Earth Moving Equipment Market Report, By Product Type (Excavators, Loaders, Dozers, and Others), By Application (Construction and Mining), and by Geography - Global Forecast to 2026

  • Published On : Jun 2018 |
  • Pages : 150 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Earth Moving Equipment Market - Insights

Earth moving equipment is a heavy equipment designed for construction operations. Global earth moving equipment market is projected to exhibit CAGR of 7.7% in the forecast period (2018 – 2026). Increasing growth of the construction industry is one of the major driving factors, leading to high demand for earth moving equipment, globally. According to Chartered Institute of Building, by 2030, the construction industry is expected to account for 14.7% of the global GDP. Moreover, by 2030, the global construction market is projected to be valued at US$ 17.5 trillion up from US$ 8 trillion in 2015. Furthermore, increasing urban population is also a major factor, which has led to high demand for better infrastructure, thus aiding in growth of the construction industry. This, in turn is expected to positively affect growth of the earth moving equipment market. According to Population Reference Bureau, in 2017 the world population was 7,536 million, of which 54% of the population lived in urban areas, which is around 4,069 million. Moreover, according to the same source, in 2017, 78% of the developed countries population lives in urban area and 49% population of emerging countries lives in the urban area. In addition, the high cost of equipment is a major factor which hinders the market growth.

Loaders segment held the dominant position in earth moving equipment market in 2017

On the basis of product type, loaders segment held the dominant position in the market in 2017 and is expected to retain its dominance throughout the forecast period, owing to high productivity and low cost of maintenance. A loader is a heavy machine used in construction to move or load material in other machinery such as railroad cars, dump trucks etc. these machines are majorly used for backfilling ditches, digging basements or gun emplacements, lifting, and moving construction. Asia Pacific held the dominant position in earth moving equipment market in 2017.

Figure. Global Earth Moving Equipment Market Value (US$ Bn)

SOURCE: COHERENT MARKET INSIGHTS ANALYSIS, 2018

Asia Pacific held the dominant position in earth moving equipment market in 2017

On the basis of geography, the earth moving equipment market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific earth moving equipment market held the dominant position in the global earth moving equipment market in 2017 and is projected to retain its dominance throughout the forecast period. This is owing to increasing government investment for the development of infrastructure by various countries in Asia Pacific. India, China, and Japan are the major growth engines in this region. High investments for infrastructure development by the Indian government have accelerated growth of earth moving equipment market in India. For instance, according to the India Brand Equity Foundation (IBEF), in the Union Budget 2018 – 2019, the government allocated US$ 92.22 billion for infrastructure. Moreover, increasing urban population in India has also increased demand for housing projects and this is expected to drive growth of the market over the forecast period. For instance, according to Population Reference Bureau, the total population of India was 1,352.6 million in 2017. Of this population, 33% lives in urban areas that is approximate 446 million. This is expected to aid in growth of the market in the region to a certain extent. Furthermore, rising number of construction projects in China is leading to increasing demand for earth moving equipment. For instance, after the announcement of ‘One Belt, One Road’ project by China government in 2013, the construction industry in the country is expected to witness a significant growth. The main aim of the project was to link three regions i.e. Asia, Africa, and Europe. In addition to this, increasing growth of the mining industry has also accelerated demand for earth moving equipment in this region. For instance: according to World Mining Congress, the mining production in Asia Pacific was 9.8 billion metric tons in 2016 and is expected to reach 11 billion metric tons by 2021. China and India are the major countries in mining producers in Asia Pacific. According to World Mining Congress, China held the first position in mining production and India held fifth position in mining production at global level in 2016.

Key Players- Global Earth Moving Equipment Market

Major players operating in the global earth moving equipment market include Caterpillar Inc., CNH Industrial N.V., Doosan Infracore Ltd., Hitachi Construction Machinery Co. Ltd., JCB Ltd., Komatsu Ltd., Liebherr AG, Sany Heavy Equipment International Holdings Co. Ltd, Terex Corporation, and Volvo Construction Equipment.

Earth moving equipment is a heavy equipment designed for construction operations. The increasing construction industry become one of the major driving factor for the growth of the earth moving equipment market, globally. According to Chartered Institute of Building, in 2015 the construction industry generated the revenue of US$ 8 trillion and is expected to reach US$ 17.5 trillion by 2030. In addition to this, the increasing production of mining industry have also accelerated the demand for earth moving equipment, globally. For instance, according to World Mining Congress and Coherent Market Insights, the global mining production was 16.9 billion metric tons in 2016 and is expected to reach 19.3 billion metric ton by 2021.

Market Dynamics

Increasing mining industry in North America is one of the major driving factors for growth of the earth moving equipment market in this region. The U.S. held the second-largest position in the global mining production. According to World Mining Congress, the U.S. held a share of 11.5% of the global mining production in 2016. In addition to this, According to World Mining Congress, in 2016, the North America region produced 2.4 billion metric tons mineral raw material up from 2.3 billion metric ton in 2010. Hence, this increasing production of mining have raised demand for earth moving equipment in this region. Furthermore, increasing construction industry in North America region has also accelerated demand for earth moving equipment market in this region. For instance, according to Coherent Market Insights’ analysis, in 2016 the spending for new residential construction was US$ 464 billion and is expected to reach US$ 571 billion by 2021. Hence, this increasing construction spending in the U.S. is expected to aid in growth of the market over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of earth moving equipment market, market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year.
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
  • It profiles leading players in the global earth moving equipment market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, earth moving equipment market capital, key developments, strategies, and future plans.
  • Companies covered as part of this study include Caterpillar Inc., CNH Industrial N.V., Doosan Infracore Ltd., Hitachi Construction Machinery Co. Ltd., JCB Ltd., Komatsu Ltd., Liebherr AG, Sany Heavy Equipment International Holdings Co. Ltd, Terex Corporation, and Volvo Construction Equipment.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics.
  • The global earth moving equipment market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global earth moving equipment market.

