Outlook of EARTHMOVING EQUIPMENT market status and development trends reviewed in new report

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Earthmoving Equipment Market Drivers and
Challenges Report 2022 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Earthmoving Equipment Market

• The research report, Earthmoving equipment
  market size is projected to reach USD 192.45
  billion by 2023 as per the latest research
  report by Global Market Insights, Inc. growing
  adoption in the commercial sector, favorable
  Government initiatives and growing transport
  infrastructure development worldwide will drive
  the global market size.
• Global Market Insights has announced the addition
  of a new market study based on the Earthmoving
  equipment market. The report analyzes the
  restrainers, drivers and challenges of the
  market, future growth potentials and its impact
  on the demand shaping the market during the
  predicted period from 2015 to 2023.

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Continued.

• Excavators will continue to be the most
  attractive equipment with more than 9 CAGR from
  2016 to 2023. Real-time monitoring features for
  identyfying and supervising system failure are
  expected to drive demand.
• The multifunction equipment is preferred over
  single-function equipment for saving the cost.
  This also reduces the time and labor required to
  accomplish the task with improved efficiency and
  extended productivity as added advantages. Rising
  investments in RD to discover solutions to
  enhance product offerings will propel the market.
• Earthmoving machinery is mainly applied in the
  construction industry. The construction industry
  is predicted to maintain its dominance, with more
  than 60 of the Earthmoving machinery market
  share. Excavator are used in surface level and
  below ground operations. Rising demand in
  factories and manufacturing facilities will drive
  the excavator segment growth. Obtaining
  construction equipment on rent or lease is a
  rising trend. The construction equipment rental
  market is predicted to exceed USD 85 billion by
  2023.

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