Global Construction Earth Moving Machinery Market Outlook, 2027

Global Construction Earth Moving Machinery Market is segmented into 5 regions: North America, Europe, Asia Pacific, South America, Middle East, & Africa.

Featured Companies

  • 1. Caterpillar Private Limited
  • 2. Doosan Infracore
  • 3. Epiroc
  • 4. Hitachi Construction Machinery Co. Ltd
  • 5. J C Bamford Excavators Ltd
  • 6. John Deere Ltd
  • 7. Kobe Steel Ltd
  • 8. Komatsu
  • 9. Sany
  • More...

A rapidly growing construction industry is a key factor expected to drive growth of the global earth moving equipment market over the forecast period. The increase in the demand for more housing units and better infrastructure has been a reason for the increase in demand for earth moving equipment. Apart from the construction industry, these machines are widely used in other industries such as mining, the oil industry, forestry, agriculture, etc. Earth moving equipment is typically heavy-duty vehicles designed for a variety of tasks associated with construction operations. Earthmoving equipment is generally used in tasks where a large amount of earth is to be dug up, such as laying foundations, grading soil, removing dirt and rocks, digging trenches, etc. This heavy equipment helps in completing the tasks in the easiest way possible with minimal risk and less manual labor. As per the report published by Bonafide Research, titled "Global Constructional Earth Moving Machinery Equipment Market Outlook, 2027", the commencement of various infrastructural projects has supported the market's growth to USD 72 Billion in the year 2021, which is expected to grow with a CAGR of more than 4.5% during the forecast period. The earthmoving equipment works on electric and hybrid power sources, similar to the other major equipment. With innovations in the equipment and advanced technologies used, the market is anticipated to witness prominent market growth during the upcoming timeframe. The global earthmoving machinery market is dominated by the Asia-Pacific region, due to the infrastructural development and residential and commercial construction in many countries. Governments in these regions are now concentrating considerably on infrastructural development, which in turn will help in improving the economy.

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Based on equipment type, the market is segmented into excavators, loaders, dozers, and motor graders. Excavators are expected to expand their market over the forecast period, driving demand across the industrial, residential, and commercial sectors. The rental services for the excavators are also anticipated to drive the earthmoving equipment market growth. A shift from conventional excavators to automated excavators is observed. The equipment is more efficient than the traditional excavators. Crawler excavators are expected to dominate the earthmoving equipment market. Mini-excavator wheel excavators are expected to grow considerably over the forecast period. The motor graders are now being preferred as they can perform various activities with versatile attachments, thus capturing more market share by the end of the forecast year. There has been a rapid increase in the number of new construction projects in both commercial and residential sectors, as growing urbanization and industrialization are supporting the industry's growth. A piece of earthmoving equipment can be understood as a heavy-duty vehicle designed specifically for the execution of construction jobs, mostly related to earthwork operations. Earthmoving equipment is majorly employed in the construction industry for moving large amounts of earth or for digging the foundations for large building structures and landscape areas. Operating earthmoving equipment is known to require technically skilled labor, specifically trained for operating such equipment. Further, the rising urban population generating higher demand for better infrastructure is expected to propel the earthmoving market over the coming years. The increase in the urban population contributes to the demand for improved and advanced infrastructure. According to the International Institute for Environment and Development, the world's urban population will increase to 4.4 billion in 2020. Furthermore, according to the United Nations Department of Economic and Social Affairs, the proportion is expected to reach 68% by the end of 2050. This four-fold growth creates a need for more infrastructure, increased urban development, and more building activities to accommodate people. Thus, these factors propel the demand for construction equipment, including earthmoving, as these machines are used for land clearing, lifting, and other heavy work.

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Manmayi Raval

Manmayi Raval

Research Consultant

Major players operating in the market are concentrating on introducing new technological innovations which have gained popularity over recent years. Companies manufacturing earth moving equipment are focusing on incorporating 5G cellular technology to advance remote operation towards real-time control. The ultra-low latency of 5G enables systems controlling a vehicle to react sooner, such as during braking or turning, vastly improving safety on the jobsite. The 5G network also promises to advance artificial intelligence, virtual reality, as well as IoT technologies for better remote control and connectivity. For instance, in March 2020, Zoomlion Heavy Industry Science and Technology Co., a Chinese producer of engineering and agricultural equipment, launched two G-series hydraulic excavator flagship products, the ZE75G and ZE215GLC, with 5G technology incorporated. In March 2020, K-Tec Earthmovers Inc. (K-Tec), a Canadian company that manufactures efficient earthmoving scrapers for construction and mining sites, merged with Ashland Industries (Ashland), a manufacturer of earthmoving equipment. The merged company will have manufacturing and service locations in Rosenort, Manitoba, Canada; and Ashland, Wisconsin, United States. The merger allows both companies to offer the most extensive product line of earthmoving scrapers in the industry. The combination is also expected to provide shorter lead times for customers and accelerate product design and launch. Ashland Industries (Ashland) is a US-based manufacturer of earthmoving equipment for the agricultural, industrial, and construction sectors. On the other hand, 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 more 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 high demand for earthmoving equipment has been the main factor for the high demand for earthmoving equipment, which has led to the global sale of earthmoving equipment.

