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Earthmoving Market Trends, Top Companies, Share, Growth And Forecast To 2031 | J.C. Bamford Excavators Limited, AB Volvo, Doosan Infracore Co. Ltd, SANY America, Liebherr Group

Earthmoving Market Growth

Earthmoving Market Growth

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The global earthmoving market report by the business research company identifies the rising urban population generating higher demand for better infrastructure is expected to be a major growth driver for the earthmoving market. The increase in the urban population contributes to the demand for improved and advanced infrastructure. According to The International Institute for Environment and Development, the world's urban population has increased to 4.4 billion in 2020. Furthermore, according to United Nations, Department of Economic and Social Affairs the proportion is expected to reach 68% by the end of 2050. This four-fold growth creates a need for more infrastructure, increased urban developments, and more building activities to accommodate people. Thus, propelling the demand for construction equipment including earthmoving, as these machines are used for land clearing, lifting, and other heavy work.

The global earthmoving market grew from $84.89 billion in 2021 to $95.13 billion in 2022 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The earthmoving market is expected to grow to $111.58 billion in 2026 at a CAGR of 4.1%.

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Asia Pacific was the largest region in the earthmoving market in 2021. Western Europe was the second-largest region in the earthmoving market. The regions covered in the earthmoving report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the earthmoving market are 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, Komatsu, and Bobcat Company.

The global earthmoving market is segmented -
1) By Equipment: Excavators, Loaders, Dump trucks, Other Equipments
2) By Application: Construction, Underground, Mining, Surface Mining
3) By End-User: Construction, Mining, Agriculture & forestry, Other End-Users

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The Earthmoving Market Report Contents Include
1. Executive Summary
2. Earthmoving Market Characteristics
3. Earthmoving Market Trends And Strategies
4. Earthmoving Market - Macro Economic Scenario
5. Earthmoving Market Size And Growth
....
26. Africa Earthmoving Market
27. Earthmoving Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Earthmoving Market
29. Earthmoving Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the earthmoving market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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