The purpose of the report is to illustrate the state of the market of Earthmoving Equipment, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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In 2017, Asia Pacific accounted for the largest market share in the global earthmoving equipment market. The region is expected to maintain its dominating position and also expected to be the fastest growing market for earthmoving equipment over the forecast period. This growth is primarily driven by the increasing investment by India and Southeast Asia in road, urban infrastructure, railways and ports, and irrigation projects to support their economic growth. In addition, output of construction industry in China increased by 5% in 2016 compared to 2015, as government invested significant amount in infrastructure development and relaxed construction regulation and credit policies. The construction industry in the U.S. is recovering rapidly from the sharp economic slowdown during financial crises.
The global earthmoving equipment market is highly competitive and dominated by established players including Caterpillar Inc, Komatsu Ltd, Hitachi Construction Machinery Co. Ltd, Volvo Group, Liebherr Group, SANY Group, Guangxi LiuGong Machinery Co., Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd., Terex Corp, Doosan Infracore, Deere & Company, XCMG Group and others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Earthmoving Equipment buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Earthmoving Equipment contains:
Analysis and forecast of Earthmoving Equipment market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Earthmoving Equipment market;
Assessment and forecast of Earthmoving Equipment market development;
Financial and business profiles of the leading companies in the Earthmoving Equipment industry.
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– Up to date working Earthmoving Equipment data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Earthmoving Equipment for the period 2018 to 2026
– Planned Earthmoving Equipment additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Earthmoving Equipment projects by region, key countries, and companies
– Details of major planned Earthmoving Equipment projects in the world up to 2026
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