Earth Moving Equipment Market growth trends analysis 2020
                     Earth Moving Equipment Market growth trends analysis 2020-2025 
Market Overview 
Earth moving equipment or also referred to as heavy equipment is heavy-duty vehicles designed for 
execution of construction tasks that mainly revolve around earthwork operations or other large 
construction tasks. Different types of heavy-duty vehicles are used in earthwork operations including 
crawlers, wheeled excavators, backhoe loaders, wheeled tractors, bulldozers, skid steer loaders, motor 
graders, etc. Furthermore, mini excavators are used to digging the surface or for demolition purposes. 
These excavators are smaller than other types therefore, used for small to medium-sized projects. 
Backhoe loaders or mechanical excavator whose bucket is attached by a hinge to a two-part arm and is 
drawn back to the machine when in operation. 
The global Earth Moving Equipment Market was accounted for US$ 137444.1 Mn in terms of value and 
970,199 Units in terms of volume in 2019 and is expected to grow at CAGR of 7.1% for the period 2020-
2027. 
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Market Dynamics 
Growing infrastructure projects such as railway, dams, highways, bridges, and roads are major factors 
boosting the demand for earth moving equipment. For instance, there are numerous ongoing 
infrastructure projects including Panama canal expansion, Gujarat International Finance Tech City 
(India), Hudson Yards Redevelopment Project (U.S.), Riyadh Metro (Saudi Arabia), Khazar Islands 
(Azerbaijan), Al Maktoum Airport (UAE), Jubail II (Saudi Arabia), Dubailand (UAE), South to North Water 
Transfer Project (China), and London Crossrail Project (UK). Thus, these factors are expected to drive 
growth of the global earth moving equipment market during the forecast period. In emerging economies 
such as Argentina, India, Brazil, and China, urbanization has increased significantly in the recent past. 
With the support of government in providing loans, an increase in FDI, and subsidies, the construction of 
commercial spaces is increasing day by day. Furthermore, increasing in population combined with 
demand for residential areas are other factors expected to propel the global earth moving equipment 
market growth in the near future. 
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Key companies covered in the Global Earth Moving Equipment Market includes Caterpillar Inc., Komatsu 
Ltd., Hitachi Construction Machinery Co. Ltd., Terex Corporation, Volvo Construction Equipment, Liebherr 
Group, Deere & Company Xuzhou Construction Machinery Group Co. Ltd., Larsen & Toubro, Sany Heavy 
Industry Co Ltd., and Doosan Corporation. 
 
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