The Business Research Company’s Earthmoving Global Market Report 2021: COVID 19 Impact And Recovery To 2030
LONDON, GREATER LONDON , UK, August 10, 2021 /EINPresswire.com/ — According to the new market research report ‘Earthmoving Global Market Report 2021: COVID-19 Impact And Recovery To 2030’ published by The Business Research Company, the earthmoving market is expected to grow from $82.75 billion in 2020 to $92.82 billion in 2021 at a compound annual growth rate (CAGR) of 12.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $136.07 billion in 2025 at a CAGR of 10%. 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.
Trends In The Global Earthmoving Market
Major players operating in the market are concentrating on introducing new technological innovations which are gaining 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. For instance, in 2018, Volvo CE joined Telia’s 5G partner program to test 5G equipped earth moving machines. In 2018, Doosan Infracore, in partnership with LG U+, introduced 5G-based remote control technology called concept- X to boost productivity and economic feasibility.
Global Earthmoving Market Segments:
The global earthmoving market is further segmented based on equipment, end-user, application and geography.
By Equipment: Excavators, Loaders, Dump Trucks, Others
By End-user: Construction, Mining, Agriculture & Forestry, Others
By Application: Construction, Underground, Mining, Surface Mining
By Geography: The global earthmoving market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Earthmoving Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides earthmoving global market overviews, analyzes and forecasts market size and growth for the global earthmoving market, earthmoving global market share, earthmoving market players, earthmoving global market segments and geographies, earthmoving market’s leading competitors’ revenues, profiles and market shares. The earthmoving global market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Earthmoving Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Earthmoving Market Organizations Covered: 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, Bobcat Company, Terex Corp.
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.
Interested to know more about The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets. Here is a list of reports from The Business Research Company similar to the Earthmoving Global Market Report 2021:
Mining Global Market Report 2021 – By Type (Mining Support Activities, General Minerals, Stones, Copper, Nickel, Lead, And Zinc, Metal Ore, Coal, Lignite, And Anthracite), COVID-19 Impact And Recovery
Agriculture Global Market Report 2021 – By Type (Animal Produce, Crop Production, Rural Activities), By End-User (B2B, B2C), COVID-19 Impact And Recovery
Forestry And Logging Global Market Report 2021: COVID-19 Impact And Recovery To 2030
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