Earth Moving Equipment Market Applications, Types and Market Analysis Earth Moving Equipment Market Shares, Strategies a | Page 2

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 Vendors of Earth Moving Equipment:
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.
Browse more about the Earth Moving Equipment Market Study:
https://www.coherentmarketinsights.com/market-insight/earth-moving-equipment-market-1869
Report includes chapters which deeply display the following deliverable about industry:
• Earth Moving Equipment Market Research Objective and Assumption
• Earth Moving Equipment Market Preview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Earth Moving Equipment Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value
Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Earth Moving Equipment Market, By Regions
• Earth Moving Equipment Market Competition by Manufacturers including Production, Share,
Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Earth Moving Equipment Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• Earth Moving Equipment Market Manufacturing Cost Analysis including Key Raw Materials and Key
Supplier