The global earthmoving equipment market is poised to experience a compound annual growth rate (CAGR) of 3.75% from 2023 to 2027. Price projections indicate 3%-6% increase within this category during the forecast period.
This comprehensive intelligence report delves into global procurement strategies, offering valuable insights into pricing models, supplier selection criteria, and category management objectives.
Unlocking Growth Opportunities
To unlock incremental growth and leverage spend momentum, it is essential to understand regional spend growth and demand analysis. With the earthmoving equipment market witnessing an incremental spend of approximately USD 19.51 billion, specific regions like North America, Europe, and APAC emerge as influential contributors due to their robust supplier bases and escalating demand.
This procurement report conducts a comprehensive growth analysis, shedding light on factors that drive or hinder growth in individual geographies. It also identifies lucrative opportunities for both buyers and suppliers, providing insights into spend growth, regional segmentation, and category spend analysis across regions such as North America, South America, APAC, Europe, Middle East and Africa.
Exploring Pricing Trends
Within in-depth market analysis, the report thoroughly explores diverse pricing models, meticulously assessing their advantages and limitations. This report’s specialized pricing section presents insights into category prices across significant regions such as North America, South America, Europe, MEA, and APAC.
Furthermore, this report provides a comprehensive description of available discounts on category prices, empowering businesses to identify and capitalize on cost-saving opportunities. By combining these elements, the report delivers sophisticated market intelligence, enabling informed pricing decisions in a competitive landscape.
Total Cost of Ownership (TCO) and Supplier Bargaining Power
Understanding the total cost of ownership (TCO) structure is crucial in procurement decisions. This report offers comprehensive insights into TCO, elaborating on supplier-side costs and buyer-side costs. By considering TCO beyond the initial purchase price, businesses can optimize their investment decisions.
Additionally, the report delves into supplier margins within the supply chain, providing valuable insights for informed strategic sourcing decisions.
Sustainability practices
The report focuses on multiple sustainability practices present within the category and major vendors adopting such sustainability practices on a global scale.
Category Management Objectives and Strategic Cost-Saving Levers
The report provides a detailed insight into the most adopted procurement practices/strategies by buyers across industries.
Supplier Selection Criteria and Market Vendors
Selecting the right suppliers is critical for meeting sourcing needs. This report highlights key supplier selection criteria, empowering businesses to make informed decisions and forge strategic partnerships.
Additionally, it provides insights into major market vendors, including Caterpillar, Komatsu, Hitachi, CNH Industrial N.V., Terex Corp., Liebherr-International Deutschland, John Deere, SANY America
Table of Contents
Executive Summary
The publisher recognizes the following companies as the key player in the global earthmoving equipment market: Caterpillar, Komatsu, Hitachi, CNH Industrial N.V., Terex Corp., Liebherr-International Deutschland, John Deere, SANY America.Commenting on the report, an analyst from the research team said: 'Growth in public infrastructure construction activity, particularly in developing regions such as APAC, South America, and MEA, driven by government investments, will be a key factor driving the demand for construction machinery such as earthmoving equipment during the forecast period.”
According to the report, one of the major drivers for this market is the increasing demand from the construction machinery industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to analysis of the key vendors.
Companies Mentioned
- Caterpillar
- Komatsu
- Hitachi
- CNH Industrial N.V.
- Terex Corp.
- Liebherr-International Deutschland
- John Deere
- SANY America
Methodology
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