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Published Thu, Nov 1st 2018

Earthmoving Equipment Market–Growth, Future Prospects and Competitive Analysis, 2018-2026

Rising demand for technologically advanced products that helps in real-time monitoring has led to introduction of advance earthmoving equipment. Manufacturers are integrating advanced monitoring solutions with earthmoving equipment in order to increase productivity, reduce fuel consumption; avoid unauthorized access and to get alerts in case of illegitimate activities and mishaps. Self-propelled earthmoving equipment are also gaining popularity over traditional equipment used in road construction and earthmoving applications. Multifunctional earthmoving equipment offer higher efficiency and productivity compared to traditional equipment. In addition, use of multifunctional equipment helps to reduce number of laborers and operation time. Thus, technological advancement for real-time monitoring of equipment and introduction of multifunctional machineries are also expected to be another major driving factor for earthmoving equipment. Significant demand is also observed for autonomous and remote controlled machines due to introduction of stringent safety regulations in mining and construction sector in developed markets.

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Credence Research has recently published a market research study that includes elaborative analysis which was result of an extensive research methodology for Earthmoving Equipment market with estimations from 2018 to 2026. The highlights of this report are drivers, restraints and opportunities of Earthmoving Equipment market, offered across the recent and estimated timeline till 2026.Major report takeaways are competitive landscape assessment, attractive investment proposition, and brief profiles of companies operating in Earthmoving Equipment market which will give 3600 view for the market dynamics. Companies are profiled on the basis of vital data points such as business overview, financial synopsis, product/service portfolio, and news coverage accompanied with recent updates specific to Earthmoving Equipment market. The cross-sectional geographical analysis covers regions such as North America (U.S & Canada), Europe (U.K., Germany & Rest of Europe), Asia Pacific (China, Japan, & Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East & Africa (GCC & Rest of Middle East & Africa).

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Market Insights:
The global market for earth moving equipment was valued at US$ 81.5 Bn in 2017 and expected to cross US$ 148.0 Bn by 2026 at a CAGR of 7.0% from 2018 to 2026. The market for earth moving equipment is expected to witness considerable growth with improving economic conditions and resurgence in construction industry. Countries across the world are releasing funds for urban as well as rural infrastructure development and increasingly investing in highway networks, roads, and ports development projects in order to support their economic growth. Moreover, increasing population and urbanization is supporting the new government-driven construction projects in the major countries across the globe. In addition, construction of IT parks and commercial buildings is also expected to increase throughout the forecast period with improving economic outlook. All these factors are expected to spur the demand for earthmoving equipment globally.
Key research study highlights comprise:
  1. Exhaustive research and analysis of the global Earthmoving Equipment industry
  2. The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
  3. Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Earthmoving Equipment market is also covered in the report
  4. Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering& business strength
  5. Cross sectional analysis of each region covering individual segments for the forecast period 2016 - 2018 in terms of value (US$ Mn)
Research methodology applied for this study:
Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global Earthmoving Equipment market specific to key segments, and regional segmentation.

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  1. Secondary Research
Secondary research was initiated with data collected through sources such as press releases, company annual reports, and relevant documents focusing on the current developments in the global Earthmoving Equipment market. Authentic sources such as university research papers, scientific journals, and government websites were similarly screened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in Earthmoving Equipment market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of Earthmoving Equipment market study.
  1. Primary Research
The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help ofe-mail interactions, telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.
The participants tracked for primary interviews include:
  • Marketing/product managers
  • Vice President/ CEOs
  • National sales managers
  • Market intelligence managers
  • Distributors
  • Purchasing managers
  • Other stakeholders
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Contact information

Chris Smith
Credence Research inc
105 N 1st ST #429

080036 18290

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

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