Press release
Leading Companies Consolidating Their Presence in the Earthmoving Market
Earthmoving
Projected Growth and Market Size of the Earthmoving Industry
The earthmoving market is expected to reach a valuation of $111.59 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.9%. This expansion is primarily fueled by advancements such as automation and AI integration, the introduction of electric and hybrid machinery, and enhanced remote monitoring through telematics. Additionally, factors like urbanization, infrastructure projects, circular economy initiatives, and the use of advanced materials contribute to the market's upward trajectory. Among the notable trends shaping the future are the use of augmented reality for training purposes, the rise of autonomous and semi-autonomous machines, improvements in hydraulic systems, increased popularity of rental services, and data-driven decision-making processes.
Download a free sample of the earthmoving market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3661&type=smp
Significant Players Leading the Earthmoving Market
The earthmoving industry features several prominent companies including Hyundai Heavy Industries Co. Ltd., Caterpillar Inc., Sumitomo Heavy Industries Ltd., Deere & Company, Volvo Group, Komatsu Ltd., CNH Global NV, Kubota Corporation, Liebherr-International AG, and Sany Heavy Industry Co. Ltd. Other industry leaders are Hitachi Construction Machinery Co. Ltd., Doosan Bobcat Inc., Zoomlion Heavy Industry Science and Technology Co. Ltd., J.C. Bamford Excavators Limited, T Corp., LiuGong Machinery Corp., Wacker Construction Equipment AG, Shantui Construction Machinery Co. Ltd., Doosan Infracore Co. Ltd., and SANY America Inc.
Recent Strategic Moves in the Earthmoving Sector
In August 2023, McCann Industries Inc., a construction equipment manufacturer based in the United States, acquired Channahon Tractor LLC. Details of the financial terms were not disclosed. The new McCann Industries branch aims to offer sales and rental services for Kobelco and Takeuchi machinery, along with a selection of pre-owned equipment. Additionally, the branch will continue to provide parts and maintenance services for heavy equipment. Channahon Tractor LLC is itself a US-based heavy equipment manufacturer known for its extensive product range.
View the full earthmoving market report:
https://www.thebusinessresearchcompany.com/report/earthmoving-global-market-report
Innovations and Emerging Trends Transforming the Earthmoving Market
Key players in the earthmoving industry are focusing heavily on launching innovative products that meet modern demands. For example, in April 2022, Korea-based Doosan Corporation introduced two new mini-excavator models: the DX27Z-7, weighing 2.8 tonnes, and the DX35Z-7, weighing 3.9 tonnes. Both models comply with the European Union's Stage V emission standards, reflecting the company's commitment to environmental regulations. These excavators are powered by the Doosan D17 diesel engine, delivering 18.4 kW (24.7 HP) at 2400 and 2200 RPM respectively, ensuring efficient and eco-friendly performance.
Main Product and Industry Segments Influencing Earthmoving Market Growth
This report categorizes the gear box and gear motor market within the earthmoving sector into several segments:
1) Product Type: Gear Box, Gear Motors
2) Gear Type: Spur Gear, Helical Gear, Bevel Gear, Worm Gear, Planetary Gear, Cycloidal Gear
3) Distribution Channel: Direct Sales, Indirect Sales
4) End-Use Industry: Wind Power, Material Handling, Food and Beverage, Cement and Aggregates, Metals and Mining, Pharmaceutical, Construction Power Generation, Chemicals, Marine, and other industries
Further subcategories include:
- Gear Box Types: Parallel Shaft Gearbox, Right Angle Gearbox, Planetary Gearbox, Helical Gearbox
- Gear Motor Types: AC Gear Motors, DC Gear Motors, Stepper Gear Motors, Servo Gear Motors
These segmentations provide a detailed view of the diverse components and applications driving the earthmoving market's development.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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 Leading Companies Consolidating Their Presence in the Earthmoving Market here
News-ID: 4323679 • Views: …
More Releases from The Business Research Company
Overview of Segmentation, Market Dynamics, and Competitive Landscape in the Heav …
The heavy construction equipment market is poised for substantial expansion over the coming years, driven by several key industry developments and technological advancements. As infrastructure demands grow and sustainability takes center stage, this sector is set to experience notable progress. Let's explore the current market size, influential companies, emerging trends, and the main segments defining this industry's future.
