Earthmoving Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Earthmoving Equipment Market

The Earthmoving Equipment Market size was valued at USD 69.85 billion in 2023, and the market is now projected tgrow t97.70 USD billion by 2032, exhibiting a CAGR of 2.3% during the forecast period of 2023-2030.

The pandemic has been anticipated tbe a bane for the entire industrial developments of various market and fields. This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps tstop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related tthis domain. These factors affected the Earthmoving Equipment Market growth.

Earth moving equipment market growth is seen as a continuous trend and is anticipated tstay that way throughout the forecast period. Excavators are becoming increasingly important and hold the largest market share among earthmoving equipment in the construction industry. These particular growth driving factors have been recorded tattribute the Earthmoving Equipment Market Share. Modern, technologically advanced equipment is being demanded by end-use industries worldwide in order tincrease the efficiency of construction operations. The elements propelling market trends for earthmoving equipment include labor cost reduction, tracking of work completed at each stage of the process, and lower operating costs, all of which contribute tthe adoption of improved excavators and speed up their uptake.

A latest trend has been witnessed tproliferate the market growth. This particular trend has been recorded tbe the most profiting trends that have been upgraded taugment the overall market growth. his specific trend has influenced the market growth smuch sthat the revenue and share numbers of this particular product is touching the skies and soaring over. The demand for excavators, loaders, and dump trucks in the mining and construction industries is fueling the growth of earth moving equipment. Heavy equipment for excavating, grading rock and soil, and other tasks is referred tas earth moving machinery. It is necessary for a product market twalk with the trends in order tincreases its lucracy and profits in shares and all over revenue. Crucially, it is expected that both developed and developing nations would have a greater need for infrastructure development during the predicted period. Moreover, population growth, urbanization, and globalization are thought tbe the main drivers of infrastructure expansion.

Comprehensive Analysis of Earthmoving Equipment Market

The segmentation of this particular market has been divided and then further subdivided intvarious categories. According tthe type of equipment, the market is divided intseveral categories, such as motor graders, dumpers, loaders, and excavators. Because they are in high demand in the commercial, residential, and industrial sectors, excavators are expected trise at an exponential rate over the projected period. Construction, mining, agricultural and forestry, and other industries, such as oil and gas, are the different market segments based on industry. The quick development of infrastructure worldwide is the reason for the expansion of the construction sector segment. These particular segmentations have been categorized intsuch groups sthat their attribution tthe overall revenue systems are properly recorded studied sas tdetermine which is the leading and most beneficial segment of all.

Due tthe expansion of the mining and construction sectors in the area, Asia Pacific had the largest revenue share in this market. The need for earthmoving equipment is alsbeing impacted by the government's growing initiatives and significant investments in the construction of highways, bridges, tunnels, etc. The region is expected tmaintain a significant proportion during the projected period.

Global markets are fiercely competitive and highly fragmented. Due ttheir creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes AB Volv(Sweden), Caterpillar Inc. (U.S.), Komatsu Ltd (Japan), Doosan Infracore Co. Ltd (South Korea), Hitachi Construction Machinery Co. Ltd (Japan), J.C. Bamford Excavators Limited (U.K.), Liebherr Group (Germany), CNH Industrial N.V (U.K.), Hyundai Heavy Industries Co. Ltd (South Korea), Terex Corporation (U.S.), and SANY America (U.S.).

In June 2024, The business has entered the 50-ton class of excavators with the introduction of twnew models, the EC550E and EC530E. This particular company has attributed the market growth in terms of revenue and shares system. Contractors may thrive in heavy-duty digging, mass excavation, and extensive site preparation with these excavators' digging and lifting capabilities, which are frequently seen in 60-ton machines.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Forecast Period 2019-2032

Historical Period 2015-2017

Unit Value (USD billion)

Segmentation By Equipment Type

Excavators

Mini Excavator

Crawler Excavator

Wheeled Excavator

Others (Dragline, Long Reach, etc.)

Loaders

Skid Steer

Backhoe

Wheeled

Crawler/ Track

Mini Loaders

Dump Trucks

Articulated Trucks

Rigid Trucks

Others (Dumpers, Motor Graders, etc.)

By Industry

Mining

Construction

Agriculture & forestry

Others (Oil & Gas, etc.)

