Earthmoving Equipment Market
Global Earthmoving equipment market Information Report by Product (Loaders, Excavators, construction tractors and others), By Application (Construction, Mining, digging and others) and By Region - Global Forecast To 2022
The Earthmoving equipment market is expected to grow over the CAGR of around 7.5% during the period 2016 to 2022.
The earthmoving equipment market is expected to grow rapidly during the forecast period. The growth of this market can be attributed to factors such as increase in demand for better infrastructure resulting from the shift of population to the urban areas and the emergence of products with advanced features and low maintenance cost. The emergence of technology with capability of monitoring and detecting failure in real time is also expected to contribute to the growth of this market. Various government initiatives are taken up for the development of infrastructure and the increased government spending on infrastructure is expected to drive the demand in earthmoving equipment market. The growth of this market can be restrained by factors such as high investment costs and the high cost of R&D, involved in manufacturing of the new and advanced earthmoving equipment.
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Market Research Analysis
Among all applications, the construction segment is expected to lead the earthmoving equipment market. The construction equipment is being extensively used for material handling, road constructions and concrete constructions which are helping in the growth of this market. Mining applications include all products for mining of surface and also underground mining such as crushing and mineral processing. The large scale construction projects taken up by companies are expected to contribute to the growth of this market.
Asia-Pacific region is expected to dominate the Earthmoving equipment market with highest CAGR owing to heavy investments in the construction of infrastructure such as building of roads, residential areas and ports in the region. In developing economies such as China, huge infrastructural investments are made in such as educational, healthcare and transportation projects, which are further expected to boost the earthmoving equipment market.
However the high cost of the equipment and the global economic uncertainty can hamper the growth of the market.
Scope of the Report
This study provides an overview of the Global earthmoving equipment Market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share forNorth America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Earthmoving equipment market by its product, application and region.
By Product
- Loaders
- Excavators
- Construction tractors
- Others
By Application
- Construction
- Mining
- Digging
- Others
By Region
- North America
- Asia Pacific
- Europe
- Rest of the World
Key Players
The key players of Earthmoving equipment market are Bobcat Company (U.S.), Atlas Copco(Nacka), Bharat Earth Movers Limited (India), Ingersoll Rand Inc. (Republic of Ireland), Case Construction Equipment (Netherlands), New Holland Construction (Italy), Track Marshall. (U.K.), Hitachi Construction Machinery Co., Ltd. (Japan), The Liebherr Group (Bulle) and Volvo Construction Equipment (Belgium) and others.
Study Objectives of Earthmoving equipment market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Aseptic packaging market
- To provide insights about factors affecting the market growth
- To Analyse the Global Earthmoving equipment market based on various factors such as supply chain analysis, and Porter’s five force analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by product, by application and by region.
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
- To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Aseptic packaging market.
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