Earthmoving Equipment Industry Data Book - Excavator, Loader, Motor Grader, Dumper And Dozer Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Database Overview

Grand View Research’s earthmoving equipment industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

The following data points will be included in the final product offering in 5 reports and one sector report overview:

Earthmoving Equipment Industry Data Book Scope

Earthmoving Equipment Industry Data Book Coverage Snapshot

Earthmoving Equipment Industry Outlook

Earthmoving equipment demand is anticipated to increase throughout the forecast timeframe owing to the growing urban population demand for leveraging infrastructure facilities. The advent of new products with eco-friendly characteristics and inexpensive maintenance would replace traditional machinery in the next few decades. Furthermore, numerous technical developments make it earthmoving equipment easier to monitor systems in real-time and spot problems. Additionally, rental services are expanding their market share. In order to establish their businesses and bring in revenue from small, medium, and big contractors, local businesses and SMEs probably prefer the rental sector.

According to estimates, growing globalization would foster an environment that will encourage foreign direct investment, which will ultimately boost growth. Consumers in emerging economies are expected to have greater purchasing power, which will present important growth prospects. Over the projected period, the market is also expected to be driven by the need for improved transportation infrastructure and connectivity. However, the implementation of emission-control standards along with the ambiguity of the economic climate could make expansion difficult. Demand may be constrained by various worldwide prohibitions and restrictions on mining activities, as well as host costs.

Excavator Market Analysis And Forecast

The excavator market has experienced significant growth due to increasing investments in the construction sector, particularly in growing nations like India, China, and South Korea. Excavators are pieces of hydraulic machinery with an arm-mounted bucket and an undercarriage. Furthermore, the demand for excavators has increased as a result of an increase in the number of large-scale projects in the mining, road and port construction, and oil and gas construction industries. Another significant driving force is the concept of excavator rentals, which allows manufacturers and operators to use the machinery to its fullest potential without having to make significant capital commitments.

Excavators equipped with technology are more effective than conventional machinery as they save time and inform service centres in the event of a malfunction or other operational issues. Equipment manufacturers are creating environmentally friendly equipment as a result of strict emission control rules, which further propels the market growth. Initiatives aimed at improving infrastructure as well as significant government investment in urban projects will fuel market expansion. The market's expansion may be hampered by higher ownership costs. However, the product portfolios of manufacturers are being expanded and they are developing a strong competitive edge.

Loader Market Analysis And Forecast

The market is growing owing to increased infrastructure investments and increasing numbers of construction projects in emerging and developing countries. The need for construction equipment like loaders, which are regularly used to move materials and carry heavy loads at construction sites, is anticipated to rise as infrastructure in these areas develops. The loaders are used for a range of jobs, including processing waste, transferring commodities, and destroying buildings and infrastructure. The forecast for trash handling and the demolition sector has improved due to the growing number of redevelopment projects, which is anticipated to raise demand for loaders.

Moreover, the market has witnessed growth from 2021 onwards due to rising public-private partnerships to implement infrastructure projects, rising residential, commercial, and industrial construction activity, and global economic expansion. The loader makers are including modern technology into the machinery. For instance, Doosan, a South Korean automaker, offers an auto shut-down technology that has been introduced to decrease the engine's idle time, preventing unnecessary operating time and fuel overconsumption. Additionally, the business has given loaders access to a maintenance-free air pre-filter that automatically separates more than 99% of particles 20 microns and larger and clears debris, thereby increasing the life of the air filter.

Motor Grader Market Analysis And Forecast

The motor grader market is expected to grow owing to the functional advantages associated with them. Recently, these motor graders have elevated to the top of the list of essential options for many industries, particularly at mining, construction, and building sites. These motor graders increase overall fuel economy while reducing labour costs. They also carry out a number of significant jobs and activities, including soil levelling, surface smoothening, relocating waste and rubbish dumps, and laying foundations on native soil. All of these tasks can be completed more effectively and for less money. Naturally, motor graders are becoming increasingly important, which is assisting in the market's overall growth.

