Global Ground Engaging Tools Market Growth 2023-2029

Global Ground Engaging Tools Market Growth 2023-2029

Ground Engaging Tools (GET) are specially designed sacrificial pieces of metal that have two main purposes: increasing machine productivity and protecting the more expensive structural components from wear. The term covers components such as teeth, shrouds and cutting edges that are used on a range of mining, Paving, Construction and other machinery.

LPI (LP Information)' newest research report, the “Ground Engaging Tools Industry Forecast” looks at past sales and reviews total world Ground Engaging Tools sales in 2022, providing a comprehensive analysis by region and market sector of projected Ground Engaging Tools sales for 2023 through 2029. With Ground Engaging Tools sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ground Engaging Tools industry.

This Insight Report provides a comprehensive analysis of the global Ground Engaging Tools landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ground Engaging Tools portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ground Engaging Tools market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ground Engaging Tools and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ground Engaging Tools.

The global Ground Engaging Tools market size is projected to grow from US$ 1941.5 million in 2022 to US$ 3461.3 million in 2029; it is expected to grow at a CAGR of 3461.3 from 2023 to 2029.

Caterpillar, ESCO and Komatsu are the top 3 players of Ground Engaging Tools, with about 58% market shares.

This report presents a comprehensive overview, market shares, and growth opportunities of Ground Engaging Tools market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Digging Tool

Bulldozing Tool

Loading Tool

Others

Segmentation by application

Mining

Construction

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Caterpillar

ESCO

Komatsu

Hitachi Construction Machinery

MTG

Atlas Copco

Liebherr

Black Cat Wear

John Deere

Sandvik

Valley Blades

Key Questions Addressed in this Report

What is the 10-year outlook for the global Ground Engaging Tools market?

What factors are driving Ground Engaging Tools market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Ground Engaging Tools market opportunities vary by end market size?

How does Ground Engaging Tools break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.