The motor grader market is experiencing high demand, especially in the road construction and mining industries. This trend is motivating manufacturers to broaden their product range, improve their offerings through value engineering, and boost sales by focusing on corporate clients, rental companies, and contractors of all sizes.
The ongoing boom in road construction projects continues to push demand for motor graders, giving manufacturers confidence in long-term demand. The challenge is to meet new emission standards, manage the increased cost of machines, and satisfy the needs of customers, particularly sub-contractors and rental companies. Potential disruptions in sales might occur as the higher end of the market prefers more powerful engines.
Manufacturers anticipate demand for construction equipment may be impacted by extended payment cycles from main project developers to contractors and subcontractors, potentially causing financial constraints and affecting new equipment investment decisions. Additionally, there could be a temporary slow in announcement and implementation of new road projects. Despite these challenges, motor grader manufacturers are persisting with strategies to establish their competitive edge. These include developing new and more powerful models, upgrading existing ones, expanding dealer networks and enhancing brand recognition.
This story is from the July 2024 edition of Construction Week.
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This story is from the July 2024 edition of Construction Week.
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