Some of the major earthmoving equipment market participants include Bobcat, Komatsu, Ltd., Caterpillar, Hitachi Construction Machinery Company, Terex Group, Sany Group, XCMG, and Kobelco Construction Machinery Co.
September 29, 2020 (Newswire.com) –
Global Market Insights, Inc. has recently added a new report on the earthmoving equipment market, which estimates the market valuation for earthmoving equipment will cross US $91 billion by 2026. The market is anticipated to grow rapidly, owing to the increasing deployment of advanced earthmoving equipment in construction and mining applications. Increasing awareness related to worker safety and the requirements for the fast completion of projects is driving the adoption of earthmoving machines.
The market growth of earthmoving equipment is restricted due to the escalating spread of the COVID-19 pandemic across the globe. Several large…