Global Earthmoving equipment market Report by Product (Loaders, Excavators, construction tractors), By Application and By Region - Global Forecast To 2022

PUNE, MAHARASHTRA, INDIA, March 6, 2017 /EINPresswire.com/ -- Market Highlights
The earthmoving equipment market is expected to grow rapidly during the forecast period. The growth of this market can be attributed to factors such as increase in demand for better infrastructure resulting from the shift of population to the urban areas and the emergence of products with advanced features and low maintenance cost. The emergence of technology with capability of monitoring and detecting failure in real time is also expected to contribute to the growth of this market. Various government initiatives are taken up for the development of infrastructure and the increased government spending on infrastructure is expected to drive the demand in earthmoving equipment market. The growth of this market can be restrained by factors such as high investment costs and the high cost of R&D, involved in manufacturing of the new and advanced earthmoving equipment.

The Earthmoving equipment market is expected to grow over the CAGR of around 7.5% during the period 2016 to 2022.

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Key Players
• Bobcat Company (U.S.)
• Atlas Copco (Nacka)
• Bharat Earth Movers Limited (India)
• Ingersoll Rand Inc. (Republic of Ireland)
• Case Construction Equipment (Netherlands)
• New Holland Construction (Italy)
• Track Marshall. (U.K.)
• Hitachi Construction Machinery Co., Ltd. (Japan)
• The Liebherr Group (Bulle)
• Volvo Construction Equipment (Belgium)
• Other

Market Research Analysis
Among all applications, the construction segment is expected to lead the earthmoving equipment market. The construction equipment is being extensively used for material handling, road constructions and concrete constructions which are helping in the growth of this market. Mining applications include all products for mining of surface and also underground mining such as crushing and mineral processing. The large scale construction projects taken up by companies are expected to contribute to the growth of this market.

Asia-Pacific region is expected to dominate the Earthmoving equipment market with highest CAGR owing to heavy investments in the construction of infrastructure such as building of roads, residential areas and ports in the region. In developing economies such as China, huge infrastructural investments are made in such as educational, healthcare and transportation projects, which are further expected to boost the earthmoving equipment market.
However the high cost of the equipment and the global economic uncertainty can hamper the growth of the market.

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Intended Audience
• Earthmoving equipment manufacturers
• Distributer & Supplier companies
• End Users
• consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

Segmentation
 By Product
• Loaders
• Excavators
• Construction tractors
• Others
 By Application
• Construction
• Mining
• Digging
• Others
 By Region
• North America
• Asia Pacific
• Europe
• Rest of the World

Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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Market Research Future
+1 646 845 9312
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