Product Code: 408
Global Earthmoving Equipment Market will witness over 3% CAGR between 2023 and 2032. The industry is advancing due to leading industry players launching innovative equipment with advanced features. For instance, in October 2023, JCB India, a renowned manufacturer of earthmoving and construction equipment, unveiled its latest excavator lineup at its Pune-based facility. These excavators, manufactured at a cutting-edge facility in Pune with a significant degree of local production, not only serve the domestic market but are also exported to more than 80 countries, aligning with the vision of a self-reliant India.
These new offerings, equipped with technologies like automation, telematics, and enhanced fuel efficiency, cater to the evolving needs of the construction and mining sectors. As companies expand their product portfolios, customers seek the latest innovations, propelling the earthmoving equipment market growth by satisfying the demand for high-performance, efficient services in the industry.
The overall Earthmoving Equipment Market is classified based on product, application, and region.
The backhoes segment will undergo significant development from 2023 to 2032. These versatile machines play a crucial role in construction and excavation projects, offering the ability to both dig and load materials efficiently. As construction and infrastructure development activities continue to grow globally, the need for backhoes will grow substantially. Their versatility, compact size, and cost-effectiveness make them an essential component of the earthmoving equipment market outlook.
Surface mining segment will register a notable CAGR from 2023 to 2032. Surface mining requires heavy machinery to extract minerals and resources from the earth's surface efficiently. As the global demand for minerals and raw materials continues to rise, surface mining operations expand, driving the need for earthmoving equipment. These machines are essential for removing overburden and extracting valuable materials, further justifying their contribution to the earthmoving equipment market demand.
MEA earthmoving equipment market will showcase an appreciable CAGR from 2023 to 2032. MEA countries are investing heavily in the construction, mining, and transportation sectors, spurring the need for earthmoving equipment. These machines, including excavators, bulldozers, and loaders, are essential tools for these projects, and their demand in the MEA region is on the rise as it seeks rapid modernization and economic growth.
Additionally, the rising number of leading companies in the region expanding their branches and increasing production supports market growth. For instance, in October 2023, SANY, a significant player in the heavy-duty earthmoving machinery sector in southern Africa, launched a new branch in Richard's Bay. The newly established branch is set to serve a broad spectrum of sectors, including construction, materials handling, mining, and forestry, offering a comprehensive equipment lineup that encompasses front-end loaders, excavators, graders, and dump trucks.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Definitions & forecast parameters
- 1.1.1 Definitions
- 1.1.2 Methodology and forecast parameters
- 1.2 Data Sources
- 1.2.1 Secondary
- 1.2.2 Primary
Chapter 2 Executive Summary
- 2.1 Earthmoving equipment industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Product trends
- 2.1.3 Application trends
- 2.1.4 Regional trends
Chapter 3 Industry Insights
- 3.1 Industry segmentation
- 3.2 Impact of COVID-19 on earthmoving equipment industry landscape
- 3.2.1 Global outlook
- 3.2.2 Regional impact
- 3.2.2.1 North America
- 3.2.2.2 Europe
- 3.2.2.3 Asia Pacific
- 3.2.2.4 Latin America
- 3.2.2.5 MEA
- 3.2.3 Industry value chain
- 3.2.3.1 Research & development
- 3.2.3.2 Manufacturing
- 3.2.3.3 Marketing
- 3.2.3.4 Supply
- 3.2.4 Competitive landscape
- 3.2.4.1 Strategy
- 3.2.4.2 Distribution network
- 3.2.4.3 Business growth
- 3.3 Industry ecosystem analysis
- 3.3.1 Component suppliers
- 3.3.2 Technology providers
- 3.3.3 Manufacturers
- 3.3.4 End use landscape
- 3.3.5 Distribution channel analysis
- 3.3.6 Vendor matrix
- 3.4 Technology & innovation landscape
- 3.5 Regulatory landscape
- 3.5.1 North America
- 3.5.2 Europe
- 3.5.3 Asia Pacific
- 3.5.4 Latin America
- 3.5.5 MEA
- 3.6 Industry impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Government investments in infrastructure development in North America
- 3.6.1.2 Growing demand for technologically advanced equipment in Europe
