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Graders Market Share

Report ID: GMI11139
Published Date: Aug 2024
Report Format: PDF

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Graders Market Share

Caterpillar and Komatsu are the major key players operating in the global graders industry accounting for over 35% of revenue share in 2023. Caterpillar Inc. maintains its competitive edge in the market through continuous innovation and technological advancements. The company focuses on integrating advanced features such as Grade Control, AccuGrade, and Product Link telematics systems, enhancing precision and operational efficiency. Caterpillar’s global presence, extensive distribution network, and strong brand reputation also play a pivotal role in its market leadership.

Komatsu Ltd. strengthens its position in the graders market by offering innovative products like the GD955-7, equipped with advanced control systems for precision and efficiency. The company emphasizes integrating smart technology, including GPS and telematics, to enhance grader performance and reduce operational costs. Komatsu’s strategic focus on expanding its product portfolio, providing robust after-sales service, and its commitment to sustainability initiatives, such as developing low-emission machinery, enable it to stay competitive in the evolving construction equipment market.

Graders Market Companies

Major players operating in the graders industry are:

Caterpillar Inc.
CNH Industrial N.V.
Doosan Infracore
Hitachi Construction Machinery Co., Ltd.
John Deere
Komatsu Ltd.
Liebherr Group
SANY Group
Volvo Construction Equipment
XCMG Group

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of graders was worth over USD 3.8 billion and is projected to grow at a CAGR of over 5% through 2032, primarily driven by rising construction spending.

The ICE segment commanded about 98% of the graders market share in 2023, owing to its unrivaled power and efficiency for heavy-duty applications.

Asia Pacific graders industry captured 44% revenue share in 2023, driven by heavy investments in road construction, smart city projects, rising population, and supportive government initiatives.

Caterpillar Inc., CNH Industrial N.V., Doosan Infracore, Hitachi Construction Machinery Co., Ltd., John Deere, Komatsu Ltd., Liebherr Group, SANY Group, Volvo Construction Equipment, and XCMG Group.