Graders Market Report 2024 (Global Edition)

Global Graders Market Report 2024 Market Size Split by Base Power (Up to 200 HP Graders, Above 200 HP Graders), by Blade Pull (Up to 15, 000 Ibs. Graders, Above 15, 000 Ibs. Graders), by Application (...

Graders Market Report Description

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Competitive Landscape of the Graders Market

The competitive landscape of the Graders industry is defined by a broad range of rivals competing for market share through product innovation, corporate partnerships, and effective marketing campaigns. Some of the key participants in the market are well-known construction organizations, specialized mining corporations for graders, and new start-ups looking to disrupt the market with inventive solutions.

September 2020: Rio Tinto Group, the biggest mineral supplier and miner in the world, initiated the GR5505 grader customization project after seeing the fleet delivery of GR2605 graders customized by XCMG. (Source: https://www.xcmg.com/en-ap/news/news-detail-626579.htm) March 2019: The GD655-7 motor grader was launched by Komatsu Ltd. It boasts a comfortable cabin, steering wheel, and low-effort-based control levers. (Source:https://www.komatsu.com/en/newsroom/2019/2019-03-11-komatsu-america-corp-introduces-the-new-gd655-7-motor-grader/)

Top Companies Market Share in Graders Industry: (In no particular order of Rank)

• Caterpillar Inc.
• Deere and Company
• CNH Industrial N.V.
• Komatsu Ltd.
• Terex Corporation
• Volvo Construction Equipment and Services
• Inc.
• Guangxi LiuGong Machinery Co. Ltd.
• Sany Group Co. Ltd.
• XCMG Construction Machinery Co. Ltd.
• Lonking Holdings Limited
• Shantui Construction Machinery Co. Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Graders Market

Which Region Dominates the Graders Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. The adoption of graders in the North American region is being driven by an increase in mining and construction as well as a constant growth in infrastructure development. In addition, graders are utilized in these areas to remove snow from both municipal and residential areas, enabling future demand growth.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Graders market due to several compelling reasons. ? With abundant raw materials, more investment, simple technology adoption, and other factors, infrastructure activity is growing throughout the Asia-Pacific region, particularly in emerging nations like China and India. Infrastructure transformation is being made possible by enhanced building of roads, ports, bridges, and highways. Sales of graders are expected to increase gradually over the years to come due to the expanding infrastructure sector.

The current report Scope analyzes Graders Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Graders

According to Cognitive Market Research, the global Graders market size was estimated at USD 4258.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1703.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Graders market with a market size of USD 1344.01 million in 2024 and is projected to grow at a CAGR of 1.6% during the forecast period. The US is a center for technology innovation, which has contributed to the uptake of sophisticated grading tools like computerized controls and GPS navigation systems.
• The Canada Graders market had a market share of USD 204.41 million in 2024 and is projected to grow at a CAGR of 2.6% during the forecast period. Graders are needed for mining operations due to Canada's abundance of natural resources, which is driving market expansion.
• The Mexico Graders market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 155.01 million in 2024.

Europe Graders

According to Cognitive Market Research, the global Graders market size was estimated at USD 4258.6 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1277.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.1% from 2024 to 2031.

• The United Kingdom Graders market had a market share of USD 214.63 million in 2024 and is projected to grow at a CAGR of 2.9% during the forecast period. In the UK, strict environmental rules are driving demand for graders that are less hazardous and more environmentally friendly.
• The France Graders market is projected to witness growth at a CAGR of 1.3% during the forecast period, with a market size of USD 117.54 million in 2024.
• According to Cognitive Market Research, the Germany Graders market size was valued at USD 252.96 million in 2024 and is projected to grow at a CAGR of 2.3% during the forecast period. German companies take the lead in creating cutting-edge grading technology, thereby encouraging market expansion and adoption.
• The Italy Graders market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 109.87 million in 2024.
• The Russia Graders market is projected to witness growth at a CAGR of 1.1% during the forecast period, with a market size of USD 198.02 million in 2024.
• The Spain Graders market is projected to witness growth at a CAGR of 1.2% during the forecast period with a market size of USD 104.76 million in 2024
• The Luxembourg Graders market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 39.60 million in 2024.
• The Portugal Graders market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 26.83 million in 2024.
• The Greece Graders market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 15.33 million in 2024.
• Rest of Europe's Graders market is projected to witness growth at a CAGR of 0.8% during the forecast period, with a market size of USD 198.02 million in 2024.

