North America Earthmoving Equipment Market (2021-2027) | Size, Trends, Value, Analysis, Growth, Industry, Revenue, Outlook, Share, COVID-19 IMPACT, Forecast & Companies

North America Earthmoving Equipment Market is expected to register robust growth in the upcoming years owing to the growing construction industry. North America is well known to be a developed economy in terms of the construction industry and consider being the second major market in the construction industry. Since the tag of developed economy and high disposable income, North America has become a developed market for the construction industry and generated revenue. The United States has pushed to be a rising market due to the high investment in the real estate sector. There has been a massive demand arising from the residential as well as the commercial segment. Focusing on the commercial purpose, the US government has taken come up to increase the construction of airports dams, bridges, roads and which has to turn out to be a key revenue generator for the construction industries. Further, Canada is known to be the emerged market for Earthmoving Equipment. As the country’s market situation is very sound and huge investment has taken place since a decade.

According to 6Wresearch, North America Earthmoving Equipment Market size is anticipated to witness growth during 2021-2027. The growing construction industry and the rapid development of infrastructure and facilities have propelled the growth of North America Earthmoving Equipment market. The Earthmoving Equipment has led to the growth of the construction industry by saving labor costs and time. Moreover, the demand for Earthmoving Equipment has been established due to technological improvement and urbanization including transportation, mining, etc. In North America, the United States holds a major share in the construction industry due to the increasing investments in the property and expanding infrastructure leading to a surge in Earthmoving Equipment market revenues. The growth in residential and commercial construction has been observed which is one of the key aspects leading to the growth of North America Earthmoving Equipment market over the past few years. Canada is the second dominating country in North America Earthmoving Equipment market and is anticipated to register high growth over the forthcoming years. Based on application, the construction segment dominates the major share followed by the mining segment. Moreover, the construction market of North America is anticipated to grow with the competitive players expanding their fleets with new and innovative products during the forecast period. The ongoing coronavirus pandemic has negatively affected the construction industry in North America. Local and regional governments are switching their focus from the expansion of large infrastructure projects toward mitigating the impact of the pandemic. Several factors including disruptions in the supply chain and shortage of raw material & labor have impacted the production capabilities of manufacturers. The market is expected to grow steadily with the reduction in the economic impacts of the COVID-19 pandemic. This has compelled construction companies and other contractors to provide rented equipment to avoid heavy investments while buying new machines. Thus, the widespread outbreak of COVID-19 has negatively impacted the growth of the Earthmoving Equipment market in North America.

Based on product, the excavator segment is expected to grow exponentially over the forecast period, owing to their demand across the industrial, residential, and commercial sectors. The Loaders segment held the second highest market share, during the forecast period, owing to the growth of the mining sites and construction industry. The strong presence of prominent companies such as Caterpillar, Comatose, Hitachi, Libeller, and SANY America is aiding the growth of the market in the region. Additionally, the implicit efforts of these companies regarding technological developments, strategic partnerships, acquisitions, and focus on aftermarket services are also projected to influence the market potential in North America. Various government initiatives and strict rules and regulations are likely to be the key aspects augmenting the growth in this region. Revenue generated from the sale of the Earthmoving equipment across North America is significantly increasing the market value. The prominent companies in North America Earthmoving Equipment industry are Doosan Group, Zoomlion, Volvo Construction Equipment, Sany Heavy Industry Co. Ltd., Terex Corporation, XCMG Group, Komatsu Ltd., Liebherr Group, The Manitowoc Company Inc., Hitachi Construction Machinery Co. Ltd., Deere & Company, J.C.B. Excavators Limited, and Caterpillar Inc. among others.

North America Earthmoving Equipment market report comprehensively covers the market by product, applications, and countries including the US and Canada. North America Earthmoving Equipment market outlook provides an unbiased and detailed analysis of the ongoing North America Earthmoving Equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Earthmoving Equipment Market is projected to gain momentum in the upcoming six years backed by increased potential growth of the construction, mining, and agriculture sectors. Moreover, on the basis of the end-users, the residential sector is estimated to acquire major sales revenues on the back of the growing population base, especially in Canada which is being the top reason for an increase in the construction of the residential buildings in the country is one of the top factors is expected to bolster the growth of the earthmoving equipment market in the North America region in the coming timeframe.

