Summary

Persistence Market Research has recently released a comprehensive report on the worldwide market for earthmoving equipment. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

• Earthmoving Equipment Market Size (2025E): USD 63.2 Billion
• Projected Market Value (2032F): USD 87.7 Billion
• Global Market Growth Rate (CAGR 2025 to 2032): 4.8%

Earthmoving Equipment Market - Report Scope:

Earthmoving equipment plays a fundamental role in construction, mining, and infrastructure development by enabling tasks such as excavation, grading, and material transportation. This market includes a variety of machinery such as excavators, bulldozers, loaders, and backhoes, widely used across residential, commercial, and industrial projects. The growing demand for advanced infrastructure, smart cities, and urban development, particularly in emerging economies, continues to drive the need for efficient and high-performance earthmoving equipment.

Market Growth Drivers:

The global earthmoving equipment market is propelled by several key factors, including rapid urbanization and industrialization, rising construction activities, and growing investments in infrastructure development. Government initiatives focused on road building, railway expansion, and smart city projects significantly boost demand. Furthermore, technological advancements such as automation, telematics, GPS integration, and hybrid engines improve productivity, fuel efficiency, and safety, encouraging wider adoption across sectors. Increasing use of rental equipment also supports market growth by offering flexibility and cost-efficiency to small and medium contractors.

Market Restraints:

Despite a positive outlook, the market faces challenges such as high initial capital investment, maintenance costs, and skilled labor shortages. Environmental concerns and stringent emission regulations, especially in developed economies, can restrict equipment usage and manufacturing processes. The complexity of operating modern machinery demands enhanced operator training and raises concerns about jobsite safety and operational downtime, impacting the adoption of newer technologies in conservative markets.

Market Opportunities:

Significant opportunities lie in the integration of electric and autonomous earthmoving equipment, responding to environmental sustainability and labor efficiency demands. The expansion of mining activities, particularly in Africa and Asia-Pacific, opens new growth avenues. Additionally, the rising trend of equipment rental services and digital fleet management solutions enables contractors to improve operational efficiency and reduce capital expenditure. Investments in R\&D and strategic collaborations with technology providers will be crucial in capitalizing on these opportunities and navigating the evolving market landscape.

Key Questions Answered in the Report:

• What are the primary factors driving the growth of the earthmoving equipment market globally?
• Which equipment types and applications are accelerating market demand in construction and mining sectors?
• How are digitalization and automation transforming the competitive dynamics of the earthmoving equipment market?
• Who are the key players contributing to the market, and what strategies are they deploying to stay competitive?
• What are the upcoming trends and future outlook for the global earthmoving equipment industry?

Competitive Intelligence and Business Strategy:

These companies invest in advanced technologies such as AI-based machine control systems, electric drivetrains, and autonomous operations to enhance performance and reduce carbon footprints. Strategic alliances with construction firms, leasing agencies, and component manufacturers support market penetration, while after-sales services and training programs ensure long-term customer engagement and equipment reliability in diverse working environments.

Key Companies Profiled:

• Bobcat Company
• Caterpillar
• AB Volvo
• BEML LIMITED.
• Doosan Corporation
• Hitachi Construction Machinery Co., Ltd.
• CNH Industrial N.V.
• Deere & Company
• Hyundai Construction Equipment Co., Ltd.
• J C Bamford Excavators Ltd.
• Kobelco Construction Machinery Co. Ltd
• Sumitomo Heavy Industries, Ltd.
• Terex Corporation
• XCMG Group
• Komatsu Ltd.
• LIEBHERR
• SANY Group

Earthmoving Equipment Market Research Segmentation:

By Product Type

• Excavators
• Mini Excavator
• Crawler Excavator
• Wheeled Excavator
• Others (Dragline, Long Reach, etc.)
• Loaders
• Skid Steer
• Backhoe
• Wheeled
• Crawler/ Track
• Mini Loaders
• Dump Trucks
• Articulated Trucks
• Rigid Trucks

