“The Global Earthmoving Equipment Market: Key Trends and Opportunities to 2017 “

Date: 2015-09

In terms of growth, the global earthmoving equipment market recorded a review-period (2008โˆ’2012) compound annual growth rate (CAGR) of 1.67%. The growth was subdued by a 34.1% decline in the market in 2009, due to the financial crisis. Construction activity slowed, and demand for earthmoving equipment declined in 2009, the worst year in the economic crisis. The global earthmoving equipment market is expected to record a forecast-period CAGR of 5.59% due to construction industry growth, infrastructure and residential development in emerging economies, and the easing of the financial crisis in Europe.

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