20.05.2019 Бизнес

Earth Moving Equipment Market Analysis Provides Information On The Historical And Current Market Size And The Future Potential Of The Market

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 large investment in urban and rural infrastructures such as highway networks, residential buildings, commercial buildings and airports, mainly in growing economies of Asia-Pacific countries, are fuelling the demand for earth moving equipment. The demand for earth moving equipment is also expected to increase owing to the growth of traditional end user industries, including mining and construction.

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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. The manufacturers also offer products equipped with GPS technology and other electronic control modules and database tools to enhance product offerings.

In 2015, China, India and Japan were the major consumers of earth moving equipment in the region. High growth in construction sector is expected by large scale government backed projects in the region. The increase in the usage of concrete is likely to create the demand for concrete equipment in infrastructure and housing projects. This is expected to boost the demand of concrete equipment, which in turn is expected to further drive the growth of earth moving equipment market in Asia Pacific.

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. The manufacturers also offer products equipped with GPS technology and other electronic control modules and database tools to enhance product offerings. 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.

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The Middle-East earthmoving equipment market is expected to grow at a moderate rate during 2016 - 2022. The growing large scale construction projects are expected to increase demand for earth moving equipment in the coming years. The technological advancements and improvement in the quality offered by vendors is also anticipated to drive the industry growth.

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.