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The global earthmoving market size is expected to grow from $84.89 billion in 2021 to $94.48 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The global earthmoving market size is expected to grow to $115.91 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%.

The rising urban population generating higher demand for better infrastructure is expected to propel the earthmoving market over the coming years.

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The earthmoving market consists of sales of earthmoving machinery by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing earthmoving machinery. Only goods and services traded between entities or sold to end consumers are included.

Global Earthmoving market segments include:

By Equipment: Excavators, Loaders, Dump trucks, Other Equipment

By Application: Construction, Underground, Mining, Surface Mining

By End-User: Construction, Mining, Agriculture & forestry, Other End-Users

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the earthmoving market in 2021.

Major players operating in the market are concentrating on introducing new technological innovations which are gained popularity over recent years. Companies manufacturing earth moving equipment are focusing on incorporating 5G cellular technology to advance remote operation towards real-time control. The ultra-low latency of 5G enables systems controlling a vehicle to react sooner, such as during braking or turning, vastly improving safety on the Jobsite. The 5G network also promises to advance artificial intelligence, virtual reality as well as IoT technologies for better remote control and connectivity.

TBRC’s template market report covers:

Major Market Players: Hyundai Heavy Industries Co. Ltd, J.C. Bamford Excavators Limited, AB Volvo, Doosan Infracore Co. Ltd, SANY America, Liebherr Group, Hitachi Construction Machinery Co. Ltd, Caterpillar Inc, Komatsu, and Bobcat Company.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Earthmoving Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides template market overviews, analyzes and forecasts market size, share, template market players, template market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s template market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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