Earth Moving Equipment Market Challenges, Key Vendors, Drivers, Trends And Forecast to 2024

The earth moving equipment market is driven by global rapidly growing construction projects, growing economies of Asia-Pacific nations, large investment in urban and rural infrastructure, and development of advance new techniques and machineries.

The growth of construction industry in a country is measured by the growth in transportation infrastructure (rail, roads, airports, and ports), urban infrastructure (mass rail transit system, water supply and sanitation, and urban housing) and rural infrastructure (rural roads, irrigation, and rural housing).

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The increase in demand is also observed due to the growing usage of earth moving equipment in newer application such as agriculture, digging and loading mainly in time sensitive projects. 

In 2015, Asia-Pacific was the largest market for earth moving equipment, followed by Europe and North America. Asia-Pacific is also likely to lead the earth moving equipment market during the forecast period, owing to the growing economy and growing demand for better infrastructure.

The manufacturers are investing in research & development to develop better machinability and efficiency. Technology products such as Grade Control System, hydraulic excavators and Computer Aided Earthmoving System (CAES) are increasingly being introduced in the market.

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Some of the major competitors in the global earth moving equipment market include Doosan Infracore Ltd., Caterpillar Inc., JCB, Volvo Group, Terex Corporation, Komatsu Ltd., Sany Heavy Industries Co. Ltd, Ingersoll-Rand Inc., Deere & Company, and Liebherr Industry.

Global Earth Moving Equipment Market Segmentation
By Type

• Motor Grader

• Loader

• Excavator

• Backhoe

By Application

• Construction

• Underground Mining

• Surface Mining

By Geography

• North America

• U.S.

• Canada

• Mexico

• Western Europe

• U.K.

• Italy

• Spain

• Germany

• France

• Rest of Western Europe

• Central & Eastern Europe

• Russia

• Poland

• Rest of Central & Eastern Europe

• Asia-Pacific

• China

• Japan

• India

• South Korea

• Rest of Asia-Pacific

• Latin America

• Brazil

• Argentina

• Rest of Latin America

• Middle East & Africa (MEA)

• South Africa

• Saudi Arabia

• Iran

• Rest of MEA