Press release
Global Earth Moving Equipment Market: Backhoe Loaders Product Type Segment Estimated to Register Significant Growth Rate During 2017-2025
Persistence Market Research presents an analysis of the global earth moving equipment market for the forecast period 2017 to 2025 in a new publication titled Earth Moving Equipment Market: Global Industry Analysis and Forecast, 2017-2025. The analysts have observed that market players are adopting a solution oriented approach and are emphasizing on strengthening partnerships with sales and distribution partners for better output. Major players in the market are focused on shifting their production bases to Asia Pacific owing to increasing construction activities in the region. While considering the various segments covered in this report, the expert team of analysts have observed that the crawler/wheeled/compact loaders segment by product type is likely to dominate the market over the assessment period.
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However, the backhoe loaders segment is expected to grow at an attractive CAGR over the forecast period. While examining the global earth moving equipment market, the analysts have noticed that APAC and North America are expected to hold a relatively high volume and value share respectively. Among all regions APAC is anticipated to witness a relatively high volume CAGR during the period 2017 to 2025, followed by North America and Latin America.
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Manufacturers in this market are entering into long-term strategic partnerships with component suppliers and this may provide growth opportunities for the earth moving equipment manufacturers. Studying market trends and consumer demand patterns to continuously evolve in product offerings and ensure uninterrupted revenue generation is the primary approach taken by manufacturers in the global earth moving equipment market.
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Extensive primary research is the main focus of this report
The Product Manager of an earth moving equipment manufacturing company based in Europe explained in an exclusive interview with Persistence Market Research that the earth moving equipment industry in UK and Germany is a strong performer whereas Southern Europe will remain a bit weak. However, owing to the Brexit impact, there will be fluctuating demand for earth moving equipment in the UK. The Sales Director of an APAC based earth moving equipment manufacturing company said that China and India are the major shareholders in the Asia Pacific earth moving equipment market owing to increasing construction activities coupled with huge government investment in new transport infrastructure. The Technical Representative of another APAC earth moving equipment manufacturing company said that with growing urbanization, smart earth moving equipment will be required in future for faster and efficient work.
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Yearly change in inflation rate has not been considered while forecasting the market numbers. Average Selling Price (ASP) has been considered to determine market values. Macroeconomic indicators such as GDP and end-use application industries growth have been considered. Top-down approach has been used to obtain market numbers and bottom-up approach has been used to counter-validate the market estimations. The report provides detailed information about the pricing analysis, the global earth moving equipment market value chain and a comprehensive market forecast. The global earth moving equipment market supply chain analysis is another important aspect covered in this report.
Research Methodology
The average price of each earth moving equipment is inferred across all the five assessed regions. Market volume is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analyzed and average market volume is deduced and reconfirmed prior to incorporating in the report. The market value of the global earth moving equipment market is thus calculated from the data deduced from the average selling price and market volume. For the 8-year forecast of the global earth moving equipment market, various macroeconomic factors and changing trends have been observed, giving an idea about the future of the market. Other important factors considered to arrive at market forecast are the size of the current market, inputs from the supply side and demand side and other dynamics shaping the scenario of the market. In the compilation of the report, the forecasts are conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated presenting the reader with crystal clear insights and future opportunities likely to emerge in the global earth moving equipment market.
Market Segmentation
By Product Type
Crawler/Wheeled Excavators
Mini Excavators
Backhoe Loaders
Crawler/Wheeled/Compact Loaders
Skid Steer Loaders
Bull Dozers/Crawler Tractors
Wheeled Tractors
Motor Graders
By Region
North America
Latin America
MEA
Europe
APAC
Company Profiles
Caterpillar Inc.
Komatsu Ltd.
Hitachi Construction Machinery Co. Ltd.
Terex Corporation
Volvo Construction Equipment
Liebherr Group
Deere & Company
Xuzhou Construction Machinery Group Co. Ltd.
Sany Heavy Industry Co Ltd.
Doosan Corporation
Others.
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