Earthmoving Equipment market report for 2017-2024 PDF- Earthmoving Equipment Market

Europe Earthmoving Equipment Market to cross a
revenue of USD 43 billion by 2023 : Global Market
Insights Inc.
The research report, ”Earthmoving equipment market” size is projected to reach USD 192.45
billion by 2023; as per the latest research report by Global Market Insights, Inc. growing
adoption in the commercial sector, favorable Government initiatives and growing transport
infrastructure development worldwide will drive the global market size.
Global Market Insights has announced the addition of a new market study based on the
Earthmoving equipment market. The report analyzes the restrainers, drivers and challenges of
the market, future growth potentials and its impact on the demand shaping the market during
the predicted period from 2015 to 2023.
Excavators will continue to be the most attractive equipment with more than 9% CAGR from
2016 to 2023. Real-time monitoring features for identyfying and supervising system failure
are expected to drive demand.
The multifunction equipment is preferred over single-function equipment for saving the cost.
This also reduces the time and labor required to accomplish the task with improved efficiency
and extended productivity as added advantages. Rising investments in R&D to discover
solutions to enhance product offerings will propel the market.
Earthmoving machinery is mainly applied in the construction industry. The construction
industry is predicted to maintain its dominance, with more than 60 % of the Earthmoving
machinery market share. Excavator are used in surface level and below ground operations.
Rising demand in factories and manufacturing facilities will drive the excavator segment
growth. Obtaining construction equipment on rent or lease is a rising trend. The construction
equipment rental market is predicted to exceed USD 85 billion by 2023.
Key regions covered:
The report estimates the market of growth promoters in key markets of Europe, and
Asia pacific region. Asia pacific region is expected to continue its dominance for meat
consumption in the market.
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