Earthmoving Equipment Industry | Forecast 2030
Earthmoving Equipment Industry Data Book Covers Excavator, Loader, Motor Grader, Dumper And Dozer Markets.
The global earthmoving equipment industry size was estimated at USD 85,892.1 million in 2022. The market is expected to expand at a CAGR of 6.7% CAGR (2023-2030).
Grand View Research’s earthmoving equipment industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
Excavators Market Insights
The global excavators market size was valued at USD 70,650.6 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030.
The excavators weighing above 46> held the largest market share of 35% in 2022. These powerful excavators can do heavy-duty work and weigh more than 45 metric tons. For large-scale demolition or significant commercial construction projects, heavy-duty excavators offer significant power. Large excavators can be useful in transporting large amounts of soil for civil engineering projects or digging foundations for malls or residential buildings.
Based on engine capacity the market is differentiated based on Up to 250 HP, 250-500 HP, and more than 500 HP. Among all the segments, up to 250 HP accumulated the highest market share of 68.80% in 2022 and is anticipated to register the fastest growth of 5.7 % from 2023-2030. One of the main elements fostering a positive perspective for the market is commercial and residential construction projects.
ICE was the dominating segment with a significant 99.27 % revenue share in 2022. Road projects and initiatives undertaken by governments worldwide are poised to stir up the demand for excavators. Increasing urbanization and industrialization are leading to a rise in construction activities and subsequently, an upsurge in demand for excavators. Over the course of the forecast period, the market expansion for excavators is anticipated to be driven by ongoing residential construction and infrastructure development.
The wheel excavators segment held the highest revenue share of 72.56% in 2022. The wheel excavator sector is projected to increase as a result of the growing requirement for waste management in the industrial industries. The massive development projects taking place in developing nations like China and India will increase demand for these cars.
Access the Global Earthmoving Equipment Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Loader Market Insights
The global loader market size was valued at USD 16.80 billion in 2019 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.4% from 2020 to 2027.
The market has been segmented based on the product type into backhoe, skid steer, crawler, and wheeled loaders. The wheeled loader segment led the market in 2019 with over 57.0% share of the overall revenue. The wheeled loader has the capability to travel on-road as well as off-road.
The market has been segmented based on the engine type, including up to 250 HP engines, 250-500 HP engines, and more than 500 HP engines. The up to 250 HP engine type loader dominated the market in 2019 with a share of more than 68.0%. The up to 250 HP engine type loaders constitute efficient and compact loaders.
The 250-500 HP engine type segment is anticipated to register the highest CAGR of 4.1% over the forecast period. The 25-500 HP engine type loaders provide higher torque as compared to low engine capacity loaders. The higher torque produced by the loaders is suitable for tasks such as small building demolition, breaking and removing concrete, material handling, earthmoving, digging in hard soils.
Earthmoving Equipment Market – Global Industry Segmentation
Earth Moving Machinery Industry, By Product
- Excavator
- By Vehicle Weight
- Less than 10
- 11 to 45
- More than 46
- By Engine Capacity
- Upto 250 HP
- 250 – 500 HP
- More than 500 HP
- By Type
- Wheel
- Crawler
- By Drive Type
- Electric
- ICE
- By Application
- Construction
- Material Handling
- Road Construction
- Loader
- By Vehicle Weight
- Less than 10
- 11 to 45
- More than 46
- By Engine Capacity
- Upto 250 HP
- 250 – 500 HP
- More than 500 HP
- By Drive Type
- Electric
- ICE
- By Application
- Construction
- Material Handling
- Road Construction
- Motor Grader
- By Vehicle Weight
- Less than 10
- 11 to 45
- More than 46
- By Engine Capacity
- Upto 250 HP
- 250 – 500 HP
- More than 500 HP
- By Drive Type
- Electric
- ICE
- By Application
- Construction
- Material Handling
- Road Construction
- Dumper
- By Vehicle Weight
- Less than 10
- 11 to 45
- More than 46
- By Engine Capacity
- Upto 250 HP
- 250 – 500 HP
- More than 500 HP
- By Drive Type
- Electric
- ICE
- By Application
- Construction
- Material Handling
- Road Construction
- Dozer
- By Vehicle Weight
- Less than 10
- 11 to 45
- More than 46
- By Engine Capacity
- Upto 250 HP
- 250 – 500 HP
- More than 500 HP
- By Type
- Wheel
- Crawler
- By Drive Type
- Electric
- ICE
- By Application
- Construction
- Material Handling
- Road Construction
Earth Moving Machinery Industry, By Vehicle Weight
- Less than 10
- 11 to 45
- More than 46
Earth Moving Machinery Industry, By Engine Capacity
- Upto 250 HP
- 250 – 500 HP
- More than 500 HP
Earth Moving Machinery Industry, By Type
- Wheel
- Crawler
Earth Moving Machinery Industry, By Drive Type
- Electric
- ICE
Earth Moving Machinery Industry, By Application
- Construction
- Material Handling
- Road Construction
Order your copy of the Free Sample of “Earthmoving Equipment Industry Data Book - Excavator, Loader, Motor Grader, Dumper And Dozer Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Earthmoving Equipment Industry Data Book Regional Outlook
- North America
- S.
- Canada
- Europe
- K.
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa (MEA)
Earthmoving Equipment Industry Data Book Competitive Landscape
The market is competitive with the presence of major Komatsu, Hitachi Construction Machinery, Caterpillar, John Deere, Volvo, CNH Industrial among others.
Key players operating in the earthmoving equipment industry are –
- Volvo Construction Equipment AB
- Terex Corporation
- JCB
- Doosan Infracore Ltd.
Go through the table of content of earthmoving equipment industry Data Book to get a better understanding of the Coverage & Scope of the study
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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Increasing preference for better infrastructure facilities among the urban population has led to surge in the number of construction projects.
With the growing urban population, demand for constructing commercial spaces, residential complexes, and multiplexes is expected to remain high.
Increasing demand for earthmoving equipment such as loaders, excavators, and construction tractors is expected to rev up demand for the earthmoving equipment tyres in the construction industry.Get the Customized Report: https://www.factmr.com/connectus/sample?flag=RC_id=379According to Fact.MR, the global earthmoving equipment tyres market is expected to represent a value of over US$ 16,100 Mn by the end of 2026.
In terms of volume, the global earthmoving equipment tyres market is expected to reach over 1,800 Mn units during the forecast period.As the requirement for developing infrastructure in various cities continues to remain high, the ruling authorities are increasingly investing on construction of roads, highways, flyovers, and buildings.
Rise in the urban population has also led to increase in demand for building construction projects globally.
In order to encourage development of smart cities, the ruling authorities are allocating funds to incorporate smart technological solutions for flyover, highways, buildings, streets, and roads.
