Graders Market: North America and Europe Likely to See Growth in the Near Future
A new report by Fact.MR expects slow growth in the global market for graders. The market is also projected to reach US$ 4,841.7 million revenue by 2026 end. Also, in terms of volume, more than 18,700 graders are projected to be sold in the global graders market towards 2026 end.
[ClickPress, Wed Jun 12 2019] A new report by Fact.MR expects slow growth in the global market for graders. The market is also projected to reach US$ 4,841.7 million revenue by 2026 end. Also, in terms of volume, more than 18,700 graders are projected to be sold in the global market for graders towards 2026 end.
Commonly used to create a flat surface during grading process, graders are finding large application in construction and maintenance of gravel roads and dirt roads. Manufacturers of graders are also providing advanced features to provide ease of operation, comfort, efficiency and productivity. Advanced control technology is also being integrated in the graders to offer better grading results. This Fact.MR report discusses key prospects for growth of global graders market during the forecast period, 2017-2026, offering pragmatic insights to lead market players towards devising & implementing informed strategies.
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Motor grades have become popular machines among the large construction companies expanding its applications in cleaning debris, digging shallow holes and removing snow, namely. Meanwhile, the new and innovative technologies have emboldened graders to be used to set native soil for foundation pads. In the wake of growing popularity of graders, manufacturers have come up with hydraulic steering system and conventional front axle steering for road transit as well as articulation to offer minimum turning radius at work sites.
According to the study, the graders market is anticipated to witness revenue of over USD 4,800 million by 2026 end. Lately, the manufacturers are prioritizing sophisticated grade control technologies. Accordingly, precise control technology has been assisting operators to produce better results with minimum efforts. Besides, the popularity of integrating digital grade control system has soared in the recent past. Manufacturers of graders have also developed optional load sensing system to prudently utilize the power of engine and give the operator a better control.
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The report encompasses executive summary and overview section that provide an actionable insights on the Graders market. Besides, the report in the market overview section throws light on key players and market indicators. The overview section in the report elucidates Porters’ Five Force analysis that aids in revealing the competitive scenario with regards to Graders market. The report further focuses on the market outlook section which delves into reimbursement scenario of the region and sheds light on technological development.
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 Market: Competitive Landscape
The report provides profiles of the prominent companies that are likely to operate in global graders market throughout the forecast period, which include Guidetti S.r.l., HERBST SMAG Mining Technologies GmbH, Probst GmbH, VT LeeBoy, Inc., XCMG, KH Plant, Terex Corporation, Sany Group Co. Ltd., Galion Iron Works, LiuGong Construction Machinery, LLC, Mitsubishi Heavy Industries, Komatsu Limited, CNH Industrial N.V., Deere & Co., and Caterpillar Inc.
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