Global Earth moving Machinery
Market Report
2025
The global earth-moving machinery market size will be USD 61251.2 million in 2024. Infrastructure development, urbanization, and industrialization are expected to boost sales to USD 95,183.54 million by 2031, with a Compound Annual Growth Rate (CAGR) of 6.50% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global earth-moving machinery market size will be USD 61251.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.50% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Earth moving Machinery Market Sales Revenue | $ 61251.2 Million | 121212 | 121212 | 121212 | 6.5% |
North America Earth moving Machinery Market Sales Revenue | $ 24500.5 Million | 121212 | 121212 | 121212 | 4.7% |
Mexico Earth moving Machinery Market Sales Revenue | $ 2229.54 Million | 121212 | 121212 | 121212 | 5.2% |
Canada Earth moving Machinery Market Sales Revenue | $ 2940.06 Million | 121212 | 121212 | 121212 | 5.5% |
United States Earth moving Machinery Market Sales Revenue | $ 19330.9 Million | 121212 | 121212 | 121212 | 4.5% |
Europe Earth moving Machinery Market Sales Revenue | $ 18375.4 Million | 121212 | 121212 | 121212 | 5% |
Spain Earth moving Machinery Market Sales Revenue | $ 1506.78 Million | 121212 | 121212 | 121212 | 4.1% |
United Kingdom Earth moving Machinery Market Sales Revenue | $ 3087.06 Million | 121212 | 121212 | 121212 | 5.8% |
Russia Earth moving Machinery Market Sales Revenue | $ 2848.18 Million | 121212 | 121212 | 121212 | 4% |
Italy Earth moving Machinery Market Sales Revenue | $ 1580.28 Million | 121212 | 121212 | 121212 | 4.4% |
Germany Earth moving Machinery Market Sales Revenue | $ 3638.32 Million | 121212 | 121212 | 121212 | 5.2% |
France Earth moving Machinery Market Sales Revenue | $ 1690.53 Million | 121212 | 121212 | 121212 | 4.2% |
Rest of Europe Earth moving Machinery Market Sales Revenue | $ 2848.18 Million | 121212 | 121212 | 121212 | 3.7% |
Asia Pacific Earth moving Machinery Market Sales Revenue | $ 14087.8 Million | 121212 | 121212 | 121212 | 8.5% |
Korea Earth moving Machinery Market Sales Revenue | $ 1408.78 Million | 121212 | 121212 | 121212 | 7.6% |
Japan Earth moving Machinery Market Sales Revenue | $ 1944.11 Million | 121212 | 121212 | 121212 | 7% |
China Earth moving Machinery Market Sales Revenue | $ 6339.5 Million | 121212 | 121212 | 121212 | 8% |
Australia Earth moving Machinery Market Sales Revenue | $ 732.56 Million | 121212 | 121212 | 121212 | 8.2% |
India Earth moving Machinery Market Sales Revenue | $ 1690.53 Million | 121212 | 121212 | 121212 | 10.3% |
Rest of APAC Earth moving Machinery Market Sales Revenue | $ 1000.23 Million | 121212 | 121212 | 121212 | 8.3% |
South America Earth moving Machinery Market Sales Revenue | $ 3062.56 Million | 121212 | 121212 | 121212 | 5.9% |
Colombia Earth moving Machinery Market Sales Revenue | $ 272.57 Million | 121212 | 121212 | 121212 | 5.7% |
Argentina Earth moving Machinery Market Sales Revenue | $ 514.51 Million | 121212 | 121212 | 121212 | 6.8% |
Brazil Earth moving Machinery Market Sales Revenue | $ 1310.78 Million | 121212 | 121212 | 121212 | 6.5% |
Chile Earth moving Machinery Market Sales Revenue | $ 220.5 Million | 121212 | 121212 | 121212 | 6.2% |
Peru Earth moving Machinery Market Sales Revenue | $ 251.13 Million | 121212 | 121212 | 121212 | 6.1% |
Rest of South America Earth moving Machinery Market Sales Revenue | $ 493.07 Million | 121212 | 121212 | 121212 | 5% |
Middle East Earth moving Machinery Market Sales Revenue | $ 1225.02 Million | 121212 | 121212 | 121212 | 6.2% |
Egypt Earth moving Machinery Market Sales Revenue | $ 128.63 Million | 121212 | 121212 | 121212 | 6.5% |
Turkey Earth moving Machinery Market Sales Revenue | $ 105.35 Million | 121212 | 121212 | 121212 | 5.7% |
Rest of MEA Earth moving Machinery Market Sales Revenue | $ 144.55 Million | 121212 | 121212 | 121212 | 5.2% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type Outlook: |
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Market Split by Application Outlook: |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Earth moving Machinery Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The main factors anticipated to propel the growth of the worldwide earthmoving equipment market are an increase in commercial and industrial building activities as well as an increase in infrastructure development activities in developing nations. Nations like China, Australia, and India are concentrating on enhancing the current infrastructure by starting a number of projects pertaining to the building of roads, airports, and other infrastructure. More and more industrial construction projects and infrastructure development activities necessitate the use of heavy earthmoving machinery like dump trucks, loaders, and excavators. This equipment gives contractors an advantage over operational and time constraints by helping with activities like leveling land, digging foundations, and transporting big goods. The growing urbanization of the world is another factor driving the need for earthmoving equipment. Urbanization is the process through which cities and their surrounding areas grow and expand, necessitating the development of infrastructure and other building projects. Other changes in land usage, economic activity, and culture follow from these population shifts. Consumption is expected to rise as a result of numerous government programs aimed at infrastructural development and rising investments in the building sector.