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Manmayi Raval

In the era of EVs, earthmoving equipment is also going electric as Volvo introduced the first commercial zero-emission electric excavator and wheel loader, which are alternatives to traditional diesel-powered machinery. Electric earthmoving equipment is expected to contribute majorly towards the climate goal. Manufacturers are continually innovating and producing innovations for market sizes and types, providing moveable solutions for the earthmoving equipment market by developing next-generation machinery, investing in operational excellence, and offering aftermarket services. Moreover, technological advancements in construction and mining equipment are expected to boost the growth of the global market in the near future. However, fluctuating economic conditions coupled with enforcement of emission-control norms are expected to restrain the growth of the global earth moving equipment market over the forecast period. In addition, regulations on mining activities across the globe are another factor expected to hamper growth of the target market over the forecast period. Increasing strategic expansions, high investment in R&D activities, and the development of innovative products are expected to create potential revenue opportunities for players operating in the global market over the forecast period. COVID-19 Impacts: The outbreak of the COVID-19 pandemic has spread across the globe. The declaration of the corona-virus as a pandemic by the WHO in March 2020 has resulted in lockdowns being implemented in most countries. The strict restrictions that have been imposed by government authorities have compelled industry players to allow their employees to work remotely and in a virtual manner. However, the adoption of automated developed technologies to minimize human interaction in manufacturing and production facilities is expected to support the widespread growth of the global earthmoving equipment market during the forecast period that will end in 2027. The widespread use of technologies, including automated machinery and advanced electronics, has not only ensured the continuous running of businesses during the pandemic but has further enhanced work productivity. The growing degree of sales of excavators and related products is likely to play a vital role in generating revenue for the earthmoving equipment industry. The rise in demand for the products can be attributed to their high usage in the construction of commercial and residential buildings. The market report shows that there has been a huge demand for the products, and hence, the losses during the pandemic are likely to be covered in the period. The fluctuating degree of sales of excavators is further expected to affect the global growth of the earthmoving equipment market over the projected timeframe. Major Companies Present In the Market Caterpillar Private Limited, Doosan Infracore, Epiroc Construction Machinery Co. Ltd, Hitachi Construction Machinery Co. Ltd, J C Bamford Excavators Ltd, John Deere Ltd, Kobe Steel Ltd, Komatsu Ltd., Sany Group, XCMG Ltd., Zoomlion Co. Ltd Considered In the Report • Geography: Global • Base year: 2021 • Historical year: 2016 • Estimated year: 2022 • Forecasted year: 2027 Regions covered: • North America (USA, Canada, Mexico) • Europe (UK, Germany, Russia, France, Spain, Italy) • Asia Pacific (Japan, India, China, Australia) • South America (Brazil, Argentina, Columbia) • Middle East & Africa (Saudi Arabia, UAE, Qatar, South Africa) Aspects Covered In the Report • Market Size By Value for the historic time period (2016-2021) • Market Size By Value for the forecast time period (2021-2027) • Market Share by Application (2016, 2021 & 2027F) • Market Share by Equipments (2016, 2021 & 2027F) • Market Share by Region (2016, 2021 & 2027F) • Market Share by Country (2016, 2021 & 2027F) • Market Share by Company (2021) Segments covered in the Report By Application • Earth Moving Machinery • Material Handling Machinery • Concrete and road construction Machinery • Other Machinery By Earth Moving Machinery • Excavators • Loaders • Dozers • Motor Graders The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the construction machinery and excavator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Caterpillar Private Limited
  • Doosan Infracore
  • Epiroc
  • Hitachi Construction Machinery Co. Ltd
  • J C Bamford Excavators Ltd
  • John Deere Ltd
  • Kobe Steel Ltd
  • Komatsu
  • Sany
  • Zoomlion
  • XCMG

