Earth Moving Equipment Market Witness 7.7% CAGR By 2026

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. According to Chartered Institute of Building, by 2030, the construction industry is expected to account for 14.7% of the global GDP.

Get Free Sample Copy here @ https://www.coherentmarketinsights.com/insight/request-sample/1869

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.

Increasing mining industry in North America is one of the major driving factors for growth of the earth moving equipment market in this region. The U.S. held the second-largest position in the global mining production. According to World Mining Congress, the U.S. held a share of 11.5% of the global mining production in 2016. In addition to this, According to World Mining Congress, in 2016, the North America region produced 2.4 billion metric tons mineral raw material up from 2.3 billion metric ton in 2010. Hence, this increasing production of mining have raised demand for earth moving equipment in this region.

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. India, China, and Japan are the major growth engines in this region. High investments for infrastructure development by the Indian government have accelerated growth of earth moving equipment market in India.

Ask Query here @ https://www.coherentmarketinsights.com/insight/talk-to-analyst/1869

Table of Contents of this report:

-Research Objective and Assumption
-Research Objectives
-Assumptions
-Abbreviations
-Market Purview
-Report Description
-Market Definition and Scope
-Executive Summary
-Market Snippet, By Technology
-Market Snippet, By Disease Indication
-Market Snippet, By End User
-Market Snippet, By Region
-Coherent Opportunity Map (COM)
-Market Dynamics, Regulations, and Trends Analysis
-Market Dynamics
-Drivers
-Restraints
-Market Opportunities
-Regulatory Scenario
-Industry Trends
-Value Chain Analysis
-Merger and Acquisitions
-New Product Approvals/Launch
-Porter’s Analysis
-PEST Analysis

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.