Market Size and Growth Outlook for Heavy Construction Equipment
The heavy construction…
Key Strategic Developments and Emerging Changes Shaping the Artificial Lift Syst …
The artificial lift system market is poised for significant expansion in the coming years, driven by several technological advancements and industry demands. This sector is becoming increasingly vital as oil and gas production techniques evolve to meet global energy needs more efficiently. Let's explore the current market size, key players, emerging trends, and the main segments shaping the future of artificial lift systems.
Forecasted Market Size and Growth Drivers in the…
Segmentation, Major Trends, and Competitive Analysis of the HVAC System Market
The HVAC system market is positioned for significant expansion in the coming years, driven by technological advancements and evolving industry requirements. As global focus shifts towards sustainability and smarter infrastructure, this sector is set to experience considerable growth and innovation. Let's explore the market size, key players, emerging trends, and segmentations shaping the future of HVAC systems.
Projected Growth and Market Size of the HVAC System Market by 2029
The…
Top Players and Market Competition in the CNC Machine Tools Industry
The CNC machine tools market is on a path of steady expansion, driven by evolving design demands and technological advances. As industries continue to adopt innovative materials and techniques, this sector is set to experience significant growth over the coming years. Let's explore the market size projections, key players, emerging trends, and segmentation that define the current and future landscape of CNC machine tools.
Projected Growth in the CNC Machine Tools…
More Releases for Gear
Revolutionizing Success in the Gear Racks Market: Latest Trends, Technological A …
The Gear Racks Market research study is a professional report with premium insights into the size of the business, current patterns, drivers, risks, potential outcomes, and major segments. The Industry Report forecasts the future growth of the market based on precise assumptions. Furthermore, based on input from industry experts, the report provides actionable insights into the Gear Racks Market's future growth to assist readers in developing effective strategies. The research…
Global Aircraft Landing Gear Market By Type: Nose Landing Gear, Main Landing Gea …
The airplane's landing gear supports the entire weight of the aircraft during landing and landing procedures. They are attached to the main structural elements of the airplane. The type of equipment required depends on the design and planned use of the aircraft. Most trolleys have wheels to make it easier to move them over uneven surfaces, like the floor. Other objects also include skids, such as the tail portion of…
Abstract of Speed Changer, Industrial High-Speed Drive, and Gear Market 2019 by …
The Speed Changer, Industrial High-Speed Drive, and Gear Market report provides detailed information on past, present and future market trends including the development rate, capacities, growth drivers, technologies and the capital structure. The Speed Changer, Industrial High-Speed Drive, and Gear Market report aims to provide comprehensive details to help market players and consultants to understand the on-going scenario of the Speed Changer, Industrial High-Speed Drive, and Gear market. The Speed…
Gear Racks Market Size, Status, Top Emerging Trends, Growth and Business Opportu …
A new business intelligence report released by Up Market Research on “Global Gear Racks Market”. Report provides a comprehensive market analysis with future prospects to 2026. Report focuses on the major drivers and restraints providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
Get Sample Copy Of This Report @
https://www.upmarketresearch.com/home/requested_sample/108986
The report contains 119 pages which highly exhibit on current market analysis scenario, upcoming…
Hurtle Gear
Hurtle Gear is your one-stop shop for all motorcycle parts, products and accessories. Beautiful products and brilliant service.
Hurtle Gear is your one-stop shop for all motorcycle parts, products and accessories. Beautiful products and brilliant service.
Hurtle Gear
3/4 Mummery Crescent
Bunbury
Western Australia
6230…
Global Worm Gear Drives Market Price, Sales, Gross Margin, Growth Rate by Timken …
A worm drive is a gear arrangement in which a worm (which is a gear in the form of a screw) meshes with a worm gear (which is similar in appearance to a spur gear).
Like other gear arrangements, a worm drive can reduce rotational speed or transmit higher torque. A worm is an example of a screw, one of the six simple machines.
Download Sample Report of Worm Gear Drives Market…
