South Korea Motor Grader Market (2020-2026) | Forecast, Companies, Analysis, Value, Outlook, Trends, COVID-19 IMPACT, Industry, Size, Revenue, Share & Growth

South Korea Motor Grader Market witnessed a boom in recent years on account of an increase in infrastructure spending by the government, a rising number of construction sector projects such as the extension of railway lines, the transformation of airports as well as rising foreign investment in the industrial and commercial sectors. However, the recent outbreak of the COVID-19 virus in South Korea is expected to have a significant impact on businesses and industries, thus leading to reduced demand for motor grader equipment in the South Korea market.

According to 6Wresearch, South Korea Motor Grader Market is anticipated to register growth during 2020-2026F. South Korean Ministry of Agriculture, Food and Rural Affairs (MAFRA) has come up with the “Vision 2030” initiative to double the value of the agriculture sector by investing $21.3 billion in South Korea by 2030. MEFRA aims to focus on improving the overall agricultural system by decreasing tax rates, promoting public-private partnerships (PPPs) in the agriculture sector and leniency in foreign trade policy to encourage foreign investment in South Korea. Thus, the increase in production capacity, commercialization, and mechanization in the agriculture sector would boost the demand for motor grader equipment in South Korea.

By capacity, a small motor grader within a range of 80-150 horsepower is usually used where there is small space for leveling, ditching, and cutting material such as construction sites, landscaping jobs, and road maintenance. Upcoming projects such as the construction of the U.S army base in South Korea worth $400 million, port development project, Marduk-Centum Inner Circle City highway, and Icheon-Osan expressway project would create demand for short motor grader in the South Korean market.

The South Korea motor grader market report thoroughly covers the market by types, capacity, and applications. South Korea's motor grader market outlook report provides an unbiased and detailed analysis of the on-going South Korea motor grader market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Motor grader has been playing a vital role in the mining and oil extraction process. With the convenience provided by the equipment, the construction process has no doubt become easier and has been proven evident for the success and growth, and development of the South Korean infrastructural industry growth. Additionally, a rise in the newer construction models and integration of modest infrastructure inputs has led to an increased demand for motor graders in the country and is anticipated to contribute towards the increased success of the South Korea motor grader market in the forthcoming years. Further, on the basis of the type of motor graders, the 80-150 Hp category range is expected to dominate the overall market revenues in the forthcoming years backed by the convenience they provide in terms of use in tight and confined places. Since, the country has a vast number of construction projects lined up in due course of time to be integrated and also, the construction industry is the root for the growth of the country and various industrial formats across the country, the use of the small motor graders is highly identifiable in the fulfillment of construction projects and as a result, has led to an increase in the deployment of the machinery, which would turn out to be a growth contributing factor for the South Korea motor grader market in the coming time zone. 

Key Highlights of The Reports:

• South Korea Motor Grader Market Overview
• South Korea Motor Grader Market Outlook
• South Korea Motor Grader Market Forecast
• Historical Data of South Korea Motor Grader Market Revenues and Volume for the Period 2016-2019
• South Korea Motor Grader Market Size & Motor Grader Market Forecast of Revenues and Volume, Until 2026
• Historical Data of South Korea Motor Grader Market Revenues and Volume, By Types, for the Period 2016-2019
• Market Size & Forecast of South Korea Motor Grader Market Revenues and Volume, By Types, Until 2026
• Historical Data of South Korea Motor Grader Market Revenues and Volume, By Capacity, for the Period 2016-2019
• Market Size & Forecast of South Korea Motor Grader Market Revenues and Volume, By Capacity, Until 2026
• Historical Data of South Korea Motor Grader Market Revenues and Volume, By Applications, for the Period 2016-2019
• Market Size & Forecast of South Korea Motor Grader Market Revenues and Volume, By Applications, Until 2026
• Market Drivers and Restraints
• South Korea Motor Grader Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis and Market Opportunity Assessment
• South Korea Motor Grader Market Share, By Players
• South Korea Motor Grader Market Overview on Competitive Benchmarking
• Company Profiles

Markets Covered

The South Korea Motor Grader Market report provides a detailed analysis of the following market segments:

• By Types
  • Rigid Frame
  • Articulated Frame
• By Capacity
  • Small Motor Graders (80-150 HP)
  • Medium Motor Grader (150-300 HP)
  • Large Motor Grader (Above 300 HP)
• By Applications
  • Construction
  • Mining
  • Forestry & Agriculture
  • Other (Infrastructure, oil, and gas, etc.)

Other Key Reports Available:

• China Motor Grader Market Report
• Japan Motor Grader Market Report
• India Motor Grader Market Report
• Indonesia Motor Grader Market Report
• Philippines Motor Grader Market Report
• Malaysia Motor Grader Market Report
• Myanmar Motor Grader Market Report
• Cambodia Motor Grader Market Report
• Australia Motor Grader Market Report

Frequently Asked Questions About the Market Study (FAQs):