Press release
Earthmoving Equipment Market| Top Companies | Regional Scope, Segment Growth, Revenue Statistics | Industry Share Forecast
The global earthmoving equipment market size was USD 69.85 billion in 2018 and is projected to reach USD 84.24 billion by 2026, exhibiting a CAGR of 2.4% during the forecast period.
Request a Sample Copy -
https://www.fortunebusinessinsights.com/enquiry/sample/earthmoving-equipment-market-101705
Widening Service Offerings by OEMs to Elevate Market Potential
In a bid to enhance customer experience, Original Equipment Manufacturers (OEMs) are adopting different strategies to gain firm ground in this market, according to the earthmoving equipment market analysis. The most preferred strategies taken up by OEMs include constant improvement in operations, developing advanced machinery, and offering better and efficient after-sales services to customers. While in developing regions companies are competing over price, in developed nations competition is mainly based on delivering high-quality products and services that will benefit consumers in the long-run.
Key Industry Players:
Hyundai Heavy Industries Co. Ltd
J.C. Bamford Excavators Limited
AB Volvo
Doosan Infracore Co. Ltd
SANY America
Liebherr Group
Hitachi Construction Machinery Co. Ltd
Caterpillar Inc.
MARKET DRIVERS
The earthmoving machinery market growth across the globe is dominated by the players such as Caterpillar, Hitachi, Komatsu, Volvo Group, and SANY America. Considering the demands of the end-users, these companies are indulged in incorporating various business strategies that are used to enhance the customer experience.
Currently, it has been observed that the end-users across the developing countries, frequently prioritize on price in making investment decisions, while customers in developed economies generally prefer the productivity and other performance criteria to lower owning and operating costs over the lifetime of the machine.
In order to target the developed and the developing economies, these companies are emphasizing on developing products in accordance with customer-driven innovations that would enable the manufacturers to compete in the Earthmoving equipment market.
The Report Covers the Following, Major Points Precisely:
Top Players That Are Operating in the Global Market
• Market Segmentation
• Regional Analysis
• Deep Insights into the Market with Detailed Table of Content and Figures
• Global Market Predictions for Five Decades.
One of the primary forces driving the growth of this market is the rising investment and energy in infrastructure development across the globe. According to the World Infrastructure Congress, global expenditure on infrastructure will touch USD 9 trillion by 2025. A study by Oxford Economics estimates that the world will need to invest around USD 94 trillion between 2016 and 2040 to meet the demands of an ever-increasing world population.
This means, on average, infrastructure development will require an annual investment of USD 3.7 trillion till 2040. These numbers bode well for the earthmoving equipment market growth as rapid industrialization and urbanization, especially in developing nations, will ramp up the demand for heavy earth-moving machinery.
Stiff Competition to Energize Market Dynamics
Major companies are doubling down their investment in developing innovative products and introducing new-age technologies such as Internet of Things and Machine Learning. Furthermore, many companies are looking to entrench their position in this market through setting up of new plants and offering novel solutions to customers.
Request for Customization:
https://www.fortunebusinessinsights.com/enquiry/customization/earthmoving-equipment-market-101705
Market Segmentation of Earthmoving Equipment Market -
By Equipment Type
Excavators
Mini Excavator
Crawler Excavator
Wheeled Excavator
Others (Dragline, Long Reach, etc.)
Loaders
Skid Steer
Backhoe
Wheeled
Crawler/ Track
Mini Loaders
Dump Trucks
Articulated Trucks
Rigid Trucks
Others (Dumpers, Motor Graders, etc.)
By Industry
Mining
Construction
Agriculture & forestry
Others (Oil & Gas, etc.)
3 .By Region
North America (U.S. and Canada)
Europe (U.K., Germany, France, and the Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia, and the Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC and the Rest of the Middle East & Africa)
Latin America (Brazil, Mexico, and the Rest of Latin America)
The major strategies that the OEMs inculcate for uplifting the production and sales of the construction equipment are as follows -
Developing next-generation machinery
Investing in Operational Excellence
Offer aftermarket services
Owing to the manufacturers implicit efforts to reach out to the maximum end-users across North America, the impact of this driver is anticipated to be high over the long-term period.
Table of Content -
Introduction
Definition, By Segment
Research Approach
Sources
Executive Summary
Market Dynamics
Drivers, Restraints and Opportunities
Emerging Trends
Key Insights
Macro and Micro Economic Indicators
Consolidated SWOT Analysis of Key Players
Porter's Five Forces Analysis
Global Earthmoving Equipment Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Size Estimates and Forecasts
By Equipment Type (Value)
Excavators
Mini Excavator
Crawler Excavator
Wheeled Excavator
Others (Dragline, Long Reach, etc.)
Loaders
Skid Steer
Backhoe
Wheeled Excavator
Crawler/ Track
Mini Loaders
Dump Trucks
Articulated Trucks
Rigid Trucks
Others (Dumpers, Motor Graders, etc.)
By Industry (Value)
Mining
Construction
Agriculture & forestry
Others (Oil & Gas, etc.)