- 3.6.1.3 Rapidly growing urbanization & industrialization in Asia Pacific
- 3.6.1.4 Positive outlook of mining industry in Latin America
- 3.6.1.5 Smart city development initiatives in MEA
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 High initial and maintenance cost of earthmoving equipment
- 3.7 Growth potential analysis
- 3.8 Porter's analysis
- 3.8.1 Supplier power
- 3.8.2 Buyer power
- 3.8.3 Threat of new entrants
- 3.8.4 Threat of substitutes
- 3.8.5 Internal rivalry
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
- 4.1 Introduction
- 4.2 Company market share analysis, 2022
- 4.3 Key player analysis
Chapter 5 Earthmoving Equipment Market, By Product
- 5.1 Key trends by product
- 5.2 Excavators
- 5.2.1 Market estimates and forecast, 2018 - 2032
- 5.3 Loaders
- 5.3.1 Market estimates and forecast, 2018 - 2032
- 5.4 Backhoe
- 5.4.1 Market estimates and forecast, 2018 - 2032
- 5.5 Compaction Equipment
- 5.5.1 Market estimates and forecast, 2018 - 2032
- 5.6 Others
- 5.6.1 Market estimates and forecast, 2018 - 2032
Chapter 6 Earthmoving Equipment Market, By Application
- 6.1 Key trends by application
- 6.2 Construction
- 6.2.1 Market estimates and forecast, 2018 - 2032
- 6.3 Underground mining
- 6.3.1 Market estimates and forecast, 2018 - 2032
- 6.4 Surface mining
- 6.4.1 Market estimates and forecast, 2018 - 2032
Chapter 7 Earthmoving Equipment Market, By Region
- 7.1 Key trends by region
- 7.2 North America
- 7.2.1 Market estimates and forecast, by product, 2018 - 2032
- 7.2.2 Market estimates and forecast, by application, 2018 - 2032
- 7.2.3 U.S.
- 7.2.3.1 Market estimates and forecast, by product, 2018 - 2032
- 7.2.3.2 Market estimates and forecast, by application, 2018 - 2032
- 7.2.4 Canada
- 7.2.4.1 Market estimates and forecast, by product, 2018 - 2032
- 7.2.4.2 Market estimates and forecast, by application, 2018 - 2032
- 7.3 Europe
- 7.3.1 Market estimates and forecast, by product, 2018 - 2032
- 7.3.2 Market estimates and forecast, by application, 2018 - 2032
- 7.3.3 Germany
- 7.3.3.1 Market estimates and forecast, by product, 2018 - 2032
- 7.3.3.2 Market estimates and forecast, by application, 2018 - 2032
- 7.3.4 UK
- 7.3.4.1 Market estimates and forecast, by product, 2018 - 2032
- 7.3.4.2 Market estimates and forecast, by application, 2018 - 2032
- 7.3.5 France
- 7.3.5.1 Market estimates and forecast, by product, 2018 - 2032
- 7.3.5.2 Market estimates and forecast, by application, 2018 - 2032
- 7.3.6 Italy
- 7.3.6.1 Market estimates and forecast, by product, 2018 - 2032
- 7.3.6.2 Market estimates and forecast, by application, 2018 - 2032
- 7.3.7 Russia
- 7.3.7.1 Market estimates and forecast, by product, 2018 - 2032
- 7.3.7.2 Market estimates and forecast, by application, 2018 - 2032
- 7.4 Asia Pacific
- 7.4.1 Market estimates and forecast, by product, 2018 - 2032
- 7.4.2 Market estimates and forecast, by application, 2018 - 2032
- 7.4.3 China
- 7.4.3.1 Market estimates and forecast, by product, 2018 - 2032
- 7.4.3.2 Market estimates and forecast, by application, 2018 - 2032
- 7.4.4 India
- 7.4.4.1 Market estimates and forecast, by product, 2018 - 2032
- 7.4.4.2 Market estimates and forecast, by application, 2018 - 2032
- 7.4.5 Japan
- 7.4.5.1 Market estimates and forecast, by product, 2018 - 2032
- 7.4.5.2 Market estimates and forecast, by application, 2018 - 2032
- 7.4.6 South Korea
- 7.4.6.1 Market estimates and forecast, by product, 2018 - 2032
- 7.4.6.2 Market estimates and forecast, by application, 2018 - 2032
- 7.5 Latin America
- 7.5.1 Market estimates and forecast, by product, 2018 - 2032
- 7.5.2 Market estimates and forecast, by application, 2018 - 2032
- 7.5.3 Brazil
- 7.5.3.1 Market estimates and forecast, by product, 2018 - 2032
- 7.5.3.2 Market estimates and forecast, by application, 2018 - 2032
- 7.5.4 Mexico
- 7.5.4.1 Market estimates and forecast, by product, 2018 - 2032
- 7.5.4.2 Market estimates and forecast, by application, 2018 - 2032
- 7.6 MEA
- 7.6.1 Market estimates and forecast, by product, 2018 - 2032
- 7.6.2 Market estimates and forecast, by application, 2018 - 2032
- 7.6.3 UAE
- 7.6.3.1 Market estimates and forecast, by product, 2018 - 2032
- 7.6.3.2 Market estimates and forecast, by application, 2018 - 2032
- 7.6.4 Saudi Arabia
- 7.6.4.1 Market estimates and forecast, by product, 2018 - 2032
- 7.6.4.2 Market estimates and forecast, by application, 2018 - 2032
- 7.6.5 South Africa
- 7.6.5.1 Market estimates and forecast, by product, 2018 - 2032
- 7.6.5.2 Market estimates and forecast, by application, 2018 - 2032
Chapter 8 Company Profiles
- 8.1 Caterpillar, Inc.
