Earthmoving Equipment Market Sale to reach a revenue of US$ 207.63 Bn between 2017 and 2025

Earthmoving Equipment Market 2022

Persistence Market Research's report, titled "Earth Moving Equipment Market: Global Industry Analysis and Forecast, 2017-2025" estimates that the global earth moving equipment market will witness 6.7% CAGR in terms of volume between 2017 and 2025. Further, the market is set to create an incremental opportunity of US$ 87.65 Bn over 2025 to reach a revenue of US$ 207.63 Bn.

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Key Companies- 

• Caterpillar Inc.
• Komatsu Ltd.
• Hitachi Construction Machinery Co. Ltd.
• Volvo Construction Equipment
• Liebherr Group
• Deere & Company
• Xuzhou Construction Machinery Group Co. Ltd.
• Sany Heavy Industry Co Ltd.
• Doosan Corporation
• Others.

Robust industrialization in several parts of the world continues to present lucrative opportunities for earth moving equipment manufacturers. Incidentally, some of the latest earth moving equipment come with state-of-the-art designs and customizations such as pedal to joysticks, suspension seats and air conditioned cabin. Despite the addition of such cutting-edge features, earth moving equipment remain quite affordable. According to a Persistence Market Report (PMR) report, the global earth moving equipment market is expected to grow 1.6x in term of volume by 2025.

Increasing urbanization and construction & mining activities are amongst some of the primary factors fueling the demand for earth moving equipment in recent years. On the flipside, enforcement of stricter laws to check rising emission levels is limiting extensive use of such equipment. Moreover, most of the equipment used in mining, construction, farming, forestry, and other industries have a complex operating system and require extreme care in handling.

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The report also observes that upcoming government infrastructural and construction projects in both developed and emerging countries are expected to create immense opportunities for earth moving equipment manufacturing companies. In addition, various PPP (Public Private Partnership) projects involving huge investments in commercial and residential constructions is expected to drive the growth of earth moving equipment market in the medium term. Public-private partnership guarantees better institutional legal framework for private investors while helping governments to progress rapidly in developing country's public welfare infrastructures.

Additional Excerpts from the Report Include

By product type (volume), demand for backhoe loaders is expected to remain strong in 2017 and beyond. This primarily due to their relatively smaller size, making them easy to use in medium, large and small scale construction projects. In terms of volume, backhoe loaders will witness a CAGR of 7.3% during the forecast period.

Amongst regions, the market for earth moving equipment in APAC is expected to remain in a dominant position over the assessment period. By 2017-end, the region's market is anticipated to account for more than 50% volume share of the global earth moving equipment. Emerging countries such as China and India are undergoing intensive construction activities, which is majorly supporting the growth of the market in the region.

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Key Questions Answered in Earthmoving Equipment Market Report -

• What will the Earthmoving Equipment Market growth rate in Future?
• What are the key factors driving the global Earthmoving Equipment Market?
• Who are the key manufacturers in Earthmoving Equipment Market space?
• What are the opportunities and threats faced by the vendors in the global Earthmoving Equipment industry?
• What are sales, revenue, and price analysis by regions of Earthmoving Equipment industry?

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