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Grader Blades Market Size
Grader Blades Market size was worth more than USD 4 billion in 2022 and is set to grow at over 5% CAGR from 2023-2032.
Increasing agricultural output across APAC countries such as India and China will positively influence the grader blades market outlook. As per data from the DGCI&S, agricultural exports in India reached a historic high of more than USD 50 billion, growing 19.92% from 2021 to 2022. While China remains the largest rice producer in the world, India takes the second-largest position.
What factors are propelling North America grader blades industry?
North America market for grader blades was worth USD 1 Billion in 2022 due to the rising demand for motor grader blades for snow removal.
Who are the key grader blade manufacturers?
ESCO Group LLC, MCE, NMC CAT, Fortus, Beri Udyog, John Deere, Kennametal Inc., Caterpillar Inc., and Komatsu Ltd are some of the major companies in the grader blades business.
Why is the demand for flat-edge grader blades increasing?
Flat edge grader blades market will expand at 5% CAGR between 2023 and 2032 driven by the growing number of road & railway infrastructure projects.
How big is the grader blades market?
Market size for grader blades was worth more than USD 4 billion in 2022 and is set to grow at over 5% CAGR from 2023-2032.