By Engine Capacity

• Up to 250 HP
• 250-500 HP
• More than 500 HP

By Type

• ICE
• Electric

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

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Table of Contents

1. Executive Summary
1.1. Global Earthmoving Equipment Snapshot, 2024 and 2031
1.2. Market Opportunity Assessment, 2024 - 2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations
2. Market Overview
2.1. Market Scope and Definition
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Opportunity
2.2.4. Challenges
2.2.5. Key Trends
2.3. Macro-Economic Factors
2.3.1. Global Sectorial Outlook
2.3.2. Global GDP Growth Outlook
2.3.3. Global Construction Outlook by Region
2.3.4. Infrastructure Spending by Region
2.3.5. Global Mining Industry Growth Outlook
2.3.6. Other Macro-economic Factors
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact
2.6. Regulatory Landscape
2.7. Supply Chain Analysis
2.7.1. List of Product Type Manufacturers
2.7.2. List of Product Type Distributors
2.7.3. List of End Users
2.8. PESTLE Analysis
2.9. Porter’s Five Force Analysis
3. Price Trend Analysis, 2018 - 2031
3.1. Key Highlights
3.2. Key Factors Impacting Product Type Prices
3.3. Pricing Analysis, By Product Type
3.4. Regional Prices and Historical and Future Growth Trends
4. Global Earthmoving Equipment Outlook: Historical (2019-2024) and Forecast (2024 - 2031)
4.1. Key Highlights
4.1.1. Market Volume (Units) Projections
4.1.2. Market Size (US$ Mn) and Y-o-Y Growth
4.1.3. Absolute $ Opportunity
4.2. Market Size (US$ Mn) Analysis and Forecast
4.2.1. Historical Market Size (US$ Mn) Analysis, 2018-2023
4.2.2. Current Market Size (US$ Mn) Analysis and Forecast, 2024-2031
4.3. Global Earthmoving Equipment Outlook: Product Type
4.3.1. Introduction / Key Findings
4.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Product Type, 2018-2023
4.3.3. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Product Type, 2024 - 2031
4.3.3.1. Excavators
4.3.3.1.1. Mini Excavator
4.3.3.1.2. Crawler Excavator
4.3.3.1.3. Wheeled Excavator
4.3.3.1.4. Others (Dragline, Long Reach, etc.)
4.3.3.2. Loaders
4.3.3.3. Skid Steer
4.3.3.4. Backhoe
4.3.3.5. Wheeled
4.3.3.6. Crawler/ Track
4.3.3.7. Mini Loaders
4.3.3.8. Dump Trucks
4.3.3.9. Articulated Trucks
4.3.3.10. Rigid Trucks
4.4. Market Attractiveness Analysis: Product Type
4.5. Global Earthmoving Equipment Outlook: Engine Type
4.5.1. Introduction / Key Findings
4.5.2. Historical Market Size (US$ Mn) Analysis, By Engine Type, 2018-2023
4.5.3. Current Market Size (US$ Mn) Analysis and Forecast, By Engine Type, 2024 - 2031
4.5.3.1. ICE
4.5.3.2. Electric
4.6. Market Attractiveness Analysis: Engine Type
4.7. Global Earthmoving Equipment Outlook: Engine Capacity
4.7.1. Introduction / Key Findings
4.7.2. Historical Market Size (US$ Mn) Analysis, By Engine Capacity, 2018-2023
4.7.3. Current Market Size (US$ Mn) Analysis and Forecast, By Engine Capacity, 2024 - 2031
4.7.3.1. Up to 250 HP
4.7.3.2. 250-500 HP
4.7.3.3. More than 500 HP
4.8. Market Attractiveness Analysis: Engine Capacity
5. Global Earthmoving Equipment Outlook: Region
5.1. Key Highlights
5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Region, 2018-2023
5.3. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Region, 2024 - 2031
5.3.1. North America
5.3.2. Europe
5.3.3. East Asia
5.3.4. South Asia and Oceania
5.3.5. Latin America
5.3.6. Middle East & Africa
5.4. Market Attractiveness Analysis: Region
6. North America Earthmoving Equipment Outlook: Historical (2019-2024) and Forecast (2024 - 2031)
6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2018-2023
6.3.1. By Country
6.3.2. By Product Type
6.3.3. By Engine Type