Detailed Segmentation:

  • Global Earth moving equipment Market, By Product Type:
    • Excavators
    • Loaders
    • Dozers
    • Others
  • Global Earth moving equipment Market, By Application:
    • Construction
    • Mining
  • Global Earth moving equipment Market, By Geography:
    • North America
      • By Product Type
        • Excavators
        • Loaders
        • Dozers
        • Others
      • By Application
        • Construction
        • Mining
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type
        • Excavators
        • Loaders
        • Dozers
        • Others
      • By Application
        • Construction
        • Mining
      • By Country:
        • Germany
        • UK
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Excavators
        • Loaders
        • Dozers
        • Others
      • By Application
        • Construction
        • Mining
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Product Type
        • Excavators
        • Loaders
        • Dozers
        • Others
      • By Application
        • Construction
        • Mining
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • By Product Type
        • Excavators
        • Loaders
        • Dozers
        • Others
      • By Application
        • Construction
        • Mining
      • By Country:
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Excavators
        • Loaders
        • Dozers
        • Others
      • By Application
        • Construction
        • Mining
      • By Country:
        • Northern Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Caterpillar Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
    • CNH Industrial N.V.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
    • Doosan Infracore Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
    • Hitachi Construction Machinery Co. Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
    • JCB Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
    • Komatsu Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
    • Liebherr AG
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
    • Sany Heavy Equipment International Holdings Co. Ltd
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
    • Terex Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
    • Volvo Construction Equipment
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Technology
      • Market Snippet, By Disease Indication
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trends
    • Value Chain Analysis
    • Merger and Acquisitions
    • New Product Approvals/Launch
    • Porter’s Analysis
    • PEST Analysis
  4. Global Earth Moving Equipment Market, By Product Type, 2015 – 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2025 (%)
      • Segment Trends
    • Excavators
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
    • Loaders
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
    • Dozers
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
  5. Global Earth Moving Equipment Market, By Application, 2015 – 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2025 (%)
      • Segment Trends
    • Construction
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
    • Mining
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
  6. Global Earth Moving Equipment Market, By Geography, 2015 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2025 (%)
      • Regional Trends
    • North America
      • Introduction
        • Market Size and Forecast, By Product Type, 2017 - 2025 (US$ Million)
        • Market Size and Forecast, By Application, 2017 - 2025 (US$ Million)
        • Market Share Analysis, By Country, 2017 and 2025 (%)
          • U.S.
          • Canada
    • Europe
      • Introduction
        • Market Size and Forecast, By Product Type, 2017 - 2025 (US$ Million)
        • Market Size and Forecast, By Application, 2017 - 2025 (US$ Million)
        • Market Share Analysis, By Country, 2017 and 2025 (%)
          • U.K.
          • Germany
          • Italy
          • France
          • Spain
          • Russia
          • Rest of Europe
    • Asia Pacific
      • Introduction 
        • Market Size and Forecast, By Technology, 2016 – 2026 (US$ Mn)
        • Market Size and Forecast, By Disease Indication, 2016 – 2026 (US$ Mn)
        • Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
        • Market Size and Forecast, By Country, 2016 – 2026 (US$ Mn)
          • China
          • India
          • Japan
          • ASEAN
          • Australia
          • South Korea
          • Rest of Asia Pacific
    • Latin America
      • Introduction
        • Market Size and Forecast, By Technology, 2016 – 2026 (US$ Mn)
        • Market Size and Forecast, By Disease Indication, 2016 – 2026 (US$ Mn)
        • Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
        • Market Size and Forecast, By Country, 2016 – 2026 (US$ Mn)
          • Brazil
          • Mexico
          • Argentina
          • Rest of Latin America
    • Middle East
      • Introduction
        • Market Size and Forecast, By Technology, 2016 – 2026 (US$ Mn)
        • Market Size and Forecast, By Disease Indication, 2016 – 2026 (US$ Mn)
        • Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
        • Market Size and Forecast, By Country, 2016 – 2026 (US$ Mn)
          • GCC
          • Israel
          • Rest of Middle East
    • Africa
      • Introduction
        • Market Size and Forecast, By Technology, 2016 – 2026 (US$ Mn)
        • Market Size and Forecast, By Disease Indication, 2016 – 2026 (US$ Mn)
        • Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
        • Market Size and Forecast, By Country, 2016 – 2026 (US$ Mn)
          • Central Africa
          • South Africa
          • North Africa
  7. Competitive Landscape
    • Caterpillar Inc.
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • CNH Industrial N.V.
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Doosan Infracore Ltd.
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Hitachi Construction Machinery Co. Ltd.
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • JCB Ltd.
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Komatsu Ltd.
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Liebherr AG
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Sany Heavy Equipment International Holdings Co. Ltd
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Terex Corporation
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Volvo Construction Equipment
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.