The global earthmoving equipment market is projected to reach USD 84.24 billion by 2026, exhibiting a CAGR of 2.4% during the forecast period.
A new report published by Fortune Business Insights, titled “Earthmoving Equipment MarketSize, Share and Industry Analysis, By Equipment Type, By Industry and Regional Forecast, 2019-2026”, states that the value of the market stood at USD 69.85 billion in 2018. The report also shares an exhaustive analysis of the trends, factors, and competitive and regional dynamics that will chart the growth trajectory of the market during the forecast period.
The global earthmoving equipment market is projected to reach USD 84.24 billion by 2026, exhibiting a CAGR of 2.4% during the forecast period.
List of Key Industry Players:
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Widening Service Offerings by OEMs to Elevate Market Potential
In a bid to enhance customer experience, Original Equipment Manufacturers (OEMs) are adopting different strategies to gain firm ground in this market, according to the earthmoving equipment market analysis. The most preferred strategies taken up by OEMs include constant improvement in operations, developing advanced machinery, and offering better and efficient after-sales services to customers. While in developing regions companies are competing over price, in developed nations competition is mainly based on delivering high-quality products and services that will benefit consumers in the long-run.
The Report Covers the Following, Major Points Precisely:
• Top Players That Are Operating in the Global Market• Market Segmentation• Regional Analysis• Deep Insights into the Market with Detailed Table of Content and Figures• Global Market Predictions for Five Decades.
One of the primary forces driving the growth of this market is the rising investment and energy in infrastructure development across the globe. According to the World Infrastructure Congress, global expenditure on infrastructure will touch USD 9 trillion by 2025. A study by Oxford Economics estimates that the world will need to invest around USD 94 trillion between 2016 and 2040 to meet the demands of an ever-increasing world population. This means, on average, infrastructure development will require an annual investment of USD 3.7 trillion till 2040. These numbers bode well for the earthmoving equipment market growth as rapid industrialization and urbanization, especially in developing nations, will ramp up the demand for heavy earth-moving machinery.
Reasons to Purchase This Report:
• A detailed study of product launches of every marketing player, their market channels, tactics, and market growth.• The report helps to understand the key product segments and their future scope up to Five Decades.• The report allows readers and market players to understand market Size, Share, Trend, and Future Forecast.A• The Report Provide Deep analysis with region-specific assessments and competition analysis on a global and regional scale.
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Stiff Competition to Energize Market Dynamics
Major companies are doubling down their investment in developing innovative products and introducing new-age technologies such as Internet of Things and Machine Learning. Furthermore, many companies are looking to entrench their position in this market through setting up of new plants and offering novel solutions to customers.
Market Segmentation of Earthmoving Equipment Market –
1. By Equipment Type
2. By Industry
3 .By Region
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Table of Content –
1.Introduction1.1.Definition, By Segment1.2.Research Approach1.3.Sources2.Executive Summary3.Market Dynamics3.1.Drivers, Restraints and Opportunities3.2.Emerging Trends4.Key Insights4.1.Macro and Micro Economic Indicators4.2.Consolidated SWOT Analysis of Key Players4.3.Porter’s Five Forces Analysis5.Global Earthmoving Equipment Market Analysis, Insights and Forecast, 2015-20265.1.Key Findings / Summary5.2.Market Size Estimates and Forecasts5.2.1.By Equipment Type (Value)5.2.1.1.Excavators5.2.1.1.1.Mini Excavator5.2.1.1.2.Crawler Excavator5.2.1.1.3.Wheeled Excavator5.2.1.1.4.Others (Dragline, Long Reach, etc.)5.2.1.2.Loaders5.2.1.2.1.Skid Steer5.2.1.2.2.Backhoe5.2.1.2.3.Wheeled Excavator5.2.1.2.4.Crawler/ Track5.2.1.2.5.Mini Loaders5.2.1.3.Dump Trucks5.2.1.3.1.Articulated Trucks5.2.1.3.2.Rigid Trucks5.2.1.4.Others (Dumpers, Motor Graders, etc.)5.2.2.By Industry (Value)5.2.2.1.Mining5.2.2.2.Construction5.2.2.3.Agriculture and forestry5.2.2.4.Others (Oil and Gas, etc.)5.2.3.By Geography (Value)5.2.3.1.North America5.2.3.2.Europe5.2.3.3.Asia Pacific5.2.3.4.Middle East and Africa5.2.3.5.Latin America6.North America Earthmoving Equipment Market Analysis, Insights and Forecast, 2015-20266.1.Key Findings / Summary6.1.1.By Equipment Type (Value)6.1.1.1.Excavators6.1.1.1.1.Mini Excavator6.1.1.1.2.Crawler Excavator6.1.1.1.3.Wheeled Excavator6.1.1.1.4.Others (Dragline, Long Reach, etc.)6.1.1.2.Loaders6.1.1.2.1.Skid Steer6.1.1.2.2.Backhoe6.1.1.2.3.Wheeled Excavator6.1.1.2.4.Crawler/ Track6.1.1.2.5.Mini Loaders6.1.1.3.Dump Trucks6.1.1.3.1.Articulated Trucks6.1.1.3.2.Rigid Trucks6.1.1.4.Others (Dumpers, Motor Graders, etc.)6.1.2.By Industry (Value)6.1.2.1.Mining6.1.2.2.Construction6.1.2.3.Agriculture and forestry6.1.2.4.Others (Oil and Gas, etc.)6.1.3.By Country (Value)6.1.3.1.United States6.1.3.2.Canada7.Europe Earthmoving Equipment Market Analysis, Insights and Forecast, 2015-20267.1.Key Findings / Summary7.1.1.By Equipment Type (Value)7.1.1.1.Excavators7.1.1.1.1.Mini Excavator7.1.1.1.2.Crawler Excavator7.1.1.1.3.Wheeled Excavator7.1.1.1.4.Others (Dragline, Long Reach, etc.)7.1.1.2.Loaders7.1.1.2.1.Skid Steer7.1.1.2.2.Backhoe7.1.1.2.3.Wheeled Excavator7.1.1.2.4.Crawler/ Track7.1.1.2.5.Mini Loaders7.1.1.3.Dump Trucks7.1.1.3.1.Articulated Trucks7.1.1.3.2.Rigid Trucks7.1.1.4.Others (Dumpers, Motor Graders, etc.)7.1.2.By Industry (Value)7.1.2.1.Mining7.1.2.2.Construction7.1.2.3.Agriculture and forestry7.1.2.4.Others (Oil and Gas, etc.)7.1.3.By Country (Value)7.1.3.1.Germany7.1.3.2.France7.1.3.3.UK7.1.3.4.Rest of Europe8.Asia Pacific Earthmoving Equipment Market Analysis, Insights and Forecast, 2015-20268.1.Key Findings / Summary8.1.1.By Equipment Type (Value)8.1.1.1.Excavators8.1.1.1.1.Mini Excavator8.1.1.1.2.Crawler Excavator8.1.1.1.3.Wheeled Excavator8.1.1.1.4.Others (Dragline, Long Reach, etc.)8.1.1.2.Loaders8.1.1.2.1.Skid Steer8.1.1.2.2.Backhoe8.1.1.2.3.Wheeled Excavator8.1.1.2.4.Crawler/ Track8.1.1.2.5.Mini Loaders8.1.1.3.Dump Trucks8.1.1.3.1.Articulated Trucks8.1.1.3.2.Rigid Trucks8.1.1.4.Others (Dumpers, Motor Graders, etc.)8.1.2.By Industry (Value)8.1.2.1.Mining8.1.2.2.Construction8.1.2.3.Agriculture and forestry8.1.2.4.Others (Oil and Gas, etc.)8.1.3.By Country (Value)8.1.3.1.China8.1.3.2.Japan8.1.3.3.India8.1.3.4.South East Asia8.1.3.5.Rest of APAC
TOC Continued…!!!
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