The UAE government intended to spend AED 6,262.8 million (about USD 23 billion) on infrastructure projects in July 2022. (Source: https://www.emirates247.com/business/energy/uae-invests-aed132-5bn-in-renewable-energy-projects-in-2022-chairman-of-added-2023-10-16-1.725900 )
With a sizeable portion of the construction equipment market, excavators have become an essential part of earth-moving equipment. Their significance has increased because of the growing need for them in the mining, quarrying, and demolition industries. Modern enterprises look for equipment that is both efficient and cutting-edge in order to improve construction operations. Upgrading excavators decreases operating costs, permits improved tracking of job progress at each level and cuts labor costs. These elements fuel the market's current trends for earthmoving equipment and add to the expanding demand for excavators. Furthermore, the market is seeing an upsurge in the trends related to construction activities, which is being followed by a sharp rise in the industrialization sector. Furthermore, experts and business analysts point to a significant increase in the population that has moved into cities, which is a primary driver of rising supply and demand as well as the sales that have been projected for the current forecast period. Additionally, the target market wants improved infrastructure, which presents the industry with fantastic growth and expansion potential. Driving the revenue of the earthmoving equipment industry. For instance, in July 2020, CASE Construction Equipment announced the SiteWatch telematics platform, which includes an easy-to-use dashboard seek interface for construction and earthmoving equipment, as well as intuitive navigation.
Cities are becoming more and more populated in nations like China and India. Increased demand for homes, businesses, and vital infrastructure projects like highways, bridges, and airports result from this. Earthmoving machinery is mostly used in these projects to perform operations, including grading, material handling, and excavation. Rich nations are likewise making significant investments in maintaining and modernizing their infrastructure. For restoration and expansion projects, earthmoving machinery is required due to aging roads, bridges, and dams. The market for earthmoving equipment is significantly influenced by the combined emphasis on infrastructure development in both developed and developing countries. It generates a constant need for loaders, bulldozers, excavators, and other necessary machinery.
Steel, aluminum, rubber, and other raw metals are used in the production of earthmoving equipment. Changes in the prices of these commodities directly impact production expenses. Unexpected increases in material costs are a common occurrence for manufacturers, which can cause planning and budgeting issues and raise total production costs. Price fluctuations for raw materials can occur quickly, upsetting supply systems and delaying delivery and manufacturing schedules. The procurement of resources at stable costs may provide a challenge for suppliers, potentially resulting in shortages or forced price rises that exacerbate production and distribution procedures. It might be difficult for manufacturers to stabilize equipment prices due to fluctuating raw material prices. This uncertainty may turn off potential purchasers who want predictable prices for financial planning and budgeting.
Lockdowns and other measures were implemented by governments across the globe to stop the virus's spread, which stopped or significantly slowed down building projects. The pandemic caused supply chain disruptions, which impacted the availability of raw materials and parts required to make earthmoving machinery. Both public and private investors realized how crucial it was to develop infrastructure in order to promote economic recovery. As a result, there was a boom in the need for earthmoving equipment for mining, building, and road construction operations.
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Businesses are engaging in mergers and acquisitions in order to adapt to the evolving technology trends within their respective industries. The adoption of significant R&D investments, new product development, and more strategic expansions has been implemented to close the disparity between product offers, end-use needs, and regional limitations.
