Global Motor Graders Market 2018-2022
About this market
Repair and rebuilding of motor graders is gaining momentum in the market. Repairing motor graders is an easy and rapid process. It is involved in identifying parts and components that are broken or worn out and need fixing or replacing with new parts. Technavio’s analysts have predicted that the motor graders market will register a CAGR of almost 18% by 2023.
Operational benefits of motor grades
The operational benefit of moto graders makes it one of the most important equipment found at the building, road construction, and mining sites. Various tasks can be performed with this equipment such as leveling ground, making smooth surfaces and fine grade.
Rise in manufacturing costs of motor grades
Raw materials of motor graders may include stainless steel, iron ore, bronze and other metal alloys. Fluctuations in the prices of these raw materials result in unpredictable production costs.
For the detailed list of factors that will drive and challenge the growth of the motor graders market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Caterpillar and CNH Industrial the competitive environment is quite intense. Factors such as the rising repair and rebuilding of motor graders and the operational benefits of motor grades, will provide considerable growth opportunities to portable printer manufactures. Caterpillar, CNH Industrial, Deere & Company, Hitachi Construction Machinery, Komatsu, and Volvo construction equipment (AB Volvo) are some of the major companies covered in this report.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook