Earthmoving Equipment Industry To Grow Substantially At A CAGR Of 6.70% From 2023 To 2030
Earthmoving Equipment Industry Data Book Covers Excavator, Loader, Motor Grader, Dumper And Dozer Markets. The global earthmoving equipment industry size was estimated at USD 85,892.1 million in 2022. The market is expected to expand at a CAGR of 6.7% CAGR (2023-2030). Excavators Market Report Highlights The global excavators market size was valued at USD 70,650.6 million in 2022, and it is expected to reach USD 108.37 billion by 2030, expanding at 5.2% CAGR from 2023 to 2030. Electric drive excavators emerged as the segment with the largest market growth in 2022 and is estimated to generate revenue of over USD 75,243.3 million by 2023 Mini excavators are gaining traction for medium and small projects owing to its compact nature and efficiency By type, the excavator industry reached a valuation of USD 70,650.6 million in 2022. The rising use of excavator types such as wheelers and crawlers in mining and carrying heavy loads is anticipated to fuel the segment's growth ...