According to a recent report from ResearchAndMarkets the global Earthmoving Equipment market will grow 7% by 2026.
The current situation records a global market for earthmoving equipment valued at $81.5 billion in 2017. And must of all, it is expected to cross $145 billion by 2026, growing at a CAGR of 7.0% from 2018 to 2026. The global market is certainly receiving momentum thanks to improved credit conditions, infrastructure development projects, increasing urbanization and population growth. Asia Pacific holds the largest market share in the world market for earthmoving equipment during 2017, and it is to be assumed that it will maintain its dominant position for the next few years.