The global motor graders market is expected to achieve a healthy CAGR over the course of the given forecast period of 2019 to 2027. The functional advantages of motor graders are expected to accelerate the growth of the global market in coming years. These motor graders have recently become one of the most vital choices for multiple industries, especially, at the site of mining, construction, and building. These motor graders help in saving costs of labor while improving the overall fuel efficiency. They also perform several important tasks and activities such as ground leveling, leveling of soil, making surfaces smoother, moving dumps of dirty and debris, and also establishing foundations pads of native soil. All such activities can be achieved with greater efficiency and at lower costs. Naturally, the importance of motor graders is starkly improving and thus helping in the overall development of the market.
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A key trend that has been observed in the global motor graders market is of repair and rebuilding of these motor graders. The life cycle of these motor graders is limited and is considerably affected by extensive use. The overall quality of these motor graders deteriorates as the time passes and its age and performance start to affect significantly. As the wear and tear of the machine increases, the productivity takes a hit as there are some mechanical or electrical problems in the machine. Thus, the rebuilding and repairing of old motor graders have become a highly popular trend. The skilled mechanics work on repairing these older motor graders and removing the recurring problems. The operational benefits of these motor graders are simply too high to be ignored and thus, this trend of repairing and rebuilding the old machines is expected to help the global market to develop even further.
Motor Graders Market –Competitive Landscape
- In December 2014, Hitachi Construction Machinery Co., Ltd. launched EH3500AC-3 and EH4000AC-3, rigid dump truck models used in large-scale mining operations.
- In July 2018, Caterpillar Inc. entered into a collaboration agreement with U.S. based Newmont Mining to validate and enhance the underground hard rock mining vehicle automation technology.