Earthmoving Equipment Industry Moving Mountains Grading The Future

 

Global earthmoving equipment industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

 

Excavator Market Insights

 

The global excavators market size was valued at USD 40,006.1 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. The primary driver of the market’s expansion is the sharp rise in the demand for excavators among construction machinery contractors for site preparation tasks including grading and excavation. The increased construction of roads and highways, urban infrastructure, and the mining industry will likely lead to an increase in demand for wheeled excavators throughout the course of the projected period, thus supporting the excavator industry’s growth.

 

The expansion in investment in the mining and construction industries across numerous nations is what is driving the need for excavators. Increasing demand for “megacities” and “smart cities” in developing countries, as well as the construction industry’s rapid growth, are some of the drivers driving the wheeled excavator industry. Moreover, the market for wheeled excavators is predicted to rise as a result of technological breakthroughs like the air-to-water intercooler engine, which produces a higher output. Furthermore, the excavator industry is growing due to features like special riding control, dedicated swing pumps, load-sensing hydraulics, work-toll adaptability, and hydraulically powered cooling fans.

 

Wheeled excavators are typically utilized in urban settings, and initiatives like smart cities and megacities are increasing demand for them. One of the main factors promoting the segment’s growth is government spending on new infrastructure development and upgrading of existing infrastructure. Excavators are used in construction for grading, landscaping, building demolition, digging trenches, holes, and foundations, as well as for material handling and lifting. Their capacity varies depending on size and attachments, doing big operations or lesser ones.

 

Access the Global Earthmoving Equipment Industry Data Book from 2023 to 2030, compiled with details by Grand View Research

 

Loader Market Insights

The global loader market size was valued at USD 32,963.1 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.1% from 2023 to 2030. The substantial growth owing to increased government spending on projects to develop public infrastructure would increase the demand for earthmoving equipment, including loaders. Moreover, increasing demand for construction equipment rental, especially in developed regions, such as North America and Europe, would further increase the demand.

 

The loader is one of the essential equipment predominantly used at any construction site. These equipment are used for conducting a number of construction activities, including demolition, renovation, building loads, and material handling. Development of technology and integration of advanced features, including advanced telematics, GPS, cellular network technology, and Bluetooth connectivity, have contributed to market growth. The operators are gradually getting accustomed to new and advanced machinery as it enables ease on the worksites and can complete major tasks within lesser time.

 

Demand for all-electric and hybrid variants of loaders are significantly increasing in regions, such as Europe. The companies are providing hybrid options of wheeled loaders, but at a higher price as the development cost is higher as compared to the conventional model. For instance, Volvo Construction Equipment is developing the L25 variant of the loader and would start production in mid-2020. The new electric loader would deliver reduced energy costs, zero exhaust emissions, improved efficiency, fewer maintenance requirements, and significantly lower noise levels compared to their conventional counterparts.

 

Motor Grader Market insights

The global motor grader market size was valued at USD 835.4 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.0% from 2023 to 2030. The growing demand for motor graders among construction contractors for preparing sites through operations, including carrying debris and grading, is the main factor driving the growth of the motor grader industry. Throughout the anticipated period, there will probably be a growth in motor grader demand due to the development of roads and highways, urban infrastructure, and the mining industry, supporting the expansion of the motor grader industry.

 

The increasing investment in construction and mining sectors across multiple nations drives the demand for motor graders. The growing need for megacities and smart cities in developing nations and the brisk expansion of the construction sector are factors propelling the motor grader industry. A higher output engine known as the air-through water cooler is a technological advancement expected to boost the market for motor graders. In addition, attributes like a unique riding control, a specialized swing pump, load sensor hydraulics, and a hydraulics-based powered cooling fan are contributing to the market expansion.

 

Motor graders are frequently used in urban and mining environments. Government investment in fresh infrastructure development projects and refurbishing old infrastructure is one of the primary drivers encouraging the segment’s growth. In construction, motor graders are used for grading, leveling grounds, and varying debris, as well as for lifting and material handling. Their ability to do large or small operations depends on their size and attachments, which are expected to support the growth of the motor grader industry.

 

Order your copy of the Free Sample of “Earthmoving Equipment Industry Data Book – Excavator, Loader, Motor Grader, Dumper And Dozer Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

 

Dumper Market Insights

 

The global dumper market size was valued at USD 7,111.9 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. An increase in infrastructure, residential, and commercial construction has led to a surge in demand for the construction dumper market. The rise in population and increase in demand for highways, tunnels roads and bridges coupled with high infrastructural development taking place across the major economies specifically that includes emerging economies in the Asia Pacific such as Malaysia, India, and Indonesia and Middle East countries are expected to drive the growth of the market. Moreover, the government’s initiatives to provide housing for the population in the middle and lower income classes, the need to improve transportation infrastructure in order to expand the nation’s trade routes, and other factors are expected to drive the construction dumper market’s growth over the forecast period.

 

The emergence of smart cities as a result of the world’s rapid urbanization has increased the demand for construction dumpers and necessitated significant expenditures in the building industry. Governments in developed and developing nations are working harder to control their carbon footprint as a result of growing worries about global warming and ozone depletion. Governments are enforcing stronger restrictions to limit emissions. In smart cities, the use of intelligent infrastructure automation, smart grids, and control systems considerably lowers energy use and carbon emissions while minimizing losses and improving operations. The need for construction dumpers is rising as a result of all these cutting-edge amenities offered by smart cities, which are fostering the expansion of the dumper market.

 

Dozer Market Insights

 

The global motor grader market size was valued at USD 4,975.6 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. The government’s investments in metros, real estate, highway, and rail projects are a key element fueling the expansion of the dozer market. Furthermore, the rate of real estate development is rising as a result of numerous government housing projects in developed nations. The growth of the dozer market over the forecast period will be aided by factors such as low unemployment, rising disposable income, low building costs, corporate relocations, e-commerce expansion, and an increase in the number of warehouses, distribution centers, and other commercial properties.

 

Moreover, the improvements in dozer technology order to reduce noise, improve people’s lifestyles, and protect the environment through legislation governing exhaust gas emissions, among other initiatives. These contemporary technologies make it easier to successfully regulate machines while keeping loads on them, improving the outcome and the calibre of the work further propelling the market growth. However, dozers’ high initial cost and noisy operation make them unsuitable for usage close to residential areas, which remains a serious concern. The demand for dozers may be impacted by the building industries’ shift to less obtrusive alternatives.

Go through the table of content of Earthmoving Equipment Industry Data Book to get a better understanding of the Coverage & Scope of the study.

 

Earthmoving Equipment Industry Data Book Competitive Landscape

 

The key strategies include strategic partnerships, collaborations, and agreements; new product development; mergers & acquisitions; and research & development initiatives. For instance, Catepillar acquires Kemper Valves and Fitting Corp. in order to expand it’s service offerings. Furthermore, the company also aims to improve cost structure, quality, reliability, delivery performance, and customer loyalty.

Key players operating in the earthmoving equipment industry are –

• Komatsu
• Hitachi Construction Machinery
• Caterpillar
• John Deere
• Volvo
• CNH