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Earthmoving Equipment Market Is Expected To Reach US$ 145 Bn by 2026

According to a new market report published by Credence Research Inc “Earthmoving Equipment Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2026,” the global earthmoving equipment market expected to witness significant growth throughout the forecast period with a resurgence in the global construction industry. The global market for earthmoving equipment was valued at US$ 81.5 Bn in 2017 and expected to cross US$ 145 Bn by 2026 at a CAGR of 7.0% from 2018 to 2026.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/earthmoving-equipment-market

The effect of the financial crisis is reduced considerably and the global economy is building momentum with improving credit conditions which is encouraging countries across the world to invest a significant amount in infrastructure development projects to support their economic development. In addition, increasing urbanization and rising population in major cities will increase residential constructions globally. Leading earthmoving equipment manufacturers are focusing on the development of advanced solutions to improve the efficiency and productivity of earthmoving equipment. End-users of earthmoving equipment are replacing their outdated machinery and equipment with advanced multifunctional solutions as they offer better productivity and efficiency. All these factors represent a positive outlook for the earthmoving equipment market throughout the forecast period from 2018 to 2026.

In 2017, Asia Pacific accounted for the largest market share in the global earthmoving equipment market. The region is expected to maintain its dominating position and also expected to be the fastest-growing market for earthmoving equipment over the forecast period. This growth is primarily driven by the increasing investment by India and Southeast Asia in the road, urban infrastructure, railways and ports, and irrigation projects to support their economic growth. In addition, the output of the construction industry in China increased by 5% in 2016 compared to 2015, as the government invested a significant amount in infrastructure development and relaxed construction regulation and credit policies. The construction industry in the U.S. is recovering rapidly from the sharp economic slowdown during financial crises.

Wheeled/crawler loader is the largest equipment category in the overall earthmoving equipment market by type. The segment is expected to maintain its dominating position with its increasing deployment in the Asia Pacific and Middle East & Africa (MEA).  In addition, end-users in developed markets are replacing their traditional loaders with advanced loaders integrated with real-time monitoring solutions for better efficiency and output. The backhoe loader is predicted to be the fastest-growing segment in the overall earthmoving equipment market by type. As backhoe loader is a highly versatile machine and capable of performing multiple jobs including loading, digging, excavating, demolitions, breaking asphalt, transporting materials, laying roads and leveling, they are replacing excavators and bulldozers in construction, mining and agricultural applications.

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59110

List of Companies Covered:

  • Caterpillar Inc.
  • Komatsu Ltd.
  • Hitachi Construction Machinery Co. Ltd.
  • Volvo Group
  • Volvo Group
  • Liebherr Group
  • SANY Group
  • Guangxi LiuGong Machinery Co. Ltd.
  • Zoomlion Heavy Industry Science and Technology Co., Ltd.
  • Terex Corp
  • Doosan Infracore
  • Deere & Company
  • XCMG Group

Market Segmentation:

By Equipment Type

  • Crawler Excavators
  • Mini Excavators
  • Wheeled Excavators
  • Wheeled/Crawler Loader
  • Backhoe Loaders
  • Skid Steer Loaders
  • Crawler Dozers
  • Motor Graders

By Application Type

  • Construction
  • Mining
  • Others (Agriculture, Recycling etc)

By Geography Segment Type

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa, Latin America)

Key questions answered in this report

  • What is the historical and potential market size (unit sold and market value in US$ Bn) of the earthmoving equipment market?
  • What are the key trends in the global earthmoving equipment industry?
  • What are the key potential areas in the earthmoving equipment market?
  • Who are the leading players in the global market and their market winning strategies?
  • What are the mandatory regulations and specifications required to manufacture earthmoving equipment?
  • Who are the major customers for earthmoving equipment manufacturers and suppliers?
  • Which is the attractive equipment category for earthmoving equipment manufacturers?
  • What are the major trends in each application segment?
  • Which are key investment countries for earthmoving equipment manufacturers?

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59110

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