Ground Engaging Tools Market- Opportunity Analysis and Industry Forecast, 2020–2027
A08002 | Pages: NA | Feb 2021 | 52 Views | | |
Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Ground Engaging Tools Market- Opportunity Analysis and Industry Forecast, 2020–2027
Request Now !Ground Engaging Tools Market Outlook - 2027
Ground engaging tools (GET) are tough wear-resistant metal components, which come in direct contact with the ground during excavation and construction activities These apparatuses have two fundamental functionalities, expanding the machine efficiency and shielding the relatively costly segments from mileage. GETs incorporate edges, pail teeth, and bleeding edges, which are mostly utilized in mining and development apparatus, for example, excavators, loaders, scrubbers, and dozers. The ground connecting with instruments directly affect a machine’s efficiency, fuel utilization, support costs, and conceivably the life span of hardware. Appropriate administration of GET helps to amplify creation limit of hardware, improves fuel utilization rate, and increments motor & force train life, thereby limiting the working expenses.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD Million) |
Segments covered | Product, Type, Application |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
Companies covered | Caterpillar, Bradken, MTG, Komatsu, Black Cat Blades, Hitachi Construction Machinery, John Deere, Atlas-Copco, Sandvik, Liebherr, and ValleyBlade |
COVID-19 scenario analysis:
- COVID-19 pandemic has shut-down the production of various products in the ground engaging tools market, owing to the prolonged lockdown in major countries. This has hampered the growth of the ground engaging tools market significantly from last few months, and is likely to continue during 2020.
- COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020, and is likely to cause a negative impact on the market growth during the year.
- The major demand for equipment and machinery was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, the UK, and China, which are badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
- Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Ground engaging tools have their use in the mining industry along with various other places. Therefore, there is increase in demand for the product.
The growing mining industry
The global mining industry had faced recuperation in product costs. However, general financial development has energized the development of the mining business, which has additionally encouraged the interest for ground connecting with devices in the mining business. Attributed to expanding mining exercises across the globe, substantial gear machines, for example, excavators, and draglines, rope scoops, face scoops, and wheel loaders, witness rise in interest for ground connecting with apparatuses. Interest for metals, minerals, iron, and steel is set to develop, which is expected to reinforce the development of ground drawing in apparatuses showcase. The quantity of employable mines has expanded across the globe. Development, mining apparatus, & related parts along with the hardware industry have supported the market growth. The interest for ground engaging tools is developing at a rapid rate due to the growth in private and business development, upkeep & extension of existing structures, streets, transportation courses, water, and sanitation offices.
Advancements in ground engaging tools
Ground engaging tools have gone through numerous advancements, which have improved their accuracy, fitment, resistance to wear, strength, and impact & long-life performance. The manufacturers of ground engaging tools are continuously introducing advanced versions of ground engaging tools to offer higher accuracy and productivity to consumers. For instance, hammerless tooth & adapter systems are superior to ordinary tooth & adapter systems in terms of durability, productivity, and safe ease of installation. Earth moving equipment owners opt for these new & advanced ground engaging tools to increase their productivity and reduce operating cost. Such continuous advancements in ground engaging tools are expected to have a positive impact on the demand for the product in the coming years.
Key segments covered:
Segments | Sub-segments |
Product |
|
Type |
|
Application |
|
- Key benefits of the report:
- This study presents the analytical depiction of the ground engaging tools market along with the current trends and future estimations to determine the future of the market
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the ground engaging tools market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the ground engaging tools market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Ground Engaging Tools Market- Opportunity Analysis and Industry Forecast, 2020–2027- Opportunity Analysis and Industry Forecast, 2020–2027
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Featured Reports
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers