The ground engaging tools (GET) market size has the potential to grow by USD 752.97 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 20.50%.
This report provides a detailed analysis of the market by application (excavators, loaders, and others), product (adapters, teeth, and blade), geography (APAC, Europe, MEA, North America, and South America), and key vendors.
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Ground Engaging Tools Market
Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Atlas Copco AB
- Caterpillar Inc.
- ESCO Corp.
- Hitachi Ltd.
- JA Delmas
- Komatsu Ltd.
- Liebherr-International AG
- ME Elecmetal
- Mincon Group Plc
- Sandvik AB
The ground engaging tools market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the increase in the number of smart cities to achieve growth opportunities. However, factors such as increasing preference for renewable energy power generation will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the ground engaging tools market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This ground engaging tools market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
Ground Engaging Tools Market: Key Drivers and Trends
|
|
Grab your Free Sample now to unlock further information on other key market drivers
Ground Engaging Tools Market: Segmentation by Geography
For more insights on the market share of various regions Request for a FREE sample now!
34% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for ground engaging tools in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, and South America.
The growth in infrastructure development projects will facilitate the ground engaging tools market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Ground Engaging Tools Market: Segmentation by Application
Request for a FREE sample and Get more information on the market contribution of various segments
Excavators are compatible with most ground engaging tools, such as cutting edges, teeth, ripper tips, adapters, blade edges, pins, and locks. The growing demand for excavators will positively influence the growth of ground engaging tools, as these components are an essential part of excavators, without which carrying out activities such as digging, trenching, and earth-moving are not possible.
This report provides an accurate prediction of the contribution of all the segments to the growth of the ground engaging tools market size. Fetch actionable market insights on post COVID-19 impact on each segment.
Ground Engaging Tools Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive ground engaging tools market growth during the next five years
- Precise estimation of the GET market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the ground engaging tools industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of ground engaging tools market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch