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Global Earthmoving Equipment Market by Application (Mining, Construction), by Product (Loaders, Excavators) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CNS-75161
  • Author: Up Market Research
  • Rating: 5.0
  • Total Reviews: 98
  • No. Of Pages: 235
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  • Pub. Date: 2021-10-21
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Summary of the Report

In 2014, the global market for earthmoving equipment was valued at USD 98.43 million. The demand for earthmoving equipment is expected to rise due to an increasing urban population that demands better infrastructure. In the next seven year, advanced products that are eco-friendly and require little maintenance will replace traditional machinery. Demand is expected to rise due to numerous technological advances that allow for real-time monitoring and failure detection.

China's earthmoving equipment market, product by product, 2012-2022 (USD Billion).

Consumption is expected to rise due to various government initiatives for infrastructure development and increasing investment in the construction industry. Saudi Arabia's government plans to build six mega-economic cities, as well as close to 800 new factories. This will generate employment and accommodation and is expected to drive the region's earthmoving equipment market growth.

Globalization is expected to increase foreign direct investment, which will be beneficial for growth. Key growth opportunities are expected to be created by the higher spending power of consumers in emerging economies. Over the forecast period, the industry will be driven by the need for improved connectivity and better transport facilities. The uncertainty in economic conditions and enforcement of emission control norms could limit expansion. Many interdictions and regulations regarding mining activities around the world, as well as host costs, can be a constraint on demand.

Product Insights

You can classify the earthmoving equipment market by product type into loaders, excavators, and other. Trenchers, motor scrappers and backhoes are all examples of other products. Excavators can be used to discharge, elevate or excavate material. These self-propelled machines run on wheels or crawlers. They are used for various purposes, including above and below ground operations such as well sinking, trench digging and land travel. The Excavator Industry is expected to grow at a rate of more than 8.0% between 2015 and 2022.

In 2014, more than 45% of the market was dominated by loaders. This segment includes skid-steer and wheeled loaders. Because of their versatility and small size, backhoe loads are often used in construction projects. They are used for many tasks, including small demolitions, construction and excavation, digging, light transport of building materials, and paving roads. Construction work includes snow-removing, ditching, and grading.

Application Insights

Construction and other applications are included in the application segment. Construction equipment market includes products for concrete & road construction, material handling, etc. This segment represented more than 60% of total demand in 2014, and it is likely to decrease over the next few decades. The mining application includes products that are used for underground and surface mining, such as crushing, screening, pulverizing and mineral processing. Many large-scale construction projects, including those in the Middle East, are expected to stimulate growth.

Regional Insights

The Asia Pacific market for earthmoving equipment is expected to see high growth, with a CAGR of more than 8% during the forecast period. The region will benefit from heavy investments in rural and urban infrastructure, including the construction of roads, residential areas, and ports in India. Large-scale infrastructural investment has been made in China in various sectors, including transport, energy, utilities and education. This will increase sales volume in the future. Slow growth and continued economic uncertainty could hinder growth in the U.S. market for earthmoving equipment.

Market Share Insights & Key Companies

Caterpillar and Komatsu are the key players that account for most of the earthmoving machine market share. To keep up with the evolving technological trends within the industry, companies are undertaking mergers and acquisitions. To bridge the gap between the product offerings, end-use requirements and geographical constraints, companies are making significant investments in R&D.

These companies provide products for rent or lease on a short-term and long-term basis to customers. This is expected to increase industry growth. Manufacturers of earthmoving equipment are working to reduce their global footprint, CO2 emissions, and improve energy efficiency. Caterpillar's CAT Connect, for example, makes smart use technology and other applications to improve job site efficiency. Komatsu and GE Mining have partnered to develop next-generation machinery for customers.

Earthmoving Equipment Market Report Scope

These are the most frequently asked questions about this report

b. Global market for earthmoving equipment was valued at USD 144.9 billion in 2019, and is forecast to grow to USD 157.1 billion by 2020.

b. Global Earthmoving Equipment Market is expected to grow at 8.2% compound annual growth rate between 2015 and 2022, reaching USD 184.5 billion in 2022.

b. With a 51.8% share in 2019, Asia Pacific was the dominant market for Earthmoving Equipment. This can be attributed to the increasing investments in rural and urban infrastructure, including the construction of roads and IT parks in India.

b. Caterpillar, Komatsu and Hitachi Construction Machinery are some of the key players in the Earthmoving Equipment Market.

b. The market is growing due to innovative products that are eco-friendly and easy to maintain. Technological advancements have also helped facilitate real-time monitoring.

Up Market Research published a new report titled “Earthmoving Equipment Market research report which is segmented by Application (Mining, Construction), by Product (Loaders, Excavators), By Players/Companies Volvo, Liebherr, Caterpillar, Hitachi Construction Machinery, Komatsu, CNH Industrial, John Deere”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report AttributesReport Details
Report TitleEarthmoving Equipment Market Research Report
By ApplicationMining, Construction
By ProductLoaders, Excavators
By CompaniesVolvo, Liebherr, Caterpillar, Hitachi Construction Machinery, Komatsu, CNH Industrial, John Deere
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages235
Number of Tables & Figures165
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Earthmoving Equipment Industry Outlook

Global Earthmoving Equipment Market Report Segments:

The market is segmented by Application (Mining, Construction), by Product (Loaders, Excavators).

Earthmoving Equipment Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Earthmoving Equipment Market

Overview of the regional outlook of the Earthmoving Equipment Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Earthmoving Equipment Market Overview

Highlights of The Earthmoving Equipment Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Earthmoving Equipment Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Application:

                1. Mining

                2. Construction

        7. By Product:

                1. Loaders

                2. Excavators

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Earthmoving Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
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Earthmoving Equipment Market Trends

Reasons to Purchase the Earthmoving Equipment Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Earthmoving Equipment Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Earthmoving Equipment Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Earthmoving Equipment Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Earthmoving Equipment Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Earthmoving Equipment Market Size & Forecast, 2018-2028 
      4.5.1 Earthmoving Equipment Market Size and Y-o-Y Growth 
      4.5.2 Earthmoving Equipment Market Absolute $ Opportunity 


Chapter 5 Global Earthmoving Equipment Market Analysis and Forecast by Application
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Application
      5.1.2 Basis Point Share (BPS) Analysis by Application
      5.1.3 Absolute $ Opportunity Assessment by Application
   5.2 Earthmoving Equipment Market Size Forecast by Application
      5.2.1 Mining
      5.2.2 Construction
   5.3 Market Attractiveness Analysis by Application

Chapter 6 Global Earthmoving Equipment Market Analysis and Forecast by Product
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Product
      6.1.2 Basis Point Share (BPS) Analysis by Product
      6.1.3 Absolute $ Opportunity Assessment by Product
   6.2 Earthmoving Equipment Market Size Forecast by Product
      6.2.1 Loaders
      6.2.2 Excavators
   6.3 Market Attractiveness Analysis by Product

Chapter 7 Global Earthmoving Equipment Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Earthmoving Equipment Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Earthmoving Equipment Analysis and Forecast
   9.1 Introduction
   9.2 North America Earthmoving Equipment Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Earthmoving Equipment Market Size Forecast by Application
      9.6.1 Mining
      9.6.2 Construction
   9.7 Basis Point Share (BPS) Analysis by Application 
   9.8 Absolute $ Opportunity Assessment by Application 
   9.9 Market Attractiveness Analysis by Application
   9.10 North America Earthmoving Equipment Market Size Forecast by Product
      9.10.1 Loaders
      9.10.2 Excavators
   9.11 Basis Point Share (BPS) Analysis by Product 
   9.12 Absolute $ Opportunity Assessment by Product 
   9.13 Market Attractiveness Analysis by Product

Chapter 10 Europe Earthmoving Equipment Analysis and Forecast
   10.1 Introduction
   10.2 Europe Earthmoving Equipment Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Earthmoving Equipment Market Size Forecast by Application
      10.6.1 Mining
      10.6.2 Construction
   10.7 Basis Point Share (BPS) Analysis by Application 
   10.8 Absolute $ Opportunity Assessment by Application 
   10.9 Market Attractiveness Analysis by Application
   10.10 Europe Earthmoving Equipment Market Size Forecast by Product
      10.10.1 Loaders
      10.10.2 Excavators
   10.11 Basis Point Share (BPS) Analysis by Product 
   10.12 Absolute $ Opportunity Assessment by Product 
   10.13 Market Attractiveness Analysis by Product

Chapter 11 Asia Pacific Earthmoving Equipment Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Earthmoving Equipment Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Earthmoving Equipment Market Size Forecast by Application
      11.6.1 Mining
      11.6.2 Construction
   11.7 Basis Point Share (BPS) Analysis by Application 
   11.8 Absolute $ Opportunity Assessment by Application 
   11.9 Market Attractiveness Analysis by Application
   11.10 Asia Pacific Earthmoving Equipment Market Size Forecast by Product
      11.10.1 Loaders
      11.10.2 Excavators
   11.11 Basis Point Share (BPS) Analysis by Product 
   11.12 Absolute $ Opportunity Assessment by Product 
   11.13 Market Attractiveness Analysis by Product

Chapter 12 Latin America Earthmoving Equipment Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Earthmoving Equipment Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Earthmoving Equipment Market Size Forecast by Application
      12.6.1 Mining
      12.6.2 Construction
   12.7 Basis Point Share (BPS) Analysis by Application 
   12.8 Absolute $ Opportunity Assessment by Application 
   12.9 Market Attractiveness Analysis by Application
   12.10 Latin America Earthmoving Equipment Market Size Forecast by Product
      12.10.1 Loaders
      12.10.2 Excavators
   12.11 Basis Point Share (BPS) Analysis by Product 
   12.12 Absolute $ Opportunity Assessment by Product 
   12.13 Market Attractiveness Analysis by Product

Chapter 13 Middle East & Africa (MEA) Earthmoving Equipment Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Earthmoving Equipment Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Earthmoving Equipment Market Size Forecast by Application
      13.6.1 Mining
      13.6.2 Construction
   13.7 Basis Point Share (BPS) Analysis by Application 
   13.8 Absolute $ Opportunity Assessment by Application 
   13.9 Market Attractiveness Analysis by Application
   13.10 Middle East & Africa (MEA) Earthmoving Equipment Market Size Forecast by Product
      13.10.1 Loaders
      13.10.2 Excavators
   13.11 Basis Point Share (BPS) Analysis by Product 
   13.12 Absolute $ Opportunity Assessment by Product 
   13.13 Market Attractiveness Analysis by Product

Chapter 14 Competition Landscape 
   14.1 Earthmoving Equipment Market: Competitive Dashboard
   14.2 Global Earthmoving Equipment Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Volvo
      14.3.2 Liebherr
      14.3.3 Caterpillar
      14.3.4 Hitachi Construction Machinery
      14.3.5 Komatsu
      14.3.6 CNH Industrial
      14.3.7 John Deere
Segments Covered in the Report
The global Earthmoving Equipment market has been segmented based on

By Application
  • Mining
  • Construction
By Product
  • Loaders
  • Excavators
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Volvo
  • Liebherr
  • Caterpillar
  • Hitachi Construction Machinery
  • Komatsu
  • CNH Industrial
  • John Deere

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