Earth Moving Equipment Market Applications, Types and Market Analysis Earth Moving Equipment Market Shares, Strategies a

Earth Moving Equipment Market - Size, Share,
Emerging Trends, Outlook, and Opportunity Analysis,
2018 – 2026
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
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.
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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.
The ‘Earth Moving Equipment Market Research Report 2018-2026’ is an efficient and detailed study
on the present situation by focusing on the global market. Study report offers
key statistical information on the market situation of the manufacturers and is a beneficial source of
advice and guidance for companies and persons involved in the industry. At the start, the study report
offers a basic outlook of the industry containing its introduction, applications, and manufacturing
technology. Also, the report scrutinizes the international key market players in-depth.