In April 2023, A new excavator from Caterpillar, the 320 GC, was introduced with better fuel efficiency and lower running expenses. Adding remote diagnostics and preventative maintenance programs to their service portfolio has also been a priority. (Source: https://www.cat.com/en_US/products/new/equipment/excavators/medium-excavators/1000032601.html ) In February 2022, John Deere concentrated on growing its line of intelligent solutions. With new capabilities, including real-time machine health monitoring and optimal routing for better fleet management effectiveness, the firm unveiled its JDLink telematics platform. (Source: https://www.deere.com/en/news/all-news/john-deere-25-year-success-in-india/ )
Top Companies Market Share in Earth moving Machinery Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Earth-moving machinery market, and the region is expected to have significant growth during the projected period. The earthmoving machinery market in North America is a significant segment of the global construction equipment industry. It encompasses a wide range of heavy-duty machines used to move, shape, and compact earth and materials, such as bulldozers, excavators, loaders, and graders.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Earth-moving Machinery market in the Asia Pacific region is experiencing significant growth, driven by factors such as rapid urbanization, infrastructure development, and industrialization.
The current report Scope analyzes Earth moving Machinery Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Earth-moving Machinery market size was estimated at USD 61251.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 24500.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
According to Cognitive Market Research, the global Earth-moving Machinery market size was estimated at USD 61251.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 18375.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
According to Cognitive Market Research, the global Earth-moving Machinery market size was estimated at USD 61251.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 14087.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
According to Cognitive Market Research, the global Earth-moving Machinery market size was estimated at USD 61251.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 3062.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
According to Cognitive Market Research, the global Earth-moving Machinery market size was estimated at USD 61251.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1225.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031..
Global Earth moving Machinery Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Earth moving Machinery Industry growth. Earth moving Machinery market has been segmented with the help of its Type Outlook:, Application Outlook: , and others. Earth moving Machinery market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Earth-moving Machinery Market?
According to Cognitive Market Research, loaders are likely to dominate the Earth-moving Machinery Market over the forecast period. The loader category includes a range of models, including skid-steer loaders and wheeled loaders. Urbanization and the restricted amount of space available for work in crowded places have created a need for loaders that are both small and multifunctional. The reason for the predicted growth is that these devices provide improved skill, agility, and space-saving capabilities.
The excavators are the fastest-growing segment in the earth-moving machinery market. Aside from that, a transition is noted between traditional and automated excavators, with the former being more efficient due to technological advancements. Crawler excavators are expected to be the most popular form of excavator, while wheeled excavators and small excavators are expected to rise at a significant rate during the projected period.
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According to Cognitive Market Research, the construction segment holds the largest share of the market. The quickening pace of infrastructure development worldwide is responsible for the expansion of the construction sector segment. Since earthmoving equipment is essential to these activities, the development of infrastructure presents a huge opportunity for revenue growth for the manufacturers of this equipment. Excavators, loaders, and other construction equipment will be used much more, which is expected to lead to lucrative prospects throughout the projected period.
In the Earth-moving Machinery Market, the underground mining sector has been expanding at a rapid pace. Underground mining involves extracting minerals and ores from beneath the earth's surface. It requires specialized equipment that can operate in confined spaces and handle challenging conditions.
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Conclusion
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type Outlook: | Loaders, Excavators, Others |
Application Outlook: | Construction, Underground Mining, Surface Mining |
List of Competitors | AB Volvo, BEML LIMITED., Bobcat Company, Caterpillar, CNH Industrial N.V., Deere & Company, Doosan Corporation, Hitachi Construction Machinery Co., Ltd., Hyundai Construction Equipment Co., Ltd., J C Bamford Excavators Ltd., Kobelco Construction Machinery Co. Ltd, Komatsu Ltd., LIEBHERR, SANY Group, Sumitomo Heavy Industries, Ltd., Terex Corporation, XCMG Group, Zoomlion Heavy Industry Science&Technology Co., Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Earth moving Machinery. Further deep in this chapter, you will be able to review Global Earth moving Machinery Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Earth moving Machinery. Further deep in this chapter, you will be able to review North America Earth moving Machinery Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Earth moving Machinery. Further deep in this chapter, you will be able to review Europe Earth moving Machinery Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Earth moving Machinery. Further deep in this chapter, you will be able to review Asia Pacific Earth moving Machinery Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Earth moving Machinery. Further deep in this chapter, you will be able to review South America Earth moving Machinery Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Earth moving Machinery. Further deep in this chapter, you will be able to review Middle East Earth moving Machinery Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Earth moving Machinery. Further deep in this chapter, you will be able to review Middle East Earth moving Machinery Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Earth moving Machinery. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Earth moving Machinery market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Loaders have a significant impact on Earth moving Machinery market? |
What are the key factors affecting the Loaders and Excavators of Earth moving Machinery Market? |
What is the CAGR/Growth Rate of Construction during the forecast period? |
By type, which segment accounted for largest share of the global Earth moving Machinery Market? |
Which region is expected to dominate the global Earth moving Machinery Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Service Level Customization |
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Report Format Alteration |
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