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Earth Moving Equipment Market Growth Factors, Expert Opinions, Industry Sales & Consumption Forecast to 2023
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The growth of construction industry in a country is measured by the growth in transportation infrastructure (rail, roads, airports, and ports), urban infrastructure (mass rail transit system, water supply and sanitation, and urban housing) and rural infrastructure (rural roads, irrigation, and rural housing).
The increase in demand is also observed due to the growing usage of earth moving equipment in newer application such as agriculture, digging and loading mainly in time sensitive projects.
The manufacturers are investing in research & development to develop better machinability and efficiency. Technology products such as Grade Control System, hydraulic excavators and Computer Aided Earthmoving System (CAES) are increasingly being introduced in the market.
In 2015, Asia-Pacific was the largest market for earth moving equipment, followed by Europe and North America. Asia-Pacific is also likely to lead the earth moving equipment market during the forecast period, owing to the growing economy and growing demand for better infrastructure.
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Some of the major competitors in the global earth moving equipment market include Doosan Infracore Ltd., Caterpillar Inc., JCB, Volvo Group, Terex Corporation, Komatsu Ltd., Sany Heavy Industries Co. Ltd, Ingersoll-Rand Inc., Deere & Company, and Liebherr Industry.
Global Earth Moving Equipment Market Segmentation
By Type
Motor Grader
Loader
Excavator
Backhoe
By Application
Construction
Underground Mining
Surface Mining
By Geography
North America
U.S.
Canada
Mexico
Western Europe
U.K.
Italy
Spain
Germany
France
Rest of Western Europe
Central & Eastern Europe
Russia
Poland
Rest of Central & Eastern Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa (MEA)
South Africa
Saudi Arabia
Iran
Rest of MEA
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