Asia Pacific Graders

According to Cognitive Market Research, the global Graders market size was estimated at USD 4258.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 979.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Graders market size was valued at USD 440.77 million in 2024 and is projected to grow at a CAGR of 5.1% during the forecast period. The need for graders for road building and land preparation has been driven by China's extensive infrastructure initiatives, such as the Belt and Road Initiative.
• The Japan Graders market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 135.17 million in 2024.
• The India Graders market had a market share of USD 117.54 million in 2024 and is projected to grow at a CAGR of 7.4% during the forecast period. In India, the implementation of revolutionary grading technology to boost production and efficiency is growing.
• The South Korea Graders market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 97.95 million in 2024.
• The Australia Graders market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 50.93 million in 2024.
• The South East Asia Graders market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 67.58 million in 2024.
• The Rest of Asia Pacific Graders market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 69.54 million in 2024.

South America Graders

According to Cognitive Market Research, the global Graders market size was estimated at USD 4258.6 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 212.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Graders market size was valued at USD 91.13 million in 2024 and is projected to grow at a CAGR of 3.6% during the forecast period. The demand for graders in projects involving public, private, and mixed infrastructure is boosted by Brazil's expanding construction sector.
• Argentina Graders market had a market share of USD 35.77 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. The increasing need for graders in a variety of building projects has been enhanced by Argentina's developing construction industry.
• Colombia Graders market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 18.95 million in 2024.
• Peru Graders market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 17.46 million in 2024.
• Chile Graders market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 15.33 million in 2024.
• The Rest of Latin America Graders market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 34.28 million in 2024.

Middle East and Africa Graders

According to Cognitive Market Research, the global Graders market size was estimated at USD 4258.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 85.17 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.

• The GCC Countries Graders market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 36.45 million in 2024. In order to prepare sites for mining, build roads, and reclaim land, the GCC countries will have to invest in graders.
• The Egypt Graders market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 8.94 million in 2024.
• The South Africa Graders market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 13.46 million in 2024. In a variety of building projects, graders are in tremendous demand due to South Africa's flourishing construction industry.
• The Turkey Graders market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 7.32 million in 2024.
• The Nigeria Graders market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 8.94 million in 2024.
• The Rest of the MEA Graders market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 10.05 million in 2024.

Graders Market Analysis

How are Segments Performing in the Global Graders Market?

Graders Market Base Power Segment Analysis

According to Cognitive Market Research, Above 200 HP Graders stand out as the dominating category. Because modern graders offer higher performance, the demand for graders with more than 200 horsepower will continue to expand. Even the manufacturers are concentrating on raising horsepower ratings in order to increase grader sales overall. Graders with more than 200 horsepower are more productive and appealing to large-scale companies because of technological advancements, including automation, GPS, and real-time monitoring.

Up to 200 HP Graders emerge as the fastest-growing category in the Graders market. Up to 200 HP graders are multipurpose tools that can be used for a variety of jobs, such as agricultural labor, road building, and landscaping, which is why contractors and farmers like using them. They offer versatility in operation due to their moderate horsepower, which enables them to navigate effectively in a variety of terrains and project sizes.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Graders Industry. Request a Free Sample PDF!

Graders Market Blade Pull Segment Analysis

According to Cognitive Market Research, the dominating category is Above 15,000 Ibs. Graders. The need for graders that weigh more than 15,000 pounds stems from their capacity to perform strenuous duties in the mining, building, and large-scale infrastructure industries. These sturdy machines are vital for grading, leveling, and earthmoving tasks in difficult terrains because they provide exceptional power and stability. They can handle difficult applications, including site preparation, land development, and road construction, because of their strength and efficiency. The need for heavy-duty graders grows in tandem with the expansion of construction activities and worldwide infrastructure projects. Furthermore, the expansion of mining activities and the requirement for dependable machinery in harsh settings promote the ongoing demand for graders that weigh more than 15,000 pounds.

The fastest-growing category in the Graders market is Up to 15,000 Ibs. Graders. Large-duty graders that can lift up to 15,000 pounds are useful for a variety of tasks in agriculture, gardening, and building. They are excellent for small to medium-sized jobs, including driveway grading, foundation preparation, and road maintenance, owing to their tiny size and mobility. These graders are preferred by farmers, contractors, and gardeners owing to their reduced expenditures on maintenance, ease of use, and adaptability. The market for graders weighing up to 15,000 pounds is stable and resilient as demand for residential and rural development projects rises and as effective land management becomes more and more significant.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Graders Application Segment Analysis

Application Segment Analysis

According to Cognitive Market Research, the dominating category is Construction. Graders are always in demand since the construction industry uses them extensively to ensure efficiency, safety, and quality in the built environment at every stage of a project. Graders are utilized in landscaping projects to improve the visual appeal and practicality of outdoor areas by shaping land, establishing drainage systems, and preparing surfaces for planting.

The fastest-growing category in the Graders market is Mining. Graders help mining mines get bigger by clearing away overburden and reshaping the land to make room for further extraction work. Graders lower the chance of accidents and vehicle rollovers by maintaining appropriate road conditions, which enhances safety in mining operations.

• Construction
• Mining
• Snow Removal
• Land Grading and Levelling
• Others

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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