|05-14-2018 08:44 AM CET - Industry, Real Estate & Construction||
Global Graders Market Is Projected to Reach US$ 4,841.7 Million Revenue by 2026
Press release from: Fact.MR
A freshly compiled business intelligent report, titled “Graders Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” has been publicized to the vast archive of Fact.MR online repository. This _ page study delivers all the vital details and information required to know about “Graders” market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.
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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.
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.
According to the latest report compiled by Fact.MR, the global graders market is expected to see sluggish growth, registering 2.5% CAGR during the forecast period 2017-2026. The global graders market is also estimated to bring in US$ 4,841.7 million revenue by the end of 2026. While in terms of volume, 18,711 graders are estimated to be sold by the end of 2026. Below are some of the highlights on how the global graders market will perform in the near future.
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.
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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.
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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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market Reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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