Ground Engaging Tools Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Ground engaging tools are tough in nature and are wear resistant metal component that directly comes in contact with the ground at during the time of construction and excavation activities. These tools perform two main functions. One is, giving protection to relatively expensive components from damage and other is increasing productivity of machine.
MARKET DYNAMICS
The key market drivers for Ground Engaging tools market are, factors such as, increasing number of smart cities which ultimately need better maintenance and infrastructure facilities, the smart cities ultimately offers a classic infrastructure by creating highly efficient transportation system and various government schemes and funding activities for making affordable houses available for people. However, uncertainties in construction and mining industry are expected to restrict market growth during the forecast period.
MARKET SCOPE
The "Global Ground Engaging tools Market Analysis to 2028" is a specialized and in-depth study of the Ground Engaging tools Market with a special focus on the global market trend analysis. The report aims to provide an overview of Ground Engaging tools market with detailed market segmentation by product and end use. The global Ground Engaging tools market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Ground Engaging tools market player and offers key trends and opportunities in the Ground Engaging tools market.
MARKET SEGMENTATION
The global Ground Engaging tools market is segmented on the basis of product and end use. On the basis of product the market is segmented as, excavators, loaders and others. And on the basis of end use the market is segmented as, mining and construction.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Ground Engaging tools market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Ground Engaging tools market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Ground Engaging tools Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Ground Engaging tools market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Ground Engaging tools market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Ground Engaging tools market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Ground Engaging tools Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Ground Engaging tools market in these regions.
MARKET PLAYERS
The reports cover key developments in the Ground Engaging tools market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Ground Engaging tools market are anticipated to lucrative growth opportunities in the future with the rising demand for Ground Engaging tools market. Below mentioned is the list of few companies engaged in the Ground Engaging tools market.
The report also includes the profiles of key Ground Engaging tools market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Caterpillar Inc
- Hitachi Construction Machinery
- Atlas Copco
- John Deere
- Komatsu
- Liebherr
- Sandvik
- ME Elecmetal
- JA Delmas
- ESCO Corp
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Ground Engaging Tools Market - By Product
1.3.2 Ground Engaging Tools Market - By End-Use
1.3.3 Ground Engaging Tools Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GROUND ENGAGING TOOLS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. GROUND ENGAGING TOOLS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. GROUND ENGAGING TOOLS MARKET - GLOBAL MARKET ANALYSIS
6.1. GROUND ENGAGING TOOLS - GLOBAL MARKET OVERVIEW
6.2. GROUND ENGAGING TOOLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GROUND ENGAGING TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. EXCAVATORS
7.3.1. Overview
7.3.2. Excavators Market Forecast and Analysis
7.4. LOADERS
7.4.1. Overview
7.4.2. Loaders Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. GROUND ENGAGING TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
8.1. OVERVIEW
8.2. END-USE MARKET FORECASTS AND ANALYSIS
8.3. CONSTRUCTION
8.3.1. Overview
8.3.2. Construction Market Forecast and Analysis
8.4. MINING
8.4.1. Overview
8.4.2. Mining Market Forecast and Analysis
9. GROUND ENGAGING TOOLS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Ground Engaging Tools Market Overview
9.1.2 North America Ground Engaging Tools Market Forecasts and Analysis
9.1.3 North America Ground Engaging Tools Market Forecasts and Analysis - By Product
9.1.4 North America Ground Engaging Tools Market Forecasts and Analysis - By End-Use
9.1.5 North America Ground Engaging Tools Market Forecasts and Analysis - By Countries
9.1.5.1 United States Ground Engaging Tools Market
9.1.5.1.1 United States Ground Engaging Tools Market by Product
9.1.5.1.2 United States Ground Engaging Tools Market by End-Use
9.1.5.2 Canada Ground Engaging Tools Market
9.1.5.2.1 Canada Ground Engaging Tools Market by Product
9.1.5.2.2 Canada Ground Engaging Tools Market by End-Use
9.1.5.3 Mexico Ground Engaging Tools Market
9.1.5.3.1 Mexico Ground Engaging Tools Market by Product
9.1.5.3.2 Mexico Ground Engaging Tools Market by End-Use
9.2. EUROPE
9.2.1 Europe Ground Engaging Tools Market Overview
9.2.2 Europe Ground Engaging Tools Market Forecasts and Analysis
9.2.3 Europe Ground Engaging Tools Market Forecasts and Analysis - By Product
9.2.4 Europe Ground Engaging Tools Market Forecasts and Analysis - By End-Use
9.2.5 Europe Ground Engaging Tools Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Ground Engaging Tools Market
