,000 Ibs graders are estimated to exceed US$ 2,400 million revenue by 2026 end.
The construction industry is expected to account for maximum revenue share in the global graders market. Towards the end of 2026, the construction industry is estimated to bring in more than US$ 2,500 million revenue.
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