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Earthmoving Equipment Market To Reach $ 108.53 Bn By 2032, Driven By Rising Infrastructure Development And Urbanization
(MENAFN- EIN Presswire)
Get a Sample Report of Earthmoving Equipment Market @
Key Players:
. Yanmar Co. Ltd (Mini Excavators, Wheel Loaders)
. C. Bamford Excavators Limited (Backhoe Loaders, Mini Excavators, Skid Steer Loaders)
. SANY America (Excavators, Wheel Loaders, Crawler Cranes, Concrete Machinery)
. Kubota Corporation (Mini Excavators, Tractors, Skid Steer Loaders)
. Tadano Ltd (Cranes, Aerial Work Platforms, Crawler Cranes)
. Komatsu Ltd (Hydraulic Excavators, Bulldozers, Wheel Loaders, Dump Trucks)
. Liebherr Group (Excavators, Wheel Loaders, Bulldozers, Dump Trucks)
. Doosan Infracore Co. Ltd (Excavators, Wheel Loaders, Skid Steer Loaders)
. CASE Construction (Backhoe Loaders, Skid Steer Loaders, Wheel Loaders)
. Terex Corporation (Cranes, Excavators, Wheel Loaders, Haul Trucks)
. Hyundai Heavy Industries Co. Ltd (Excavators, Wheel Loaders, Crawler Dozes)
. Doosan Bobcat (Skid Steer Loaders, Mini Excavators, Compact Track Loaders)
. JLG Industries (Boom Lifts, Scissor Lifts, Telehandlers)
. Caterpillar Inc. (Bulldozers, Excavators, Loaders, Graders)
. New Holland Construction (Wheel Loaders, Backhoe Loaders, Excavators)
. XCMG (Excavators, Loaders, Road Rollers, Cranes)
. Hitachi Construction Machinery Co. Ltd (Excavators, Dump Trucks, Wheel Loaders)
. Manitou Group (Telehandlers, Forklifts, Articulated Loaders)
. CNH Industrial N.V (Case Construction Equipment: Wheel Loaders, Backhoe Loaders, Excavators)
. AB Volvo (Excavators, Wheel Loaders, Articulated Haulers)
By Product Type, Excavators Held the Largest Market Share of Around 51% in 2023
This is due to their widespread usage in the construction, mining, and agriculture sectors. These machines, available in different sizes and configurations, offer superior digging capabilities and operational efficiency. The introduction of hybrid and electric excavators by companies such as Caterpillar, Komatsu, and Volvo Construction Equipment has strengthened this segment. Additionally, the growing adoption of autonomous and remotely controlled excavators has improved productivity and safety in construction projects.
By Industry, Construction Accounted for the Largest Market Share of 42% in 2023
It is owing to this sector is witnessing steady market growth, supported by rising infrastructure development and real estate expansion globally. An increase in demand for cutting-edge construction equipment has also been driven by government actions like the U.S. Infrastructure Investment. In addition, the increasing trend of modular construction and prefabricated buildings is propelling manufacturers to come up with novel high-performance earthmoving equipment.
Asia-Pacific Led the Market with a Share of 38% in 2023
Asia-Pacific dominated the earthmoving equipment market, driven by rapid urbanization, infrastructure projects, and increasing foreign direct investments in construction. Countries such as China, India, and Japan are leading contributors to market growth due to their large-scale development projects, including high-speed rail networks, smart cities, and industrial zones. Government-backed initiatives like India's National Infrastructure Pipeline (NIP) and China's New Infrastructure Plan have created a favorable environment for earthmoving equipment manufacturers. Additionally, the increasing presence of global players such as Hitachi Construction Machinery and Hyundai Construction Equipment in the region has further accelerated market growth.
As infrastructure development continues to be a key priority worldwide, the earthmoving equipment market is poised for significant expansion. The integration of automation, electrification, and digital connectivity in construction machinery will play a crucial role in shaping the future landscape of the industry. Manufacturers are focusing on strategic collaborations, product innovations, and sustainability-driven technologies to enhance operational efficiency and reduce environmental impact. With continuous advancements in construction equipment, the earthmoving equipment market is expected to witness robust growth in the coming years.
Buy Full Research Report on Earthmoving Equipment Market 2024-2032 @
North America accounted for a major share of the earthmoving equipment market, owing to a rise in infrastructure development projects, high investment in commercial and residential construction, and increasing technology upgradation in heavy machinery. This, along with the presence of the major construction equipment manufacturers in the region such as Caterpillar, John Dee, and Bobcat among others will continue to drive the market, especially due to the continuous advancements in the construction equipment by these firms towards fuel-efficient and automated solutions. For example, the investment of the U.S. government in big positioning initiatives like highway expansion, renewable energy basis, and intelligent city tasks have enhanced marketplace demand. There also has been an increase in demand and permitting for electric and autonomous earthmoving equipment, fueled by a combination of stringent environmental regulations and mounting sustainability pressures.
About Us:
SNS Insider is a global leader in market research and consulting, shaping the future of the industry. Our mission is to empower clients with the insights they need to thrive in dynamic environments. Utilizing advanced methodologies such as surveys, video interviews, and focus groups, we provide up-to-date, accurate market intelligence and consumer insights, ensuring you make confident, informed decisions.
Earthmoving Equipment Market
Earthmoving equipment market is witnessing substantial growth, due to the rising construction of residential, commercial, and industrial structures worldwide.