6.3.4. By Engine Capacity
6.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024 - 2031
6.4.1. U.S.
6.4.2. Canada
6.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Product Type, 2024 - 2031
6.5.1. Excavators
6.5.1.1. Mini Excavator
6.5.1.2. Crawler Excavator
6.5.1.3. Wheeled Excavator
6.5.1.4. Others (Dragline, Long Reach, etc.)
6.5.2. Loaders
6.5.2.1. Skid Steer
6.5.2.2. Backhoe
6.5.2.3. Wheeled
6.5.2.4. Crawler/ Track
6.5.2.5. Mini Loaders
6.5.2.6. Dump Trucks
6.5.2.7. Articulated Trucks
6.5.2.8. Rigid Trucks
6.6. Current Market Size (US$ Mn) Analysis and Forecast, By Engine Type, 2024 - 2031
6.6.1. ICE
6.6.2. Electric
6.7. Current Market Size (US$ Mn) Analysis and Forecast, By Engine Capacity, 2024 - 2031
6.7.1. Up to 250 HP
6.7.2. 250-500 HP
6.7.3. More than 500 HP
6.8. Market Attractiveness Analysis
7. Europe Earthmoving Equipment Outlook: Historical (2019-2024) and Forecast (2024 - 2031)
7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2018-2023
7.3.1. By Country
7.3.2. By Product Type
7.3.3. By Engine Type
7.3.4. By Engine Capacity
7.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024 - 2031
7.4.1. Germany
7.4.2. France
7.4.3. U.K.
7.4.4. Italy
7.4.5. Spain
7.4.6. Russia
7.4.7. Türkiye
7.4.8. Rest of Europe
7.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Product Type, 2024 - 2031
7.5.1. Excavators
7.5.1.1. Mini Excavator
7.5.1.2. Crawler Excavator
7.5.1.3. Wheeled Excavator
7.5.1.4. Others (Dragline, Long Reach, etc.)
7.5.2. Loaders
7.5.2.1. Skid Steer
7.5.2.2. Backhoe
7.5.2.3. Wheeled
7.5.2.4. Crawler/ Track
7.5.2.5. Mini Loaders
7.5.2.6. Dump Trucks
7.5.2.7. Articulated Trucks
7.5.2.8. Rigid Trucks
7.6. Current Market Size (US$ Mn) Analysis and Forecast, By Engine Type, 2024 - 2031
7.6.1. ICE
7.6.2. Electric
7.7. Current Market Size (US$ Mn) Analysis and Forecast, By Engine Capacity, 2024 - 2031
7.7.1. Up to 250 HP
7.7.2. 250-500 HP
7.7.3. More than 500 HP
7.8. Market Attractiveness Analysis
8. East Asia Earthmoving Equipment Outlook: Historical (2019-2024) and Forecast (2024 - 2031)
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2018-2023
8.3.1. By Country
8.3.2. By Product Type
8.3.3. By Engine Type
8.3.4. By Engine Capacity
8.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024 - 2031
8.4.1. China
8.4.2. Japan
8.4.3. South Korea
8.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Product Type, 2024 - 2031
8.5.1. Excavators
8.5.1.1. Mini Excavator
8.5.1.2. Crawler Excavator
8.5.1.3. Wheeled Excavator
8.5.1.4. Others (Dragline, Long Reach, etc.)
8.5.2. Loaders
8.5.2.1. Skid Steer
8.5.2.2. Backhoe
8.5.2.3. Wheeled
8.5.2.4. Crawler/ Track
8.5.2.5. Mini Loaders
8.5.2.6. Dump Trucks
8.5.2.7. Articulated Trucks
8.5.2.8. Rigid Trucks
8.6. Current Market Size (US$ Mn) Analysis and Forecast, By Engine Type, 2024 - 2031
8.6.1. ICE
8.6.2. Electric
8.7. Current Market Size (US$ Mn) Analysis and Forecast, By Engine Capacity, 2024 - 2031
8.7.1. Up to 250 HP
8.7.2. 250-500 HP
8.7.3. More than 500 HP
8.8. Market Attractiveness Analysis
9. South Asia & Oceania Earthmoving Equipment Outlook: Historical (2019-2024) and Forecast (2024 - 2031)
9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2018-2023
9.3.1. By Country
9.3.2. By Product Type
9.3.3. By Engine Type
9.3.4. By Engine Capacity
9.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024 - 2031
9.4.1. India
9.4.2. Southeast Asia
9.4.3. ANZ
9.4.4. Rest of South Asia & Oceania
9.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Product Type, 2024 - 2031
9.5.1. Excavators
9.5.1.1. Mini Excavator
9.5.1.2. Crawler Excavator
9.5.1.3. Wheeled Excavator
9.5.1.4. Others (Dragline, Long Reach, etc.)
9.5.2. Loaders