By Geography (Value)
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
North America Earthmoving Equipment Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
By Equipment Type (Value)
Excavators
Mini Excavator
Crawler Excavator
Wheeled Excavator
Others (Dragline, Long Reach, etc.)
Loaders
Skid Steer
Backhoe
Wheeled Excavator
Crawler/ Track
Mini Loaders
Dump Trucks
Articulated Trucks
Rigid Trucks
Others (Dumpers, Motor Graders, etc.)
By Industry (Value)
Mining
Construction
Agriculture & forestry
Others (Oil & Gas, etc.)
By Country (Value)
United States
Canada
TOC Continued…!!!
Contact Us:
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Earthmoving Equipment Market| Top Companies | Regional Scope, Segment Growth, Revenue Statistics | Industry Share Forecast here
News-ID: 2574792 • Views: …
More Releases from Fortune Business Insights
Future of Renewable Energy Market Insights: Growth Drivers, and Regional Develop …
Global Renewable Energy Market Overview
The global renewable energy market size was valued at USD 954 billion in 2023. The market is projected to grow from USD 1,020.94 billion in 2024 to USD 1,574.17 billion by 2032, exhibiting a CAGR of 5.56% during the forecast period. Asia Pacific dominated the renewable energy market with a market share of 67.76% in 2023. The Renewable energy market in the U.S. is projected to…
DC Drives Market Overview: Opportunities, Growth Drivers, and Key Applications
Market Overview
The global DC drives market size was valued at USD 4.34 billion in 2018 and is projected to reach USD 9.23 billion by 2032, exhibiting a CAGR of 5.59% during the forecast period of 2019-2032. Asia Pacific dominated the global market with a share of 28.8% in 2018. The DC drives market in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.59 billion by…
Humanoid Robots Market: An In-depth B2B Analysis of Size, Share, and Future Grow …
Brief Market Overview:
The global humanoid robots market is rapidly transitioning from a nascent field into a major growth sector, with its value escalating from USD 2.43 billion in 2023 to a projected USD 66.0 billion by 2032, demonstrating a remarkable CAGR of 45.5%.
These complex machines, which merge mechanical, electrical, and software engineering, are moving beyond research labs into real-world applications across industrial, service, and household sectors. This explosive growth…
Methanol Market Poised for Remarkable Growth, set to Reach USD 46.32 billion by …
The global methanol market size was valued at USD 31.26 billion in 2023. It is projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.
The global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Pollution…
More Releases for Excavator
Top Factor Driving Hydraulic Excavator Market Growth in 2025: The Role Of Boomin …
What combination of drivers is leading to accelerated growth in the hydraulic excavator market?
The rise in construction activities is projected to drive the hydraulic excavator market moving forward. Construction involves developing buildings, infrastructure, and other structures. Rapid urbanization, infrastructure development, and a focus on construction efficiency are the main drivers. Hydraulic excavators are crucial in modern construction for their power, efficiency, and versatility. According to Kazakhstan's Bureau of National Statistics,…
DigHero RC Excavator Reviews: 360 Rotation Excavator Toy For Fun Play
DigHero RC Excavator Reviews: 360 Rotation Excavator Toy For Fun Play
Unleash the Power of Construction with the Dighero RC Excavator
Dive into the exciting world of construction play with the Dighero RC Excavator, a cutting-edge 11-channel remote-controlled marvel that brings the thrill of heavy machinery right into your hands. Designed for aspiring builders and engineering enthusiasts, this dynamic toy mimics the power and functionality of real construction vehicles, providing an immersive…
Excavator Bucket Specifications, Customization and Accessories
In order to make the excavator bucket [https://www.hokparts.com/excavator-undercarriage-parts/] suitable for your application scenario, you can customize the bucket with many additional features:
- Tooth Configurations: A key strategy for customizing your excavator is to integrate a variety of tooth designs into the front of the bucket. These tines are categorized according to application requirements: chisel tines, with their smooth beveled tips and flat bottoms, are suitable for a wide range of…
Excavator Rubber Mats: The Future Direction
Excavator rubber pads [https://www.gatortrack.com/excavator-rubber-pads/] play a vital role in the construction and mining industries, providing traction, stability and protection to machines and the ground they run on. As technology continues to advance, the future direction of excavator rubber mats promises significant improvements in performance, durability and environmental sustainability.
One of the key areas for future development of track pad excavator [https://www.gatortrack.com/excavator-rubber-pads/] is the integration of advanced materials and manufacturing technology. The…
Suction Excavator (Vacuum Excavator) Market 2020 Precise Outlook- GapVax, Cappel …
The report Suction Excavator (Vacuum Excavator) provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Suction Excavator (Vacuum…
Electric Excavator Market Analysis & Forecast 2019 -2025| Sennebogen, Volvo, IH …
The 100% electric excavator prototype delivers zero emissions, 10 times higher efficiency, 10 times lower noise levels and reduced total cost of ownership compared to its conventional counterparts.
The Electric Excavator market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and…
