This report studies, estimates, and forecasts the global earth moving equipment market in terms of revenue (US$ Million) from 2017 to 2025.
Albany, NY -- (SBWIRE) -- 07/10/2017 -- The ongoing infrastructural projects such as roads, railways, dams and highways contribute to the growth of the global earth moving equipment market. Increase in urbanization is another driving factor for the growth of this market. In some emerging reasons urbanization is taking place at a faster pace and will fuel the growth of the construction industry in developing economies such as India, China, Argentina and Brazil, which is expected to increase the sales of earth moving equipment. Considering this aspect, a new research report with a title "Earth Moving Equipment Market: Global Industry Analysis and Forecast, 2017-2025" has been recently added to the vast online repository of Market Research Reports Search Engine (MRRSE). This report on earth moving equipment market analyzes the current status as well as future prospects of the market across the globe.
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This report studies, estimates, and forecasts the global earth moving equipment market in terms of revenue (US$ Million) from 2017 to 2025. The global earth moving equipment report also assesses various driving and restraining factors and their effect on the market during the forecast period. In order to make the report organized and easy to understand, the global market is segregated on the basis of product type and geographic region. Based on product type, the market is segmented into Crawler/Wheeled Excavators, Mini Excavators, Backhoe Loaders, Crawler/Wheeled/Compact Loaders, Skid Steer Loaders, Bull Dozers/Crawler Tractors, Wheeled Tractors and Motor Graders. Among product types, the crawler/wheeled/compact loaders segment is projected to account for a majority share and dominate the earth moving equipment market over the coming years. The crawler/wheeled/compact loaders segment is estimated to generate a total incremental opportunity of about US$ 15 Billion between 2017 and 2025. This segment is expected to reach a market value of US$ 65 Billion by the end of 2025 end, registering a CAGR of 7.2%.
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Geographically, the prominent regions studied in the report include North America, Latin America, Middle East and Africa, Europe and Asia Pacific. The crawler/wheeled/compact loaders and backhoe loaders segments combined are estimated to lead the Asia Pacific earth moving equipment market and are likely to collectively hold a dominating share of more than 60% by the end of 2025 in the Asia Pacific region. Some of the key players profiled in the report include Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Terex Corporation, Volvo Construction Equipment, Liebherr Group, Deere & Company, Xuzhou Construction Machinery Group Co. Ltd., Sany Heavy Industry Co Ltd., Doosan Corporation and others.
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