February 3, 2023

Global “Earthmoving Equipment  study 2022, the industry landscape is covered from driving factors to upstream markets and the overall state of the market. An in-depth analysis of the overall growth prospects for the global and regional market was provided which was based on an in-depth analysis of key industry players, primary and secondary data.

Market Analysis and Insights: Global Earth moving Equipment

Due to the COVID-19 pandemic, the global Earth moving Equipment size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with an Impressive CAGR during the review period. Fully considering the economic change by this health crisis, Small Size accounting for % of the Earth moving Equipment in 2022, is projected to value USD million by 2028, growing at a revised magnificent CAGR in the post-COVID-19 period. While Chemical Industry segment is altered to a magnificent CAGR throughout this forecast period.

 The global earthmoving equipment market size stood at USD 69.85 billion in 2018 and is projected to reach USD 84.24 billion by 2026, exhibiting a CAGR of 2.4% during the forecast period

Earth moving Equipment Regional Analysis:

Moreover, This report focuses on Earth moving Equipment, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2029, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

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Top companies in the Global Earth moving Equipment research report include:

  • Hyundai Heavy Industries Co. Ltd
  • J.C. Bamford Excavators Limited
  • AB Volvo
  • Doosan Infracore Co. Ltd
  • SANY America
  • Liebherr Group
  • Hitachi Construction Machinery Co. Ltd
  • Terex Corporation
  • Caterpillar Inc.

Speedy Growth of Construction and Mining Industries to Propel the Market in Asia-Pacific

Rapid expansion of the construction and mining industries enabled Asia-Pacific to generate a revenue of USD 26.81 billion in 2018. The earthmoving equipment market trends show that the region will continue its dominance till 2026 owing to the roaring demand for better infrastructure in India and China. This, coupled with government initiatives and private sector investment in the building roads, bridges, etc., will further propel the market in the region.

North America is slated to hold a significant portion in the earthmoving equipment market share as a result of the presence of big companies in the region and their increasing investment in research and development to come out with advanced technologies.

Europe is also anticipated to experience a robust growth period on account of the rising use of heavy earthmoving machinery, mainly in Western European countries. Additionally, strict implementation of regulatory norms by governments in the region will also bode well for the market.

In Middle East and Africa, healthy growth is expected as a result of steady economic development in these regions.

Market Segmentation-

  • By Equipment Type (Value)
    • Excavators
      • Mini Excavator
      • Crawler Excavator
      • Wheeled Excavator
      • Others (Dragline, Long Reach, etc.)
    • Loaders
      • Skid Steer
      • Backhoe
      • Wheeled Excavator
      • Crawler/ Track
      • Mini Loaders
    • Dump Trucks
      • Articulated Trucks
      • Rigid Trucks
    • Others (Dumpers, Motor Graders, etc.)
  • By Industry (Value)
    • Mining
    • Construction
    • Agriculture & forestry
    • Others (Oil & Gas, etc.)
  • By Geography (Value)
    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • Latin America

 

COVID-19 Outbreak Impact Analysis on Earth moving Equipment

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

The COVID-19 outbreak has spawned widespread economic distress and uncertainty, with many industries, markets, and businesses undergoing tremendous stress. However, together, the global community can tide over these challenging times and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.

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Earth moving Equipment Historical Data:

  • Industry Trends: Global Revenue, Status and Outlook.
  • Market segment: by types, by applications, by regions / geography.
  • Competitive landscape: for producers, development trends.
  • Revenue of the product for the best players: market share, growth rate, analysis of the current market situation.
  • Sales revenue: market share, growth rate, current market analysis.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Frequently Asked Question-

  • What is the earthmoving industry?
  • How big is the heavy equipment industry?
  • Which of the following is an earth moving equipment?
  • earth moving equipment market in india
  • earthmoving industry
  • earth moving equipment
  • excavators market
  • earth movers industry
  • types of equipment

 

If you have any special requirements, please let us know and we will offer you the report as you want. you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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