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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.
Browse TOC and LoE with selected illustrations and example pages of Ground Engaging Tools Market
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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.
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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.
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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.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
By Product
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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