Product Code: 978-1-68038-512-0
Earthmoving Equipment Market Growth & Trends:
The global earthmoving equipment market size is expected to reach USD 99.90 billion in 2030 and is projected to grow at a CAGR of 5.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. The global demand for earthmoving equipment is propelled by rapid urbanization and the necessity for modern infrastructure. Governments worldwide are investing substantially in infrastructure projects, including roads, bridges, airports, and railways. For instance, in May 2023, in the U.S. government announced funding of over USD 220 billion for over 32,000 projects across the U.S. As part of the Investing in America agenda, the administration is rebuilding the bridges & roads, cleaning up legacy pollution, high-speed internet, and replacing lead pipes to provide clean water. Such government initiatives increase the demand for earthmoving equipment in the country. Additionally, the accelerated urbanization and population growth in various regions necessitate the construction of residential and commercial buildings to accommodate the expanding population.
However, the growing popularity of earthmoving equipment rentals presents a significant challenge for Original Equipment Manufacturers (OEMs). Renting provides access to top-notch equipment without significant initial investments, reducing financial risks. Customers prefer flexible rental options that eliminate long-term ownership and maintenance costs. Adapting to these shifting customer preferences is crucial for OEMs to meet evolving market demands. Furthermore, the exorbitant expenses associated with acquiring and upkeeping earthmoving equipment can dissuade potential buyers, particularly Small and Medium-sized Enterprises (SMEs). The industry's capital-intensive nature hampers its expansion and hinders SMEs' access to earthmoving equipment.
Increasing environmental concerns and stricter regulations drive the demand for eco-friendly market. This shift prompts the industry to adopt electric and hybrid-powered equipment, reducing carbon emissions and decreasing noise pollution at construction sites. Manufacturers invest in research and development to improve earthmoving equipment's energy efficiency and sustainability. This trend offers significant opportunities for companies to offer greener alternatives and differentiate themselves in the market. For instance, in February 2023, CNH Industrial N.V. announced an agreement with TOBROCCO-GIANT, a construction equipment company based in the Netherlands. Under the agreement, the TOBROCCO-GIANT's compact and sub-compact wheel loaders will be supplied under CNH Industrial N.V.'s brands: New Holland Construction and CASE Construction Equipment in North America.
Earthmoving Equipment Market Report Highlights:
- The loader segment dominated the earthmoving equipment market with a revenue share of 50.2% in 2024. The loader segment encompasses various types, such as wheeled loaders and skid-steer loaders
- Up to 250 HP segment accounted for the largest market share in 2024. Machines with a power range of up to 250 HP are commonly utilized for medium-scale projects that require a balance between power and maneuverability
- ICE accounted for the largest market share in 2024, the growth primarily driven by the need to meet these power and torque demands while ensuring optimal performance
- Electric is anticipated to register the fastest CAGR over the forecast period. The integration of electric engines in earthmoving equipment presents numerous opportunities and benefits
- Asia Pacific earthmoving equipment market dominated globally with a revenue share of 40.8% in 2024. This is attributed to growing infrastructure development projects initiated by governments and organizations in countries such as China, India, and others
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Earthmoving Equipment Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Drivers Analysis
- 3.2.2. Market Restraints Analysis
- 3.2.3. Industry Challenge
- 3.3. Earthmoving Equipment Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining Power of The Suppliers
- 3.3.1.2. Bargaining Power of The Buyers
- 3.3.1.3. Threats Of Substitution
- 3.3.1.4. Threats From New Entrants
- 3.3.1.5. Competitive Rivalry
- 3.3.2. PESTEL Analysis
Chapter 4. Earthmoving Equipment Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Earthmoving Equipment Market: Product Movement Analysis, USD Million, 2024 & 2030
- 4.3. Dozer
- 4.3.1. Dozer Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Vehicle Weight
- 4.3.2.1. Vehicle Weight Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.2. <10
- 4.3.2.2.1. <10 Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.3. 11 to 45
- 4.3.2.3.1. 11 to 45 Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.4. 46>
- 4.3.2.4.1. 11 to 45 Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Engine Capacity
- 4.3.3.1. Engine Capacity Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3.2. Up to 250 HP
- 4.3.3.2.1. Up to 250 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3.3. 250-500 HP
- 4.3.3.3.1. 250-500 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3.4. More than 500 HP
- 4.3.3.4.1. More than 500 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4. Type
- 4.3.4.1. Type Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4.2. Wheel
- 4.3.4.2.1. Wheel Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4.3. Crawler
- 4.3.4.3.1. Crawler Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.5. Drive
- 4.3.5.1. Drive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.5.2. ICE
- 4.3.5.2.1. ICE Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.5.3. Electric
- 4.3.5.3.1. Electric Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Excavator
- 4.4.1. Excavator Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Vehicle Weight
- 4.4.2.1. Vehicle Weight Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2.2. <10
- 4.4.2.2.1. <10 Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2.3. 11 to 45
- 4.4.2.3.1. 11 to 45 Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2.4. 46>
- 4.4.2.4.1. 11 to 45 Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3. Engine Capacity
- 4.4.3.1. Engine Capacity Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3.2. Up to 250 HP
- 4.4.3.2.1. Up to 250 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3.3. 250-500 HP
- 4.4.3.3.1. 250-500 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3.4. More than 500 HP
- 4.4.3.4.1. More than 500 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.4. Type
- 4.4.4.1. Type Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.4.2. Wheel
- 4.4.4.2.1. Wheel Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.4.3. Crawler
- 4.4.4.3.1. Crawler Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.5. Drive
- 4.4.5.1. Drive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.5.2. ICE
- 4.4.5.2.1. ICE Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.5.3. Electric
- 4.4.5.4. Electric Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Loader
- 4.5.1. Loader Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.2. Type
- 4.5.2.1. Type Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.2.2. Backhoe Loaders
- 4.5.2.2.1. Backhoe Loaders Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.2.3. Skid Steer Loaders
- 4.5.2.3.1. Skid Steer Loaders Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.2.4. Crawler/Track Loaders
- 4.5.2.4.1. Crawler/Track Loaders Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.2.5. Wheeled Loaders
- 4.5.2.5.1. Wheeled Loaders Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.3. Drive
- 4.5.3.1. Drive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.3.2. ICE
- 4.5.3.2.1. ICE Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.3.3. Electric
- 4.5.3.4. Electric Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Motor Grader
- 4.6.1. Motor Grader Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.2. Vehicle Weight
- 4.6.2.1. Vehicle Weight Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.2.2. <10
- 4.6.2.2.1. <10 Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.2.3. 11 to 45
- 4.6.2.3.1. 11 to 45 Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.2.4. 46>
- 4.6.2.4.1. 11 to 45 Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.3. Engine Capacity
- 4.6.3.1. Engine Capacity Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.3.2. Up to 250 HP
- 4.6.3.2.1. Up to 250 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.3.3. 250-500 HP
- 4.6.3.3.1. 250-500 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.3.4. More than 500 HP
- 4.6.3.4.1. More than 500 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.4. Drive
- 4.6.4.1. Drive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.4.2. ICE
- 4.6.4.2.1. ICE Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.4.3. Electric
- 4.6.4.4. Electric Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Dump Truck
- 4.7.1. Dump Truck Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7.2. Engine Capacity
- 4.7.2.1. Engine Capacity Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7.2.2. Up to 250 HP
- 4.7.2.2.1. Up to 250 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7.2.3. 250-500 HP
- 4.7.2.3.1. 250-500 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7.2.4. More than 500 HP
- 4.7.2.4.1. More than 500 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7.3. Vehicle
- 4.7.3.1. Vehicle Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7.3.2. Rigid Frame
- 4.7.3.2.1. Rigid Frame Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7.3.3. Articulated Frame
- 4.7.3.4. Articulated Frame Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7.4. Drive
- 4.7.4.1. Drive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7.4.2. ICE
- 4.7.4.2.1. ICE Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7.4.3. Electric
- 4.7.4.4. Electric Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Earthmoving Equipment Market: Engine Capacity Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Earthmoving Equipment Market: Engine Capacity Movement Analysis, USD Million, 2024 & 2030
- 5.3. Up to 250 HP
- 5.3.1. Up to 250 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. 250-500 HP
- 5.4.1. 250-500 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. More than 500 HP
- 5.5.1. More than 500 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Earthmoving Equipment Market: Type Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Earthmoving Equipment Market: Type Movement Analysis, USD Million, 2024 & 2030
- 6.3. ICE
- 6.3.1. ICE Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Electric
- 6.4.1. Electric Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Earthmoving Equipment Market Region Estimates & Trend Analysis
- 7.1. Earthmoving equipment Market Share, By Region, 2024 & 2030, USD Million
- 7.2. North America
- 7.2.1. North America Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. U.K.