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic /Demographic Snapshot
  • 5. Global Construction Equipments Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share
  • 5.2.1. By Region
  • 5.2.2. By Country
  • 5.2.3. By Company
  • 5.2.4. By Application
  • 6. Global Earth Moving Machinery Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Region
  • 6.2.2. By Equipments
  • 7. Global Material Handling Machinery Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share
  • 7.2.1. By Region
  • 7.2.2. By Equipments
  • 8. Global Concrete and Road Construction Machinery Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share
  • 8.2.1. By Region
  • 8.2.2. By Equipments
  • 9. North America Earth Moving Machinery Market Outlook
  • 9.1. Market Size By Value By Country
  • 9.2. Market Share By Equipments
  • 9.3. US Earth Moving Machinery Market Outlook
  • 9.3.1. Market Size By Value
  • 9.3.2. Market Share By Equipments
  • 9.4. Canada Earth Moving Machinery Market Outlook
  • 9.4.1. Market Size By Value
  • 9.4.2. Market Share By Equipments
  • 9.5. Mexico Earth Moving Machinery Market Outlook
  • 9.5.1. Market Size By Value
  • 9.5.2. Market Share By Equipments
  • 10. Europe Earth Moving Machinery Market Outlook
  • 10.1. Market Size By Value By Country
  • 10.2. Market Share By Equipments
  • 10.3. UK Earth Moving Machinery Market Outlook
  • 10.3.1. Market Size By Value
  • 10.3.2. Market Share By Equipments
  • 10.4. Germany Earth Moving Machinery Market Outlook
  • 10.4.1. Market Size By Value
  • 10.4.2. Market Share By Equipments
  • 10.5. Russia Earth Moving Machinery Market Outlook
  • 10.5.1. Market Size By Value
  • 10.5.2. Market Share By Equipments
  • 10.6. France Earth Moving Machinery Market Outlook
  • 10.6.1. Market Size By Value
  • 10.6.2. Market Share By Equipments
  • 10.7. Spain Earth Moving Machinery Market Outlook
  • 10.7.1. Market Size By Value
  • 10.7.2. Market Share By Equipments
  • 10.8. Italy Earth Moving Machinery Market Outlook
  • 10.8.1. Market Size By Value
  • 10.8.2. Market Share By Equipments
  • 11. Asia-Pacific Earth Moving Machinery Market Outlook
  • 11.1. Market Size By Value By Country
  • 11.2. Market Share By Equipments
  • 11.3. Japan Earth Moving Machinery Market Outlook
  • 11.3.1. Market Size By Value
  • 11.3.2. Market Share By Equipments
  • 11.4. China Moving Machinery Market Outlook
  • 11.4.1. Market Size By Value
  • 11.4.2. Market Share By Equipments
  • 11.5. India Earth Moving Machinery Market Outlook
  • 11.5.1. Market Size By Value
  • 11.5.2. Market Share By Equipments
  • 11.6. Australia Earth Moving Machinery Market Outlook
  • 11.6.1. Market Size By Value
  • 11.6.2. Market Share By Equipments
  • 12. South America Earth Moving Machinery Market Outlook
  • 12.1. Market Size By Value By Country
  • 12.2. Market Share By Equipments
  • 12.3. Brazil Earth Moving Machinery Market Outlook
  • 12.3.1. Market Size By Value
  • 12.3.2. Market Share By Equipments
  • 12.4. Argentina Earth Moving Machinery Market Outlook
  • 12.4.1. Market Size By Value
  • 12.4.2. Market Share By Equipments
  • 12.5. Columbia Earth Moving Machinery Market Outlook
  • 12.5.1. Market Size By Value
  • 12.5.2. Market Share By Equipments
  • 13. Middle East & Africa Earth Moving Machinery Market Outlook
  • 13.1. Market Size By Value By Country
  • 13.2. Market Share By Equipments
  • 13.3. Saudi Arabia Earth Moving Machinery Market Outlook
  • 13.3.1. Market Size By Value
  • 13.3.2. Market Share By Equipments
  • 13.4. UAE Earth Moving Machinery Market Outlook
  • 13.4.1. Market Size By Value
  • 13.4.2. Market Share By Equipments
  • 13.5. Qatar Earth Moving Machinery Market Outlook
  • 13.5.1. Market Size By Value
  • 13.5.2. Market Share By Equipments
  • 13.6. South Africa Earth Moving Machinery Market Outlook
  • 13.6.1. Market Size By Value
  • 13.6.2. Market Share By Equipments
  • 14. Market Dynamics
  • 14.1. Market Drivers
  • 14.2. Market Challenges
  • 15. Market Trends and Developments
  • 15.1. XXXXXX
  • 15.2. XXXXXX
  • 15.3. XXXXXX
  • 15.4. XXXXXX
  • 15.5. XXXXXX
  • 15.6. XXXXXX
  • 16. Company Profiles
  • 16.1. Caterpillar Private Limited
  • 16.2. Doosan Infracore
  • 16.3. Epiroc Construction Machinery Co. Ltd
  • 16.4. Hitachi Construction Machinery Co. Ltd
  • 16.5. J C Bamford Excavators Ltd
  • 16.6. John Deere Ltd
  • 16.7. Kobe Steel Ltd
  • 16.8. Komatsu Ltd.
  • 16.9. Sany Group
  • 16.10. XCMG Ltd.
  • 16.11. Zoomlion Co. Ltd.
  • 17. Strategic Recommendations
  • 18. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Construction Equipments Market Share By Region (2016, 2021 & 2027F)
Table 5: Global Construction Equipments Market Share By Country (2021)
Table 6: Global Construction Equipments Market Share By Company (2021)
Table 7: Global Earth Moving Machinery Market Share By Region (2016, 2021 & 2027F)
Table 8: Global Material Handling Machinery Market Share By Region (2016, 2021 & 2027F)
Table 9: Global Concrete and Road Construction Machinery Market Share By Region (2016, 2021 & 2027F)
Table 10: US Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 11: US Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 12: Canada Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 13: Canada Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 14: Mexico Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 15: Mexico Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 16: UK Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 17: UK Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 18: Germany Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 19: Germany Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 20: Russia Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 21: Russia Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 22: France Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 23: France Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 24: Spain Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 25: Spain Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 26: Italy Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 27: Italy Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 28: Japan Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 29: Japan Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 30: China Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 31: China Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 32: India Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 33: India Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 34: Australia Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 35: Australia Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 36: Brazil Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 37: Brazil Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 38: Argentina Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 39: Argentina Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 40: Columbia Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 41: Columbia Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 42: Saudi Arabia Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 43: Saudi Arabia Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 44: UAE Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 45: UAE Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 46: Qatar Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 47: Qatar Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 48: South Africa Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 49: South Africa Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 50: Key Facts of Caterpillar Private Limited
Table 51: Key Facts of Doosan Infracore
Table 52: Key Facts of Epiroc Construction Machinery Co. Ltd
Table 53: Key Facts of Hitachi Construction Machinery Co. Ltd
Table 54: Key Facts of J C Bamford Excavators Ltd
Table 55: Key Facts of John Deere Ltd
Table 56: Key Facts of Kobe Steel Ltd
Table 57: Key Facts of Komatsu Ltd.
Table 58: Key Facts of Sany Group
Table 59: Key Facts of XCMG Ltd.
Table 60: Key Facts of Zoomlion Co. Ltd.