9.2.5.1.1 Germany Ground Engaging Tools Market by Product
9.2.5.1.2 Germany Ground Engaging Tools Market by End-Use
9.2.5.2 France Ground Engaging Tools Market
9.2.5.2.1 France Ground Engaging Tools Market by Product
9.2.5.2.2 France Ground Engaging Tools Market by End-Use
9.2.5.3 Italy Ground Engaging Tools Market
9.2.5.3.1 Italy Ground Engaging Tools Market by Product
9.2.5.3.2 Italy Ground Engaging Tools Market by End-Use
9.2.5.4 United Kingdom Ground Engaging Tools Market
9.2.5.4.1 United Kingdom Ground Engaging Tools Market by Product
9.2.5.4.2 United Kingdom Ground Engaging Tools Market by End-Use
9.2.5.5 Russia Ground Engaging Tools Market
9.2.5.5.1 Russia Ground Engaging Tools Market by Product
9.2.5.5.2 Russia Ground Engaging Tools Market by End-Use
9.2.5.6 Rest of Europe Ground Engaging Tools Market
9.2.5.6.1 Rest of Europe Ground Engaging Tools Market by Product
9.2.5.6.2 Rest of Europe Ground Engaging Tools Market by End-Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Ground Engaging Tools Market Overview
9.3.2 Asia-Pacific Ground Engaging Tools Market Forecasts and Analysis
9.3.3 Asia-Pacific Ground Engaging Tools Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Ground Engaging Tools Market Forecasts and Analysis - By End-Use
9.3.5 Asia-Pacific Ground Engaging Tools Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Ground Engaging Tools Market
9.3.5.1.1 Australia Ground Engaging Tools Market by Product
9.3.5.1.2 Australia Ground Engaging Tools Market by End-Use
9.3.5.2 China Ground Engaging Tools Market
9.3.5.2.1 China Ground Engaging Tools Market by Product
9.3.5.2.2 China Ground Engaging Tools Market by End-Use
9.3.5.3 India Ground Engaging Tools Market
9.3.5.3.1 India Ground Engaging Tools Market by Product
9.3.5.3.2 India Ground Engaging Tools Market by End-Use
9.3.5.4 Japan Ground Engaging Tools Market
9.3.5.4.1 Japan Ground Engaging Tools Market by Product
9.3.5.4.2 Japan Ground Engaging Tools Market by End-Use
9.3.5.5 South Korea Ground Engaging Tools Market
9.3.5.5.1 South Korea Ground Engaging Tools Market by Product
9.3.5.5.2 South Korea Ground Engaging Tools Market by End-Use
9.3.5.6 Rest of Asia-Pacific Ground Engaging Tools Market
9.3.5.6.1 Rest of Asia-Pacific Ground Engaging Tools Market by Product
9.3.5.6.2 Rest of Asia-Pacific Ground Engaging Tools Market by End-Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Ground Engaging Tools Market Overview
9.4.2 Middle East and Africa Ground Engaging Tools Market Forecasts and Analysis
9.4.3 Middle East and Africa Ground Engaging Tools Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Ground Engaging Tools Market Forecasts and Analysis - By End-Use
9.4.5 Middle East and Africa Ground Engaging Tools Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Ground Engaging Tools Market
9.4.5.1.1 South Africa Ground Engaging Tools Market by Product
9.4.5.1.2 South Africa Ground Engaging Tools Market by End-Use
9.4.5.2 Saudi Arabia Ground Engaging Tools Market
9.4.5.2.1 Saudi Arabia Ground Engaging Tools Market by Product
9.4.5.2.2 Saudi Arabia Ground Engaging Tools Market by End-Use
9.4.5.3 U.A.E Ground Engaging Tools Market
9.4.5.3.1 U.A.E Ground Engaging Tools Market by Product
9.4.5.3.2 U.A.E Ground Engaging Tools Market by End-Use
9.4.5.4 Rest of Middle East and Africa Ground Engaging Tools Market
9.4.5.4.1 Rest of Middle East and Africa Ground Engaging Tools Market by Product
9.4.5.4.2 Rest of Middle East and Africa Ground Engaging Tools Market by End-Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Ground Engaging Tools Market Overview
9.5.2 South and Central America Ground Engaging Tools Market Forecasts and Analysis
9.5.3 South and Central America Ground Engaging Tools Market Forecasts and Analysis - By Product
9.5.4 South and Central America Ground Engaging Tools Market Forecasts and Analysis - By End-Use
9.5.5 South and Central America Ground Engaging Tools Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Ground Engaging Tools Market
9.5.5.1.1 Brazil Ground Engaging Tools Market by Product
9.5.5.1.2 Brazil Ground Engaging Tools Market by End-Use
9.5.5.2 Argentina Ground Engaging Tools Market
9.5.5.2.1 Argentina Ground Engaging Tools Market by Product
9.5.5.2.2 Argentina Ground Engaging Tools Market by End-Use
9.5.5.3 Rest of South and Central America Ground Engaging Tools Market
9.5.5.3.1 Rest of South and Central America Ground Engaging Tools Market by Product
9.5.5.3.2 Rest of South and Central America Ground Engaging Tools Market by End-Use
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. GROUND ENGAGING TOOLS MARKET, KEY COMPANY PROFILES
11.1. CATERPILLAR INC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. HITACHI CONSTRUCTION MACHINERY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ATLAS COPCO
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JOHN DEERE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KOMATSU
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LIEBHERR
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SANDVIK
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ME ELECMETAL
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. JA DELMAS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ESCO CORP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Caterpillar Inc
2. Hitachi Construction Machinery
3. Atlas Copco
4. John Deere
5. Komatsu
6. Liebherr
7. Sandvik
8. ME Elecmetal
9. JA Delmas
10. ESCO Corp
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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