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Global Ground Engaging Tools (GET) Market 2018-2022

Global Ground Engaging Tools (GET) Market 2018-2022

About Ground Engaging Tools

Ground engaging tools (GETs) are high wear-resistant metal components that come in direct contact with the ground during construction and excavation activities. GET include bucket teeth, blades, and cutting edges that are mainly used in construction and mining machinery, such as loaders, excavators, dozers, and scrapers.

Technavio’s analysts forecast the global ground engaging tools market to grow at a CAGR of 24.95% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global ground engaging tools market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of ground engaging tools.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Ground Engaging Tools (GET) Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Atlas Copco
  • Caterpillar
  • Hitachi Construction Machinery
  • Komatsu
  • Sandvik
Market driver
  • Increase in number of smart cities
  • For a full, detailed list, view our report
Market challenge
  • Uncertainty in mining industry
  • For a full, detailed list, view our report
Market trend
  • Eco-efficient mining process
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Ground Engaging Tools (GET) Market 2018-2022

Technavio recognizes the following companies as the key players in the global ground engaging tools market: Atlas Copco, Caterpillar, Hitachi Construction Machinery, Komatsu, and Sandvik

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Eco-efficient mining process. Developing new eco-friendly mining practices and integrating these practices to reduce the harmful environmental impacts by mining operations make mining activities eco-efficient. The main strategy to reduce the negative environmental impacts of mining involves the introduction of mining equipment that limits harmful emissions in the environment.”

According to the report, one of the major drivers for this market is Increase in number of smart cities. The number of smart cities is expected to rise exponentially by 2025. It is anticipated that a total of 67 new smart cities are expected to be built in the 2013-2025 period. The main reason for this growth is the increasing congestion of urban areas and major metropolitan cities. As of 2016, according to the World Bank, the overall world urban population stood at 54.30% of total global population.

Further, the report states that one of the major factors hindering the growth of this market is Uncertainty in mining industry. Many major mining corporations have reduced their investments in new mining projects and expansion of the existing ones due to the declining commodity prices. The prices of coal, aluminum, copper, and iron ore have witnessed a declining trend since 2011, thus revenue for mining companies have seen a negative trend since 2011.

Companies Mentioned

Atlas Copco, Caterpillar, Hitachi Construction Machinery, Komatsu, and Sandvik

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market
      • Table Global construction market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global GET market - Market size and forecast 2017-2022 ($ mn)
      • Table Global population growth in 2010-2016 period
      • Table Global GET market - Year-over-year growth 2018-2022 (%)
      • Table Average household size of 68 major economies 2000-2012
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Excavators - Market size and forecast 2017-2022
      • Table Excavators - Market size and forecast 2017-2022 ($ mn)
      • Table Excavators - Year-over-year growth 2018-2022 (%)
    • Loaders - Market size and forecast 2017-2022
      • Table Loaders - Market size and forecast 2017-2022 ($ mn)
      • Table Loaders - Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by product
    • Segmentation by product
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ mn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
      • Table Five largest coal mines in APAC
      • Table Growth rate of passenger cars sales in China 2010-2016
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
      • Table Five largest coal mines in Americas
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
      • Table Prominent mines in EMEA
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Anticipated incremental growth in global smart cities market 2017-2026 ($ billion)
      • Table Global sporting events expenditure ($ billions) 2018-2025
      • Table Interest rates on housing per annum in UK, US, Japan, Germany, and Australia 2014-2016
      • Table Decreasing unemployment rate in US 2010-2016
    • Market challenges
      • Table Aluminum and copper prices between 2013-2016
  • Market trends
    • Environment-friendly mining activities
    • Eco-efficient mining process
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
      • Table Key vendors
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Atlas Copco
      • Table Vendor overview
      • Table Atlas Copco - Business segments
      • Table Atlas Copco - Organizational developments
      • Table Atlas Copco - Geographic focus
      • Table Atlas Copco - Segment focus
      • Table Atlas Copco - Key offerings
      • Table Atlas Copco - Key customers
    • Caterpillar
      • Table Vendor overview
      • Table Caterpillar - Business segments
      • Table Caterpillar - Organizational developments
      • Table Caterpillar - Geographic focus
      • Table Caterpillar - Segment focus
      • Table Caterpillar - Key offerings
      • Table Caterpillar - Key customers
    • Hitachi Construction Machinery
      • Table Vendor overview
      • Table Hitachi Construction Machinery - Business segments
      • Table Hitachi Construction Machinery - Organizational developments
      • Table Hitachi Construction Machinery - Geographic focus
      • Table Hitachi Construction Machinery - Segment focus
      • Table Hitachi Construction Machinery - Key offerings
      • Table Hitachi Construction Machinery - Key customers
    • Komatsu
      • Table Komatsu overview
      • Table Komatsu - Business segments
      • Table Komatsu - Organizational developments
      • Table Komatsu - Geographic focus
      • Table Komatsu - Segment focus
      • Table Komatsu - Key offerings
    • Sandvik
      • Table Sandvik overview
      • Table Sandvik - Business segments
      • Table Sandvik - Organizational developments
      • Table Sandvik - Geographic focus
      • Table Sandvik - Segment focus
      • Table Sandvik - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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