Earthmoving Equipment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025-2032

Description

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

Product Code: PMRREP3723

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. Turkiye
- 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