9.5.2.1. Skid Steer
9.5.2.2. Backhoe
9.5.2.3. Wheeled
9.5.2.4. Crawler/ Track
9.5.2.5. Mini Loaders
9.5.2.6. Dump Trucks
9.5.2.7. Articulated Trucks
9.5.2.8. Rigid Trucks
9.6. Current Market Size (US$ Mn) Analysis and Forecast, By Engine Type, 2024 - 2031
9.6.1. ICE
9.6.2. Electric
9.7. Current Market Size (US$ Mn) Analysis and Forecast, By Engine Capacity, 2024 - 2031
9.7.1. Up to 250 HP
9.7.2. 250-500 HP
9.7.3. More than 500 HP
9.8. Market Attractiveness Analysis
10. Latin America Earthmoving Equipment Outlook: Historical (2019-2024) and Forecast (2024 - 2031)
10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2018-2023
10.3.1. By Country
10.3.2. By Product Type
10.3.3. By Engine Type
10.3.4. By Engine Capacity
10.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024 - 2031
10.4.1. Brazil
10.4.2. Mexico
10.4.3. Rest of Latin America
10.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Product Type, 2024 - 2031
10.5.1. Excavators
10.5.1.1. Mini Excavator
10.5.1.2. Crawler Excavator
10.5.1.3. Wheeled Excavator
10.5.1.4. Others (Dragline, Long Reach, etc.)
10.5.2. Loaders
10.5.2.1. Skid Steer
10.5.2.2. Backhoe
10.5.2.3. Wheeled
10.5.2.4. Crawler/ Track
10.5.2.5. Mini Loaders
10.5.2.6. Dump Trucks
10.5.2.7. Articulated Trucks
10.5.2.8. Rigid Trucks
10.6. Current Market Size (US$ Mn) Analysis and Forecast, By Engine Type, 2024 - 2031
10.6.1. ICE
10.6.2. Electric
10.7. Current Market Size (US$ Mn) Analysis and Forecast, By Engine Capacity, 2024 - 2031
10.7.1. Up to 250 HP
10.7.2. 250-500 HP
10.7.3. More than 500 HP
10.8. Market Attractiveness Analysis
11. Middle East & Africa Earthmoving Equipment Outlook: Historical (2019-2024) and Forecast (2024 - 2031)
11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2018-2023
11.3.1. By Country
11.3.2. By Product Type
11.3.3. By Engine Type
11.3.4. By Engine Capacity
11.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024 - 2031
11.4.1. GCC Countries
11.4.2. Egypt
11.4.3. South Africa
11.4.4. Northern Africa
11.4.5. Rest of Middle East & Africa
11.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Product Type, 2024 - 2031
11.5.1. Excavators
11.5.1.1. Mini Excavator
11.5.1.2. Crawler Excavator
11.5.1.3. Wheeled Excavator
11.5.1.4. Others (Dragline, Long Reach, etc.)
11.5.2. Loaders
11.5.2.1. Skid Steer
11.5.2.2. Backhoe
11.5.2.3. Wheeled
11.5.2.4. Crawler/ Track
11.5.2.5. Mini Loaders
11.5.2.6. Dump Trucks
11.5.2.7. Articulated Trucks
11.5.2.8. Rigid Trucks
11.6. Current Market Size (US$ Mn) Analysis and Forecast, By Engine Type, 2024 - 2031
11.6.1. ICE
11.6.2. Electric
11.7. Current Market Size (US$ Mn) Analysis and Forecast, By Engine Capacity, 2024 - 2031
11.7.1. Up to 250 HP
11.7.2. 250-500 HP
11.7.3. More than 500 HP
11.8. Market Attractiveness Analysis
12. Competition Landscape
12.1. Market Share Analysis, 2023
12.2. Market Structure
12.2.1. Competition Intensity Mapping By Market
12.2.2. Competition Dashboard
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
12.3.1. Bobcat Company
12.3.1.1. Overview
12.3.1.2. Segments and Product Types
12.3.1.3. Key Financials
12.3.1.4. Market Developments
12.3.1.5. Market Strategy
12.3.2. Caterpillar
12.3.3. AB Volvo
12.3.4. BEML LIMITED.
12.3.5. Doosan Corporation
12.3.6. Hitachi Construction Machinery Co., Ltd.
12.3.7. CNH Industrial N.V.
12.3.8. Deere & Company
12.3.9. Hyundai Construction Equipment Co., Ltd.
12.3.10. J C Bamford Excavators Ltd.
12.3.11. Kobelco Construction Machinery Co. Ltd
12.3.12. Sumitomo Heavy Industries, Ltd.
12.3.13. Terex Corporation
12.3.14. XCMG Group
12.3.15. Komatsu Ltd.
12.3.16. LIEBHERR
12.3.17. SANY Group
13. Appendix
13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations