Global Earthmoving Equipment Market - 2019-2026

By Author: pooja patil
Total Articles: 63
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Earthmoving equipment is heavy equipment, typically heavy-duty vehicles designed for construction operations that involve earthworks. Increasing urban population demanding better infrastructure facilities is predicted to positively impact demand over the forecast period. The emergence of advanced products with eco-friendly features and low maintenance are expected to exchange traditional machinery over subsequent seven years. Varied technological advancements resulting in the facilitation of real-time monitoring and detecting failure is anticipated to propel demand.

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Source: Secondary Databases, Primary Interviews and 99 Reports Research Analysis Global Earthmoving Equipment Industry Dynamics -The market is witnessing a growing trend of adopting multifunctional equipment to cater to a good range of applications on construction and mining sites. Multifunctional earthmoving equipment, like a backhoe loader, is often deployed in several applications including material handling, ...
... excavating, and re-filling. In response to the escalating demand, manufacturers are introducing new models of earthmoving equipment with multiple functionalities. as an example, in March 2020, Caterpillar, Inc. launched a replacement model of multifunctional backhoe loader, the 420XE for the North American and European markets. High initial investment required for the acquisition of latest earthmoving equipment is one among the prominent market factors restricting the market growth. High cost of critical components, like engine, suspension, motors, and other pneumatic parts, required for manufacturing these machines contribute to their high prices. Earthmoving equipment buyers also face high road taxes and insurance costs to suits government regulations. However, the impact of this challenge is predicted to scale back due to the attractive financing programs offered by market players.

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Global Earthmoving Equipment Market - Key Segment -
Global Earthmoving Equipment Market Product -
• Excavators
• Loaders
• Backhoes
• Compaction Equipment
• Others
Global Earthmoving Equipment Market End Use -
• Construction
• Underground mining
• Surface mining
Global Earthmoving Equipment Market - Geographical Analysis By geography, the global Earthmoving Equipment Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).Asia Pacific earthmoving equipment market is predicted to witness high gains, at an expected CAGR of over 8% over the forecast period. Heavy investments within the rural and concrete infrastructure including the building of residential areas, ports, roads and IT parks in India are expected to positively elevate regional demand. In China, large scale infrastructural investments are made across various sectors including transportation, energy, utilities, healthcare, and education, which is predicted to spice up sales volume within the near future. Sluggish growth and continuing economic uncertainty may hamper growth within the U.S. and Europe earthmoving equipment market.

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Global Earthmoving Equipment Market -
Competitive Analysis
Some of the key leader’s companies in the market include –
• Volvo Construction Equipment
• Komatsu Ltd
• Bobcat
• Caterpillar Inc
• XCMG Group
• Hitachi Construction Machinery
• Terex Corporation
• Kobelco Construction Machinery Co
• Sany group
• and Liebherr Group

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