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Global Construction Earth Moving Machinery Market Outlook, 2025

Global Construction Earth Moving Machinery Market Outlook, 2025

Bonafide Research 06-10-2020 145 Pages Figures : 78 Tables : 7
Region : Global Category : Manufacturing & Industry Machinery, Parts & Equipment
Featured Companies

1. Caterpillar Private Limited

2. Hitachi Construction Machinery Co. Ltd

3. John Deere Ltd

4. Komatsu

5. Sany

The increase in the demand for more housing units and better infrastructure has been a reason for the rise in demand for the earth moving equipment. Apart from the construction industry, these machines are used in other industries such as mining, oil industry, forestry, agriculture, etc. The earthmoving equipment is generally the heavy-duty vehicle designed for various tasks involved in the construction operations, where a large scale of the earth is to dig such as laying the foundation, grading soil, removing dirt and rocks, digging trenches, etc. This heavy equipment help in completing the tasks most efficiently with a minimized risk and less manual labour. As per the report published by Bonafide Research, titled 'Global Constructional Earth Moving Machinery Equipment Market Outlook, 2025', the commencement of various infrastructural projects has supported the market growth to USD 58.66 Billion in the year 2014, expected to grow with a CAGR of more than 4% during the forecasted period. The earthmoving types of equipment work on electric and hybrid power sources, similar to the other major equipment. With innovations in the equipment and advance technologies used, the market was recorded at USD reached more than USD 70 Billion by the end of the year 2019. The global earthmoving machinery market is dominated by the Asia Pacific region, attributing to the infrastructural development and residential & commercial constructions in many countries. The Middle East & Africa region accounted for more than 5% and this is expected to show more growth, whereas Latin America is to reach to decline to a share of less than 7% by the forecasted period. Governments in these regions are now concentrating considerably on infrastructural development, which in turn would help in improving the economy. These regions have successfully attracted private investments also, which is to support the market growth in the forecasted period. The dozers are high-powered tractors equipped with a continuous track and large hydraulic blade in the front. Useful in moving anything, these machinery are featured in a way to move easily across rough and muddy land. The graders are used in establishing a foundation, leveling grounds, etc due to its long blade structure. The loader machinery segment holds up to the highest share and is expected to decline to a share of less than 45% by the end of the forecasted period, due to its small turning radius and inconvenient transition. On the other hand, the varied usage and the compact size of the excavator machines are to support the market to grow in the future. The increase in the market share of the dozers is its ability to grip and exceptional power in pushing and pulling the earth, which is likely to cover a share of more than 15% in 2025. The motor graders are now being preferred as it can perform various activities with versatile attachments, thus capturing more market share by the end of the forecasted year. MAJOR COMPANIES PRESENT IN THE MARKET Caterpillar, Komastu, John Deere, Sany, Volvo Construction Equipment, XCMG, Hitachi Construction Equipment CONSIDERED IN THE REPORT • Geography: World Wide • Base year: 2018-19 • Historical year: 2013-14 • Estimated year: 2019-20 • Forecasted year: 2024-25 REGIONS COVERED: • North America • Europe • Asia Pacific • Latin America • Middle East & Africa The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. Also, the market is studied in detail with respect to the different types of the excavators and its purposes regionally. ASPECTS COVERED IN THE REPORT • Market Size By Value for the time period (2014-2019) • Market Size By Value for the time period (2020-2025) • Market Share by Application (2019 & 2025) • Market Share by Machine Type (2019 & 2025) • Market Share by Region (2019 & 2025) • Market Share by Country (2019 & 2025) • Market Share by Company (2019) THE APPROACH OF THE REPORT: We keep an eye on evolving markets and try to evaluate the potentials in the product and services. If we found 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 personals, company owners, dealers, distributors & end-users. Once the questionnaires have been finalized, we start collecting the primary data (majorly through phone calls) and try to understand the market dynamics with regional/tier wise. This process gives us in-depth detail of the market including all present companies, the top-performing product with reasons why they dominate; we get the details of new players and their innovative approach and 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. By this, we get a rough estimate of the market and start checking existing product price variant, trade, production, raw material scenario, 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, 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 giving more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, and 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, validates 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 strategic recommendations’ for new as well as the 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.

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