- 8.1.1 Business Overview
- 8.1.2 Financial Data
- 8.1.3 Product Landscape
- 8.1.4 Strategic Outlook
- 8.1.5 SWOT Analysis
- 8.2 CNH Industrial
- 8.2.1 Business Overview
- 8.2.2 Financial Data
- 8.2.3 Product Landscape
- 8.2.4 Strategic Outlook
- 8.2.5 SWOT Analysis
- 8.3 Deere and Co.
- 8.3.1 Business Overview
- 8.3.2 Financial Data
- 8.3.3 Product Landscape
- 8.3.4 Strategic Outlook
- 8.3.5 SWOT Analysis
- 8.4 Doosan Group
- 8.4.1 Business Overview
- 8.4.2 Financial Data
- 8.4.3 Product Landscape
- 8.4.4 Strategic Outlook
- 8.4.5 SWOT Analysis
- 8.5 Hitachi Construction Machinery Co. Ltd
- 8.5.1 Business Overview
- 8.5.2 Financial Data
- 8.5.3 Product Landscape
- 8.5.4 Strategic Outlook
- 8.5.5 SWOT Analysis
- 8.6 Hyundai Heavy Industries Co., Ltd.
- 8.6.1 Business Overview
- 8.6.2 Financial Data
- 8.6.3 Product Landscape
- 8.6.4 Strategic Outlook
- 8.6.5 SWOT Analysis
- 8.7 JCB
- 8.7.1 Business Overview
- 8.7.2 Financial Data
- 8.7.3 Product Landscape
- 8.7.4 Strategic Outlook
- 8.7.5 SWOT Analysis
- 8.8 Komatsu, Ltd.
- 8.8.1 Business Overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 Strategic Outlook
- 8.8.5 SWOT Analysis
- 8.9 Liebherr Group
- 8.9.1 Business Overview
- 8.9.2 Financial Data
- 8.9.3 Product Landscape
- 8.9.4 Strategic Outlook
- 8.9.5 SWOT Analysis
- 8.10 Sany Group
- 8.10.1 Business Overview
- 8.10.2 Financial Data
- 8.10.3 Product Landscape
- 8.10.4 Strategic Outlook
- 8.10.5 SWOT Analysis
- 8.11 Sumitomo Construction Machinery
- 8.11.1 Business Overview
- 8.11.2 Financial Data
- 8.11.3 Product Landscape
- 8.11.4 Strategic Outlook
- 8.11.5 SWOT Analysis
- 8.12 Terex Corporation
- 8.12.1 Business Overview
- 8.12.2 Financial Data
- 8.12.3 Product Landscape
- 8.12.4 Strategic Outlook
- 8.12.5 SWOT Analysis
- 8.13 Volvo Construction Equipment
- 8.13.1 Business Overview
- 8.13.2 Financial Data
- 8.13.3 Product Landscape
- 8.13.4 Strategic Outlook
- 8.13.5 SWOT Analysis
- 8.14 XCMG Group
- 8.14.1 Business Overview
- 8.14.2 Financial Data
- 8.14.3 Product Landscape
- 8.14.4 Strategic Outlook
- 8.14.5 SWOT Analysis
- 8.15 Zoomlion Heavy Industry Science &Technology Co., Ltd.
- 8.15.1 Business Overview
- 8.15.2 Financial Data
- 8.15.3 Product Landscape
- 8.15.4 Strategic Outlook
- 8.15.5 SWOT Analysis