Earth Moving Equipment Market Top Keyplayers Caterpillar Inc., CNH Industrial N.V., Doosan Infracore Ltd., Hitachi Construction Machinery Co. Ltd., JCB Ltd., Komatsu Ltd., Liebherr AG

Earth moving equipment is a heavy equipment designed for construction operations. Global earth moving equipment market is projected to exhibit CAGR of 7.7% in the forecast period (2018 – 2026). Increasing growth of the construction industry is one of the major driving factors, leading to high demand for earth moving equipment, globally.

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Loaders segment held the dominant position in earth moving equipment market in 2017

On the basis of product type, loaders segment held the dominant position in the market in 2017 and is expected to retain its dominance throughout the forecast period, owing to high productivity and low cost of maintenance. A loader is a heavy machine used in construction to move or load material in other machinery such as railroad cars, dump trucks etc. these machines are majorly used for backfilling ditches, digging basements or gun emplacements, lifting, and moving construction. Asia Pacific held the dominant position in earth moving equipment market in 2017.

Asia Pacific held the dominant position in earth moving equipment market in 2017

Asia Pacific earth moving equipment market held the dominant position in the global earth moving equipment market in 2017 and is projected to retain its dominance throughout the forecast period. This is owing to increasing government investment for the development of infrastructure by various countries in Asia Pacific.

increasing urban population in India has also increased demand for housing projects and this is expected to drive growth of the market over the forecast period. For instance, according to Population Reference Bureau, the total population of India was 1,352.6 million in 2017. Of this population, 33% lives in urban areas that is approximate 446 million. This is expected to aid in growth of the market in the region to a certain extent. Furthermore, rising number of construction projects in China is leading to increasing demand for earth moving equipment.

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Key Players- Global Earth Moving Equipment Market

Major players operating in the global earth moving equipment market include Caterpillar Inc., CNH Industrial N.V., Doosan Infracore Ltd., Hitachi Construction Machinery Co. Ltd., JCB Ltd., Komatsu Ltd., Liebherr AG, Sany Heavy Equipment International Holdings Co. Ltd, Terex Corporation, and Volvo Construction Equipment.

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