Earthmoving Equipment Industry To Rise As Of Growing Urban Population Demand For Leveraging Infrastructure Facilities
Earthmoving equipment industry data book covers excavator, loader, motor grader, dumper, and dozer market. The global earthmoving equipment industry was valued at USD 85,892.1 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. Increasing infrastructure development activities in developing countries and a rise in commercial and industrial construction activities is the primary factor expected to drive the growth of the global earthmoving equipment market. Countries such as India, China, and Australia are focused on improving the present infrastructure by initiating multiple projects related to roadway development, airport development, etc. This increasing infrastructure development activities and industrial construction projects call for heavy earthmoving equipment, such as excavators, loaders, dump trucks, etc. This machinery aids in tasks such as foundation digging, land leveling, and the transportation of heavy...