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Earthmoving Equipment Market 2018 Global Analysis by Top Manufacturers like Caterpillar, Komatsu Ltd, AB Volvo

05-18-2018 07:10 AM CET | Industry, Real Estate & Construction

Press release from: The Insight Partners

The Insight Partners

The Insight Partners

Heavy equipment primarily designed to carry construction activities mostly involving earthwork operations are known as earthmoving equipment. These equipment are used to transport or move large amount of construction materials or landscape areas. Some of the major application areas includes construction activity, mining, digging, and irrigation systems. Based on the type of operation, these equipment are divided across several major categories namely material handler, loader, scraper, grader, excavator, compactors, paving equipment, and others. In comparison to other light machines, these vehicles are designed with mechanical advantage to increase the applied force and uses hydraulic systems as a primary source of power.

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Increasing investment in rural and urban infrastructures such as building of malls, development in airport infrastructure, construction of residential areas and irrigation systems will drive the growth of the market. Asia Pacific is expected to represent fastest growing region in global earthmoving equipment market primarily due to presence of growing economies like India and China. Rapid infrastructural development across residential, commercial, and industrial sector in these regions is expected to contribute to the high growth rate in the region. However, with ban on mining activities across several regions, financers are reluctant to fund the equipment. This may inhibit the growth of the market. To mitigate this, companies are launching products low on initial investments targeting entry level customers in order to ensure better and large customer base in the future.

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Earthmoving Equipment Market Players:

1. Caterpillar
2. Komatsu Ltd.
3. AB Volvo
4. Hitachi Construction Machinery Co., Ltd.
5. Liebherr Group
6. Doosan Infracore
7. Terex Corporation
8. Deere & Company
9. XCMG Group
10. SANY GROUP

About The Insight Partners:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.

Contact Us:

Call: +1-646-491-9876

Email: sales@theinsightpartners.com

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