The global earthmoving equipment market is expected to reach USD 184.56 billion by 2022, according to a new study by Grand View Research, Inc. Technological advancements such as facilitation of real-time monitoring for detecting and monitoring equipment failure are anticipated to fuel product demand.
Vendors are increasingly investing in R&D to develop solutions in order to improve machine operations. Technology products such as AccuGrade Grade Control System and Computer Aided Earthmoving System (CAES) are increasingly being incorporated. Manufacturers also offer products with GPS technology and other electronic control modules and database tools for enhancing product offering. Increasing mechanization of construction processes coupled with strong economic growth in Asia Pacific earthmoving machinery market is anticipated to boost consumption in the region. Rising expenditure on infrastructure activities is also expected to escalate demand significantly over the coming years. Full Research Report On Global Earthmoving Equipment Market Analysis: www.grandviewresearch.com/industry-analysis/earthmoving-equipment-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/hvac-and-construction-technologies Grand View Research has segmented the earthmoving equipment market on the basis of product, application and region: Earthmoving Equipment Product Outlook (Revenue, USD Million, 2012 - 2022)
www.grandviewresearch.com/press-release/global-earthmoving-equipment-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For more information: www.grandviewresearch.com
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