The demand in the market is being driven by the availability of attachments for a variety of applications in the mining and construction industries, aside from being utilized for a specific duty of levelling the surface or underground mining. However, for the majority of jobs, a small motor grader with 80 to 150 horsepower is sufficient. While larger motor graders can be employed in greater spaces, smaller motor graders are ideal for tasks that need to be accomplished in a tight-spacing situation. 

Dumper Market Analysis And Forecast

An increase in infrastructure, residential, and commercial construction has led to a surge in demand for the construction dumper market. The rise in population and increase in demand for highways, tunnels roads and bridges coupled with high infrastructural development taking place across the major economies specifically that includes emerging economies in the Asia Pacific such as Malaysia, India, and Indonesia and Middle East countries are expected to drive the growth of the market.  Moreover, the government's initiatives to provide housing for the population in the middle and lower income classes, the need to improve transportation infrastructure in order to expand the nation's trade routes, and other factors are expected to drive the construction dumper market's growth over the forecast period.

The emergence of smart cities as a result of the world's rapid urbanization has increased the demand for construction dumpers and necessitated significant expenditures in the building industry. Governments in developed and developing nations are working harder to control their carbon footprint as a result of growing worries about global warming and ozone depletion. Governments are enforcing stronger restrictions to limit emissions. In smart cities, the use of intelligent infrastructure automation, smart grids, and control systems considerably lowers energy use and carbon emissions while minimizing losses and improving operations. The need for construction dumpers is rising as a result of all these cutting-edge amenities offered by smart cities, which are fostering the expansion of the dumper market.

Dozer Market Analysis And Forecast

The government's investments in metros, real estate, highway, and rail projects are a key element fueling the expansion of the dozer market. Furthermore, the rate of real estate development is rising as a result of numerous government housing projects in developed nations. The growth of the dozer market over the forecast period will be aided by factors such as low unemployment, rising disposable income, low building costs, corporate relocations, e-commerce expansion, and an increase in the number of warehouses, distribution centers, and other commercial properties.

Moreover, the improvements in dozer technology order to reduce noise, improve people's lifestyles, and protect the environment through legislation governing exhaust gas emissions, among other initiatives. These contemporary technologies make it easier to successfully regulate machines while keeping loads on them, improving the outcome and the calibre of the work further propelling the market growth. However, dozers' high initial cost and noisy operation make them unsuitable for usage close to residential areas, which remains a serious concern. The demand for dozers may be impacted by the building industries' shift to less obtrusive alternatives.

Competitive Landscape

The market is competitive with the presence of major Komatsu, Hitachi Construction Machinery, Caterpillar, John Deere, Volvo, CNH Industrial among others. These companies maintain an exhaustive product portfolio and are employed to maintain a competitive edge in the market, their product offerings, the applications segment they served, the sophistication of their technology, their strategy to differentiate their products, and their industry impact. The key strategies include strategic partnerships, collaborations, and agreements; new product development; mergers & acquisitions; and research & development initiatives. For instance, Catepillar acquires Kemper Valves and Fitting Corp. in order to expand it’s service offerings. Furthermore, the company also aims to improve cost structure, quality, reliability, delivery performance, and customer loyalty.

Product innovations and new product development are the primary strategic growth tactics used to strengthen their market position.Volvo Construction Equipment AB, Terex Corporation, JCB, Doosan Infracore Ltd. are some key vendors actively engaged in innovation and product upgrades. For instance, April 2021, The Liebherr Group expanded its product line and unveiled the T 274, a truck with a class-leading 305 t and 336 seconds of acceleration. It is a reliable 305-tonne machine with high output rates, short durations, low fuel consumption, and low cost per tonne.

Key Drivers

• Technological advancements, such as the facilitation of real-time monitoring for detecting and monitoring equipment failure, are anticipated to fuel product.

• Vendors are increasingly investing in R&D to develop solutions in order to improve machine operations.

• Increase in infrastructure, residential, and commercial construction has led to surge in demand for construction dumper market.

• The market has witnessed growth from 2021 onwards due to rising public-private partnerships to implement infrastructure projects, rising residential, commercial, and industrial construction activity, and global economic expansion.

• The market's expansion may be hampered by higher ownership costs. However, the product portfolios of manufacturers are being expanded and they are developing a strong competitive edge. Thereby, propelling the industry growth.