Motor Grader Market

The article discusses the expected growth in the global motor grader market over the period from 2022 to 2030. Despite a slight decline in consumption in 2022, the market is forecasted to show an upward trend, reaching 42K units by 2030. The market value is projected to increase as well. The United States, Mexico, and Brazil were among the top consumers in 2022, while China led in production and exports. Import and export prices varied by country, with Brazil having the highest export price. Overall, the global motor grader market is expected to see continued growth in the coming years.

Market Forecast

Driven by rising demand for motor grader worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market volume to 42K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market value to $5.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Motor Graders And Levellers

In 2022, global motor grader consumption reduced to 33K units, declining by -3.5% compared with the year before. In general, consumption showed a relatively flat trend pattern. Global consumption peaked at 39K units in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

The global motor grader market revenue rose modestly to $3.9B in 2022, growing by 4.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $4.4B. From 2016 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (4.5K units), Mexico (4.4K units) and Brazil (2.5K units), with a combined 34% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the United States (with a CAGR of +34.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest motor grader markets worldwide were the United States ($772M), Brazil ($520M) and Mexico ($301M), with a combined 41% share of the global market.

Among the main consuming countries, the United States, with a CAGR of +35.3%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of motor grader per capita consumption was registered in Singapore (169 units per million persons), followed by Mexico (34 units per million persons), Australia (31 units per million persons) and Argentina (19 units per million persons), while the world average per capita consumption of motor grader was estimated at 4.2 units per million persons.

In Singapore, motor grader per capita consumption shrank by an average annual rate of -2.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (+16.9% per year) and Australia (-3.0% per year).

Production

World Production of Motor Graders And Levellers

For the fourth consecutive year, the global market recorded growth in production of motor graders and levellers, which increased by 1.2% to 35K units in 2022. The total output volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 2.9%. Over the period under review, global production reached the maximum volume in 2022 and is likely to continue growth in the near future.

In value terms, motor grader production dropped modestly to $3.7B in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 12% against the previous year. As a result, production reached the peak level of $4.2B. From 2016 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

China (14K units) constituted the country with the largest volume of motor grader production, accounting for 40% of total volume. Moreover, motor grader production in China exceeded the figures recorded by the second-largest producer, the United States (5.3K units), threefold. The third position in this ranking was held by Brazil (3.9K units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: the United States (+0.6% per year) and Brazil (+0.7% per year).

Imports

World Imports of Motor Graders And Levellers

In 2022, overseas purchases of motor graders and levellers increased by 21% to 24K units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. Global imports peaked at 25K units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, motor grader imports expanded significantly to $2.2B in 2022. In general, imports, however, continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 39%. Over the period under review, global imports hit record highs at $2.9B in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, Mexico (4.4K units), distantly followed by Indonesia (1.5K units), the United States (1.4K units) and Russia (1.1K units) represented the key importers of motor graders and levellers, together achieving 35% of total imports. India (1,070 units), the Philippines (959 units), Argentina (893 units), Australia (867 units), the UK (840 units), Canada (743 units), Singapore (496 units) and South Africa (370 units) took a minor share of total imports.

Mexico was also the fastest-growing in terms of the motor graders and levellers imports, with a CAGR of +17.4% from 2012 to 2022. At the same time, the Philippines (+15.9%), Argentina (+14.6%), Russia (+3.5%) and India (+2.8%) displayed positive paces of growth. Indonesia experienced a relatively flat trend pattern. By contrast, South Africa (-1.5%), Singapore (-1.8%), Australia (-1.9%), the United States (-3.2%), Canada (-5.7%) and the UK (-9.3%) illustrated a downward trend over the same period. Mexico (+15 p.p.), the Philippines (+3.1 p.p.) and Argentina (+2.8 p.p.) significantly strengthened its position in terms of the global imports, while the United States, Canada and the UK saw its share reduced by -2.1%, -2.4% and -5.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($283M), Australia ($253M) and Canada ($196M) were the countries with the highest levels of imports in 2022, together accounting for 33% of global imports. Indonesia, Russia, Argentina, India, Mexico, South Africa, the Philippines, the UK and Singapore lagged somewhat behind, together accounting for a further 27%.

In terms of the main importing countries, India, with a CAGR of +16.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average motor grader import price stood at $92,146 per unit in 2022, dropping by -11.3% against the previous year. Overall, the import price saw a pronounced slump. The pace of growth was the most pronounced in 2018 an increase of 25% against the previous year. Over the period under review, average import prices reached the maximum at $117,818 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($292,060 per unit), while the UK ($11,909 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Motor Graders And Levellers

In 2022, overseas shipments of motor graders and levellers increased by 29% to 25K units, rising for the second consecutive year after two years of decline. Overall, total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, motor grader exports reached $2.1B in 2022. Over the period under review, exports, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2021 when exports increased by 37%. Over the period under review, the global exports attained the peak figure at $2.7B in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

China prevails in exports structure, amounting to 13K units, which was approx. 52% of total exports in 2022. The United States (2.3K units) ranks second in terms of the total exports with a 9.1% share, followed by Japan (8.5%) and Brazil (6.7%). Italy (961 units), Poland (630 units), the UK (552 units), Turkey (536 units) and Singapore (524 units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to motor grader exports from China stood at +11.6%. At the same time, Poland (+29.4%), Turkey (+19.3%), Italy (+6.3%) and Singapore (+2.2%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.4% from 2012-2022. The UK and Japan experienced a relatively flat trend pattern. By contrast, Brazil (-5.8%) and the United States (-10.2%) illustrated a downward trend over the same period. China (+31 p.p.), Poland (+2.3 p.p.) and Turkey (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while Brazil and the United States saw its share reduced by -7.7% and -22.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($578M), China ($576M) and the United States ($503M) were the countries with the highest levels of exports in 2022, with a combined 78% share of global exports. Japan, Italy, Turkey, the UK, Singapore and Poland lagged somewhat behind, together accounting for a further 12%.

In terms of the main exporting countries, Italy, with a CAGR of +16.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average motor grader export price stood at $83,187 per unit in 2022, falling by -16.5% against the previous year. In general, the export price showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 an increase of 22% against the previous year. As a result, the export price attained the peak level of $131,940 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($339,687 per unit), while Poland ($7,754 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform