Earthmoving Equipment Market Size, Share, Trends, Industry Analysis Report: By Product, Propulsion, Application, and Region

Description

List of Tables

The global earthmoving equipment market size is expected to reach USD 121.69 billion by 2034, according to a new study by Polaris Market Research. The report "Earthmoving Equipment Market Size, Share, Trends, Industry Analysis Report: By Product (Dozer, Excavator, Loader, Motor Grader, Dump Truck, Backhoe, Compaction Equipment, and Others), Propulsion, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The earthmoving equipment encompasses a wide range of machinery designed to perform tasks such as excavation, grading, loading, and material handling. A few examples of the equipment are dozers, excavators, loaders, backhoes, scrapers, and motor graders. These machines are crucial for large-scale infrastructure projects, including roads, bridges, dams, and urban development, as well as mining operations that require efficient extraction and transportation of raw materials. The earthmoving equipment market growth is driven by increasing urbanization, industrialization, and government investments in infrastructure across both developed and developing economies. The market is also influenced by factors such as economic cycles, technological advancements, environmental regulations, and shifts in demand for raw materials.

The ongoing surge in infrastructure development worldwide is propelling the earthmoving equipment market demand. Governments and private entities are investing heavily in constructing and upgrading critical infrastructure such as highways, railways, airports, ports, and energy facilities to support economic activities and enhance living standards, all of which require earthmoving equipment. The rapid advancement of technology and the adoption of automation are further enhancing the productivity of earthmoving equipment, thereby boosting their adoption.

Earthmoving Equipment Market Report Highlights

In terms of product, the loader segment led the earthmoving equipment market share in 2024 due to its versatility, efficiency, and wide range of applications across construction, mining, and infrastructure development.
The dump truck segment is projected to grow at a robust pace in the coming years, owing to a surge in large-scale mining activities, road construction projects, and the expansion of logistics infrastructure worldwide.
Based on application, the construction segment dominated the market share in 2024 due to rapid urbanization, infrastructure development, and increasing residential and commercial projects worldwide.
Asia Pacific held the largest share of the earthmoving equipment market revenue in 2024 due to massive investments in infrastructure development, rapid urbanization, and expanding industrial activity.
The market in the Middle East & Africa is estimated to grow at a rapid pace during the forecast period. Countries such as Saudi Arabia and the UAE are continuously investing heavily in large-scale construction and mining projects, thereby propelling demand for earthmoving equipment.
A few of the global key market players are AB Volvo; Bobcat Company; Caterpillar; CNH Industrial N.V.; Deere & Company; Doosan Corporation; Hitachi Construction Machinery Co., Ltd.; Hyundai Construction Equipment Co., Ltd.; J C Bamford Excavators Ltd.; Kobelco Construction Machinery Co. Ltd; Komatsu Ltd.; LIEBHERR; SANY Group; Sumitomo Heavy Industries, Ltd.; Terex Corporation; and XCMG Group.

Polaris Market Research has segmented the earthmoving equipment market report on the basis of product, propulsion, application, and region:

By Product Outlook (Revenue, USD Billion, 2020-2034)

Dozer
Excavator
Loader
Motor Grader
Dump Truck
Backhoe
Compaction Equipment
Others

By Propulsion Outlook (Revenue, USD Billion, 2020-2034)

ICE
Electric
Hybrid

By Application Outlook (Revenue, USD Billion, 2020-2034)

Construction
Underground Mining
Surface Mining
Others

By Regional Outlook (Revenue, USD Billion, 2020-2034)

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

Product Code: PM5586

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Source
- 3.2.1. Primary Source
- 3.2.2. Secondary Source

4. Global Earthmoving Equipment Market Insights

4.1. Earthmoving Equipment Market - Market Snapshot
4.2. Earthmoving Equipment Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Increasing Product Development and Launches
  - 4.2.1.2. Growing Urbanization Globally
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High cost
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Earthmoving Equipment Market Trends
4.6. Value Chain Analysis

5. Global Earthmoving Equipment Market, by Product

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
5.3. Dozer
- 5.3.1. Global Earthmoving Equipment Market, by Dozer, by Region, 2020-2034 (USD Billion)
5.4. Excavator
- 5.4.1. Global Earthmoving Equipment Market, by Excavator, by Region, 2020-2034 (USD Billion)
5.5. Loader
- 5.5.1. Global Earthmoving Equipment Market, by Loader, by Region, 2020-2034 (USD Billion)
5.6. Motor Grader
- 5.6.1. Global Earthmoving Equipment Market, by Motor Grader, by Region, 2020-2034 (USD Billion)
5.7. Dump Truck
- 5.7.1. Global Earthmoving Equipment Market, by Dump Truck, by Region, 2020-2034 (USD Billion)
5.8. Backhoe
- 5.8.1. Global Earthmoving Equipment Market, by Backhoe, by Region, 2020-2034 (USD Billion)
5.9. Compaction Equipment
- 5.9.1. Global Earthmoving Equipment Market, by Compaction Equipment, by Region, 2020-2034 (USD Billion)
5.10. Others
- 5.10.1. Global Earthmoving Equipment Market, by Others, by Region, 2020-2034 (USD Billion)

6. Global Earthmoving Equipment Market, by Propulsion

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
6.3. ICE
- 6.3.1. Global Earthmoving Equipment Market, by ICE, by Region, 2020-2034 (USD Billion)
6.4. Electric
- 6.4.1. Global Earthmoving Equipment Market, by Electric, by Region, 2020-2034 (USD Billion)
6.5. Hybrid
- 6.5.1. Global Earthmoving Equipment Market, by Hybrid, by Region, 2020-2034 (USD Billion)

7. Global Earthmoving Equipment Market, by Application

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
7.3. Construction
- 7.3.1. Global Earthmoving Equipment Market, Construction, by Region, 2020-2034 (USD Billion)
7.4. Underground Mining
- 7.4.1. Global Earthmoving Equipment Market, by Underground Mining, by Region, 2020-2034 (USD Billion)
7.5. Surface Mining
- 7.5.1. Global Earthmoving Equipment Market, by Surface Mining, by Region, 2020-2034 (USD Billion)
7.6. Others
- 7.6.1. Global Earthmoving Equipment Market, by Others, by Region, 2020-2034 (USD Billion)

8. Global Earthmoving Equipment Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Earthmoving Equipment Market Assessment, By Geography, 2020-2034 (USD Billion)
8.3. Earthmoving Equipment Market - North America
- 8.3.1. North America: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
- 8.3.2. North America: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
- 8.3.3. North America: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.3.4. Earthmoving Equipment Market - U.S.
  - 8.3.4.1. U.S.: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.3.4.2. U.S.: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.3.4.3. U.S.: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.3.5. Earthmoving Equipment Market - Canada
  - 8.3.5.1. Canada: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.3.5.2. Canada: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.3.5.3. Canada: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
8.4. Earthmoving Equipment Market - Europe
- 8.4.1. Europe: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
- 8.4.2. Europe: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
- 8.4.3. Europe: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.4.4. Earthmoving Equipment Market - UK
  - 8.4.4.1. UK: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.4.4.2. UK: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.4.4.3. UK: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.4.5. Earthmoving Equipment Market - France
  - 8.4.5.1. France: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.4.5.2. France: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.4.5.3. France: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.4.6. Earthmoving Equipment Market - Germany
  - 8.4.6.1. Germany: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.4.6.2. Germany: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.4.6.3. Germany: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.4.7. Earthmoving Equipment Market - Italy
  - 8.4.7.1. Italy: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.4.7.2. Italy: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.4.7.3. Italy: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.4.8. Earthmoving Equipment Market - Spain
  - 8.4.8.1. Spain: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.4.8.2. Spain: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.4.8.3. Spain: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.4.9. Earthmoving Equipment Market - Netherlands
  - 8.4.9.1. Netherlands: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.4.9.2. Netherlands: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.4.9.3. Netherlands: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.4.10. Earthmoving Equipment Market - Russia
  - 8.4.10.1. Russia: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.4.10.2. Russia: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.4.10.3. Russia: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.4.11. Earthmoving Equipment Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.4.11.2. Rest of Europe: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.4.11.3. Rest of Europe: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
8.5. Earthmoving Equipment Market - Asia Pacific
- 8.5.1. Asia Pacific: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.5.4. Earthmoving Equipment Market - China
  - 8.5.4.1. China: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.5.4.2. China: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.5.4.3. China: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.5.5. Earthmoving Equipment Market - India
  - 8.5.5.1. India: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.5.5.2. India: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.5.5.3. India: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.5.6. Earthmoving Equipment Market - Malaysia
  - 8.5.6.1. Malaysia: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.5.6.2. Malaysia: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.5.6.3. Malaysia: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.5.7. Earthmoving Equipment Market - Japan
  - 8.5.7.1. Japan: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.5.7.2. Japan: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.5.7.3. Japan: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.5.8. Earthmoving Equipment Market - Indonesia
  - 8.5.8.1. Indonesia: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.5.8.2. Indonesia: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.5.8.3. Indonesia: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.5.9. Earthmoving Equipment Market - South Korea
  - 8.5.9.1. South Korea: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.5.9.2. South Korea: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.5.9.3. South Korea: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.5.10. Earthmoving Equipment Market - Australia
  - 8.5.10.1. Australia: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.5.10.2. Australia: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.5.10.3. Australia: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.5.11. Earthmoving Equipment Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.5.11.2. Rest of Asia Pacific: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.5.11.3. Rest of Asia Pacific: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
8.6. Earthmoving Equipment Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.6.4. Earthmoving Equipment Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.6.4.2. Saudi Arabia: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.6.4.3. Saudi Arabia: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.6.5. Earthmoving Equipment Market - UAE
  - 8.6.5.1. UAE: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.6.5.2. UAE: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.6.5.3. UAE: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.6.6. Earthmoving Equipment Market - Israel
  - 8.6.6.1. Israel: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.6.6.2. Israel: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.6.6.3. Israel: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.6.7. Earthmoving Equipment Market - South Africa
  - 8.6.7.1. South Africa: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.6.7.2. South Africa: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.6.7.3. South Africa: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.6.8. Earthmoving Equipment Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.6.8.2. Rest of Middle East & Africa: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.6.8.3. Rest of Middle East & Africa: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
8.7. Earthmoving Equipment Market - Latin America
- 8.7.1. Latin America: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.7.4. Earthmoving Equipment Market - Mexico
  - 8.7.4.1. Mexico: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.7.4.2. Mexico: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.7.4.3. Mexico: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.7.5. Earthmoving Equipment Market - Brazil
  - 8.7.5.1. Brazil: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.7.5.2. Brazil: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.7.5.3. Brazil: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.7.6. Earthmoving Equipment Market - Argentina
  - 8.7.6.1. Argentina: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.7.6.2. Argentina: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.7.6.3. Argentina: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)
- 8.7.7. Earthmoving Equipment Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Earthmoving Equipment Market, by Product, 2020-2034 (USD Billion)
  - 8.7.7.2. Rest of Latin America: Earthmoving Equipment Market, by Propulsion, 2020-2034 (USD Billion)
  - 8.7.7.3. Rest of Latin America: Earthmoving Equipment Market, by Application, 2020-2034 (USD Billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. AB Volvo
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Bobcat Company
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Caterpillar
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. CNH Industrial N.V.
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Deere & Company
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. Doosan Corporation
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Hitachi Construction Machinery Co., Ltd.
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Hyundai Construction Equipment Co., Ltd.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. J C Bamford Excavators Ltd.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Kobelco Construction Machinery Co. Ltd
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. Komatsu Ltd.
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
10.12. LIEBHERR
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
10.13. SANY Group
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
10.14. Sumitomo Heavy Industries, Ltd.
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
10.15. XCMG Group
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development