List of Figures
Figure 1: Global Construction Equipments Market Size By Value 2016 to 2027F(In USD Billion)
Figure 2: Global Construction Equipments Market Share By Application (2016, 2021 & 2027F)
Figure 3: Global Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 4: Global Earth Moving Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 5: Global Material Handling Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 6: Global Material Handling Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 7: Global Concrete and Road Construction Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 8: Global Concrete and Road Construction Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 9: North America Earth Moving Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 10: Europe Earth Moving Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 11: Asia-Pacific Earth Moving Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 12: South America Earth Moving Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 13: Middle East & Africa Earth Moving Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 14: Market Attractiveness Index, 2021
Figure 15: Market Attractiveness Index, 2027F

Feed Phosphate Market Research FAQs

Asia Pacific Region is expected to hold the highest share in the Earthmoving Equipment Market.

The market size of the Earthmoving Equipment Market by 2027 is US $ 92 Bn.

Volvo CE, Caterpillar Inc., Komatsu Limited, Doosan Co, Hitachi Construction Machinery Co, Liebherr Group, JCB, Hyundai Construction Equipment Co. Ltd, Sany Heavy Industry Limited, Terex Corporation, CNH Heavy Industries Co. Ltd, Deere and Company, Kobelco Construction Machinery Co. Ltd, Mitsubishi Heavy Industries Ltd, Zoomlion Heavy Industry Science & Technology Co. Ltd.

Increasing demand for excavators and emphasis on adopting robust strategies are driving factors for growth in the market of the Earthmoving Equipment Market.

Major applications of Earthmoving Equipment include construction, mining, digging, and others.
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Global Construction Earth Moving Machinery Market Outlook, 2027

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