PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1086143
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1086143
Earth moving equipment or also referred to as heavy equipment is heavy-duty vehicles designed for execution of construction tasks that mainly revolve around earthwork operations or other large construction tasks. Different types of heavy-duty vehicles are used in earthwork operations including crawlers, wheeled excavators, backhoe loaders, wheeled tractors, bulldozers, skid steer loaders, motor graders, etc. Furthermore, mini excavators are used to digging the surface or for demolition purposes. These excavators are smaller than other types therefore, used for small to medium-sized projects. Backhoe loaders or mechanical excavator whose bucket is attached by a hinge to a two-part arm and is drawn back to the machine when in operation.
Growing infrastructure projects such as railway, dams, highways, bridges, and roads are major factors boosting the demand for earth moving equipment. For instance, there are numerous ongoing infrastructure projects including Panama canal expansion, Gujarat International Finance Tech City (India), Hudson Yards Redevelopment Project (U.S.), Riyadh Metro (Saudi Arabia), Khazar Islands (Azerbaijan), Al Maktoum Airport (UAE), Jubail II (Saudi Arabia), Dubailand (UAE), South to North Water Transfer Project (China), and London Crossrail Project (UK). Thus, these factors are expected to drive growth of the global earth moving equipment market during the forecast period. In emerging economies such as Argentina, India, Brazil, and China, urbanization has increased significantly in the recent past. With the support of government in providing loans, an increase in FDI, and subsidies, the construction of commercial spaces is increasing day by day. Furthermore, increasing in population combined with demand for residential areas are other factors expected to propel the global earth moving equipment market growth in the near future.
This report segments the Global Earth Moving Equipment Market on the basis of Product Type, SAN Type, Technology, End User, Vertical and Region. On the basis of Product Type, Global Earth Moving Equipment Market is segmented into Crawler/Wheeled Excavators, Mini Excavators, Backhoe Loaders, Crawler/Wheeled/Compact Loaders, Skid Steer Loaders, Bull Dozers/Crawler Tractors, Wheeled Tractors and Motor Graders On the basis of region, Global Earth Moving Equipment Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.
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