The Ground Engaging Tools (GET) market touched xxx million USD with a CAGR xx % from 2015-2019 around the world. In the future, it is predicted to reach xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Ground engaging tools (GETs) are high wear-resistant metal components that come in direct contact with the ground during construction and excavation activities. GET include bucket teeth, blades, and cutting edges that are mainly used in construction and mining machinery, such as loaders, excavators, dozers, and scrapers.
The rising number of smart cities will be one of the major factors that will have a positive impact on the global ground engaging tools (GET) market during the forecast period. Smart cities will offer improved solutions that can be implemented to mitigate the pressure caused by the increased urban population by setting up energy-efficient transportation systems. These measures will drive the construction of new and efficient road network systems, which in turn, will boost the demand for ground engaging tools.
APAC will be the major revenue contributor to the market throughout the forecast period. The increased mining and constructionactivities and presence of many operational mines will drive the demand for ground engaging tools in this region.
s the report focuses on global Ground Engaging Tools (GET) market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In global market, the following companies are covered:
Atlas Copco
Caterpillar
Hitachi Construction Machinery
Komatsu
Sandvik
...
Market Segment by Product Type
Bucket Teeth
Blades
Cutting Edges
Market Segment by Application
Loaders
Excavators
Dozers
Scrapers
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Ground Engaging Tools (GET) market for the forecast period 2020 - 2025?
• What are the driving forces in the Ground Engaging Tools (GET) market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Ground Engaging Tools (GET) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?