By Region

North America (U.S. and Canada)

Europe (U.K., Germany, France, and the Rest of Europe)

Asia Pacific (Japan, China, India, Southeast Asia, and the Rest of Asia Pacific)

Middle East & Africa (South Africa, GCC and the Rest of Middle East & Africa)

Latin America (Brazil, Mexico, and the Rest of Latin America)


1. Introduction
1.1. Definition, By Segment
1.2. Research Approach
1.3. Sources
2. Executive Summary
3. Market Dynamics
3.1. Drivers, Restraints and Opportunities
3.2. Emerging Trends
4. Key Insights
4.1. Macro and Micro Economic Indicators
4.2. Consolidated SWOT Analysis of Key Players
4.3. Porter’s Five Forces Analysis
5. Global Earthmoving Equipment Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecasts
5.2.1. By Equipment Type (Value)
5.2.1.1. Excavators
5.2.1.1.1. Mini Excavator
5.2.1.1.2. Crawler Excavator
5.2.1.1.3. Wheeled Excavator
5.2.1.1.4. Others (Dragline, Long Reach, etc.)
5.2.1.2. Loaders
5.2.1.2.1. Skid Steer
5.2.1.2.2. Backhoe
5.2.1.2.3. Wheeled Excavator
5.2.1.2.4. Crawler/ Track
5.2.1.2.5. Mini Loaders
5.2.1.3. Dump Trucks
5.2.1.3.1. Articulated Trucks
5.2.1.3.2. Rigid Trucks
5.2.1.4. Others (Dumpers, Motor Graders, etc.)
5.2.2. By Industry (Value)
5.2.2.1. Mining
5.2.2.2. Construction
5.2.2.3. Agriculture & forestry
5.2.2.4. Others (Oil & Gas, etc.)
5.2.3. By Geography (Value)
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. Middle East and Africa
5.2.3.5. Latin America
6. North America Earthmoving Equipment Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.1.1. By Equipment Type (Value)
6.1.1.1. Excavators
6.1.1.1.1. Mini Excavator
6.1.1.1.2. Crawler Excavator
6.1.1.1.3. Wheeled Excavator
6.1.1.1.4. Others (Dragline, Long Reach, etc.)
6.1.1.2. Loaders
6.1.1.2.1. Skid Steer
6.1.1.2.2. Backhoe
6.1.1.2.3. Wheeled Excavator
6.1.1.2.4. Crawler/ Track
6.1.1.2.5. Mini Loaders
6.1.1.3. Dump Trucks
6.1.1.3.1. Articulated Trucks
6.1.1.3.2. Rigid Trucks
6.1.1.4. Others (Dumpers, Motor Graders, etc.)
6.1.2. By Industry (Value)
6.1.2.1. Mining
6.1.2.2. Construction
6.1.2.3. Agriculture & forestry
6.1.2.4. Others (Oil & Gas, etc.)
6.1.3. By Country (Value)
6.1.3.1. United States
6.1.3.2. Canada
7. Europe Earthmoving Equipment Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.1.1. By Equipment Type (Value)
7.1.1.1. Excavators
7.1.1.1.1. Mini Excavator
7.1.1.1.2. Crawler Excavator
7.1.1.1.3. Wheeled Excavator
7.1.1.1.4. Others (Dragline, Long Reach, etc.)
7.1.1.2. Loaders
7.1.1.2.1. Skid Steer
7.1.1.2.2. Backhoe
7.1.1.2.3. Wheeled Excavator
7.1.1.2.4. Crawler/ Track
7.1.1.2.5. Mini Loaders
7.1.1.3. Dump Trucks
7.1.1.3.1. Articulated Trucks
7.1.1.3.2. Rigid Trucks
7.1.1.4. Others (Dumpers, Motor Graders, etc.)
7.1.2. By Industry (Value)
7.1.2.1. Mining
7.1.2.2. Construction
7.1.2.3. Agriculture & forestry
7.1.2.4. Others (Oil & Gas, etc.)
7.1.3. By Country (Value)
7.1.3.1. Germany
7.1.3.2. France
7.1.3.3. UK
7.1.3.4. Rest of Europe
8. Asia Pacific Earthmoving Equipment Market Analysis, Insights and Forecast, 2015-2026
8.1. Key Findings / Summary
8.1.1. By Equipment Type (Value)
8.1.1.1. Excavators
8.1.1.1.1. Mini Excavator
8.1.1.1.2. Crawler Excavator
8.1.1.1.3. Wheeled Excavator
8.1.1.1.4. Others (Dragline, Long Reach, etc.)
8.1.1.2. Loaders
8.1.1.2.1. Skid Steer
8.1.1.2.2. Backhoe
8.1.1.2.3. Wheeled Excavator
8.1.1.2.4. Crawler/ Track
8.1.1.2.5. Mini Loaders
8.1.1.3. Dump Trucks
8.1.1.3.1. Articulated Trucks
8.1.1.3.2. Rigid Trucks