- 7.3.2.1. U.K. Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. India
- 7.4.3.1. India Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Japan Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Australia Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. South Korea
- 7.4.6.1. South Korea Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. MEA
- 7.6.1. MEA Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. UAE
- 7.6.2.1. UAE Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. KSA
- 7.6.3.1. KSA Earthmoving Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Earthmoving equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. AB Volvo
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Application Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. BEML LIMITED
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Application Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. Bobcat Company
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Application Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Caterpillar
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Application Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. CNH Industrial N.V.
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Application Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Deere & Company
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Application Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Doosan Corporation
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Application Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Hitachi Construction Machinery Co., Ltd.
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Application Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Hyundai Construction Equipment Co., Ltd.
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Application Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. J C Bamford Excavators Ltd.
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Application Benchmarking
- 8.4.10.4. Strategic Initiatives
- 8.4.11. Kobelco Construction Machinery Co. Ltd
- 8.4.11.1. Participant's Overview
- 8.4.11.2. Financial Performance
- 8.4.11.3. Application Benchmarking
- 8.4.11.4. Strategic Initiatives
- 8.4.12. Komatsu Ltd.
- 8.4.12.1. Participant's Overview
- 8.4.12.2. Financial Performance
- 8.4.12.3. Application Benchmarking
- 8.4.12.4. Strategic Initiatives
- 8.4.13. LIEBHERR
- 8.4.13.1. Participant's Overview
- 8.4.13.2. Financial Performance
- 8.4.13.3. Application Benchmarking
- 8.4.13.4. Strategic Initiatives
- 8.4.14. SANY Group
- 8.4.14.1. Participant's Overview
- 8.4.14.2. Financial Performance
- 8.4.14.3. Application Benchmarking
- 8.4.14.4. Strategic Initiatives
- 8.4.15. Sumitomo Heavy Industries, Ltd.
- 8.4.15.1. Participant's Overview
- 8.4.15.2. Financial Performance
- 8.4.15.3. Application Benchmarking
- 8.4.15.4. Strategic Initiatives
- 8.4.16. Terex Corporation
- 8.4.16.1. Participant's Overview
- 8.4.16.2. Financial Performance
- 8.4.16.3. Application Benchmarking
- 8.4.16.4. Strategic Initiatives
- 8.4.17. XCMG Group
- 8.4.17.1. Participant's Overview
- 8.4.17.2. Financial Performance
- 8.4.17.3. Application Benchmarking
- 8.4.17.4. Strategic Initiatives
- 8.4.18. Zoomlion Heavy Industry Science & Technology Co., Ltd.
- 8.4.18.1. Participant's Overview
- 8.4.18.2. Financial Performance
- 8.4.18.3. Application Benchmarking
- 8.4.18.4. Strategic Initiatives