Key Highlights of the Report:

• North America Earthmoving Equipment Market Outlook
• Market Size of North America Earthmoving Equipment Market, 2020
• Forecast of North America Earthmoving Equipment Market, 2027
• Historical Data and Forecast of North America Earthmoving Equipment Revenues & Volume for the Period 2017 - 2027
• North America Earthmoving Equipment Market Trend Evolution
• North America Earthmoving Equipment Market Drivers and Challenges
• North America Earthmoving Equipment Price Trends
• North America Earthmoving Equipment Porter's Five Forces
• North America Earthmoving Equipment Industry Life Cycle
• Historical Data and Forecast of North America Earthmoving Equipment Market Revenues & Volume By Product for the Period 2017 - 2027
• Historical Data and Forecast of North America Earthmoving Equipment Market Revenues & Volume By Excavators for the Period 2017 - 2027
• Historical Data and Forecast of North America Earthmoving Equipment Market Revenues & Volume By Loaders for the Period 2017 - 2027
• Historical Data and Forecast of North America Earthmoving Equipment Market Revenues & Volume By Dump Trucks for the Period 2017 - 2027
• Historical Data and Forecast of North America Earthmoving Equipment Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of United States Earthmoving Equipment Market Revenues & Volume By Product for the Period 2017 - 2027
• Historical Data and Forecast of United States Earthmoving Equipment Market Revenues & Volume By Excavators for the Period 2017 - 2027
• Historical Data and Forecast of United States Earthmoving Equipment Market Revenues & Volume By Loaders for the Period 2017 - 2027
• Historical Data and Forecast of United States Earthmoving Equipment Market Revenues & Volume By Dump Trucks for the Period 2017 - 2027
• Historical Data and Forecast of United States Earthmoving Equipment Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Canada Earthmoving Equipment Market Revenues & Volume By Product for the Period 2017 - 2027
• Historical Data and Forecast of Canada Earthmoving Equipment Market Revenues & Volume By Excavators for the Period 2017 - 2027
• Historical Data and Forecast of Canada Earthmoving Equipment Market Revenues & Volume By Loaders for the Period 2017 - 2027
• Historical Data and Forecast of Canada Earthmoving Equipment Market Revenues & Volume By Dump Trucks for the Period 2017 - 2027
• Historical Data and Forecast of Canada Earthmoving Equipment Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of North America Earthmoving Equipment Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of North America Earthmoving Equipment Market Revenues & Volume By Construction for the Period 2017 - 2027
• Historical Data and Forecast of North America Earthmoving Equipment Market Revenues & Volume By Mining for the Period 2017 - 2027
• Historical Data and Forecast of North America Earthmoving Equipment Market Revenues & Volume By Agriculture & Forestry for the Period 2017 - 2027
• Historical Data and Forecast of North America Earthmoving Equipment Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of United States Earthmoving Equipment Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of United States Earthmoving Equipment Market Revenues & Volume By Construction for the Period 2017 - 2027
• Historical Data and Forecast of United States Earthmoving Equipment Market Revenues & Volume By Mining for the Period 2017 - 2027
• Historical Data and Forecast of United States Earthmoving Equipment Market Revenues & Volume By Agriculture & Forestry for the Period 2017 - 2027
• Historical Data and Forecast of United States Earthmoving Equipment Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Canada Earthmoving Equipment Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Canada Earthmoving Equipment Market Revenues & Volume By Construction for the Period 2017 - 2027
• Historical Data and Forecast of Canada Earthmoving Equipment Market Revenues & Volume By Mining for the Period 2017 - 2027
• Historical Data and Forecast of Canada Earthmoving Equipment Market Revenues & Volume By Agriculture & Forestry for the Period 2017 - 2027
• Historical Data and Forecast of Canada Earthmoving Equipment Market Revenues & Volume By Others for the Period 2017 - 2027
• North America Earthmoving Equipment Market - Key Performance Indicators
• North America Earthmoving Equipment Market - Import Export Trade Statistics
• North America Earthmoving Equipment Market - Opportunity Assessment By Countries
• North America Earthmoving Equipment Market - Opportunity Assessment By Product
• North America Earthmoving Equipment Market - Opportunity Assessment By Application
• North America Earthmoving Equipment Market - Top Companies Market Share
• North America Earthmoving Equipment Market - Top Companies Profiles
• North America Earthmoving Equipment Market - Comparison of Players in Technical and Operating Parameters
• North America Earthmoving Equipment Market - Strategic Recommendations

Markets Covered

The Market Report includes the following segments:

• By Product:
  • Excavators
  • Loaders
  • Dump Trucks
  • Others               
• By Application:
  • Agriculture & Forestry
  • Mining
  • Construction
  • Others
• By Countries:
  • United States
  • Canada

Frequently Asked Questions About the Market Study (FAQs):