Global Earthmoving Equipment - Market Opportunity And Environment, Analyses And Forecasts To 2016
NEW YORK, Feb. 6, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
http://www.reportlinker.com/p01094853/Global-Earthmoving-Equipment-–-Market-Opportunity-and-Environment-Analyses-and-Forecasts-to-2016.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Clean_VehicleSynopsis This report provides detailed market analysis, information, trends, issues and insights into the global earthmoving equipment market, including: • The regional and global earthmoving equipment market's growth prospects by category • Analysis of the Asia-Pacific, Middle East, North American, Latin American and European markets separately with country level data • Critical insight into the impact of the market through comparative analysis of country level data • Company profiles of key companies operating in the earthmoving equipment industry Summary The global earthmoving equipment market valued US$78.7 billion in 2011, of which the Asia-Pacific market constituted a 57.8% share, making it the largest regional market for earthmoving equipment in the world. In the same year, markets in Europe and North America positioned themselves as the second and third-largest regional markets, with 22.0% and 12.4% shares respectively. The continuing economic uncertainty in Europe and sluggish growth in the US are expected to reduce the market shares of western regions. Growing economies in Asia-Pacific, in particular China and India, are expected to increase their market shares as the rapid development of their infrastructural, industrial, residential and commercial sectors increases the demand for construction equipment. The share of European and North American markets is expected to be 18.2% and 9.8% respectively in 2016, declining from 22.0% and 12.4% in 2011, while Asia-Pacific is forecast to increase its share to 64.5% in the same year.
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