Rapid urbanization is the key factor for Earthmover demand

Earthmover equipment is mostly used in construction projects which includes commercial building construction, laying pipelines, road building etc. The whole world is witnessed for rapid industrialization and urbanization but COVID-19 disrupted the growth of rapid urbanization and witnessed severe loss in terms of market and human health.

Shut down of construction and mining projects due to COVID-19 pandemic, deprived the sale of Earthmover for a certain period of time. Though certain contractors and companies who were renting their Earthmover equipment have gained made a minimal profit from the continued projects.

Various countries government are increasing the infrastructure and development budget which led to the drive the market demand for earthmovers. Rapid road construction to increase connectivity within the cities and states, new road construction in hilly areas and bridge construction in rivers and land slide prone areas increase the use of earthmovers.

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Key Segments

By Product type

• Miners
• Excavator
• Bulldozers
• Shovels
• Wheel Loaders
• Compactor
• Pavers

By Application

• Construction
  • Commercial Buildings
  • Pipeline
  • Roadbulidings
  • others

• Mining
• Solid waste

By Region

• North America
  • US & Canada
• Latin America
  • Brazil, Mexico, Others
• Western Europe
  • EU5
  • Nordics
  • Benelux
• Eastern Europe
• Asia Pacific
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Japan
• Middle East and Africa
  • GCC Countries
  • Other Middle East
  • South Africa
  • Other Africa

Who are the Key Manufacturers and Suppliers of Earthmover?

Some of the leading manufacturers of Earthmover include

• Komatsu
• Hitachi Construction Machinery Co. Ltd.
• Volvo
• John deere
• Doosan
• Sany Heavy Industry Co Ltd.
• Caterpillar
• JCB
• CNH Industrial
• Xuzhou Construction
• Liebherr Group
• Others

Majority of leading manufacturers and suppliers have longstanding contracts with end-users to supply Earthmover equipment, for instance, Caterpillar one of the world-famous manufacturers of earthmoving equipment have longstanding supply contract with the US army. Furthermore, many global players in the industry are focusing on new product range of equipment to meet customer demand with the requirement.

The manufacturers are designing and customizing their equipment by looking into application and the market requirement. Customers are given priority to convey required specifications of the machine in order to get a best suitable product for their end-use. By mix practicing of such organic and inorganic market strategies the market players are successfully gaining market ranking and attracting newer customers towards them.

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