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Global Earthmoving Equipment Market Growth, Size, Trends Analysis - By Product, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Publisher SPER Market Research Pvt. Ltd.
Published Oct 24, 2025
Length 244 Pages
SKU # SPER20694520

Description

Earthmoving Equipment Market Introduction and Overview

According to SPER Market Research, the Global Earthmoving Equipment Market is estimated to reach USD 129.6 billion by 2034 with a CAGR of 6.06%.

The report includes an in-depth analysis of the Global Earthmoving Equipment Market, including market size and trends, product mix, Applications, and supplier analysis. The global market for earthmoving equipment was valued at approximately USD 71.96 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 6.06% from 2025 to 2034. Factors such as urbanization and population growth are driving forces behind the increased construction of both residential and commercial properties, along with infrastructural developments including roads, bridges, and airports. Furthermore, the integration of advanced technologies such as telematics, GPS, and automation in earthmoving machinery has resulted in improved precision, safety, and productivity. Government initiatives focused on revitalizing infrastructure, especially in emerging economies, play a significant role in fostering market growth.

By Product Insights

The excavators segment is anticipated to experience significant growth between 2025 and 2034, primarily due to their extensive application in tasks such as digging, trenching, and material handling within construction projects. Excavators are recognized for their versatility across various applications and are offered in different sizes and technologies tailored to specific needs. For example, mini and compact excavators are increasingly favored for their agility and capability to operate in restricted areas, whereas larger hydraulic and crawler excavators are indispensable for demanding operations like mining and large-scale construction.

By Application Insights

The market of earthmoving equipment within the construction application segment is projected to achieve the highest compound annual growth rate (CAGR) from 2025 to 2034, as this machinery is extensively utilized in a wide range of construction endeavors, including residential, commercial, industrial, and infrastructure projects. These machines are vital for tasks ranging from site preparation and foundation work to grading and landscaping, ensuring efficient and timely execution of projects. The demand for earthmoving equipment is particularly pronounced in emerging economies, where rapid urbanization and infrastructure development are significant trends.

Regional Insights

The Asia Pacific region is anticipated to lead the global earthmoving equipment market by 2034, attributed to the area's strong economic growth, swift urbanization, and extensive infrastructure projects. Nations such as China, India, and various Southeast Asian countries have generated substantial demand for earthmoving machinery. Government efforts to enhance transportation networks, expand residential and commercial developments, and improve connectivity underscore the necessity for efficient construction machinery. Additionally, the rising investments in smart city initiatives further stimulate the demand for advanced construction equipment within the region.

Market Competitive Landscape

Within the global earthmoving equipment market, there is notable competition among both established and emerging players. These companies provide a diverse array of equipment, ranging from excavators to loaders, emphasizing technological advancements aimed at enhancing efficiency and ensuring environmental compliance. Strategic partnerships and mergers are fundamental strategies employed to strengthen their market positions and explore new opportunities, reflecting the industry's dynamic character and dedication to adapting to evolving demands and regulations.

Recent Developments:

In January 2025, SANY Group introduced the ST230V Compact Track Loader, specifically aimed at the North American and European markets. With enhanced efficiency and maneuverability features, this new addition to the product line is anticipated to bolster the company's standing in these markets.
In January 2025, Volvo Construction Equipment unveiled a newly designed lineup of articulated haulers, featuring additional capabilities and sizes ranging from A25 to A60. This launch is part of Volvo's most extensive portfolio renewal in several decades.
In July 2025, Yanmar CE officially rolled out its complete range of compact equipment in North America, which includes new compact track loaders that enhance the existing offerings of mini excavators, compact wheel loaders, and tracked carriers—backed by a 50% increase in production capacity in North America.

Scope of the report:

Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Product, By Application
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered

Volvo Construction Equipment, CASE Construction Equipment, Caterpillar Inc, Komatsu Ltd, Liebherr Group, Bobcat Company, LCB, Doosan Infracore Co., Ltd, SANY Group, XCMG Group.

Key Topics Covered in the Report

Global Earthmoving Equipment Market Size (FY'2021-FY'2034)
Overview of Global Earthmoving Equipment Market
Segmentation of Global Earthmoving Equipment Market By Product (Excavators, Loaders, Backhoe, Compaction Equipment)
Segmentation of Global Earthmoving Equipment Market By Application (Construction, Underground Mining, Surface Mining)
Statistical Snap of Global Earthmoving Equipment Market
Expansion Analysis of Global Earthmoving Equipment Market
Problems and Obstacles in Global Earthmoving Equipment Market
Competitive Landscape in the Global Earthmoving Equipment Market
Details on Current Investment in Global Earthmoving Equipment Market
Competitive Analysis of Global Earthmoving Equipment Market
Prominent Players in the Global Earthmoving Equipment Market
SWOT Analysis of Global Earthmoving Equipment Market
Global Earthmoving Equipment Market Future Outlook and Projections (FY'2025-FY'2034)
Recommendations from Analyst

Table of Contents

244 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Earthmoving Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Earthmoving Equipment Market
7. Global Earthmoving Equipment Market, By Product (USD Million) 2021-2034
7.1. Excavators
7.2. Loaders
7.3. Backhoes
7.4. Compaction Equipment
7.5. Others
8. Global Earthmoving Equipment Market, By Application (USD Million) 2021-2034
8.1. Construction
8.2. Underground mining
8.3. Surface mining
9. Global Earthmoving Equipment Market, (USD Million) 2021-2034
9.1. Global Earthmoving Equipment Market Size and Market Share
10. Global Earthmoving Equipment Market, By Region, (USD Million) 2021-2034
10.1. Asia-Pacific
10.1.1. Australia
10.1.2. China
10.1.3. India
10.1.4. Japan
10.1.5. South Korea
10.1.6. Rest of Asia-Pacific
10.2. Europe
10.2.1. France
10.2.2. Germany
10.2.3. Italy
10.2.4. Spain
10.2.5. United Kingdom
10.2.6. Rest of Europe
10.3. Middle East and Africa
10.3.1. Kingdom of Saudi Arabia
10.3.2. United Arab Emirates
10.3.3. Qatar
10.3.4. South Africa
10.3.5. Egypt
10.3.6. Morocco
10.3.7. Nigeria
10.3.8. Rest of Middle-East and Africa
10.4. North America
10.4.1. Canada
10.4.2. Mexico
10.4.3. United States
10.5. Latin America
10.5.1. Argentina
10.5.2. Brazil
10.5.3. Rest of Latin America
11. Company Profile
11.1. Volvo Construction Equipment
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. CASE Construction Equipment
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Caterpillar Inc
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Komatsu Ltd
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Liebherr Group
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Bobcat Company
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. LCB
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Doosan Infracore Co., Ltd
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. SANY Group
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. XCMG Group
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links

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