AUSTIN, TX, UNITED STATES, February 24, 2025 /EINPresswire / -- The earthmoving equipment market was valued at USD 63.10 billion in 2023 and is projected to reach USD 108.53 billion by 2032, growing at a CAGR of 6.21% from 2024 to 2032. This translates into an ever-growing demand for adept contraptions, augmented mining operations, and in most passing the automation and telematics of construction equipment. Additionally, leading players are working towards developing earthmoving equipment that are electric powered and hybrid electric earthmoving equipment, to comply with strict emission regulations while improving operational efficiency. Moreover, the government's efforts in the direction of developing infrastructures like roads, railways, and smart city projects are supplementing the market growth.Get a Sample Report of Earthmoving Equipment Market @
Key Players:
. Yanmar Co. Ltd (Mini Excavators, Wheel Loaders)
. C. Bamford Excavators Limited (Backhoe Loaders, Mini Excavators, Skid Steer Loaders)
. SANY America (Excavators, Wheel Loaders, Crawler Cranes, Concrete Machinery)
. Kubota Corporation (Mini Excavators, Tractors, Skid Steer Loaders)
. Tadano Ltd (Cranes, Aerial Work Platforms, Crawler Cranes)
. Komatsu Ltd (Hydraulic Excavators, Bulldozers, Wheel Loaders, Dump Trucks)
. Liebherr Group (Excavators, Wheel Loaders, Bulldozers, Dump Trucks)
. Doosan Infracore Co. Ltd (Excavators, Wheel Loaders, Skid Steer Loaders)
. CASE Construction (Backhoe Loaders, Skid Steer Loaders, Wheel Loaders)
. Terex Corporation (Cranes, Excavators, Wheel Loaders, Haul Trucks)
. Hyundai Heavy Industries Co. Ltd (Excavators, Wheel Loaders, Crawler Dozes)
. Doosan Bobcat (Skid Steer Loaders, Mini Excavators, Compact Track Loaders)
. JLG Industries (Boom Lifts, Scissor Lifts, Telehandlers)
. Caterpillar Inc. (Bulldozers, Excavators, Loaders, Graders)
. New Holland Construction (Wheel Loaders, Backhoe Loaders, Excavators)
. XCMG (Excavators, Loaders, Road Rollers, Cranes)
. Hitachi Construction Machinery Co. Ltd (Excavators, Dump Trucks, Wheel Loaders)
. Manitou Group (Telehandlers, Forklifts, Articulated Loaders)
. CNH Industrial N.V (Case Construction Equipment: Wheel Loaders, Backhoe Loaders, Excavators)
. AB Volvo (Excavators, Wheel Loaders, Articulated Haulers)
By Product Type, Excavators Held the Largest Market Share of Around 51% in 2023
This is due to their widespread usage in the construction, mining, and agriculture sectors. These machines, available in different sizes and configurations, offer superior digging capabilities and operational efficiency. The introduction of hybrid and electric excavators by companies such as Caterpillar, Komatsu, and Volvo Construction Equipment has strengthened this segment. Additionally, the growing adoption of autonomous and remotely controlled excavators has improved productivity and safety in construction projects.
By Industry, Construction Accounted for the Largest Market Share of 42% in 2023
It is owing to this sector is witnessing steady market growth, supported by rising infrastructure development and real estate expansion globally. An increase in demand for cutting-edge construction equipment has also been driven by government actions like the U.S. Infrastructure Investment. In addition, the increasing trend of modular construction and prefabricated buildings is propelling manufacturers to come up with novel high-performance earthmoving equipment.
Asia-Pacific Led the Market with a Share of 38% in 2023
Asia-Pacific dominated the earthmoving equipment market, driven by rapid urbanization, infrastructure projects, and increasing foreign direct investments in construction. Countries such as China, India, and Japan are leading contributors to market growth due to their large-scale development projects, including high-speed rail networks, smart cities, and industrial zones. Government-backed initiatives like India's National Infrastructure Pipeline (NIP) and China's New Infrastructure Plan have created a favorable environment for earthmoving equipment manufacturers. Additionally, the increasing presence of global players such as Hitachi Construction Machinery and Hyundai Construction Equipment in the region has further accelerated market growth.
As infrastructure development continues to be a key priority worldwide, the earthmoving equipment market is poised for significant expansion. The integration of automation, electrification, and digital connectivity in construction machinery will play a crucial role in shaping the future landscape of the industry. Manufacturers are focusing on strategic collaborations, product innovations, and sustainability-driven technologies to enhance operational efficiency and reduce environmental impact. With continuous advancements in construction equipment, the earthmoving equipment market is expected to witness robust growth in the coming years.
Buy Full Research Report on Earthmoving Equipment Market 2024-2032 @
North America accounted for a major share of the earthmoving equipment market, owing to a rise in infrastructure development projects, high investment in commercial and residential construction, and increasing technology upgradation in heavy machinery. This, along with the presence of the major construction equipment manufacturers in the region such as Caterpillar, John Dee, and Bobcat among others will continue to drive the market, especially due to the continuous advancements in the construction equipment by these firms towards fuel-efficient and automated solutions. For example, the investment of the U.S. government in big positioning initiatives like highway expansion, renewable energy basis, and intelligent city tasks have enhanced marketplace demand. There also has been an increase in demand and permitting for electric and autonomous earthmoving equipment, fueled by a combination of stringent environmental regulations and mounting sustainability pressures.
About Us:
SNS Insider is a global leader in market research and consulting, shaping the future of the industry. Our mission is to empower clients with the insights they need to thrive in dynamic environments. Utilizing advanced methodologies such as surveys, video interviews, and focus groups, we provide up-to-date, accurate market intelligence and consumer insights, ensuring you make confident, informed decisions.
Jagney Dave
SNS Insider Pvt. Ltd
+1 315 636 4242
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Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
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