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Earthmoving Equipment Market Growth & Revenue Forecast over 2019 – 2023 | Terex Corporation, John Deere, Komatsu, Liebherr, Hitachi, Caterpillar

12-02-2019 03:47 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Earthmoving Equipment Market

Earthmoving Equipment Market

A detailed report on Earthmoving Equipment Market put together by Global Market Insights offers a succinct study on regional forecast, industry size, revenue estimations related to the industry. The report further emphasizes primary challenges and growth trends adopted by leading manufacturers of the dynamic competitive spectrum of the Earthmoving Equipment Industry.

Growing trend towards the usage of used heavy machinery across numerous countries may prove to be a threat to the new products that are to be launched in the segment. Increasing expenditure on infrastructure activities is also forecast to escalate earthmoving equipment market demand, notably over the coming years.

Request for a sample copy of this report @
https://www.gminsights.com/request-sample/detail/408

Earthmoving equipment market size is projected to reach USD 192.45 billion by 2023; as per the latest research report by Global Market Insights, Inc. growing adoption in the commercial sector, favorable Government initiatives and growing transport infrastructure development worldwide will drive the global market size.

The multifunction equipment is preferred over single-function equipment for saving the cost. This also reduces the time and labor required to accomplish the task with improved efficiency and extended productivity as added advantages. Rising investments in R&D to discover solutions to enhance product offerings will propel the earthmoving equipment market.

Excavators will continue to be the most attractive equipment with more than 9% CAGR from 2016 to 2023. Real-time monitoring features for identifying and supervising system failure are expected to drive demand.

Some of the key participants operating in the global earthmoving equipment market include
1. John Deer
2. Caterpillar
3. Komatsu
4. Volvo
5. Hitachi
6. Liebherr
7. Doosan

Make an Inquiry for Purchasing this Report @
https://www.gminsights.com/inquiry-before-buying/408

In Private and Government sectors, increasing demand for technologically advanced solutions, featuring better material handling and improved fuel efficiency combined with lower emissions and safety is expected to propel the market worldwide. Europe earthmoving equipment market share will remain steady, with revenue forecast to exceed 43 billion in predicted timeframe.

Earthmoving machinery is mainly applied in the construction industry. The construction industry is predicted to maintain its dominance, with more than 60 % of the earthmoving equipment market share. Excavator are used in surface level and below ground operations. Rising demand in factories and manufacturing facilities will drive the excavator segment growth. Obtaining construction equipment on rent or lease is a rising trend. The construction equipment rental market is predicted to exceed USD 85 billion by 2023.

Related News: https://www.globenewswire.com/news-release/2016/05/04/836477/0/en/Earthmoving-Equipment-Market-size-worth-192-45-Billion-by-2023-at-7-9-CAGR-Global-Market-Insights-Inc.html

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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