Global Graders Market Expectations & Growth Trends Highlighted until 2026
The market is projected to reach US$ 4,841.7 million revenue by 2026 end
[USPRwire, Tue Dec 18 2018] 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.
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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.
A new report by Fact.MR expects slow growth in the global graders market. 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.
Graders with Base Power of Above 200 HP to Gain Maximum Traction
Compared to the graders with upto 200 HP, graders with above 200 HP are likely to gain maximum traction in the global graders market. By 2026 end, above 200 HP graders are projected to surpass US$ 2,700 million revenue. Graders with high horsepower are witnessing increasing demand as it offers better performance. Manufacturers are also improving horsepower ratings to increase the sales in the global market.
Above 15,000 Ibs Graders to Account for Maximum Revenue in the Global Market for Graders
Above 15,000 Ibs graders are likely to witness the substantial growth through 2026. Above 15,000 Ibs graders are projected to create an incremental opportunity of over US$ 500 million between 2017 and 2026. Graders are used largely in a wide variety of conditions such as from drifted snow to overgrown ditches hence graders with blade pull of above 15,000 Ibs are being used on a large scale as it has ample power to cut through the material using blade.
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Graders to Find Major Application in Construction Industry
Compared to the various industries where graders are used, the construction industry is likely to emerge as the largest user of graders. By 2026 end, construction industry is projected to surpass US$ 2,500 million revenue. Growing construction industry is one of the most significant driving factors in the global market for graders. Moreover, the governments of various countries are focusing on developing better transportation facilities. This is likely to create an opportunity for grader manufacturers.
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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