Global Self-propelled Earth Moving and Road Making Equipment Market to Benefit from New Product Launches

ALBANY, New York, August, 25, 2016 – Heavy-duty tractors are the primary earth-moving equipment and are otherwise known as bulldozers. Another popular earth-moving equipment is the scraper, used for leveling and contouring the land in road construction. Similar to scrapers, self-propelled graders feature an inclined, vertically adjustable, and long steel blade. The demand for graders and other such self-propelled earth moving and road making equipment is increasing at a steady pace. The advent of advanced technology has helped key players in manufacturing high-end self-propelled earth moving and road making equipment in recent years, which has also driven the demand. These are some of the key findings of a new report recently added to the database of Market Research Hub.

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The report, titled ‘Global Self-Propelled Earth Moving and Road Making Equipment Market to 2020 - Market Size, Growth, and Forecasts in Nearly 60 Countries,’ states that the global market is expected to expand at a steady pace owing to the introduction of new road making equipment. The report studies the changing trends in the market for various self-propelled earth moving and road making equipment such as angledozers, bulldozers, shovels and excavators, front end shovel loaders, and others.

New inventions in self-propelled graders and levelers, self-propelled scrapers, and self-propelled road rollers are also studied in the report. As per the findings of the report, the demand for self-propelled tamping machines is expected to increase in the global market. Customization in the self-propelled earth moving and road making equipment is expected to assist manufacturers to increase the sale of their products.

The research highlights the key factors affecting the demand for self-propelled earth moving and road making equipment. Technological advancements have led to air conditioned cabins, energy monitoring systems, increased safety, automatic transmissions, and GPS tracking systems. Self-propelled earth moving and road making equipment are programmed to handle repetitive tasks and operate efficiently without drivers.

A wide variety of road making products are being introduced by key companies operating in the global market. This has made the global market highly competitive. With many road construction projects in the pipeline, the demand for self-propelled earth moving and road making equipment is expected to increase in the coming years. The research briefs readers about the changing trends in the road making equipment market.

The adoption of progressive technological advances has changed many markets, and the road making equipment market is not an exception. Considering the consistently growing market, many startups are planning to introduce their self-propelled earth moving and road making equipment in the coming years. However, the high cost of advanced earth-moving and road making equipment is the major challenge expected to hamper the growth of the global market, state the analysts.

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The report covers various countries including Ethiopia, Finland, France, Georgia, Germany, Ghana, Greece, Hungary, India, Indonesia, Iran, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Kenya, Kuwait, Kyrgyzstan, Latvia, Lebanon, Lithuania, Macedonia, Albania, Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Belgium, Bolivia, Botswana, Brazil, Bulgaria, Burundi, Cameroon, and Canada to study the changing trends in the self-propelled earth moving and road making equipment market.

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This release was published on openPR.