8.1.1.4. Others (Dumpers, Motor Graders, etc.)
8.1.2. By Industry (Value)
8.1.2.1. Mining
8.1.2.2. Construction
8.1.2.3. Agriculture & forestry
8.1.2.4. Others (Oil & Gas, etc.)
8.1.3. By Country (Value)
8.1.3.1. China
8.1.3.2. Japan
8.1.3.3. India
8.1.3.4. South East Asia
8.1.3.5. Rest of APAC
9. Middle East and Africa Earthmoving Equipment Market Analysis, Insights and Forecast, 2015-2026
9.1. Key Findings / Summary
9.1.1. By Equipment Type (Value)
9.1.1.1. Excavators
9.1.1.1.1. Mini Excavator
9.1.1.1.2. Crawler Excavator
9.1.1.1.3. Wheeled Excavator
9.1.1.1.4. Others (Dragline, Long Reach, etc.)
9.1.1.2. Loaders
9.1.1.2.1. Skid Steer
9.1.1.2.2. Backhoe
9.1.1.2.3. Wheeled Excavator
9.1.1.2.4. Crawler/ Track
9.1.1.2.5. Mini Loaders
9.1.1.3. Dump Trucks
9.1.1.3.1. Articulated Trucks
9.1.1.3.2. Rigid Trucks
9.1.1.4. Others (Dumpers, Motor Graders, etc.)
9.1.2. By Industry (Value)
9.1.2.1. Mining
9.1.2.2. Construction
9.1.2.3. Agriculture & forestry
9.1.2.4. Others (Oil & Gas, etc.)
9.1.3. By Country (Value)
9.1.3.1. GCC
9.1.3.2. South Africa
9.1.3.3. Rest of MEA
10. Latin America Earthmoving Equipment Market Analysis, Insights and Forecast, 2015-2026
10.1. Key Findings / Summary
10.1.1. By Equipment Type (Value)
10.1.1.1. Excavators
10.1.1.1.1. Mini Excavator
10.1.1.1.2. Crawler Excavator
10.1.1.1.3. Wheeled Excavator
10.1.1.1.4. Others (Dragline, Long Reach, etc.)
10.1.1.2. Loaders
10.1.1.2.1. Skid Steer
10.1.1.2.2. Backhoe
10.1.1.2.3. Wheeled Excavator
10.1.1.2.4. Crawler/ Track
10.1.1.2.5. Mini Loaders
10.1.1.3. Dump Trucks
10.1.1.3.1. Articulated Trucks
10.1.1.3.2. Rigid Trucks
10.1.1.4. Others (Dumpers, Motor Graders, etc.)
10.1.2. By Industry (Value)
10.1.2.1. Mining
10.1.2.2. Construction
10.1.2.3. Agriculture & forestry
10.1.2.4. Others (Oil & Gas, etc.)
10.1.3. By Country (Value)
10.1.3.1. Brazil
10.1.3.2. Mexico
10.1.3.3. Rest of LATAM
11. Competition Matrix
11.1. Business Strategies Adopted by Leading Players
12. Global Earthmoving Equipment Market Revenue Share Analysis, By Key Manufacturer, 2018
13. Company Profile
13.1. AB Volvo
13.1.1. Overview
13.1.2. Product Portfolio
13.1.3. Financials
13.1.4. Recent Developments
13.2. Caterpillar Inc.
13.2.1. Overview
13.2.2. Product Portfolio
13.2.3. Financials
13.2.4. Recent Developments
13.3. Komatsu Ltd
13.3.1. Overview
13.3.2. Product Portfolio
13.3.3. Financials
13.3.4. Recent Developments
13.4. Doosan Infracore Co. Ltd
13.4.1. Overview
13.4.2. Product Portfolio
13.4.3. Financials
13.4.4. Recent Developments
13.5. Hitachi Construction Machinery Co. Ltd
13.5.1. Overview
13.5.2. Product Portfolio
13.5.3. Financials
13.5.4. Recent Developments
13.6. J.C. Bamford Excavators Limited
13.6.1. Overview
13.6.2. Product Portfolio
13.6.3. Financials
13.6.4. Recent Developments
13.7. Liebherr Group
13.7.1. Overview
13.7.2. Product Portfolio
13.7.3. Financials
13.7.4. Recent Developments
13.8. CNH Industrial N.V
13.8.1. Overview
13.8.2. Product Portfolio
13.8.3. Financials
13.8.4. Recent Developments
13.9. Hyundai Heavy Industries Co. Ltd
13.9.1. Overview
13.9.2. Product Portfolio
13.9.3. Financials
13.9.4. Recent Developments
13.10. Terex Corporation
13.10.1. Overview
13.10.2. Product Portfolio
13.10.3. Financials
13.10.4. Recent Developments
13.11. SANY America
13.11.1. Overview
13.11.2. Product Portfolio
13.11.3. Financials
13.11.4. Recent Developments
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