Earthmoving Equipment Market
Earthmoving Equipment Market Size And Forecast
Earthmoving Equipment Market was valued at USD 130.51 Billion in 2018 and is projected to reach USD 236.16 Billion by 2026, growing at a CAGR of 7.71 % from 2019 to 2026.
Global Earthmoving Equipment Market Outlook
Growing construction activities led by industrialization and urbanization are driving the growth of the market. Today 55% of the worlds population lives in urban areas, projection says 68% of the world population projected to live in urban areas by 2050. The demand for modern infrastructure is growing exponentially. This brings a burden of shelter. Despite all this, cost pressures, labour shortages, and trends toward fixed-bid projects are likely to influence the growth of the market. Growing road construction and metro projects across is another factor fuelling the growth. The governments and the private sector across the globe are investing in better infrastructure facilities. Construction of roads, healthcare centres residential buildings, and educational institutes are expected to increase the demand for earthmoving equipment. These projects are expected to have a positive impact on the demand for earthmoving equipment.
Global Earthmoving Equipment Market Competitive Landscape
The Global Earthmoving Equipment Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Atlas Copco, Bobcat Company, Bharat Earth Movers Limited, Komatsu, Caterpillar, Hitachi, Ingersoll Rand, CASE, New Holland and Track Marshall.
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