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Grader Blades Market Trends
Grader blades are used by land operators to flatten down, reduce height and smoothen a surface with applications in farming, landscaping, agriculture, and construction. The increasing number of building activities and infrastructure development initiatives worldwide are accelerating the demand for grader blades. These tools are utilized in real estate management to large-scale commercial buildings. As per data from the U.S. Department of Housing & Urban Development and the U.S. Census Bureau, single-family housing starts in March 2023 increased by 2.7% from 838,000 in February to 861,000.
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.