The global Ground Engaging Tools (GET) market was valued at US$ 524.6 million in 2020 and it is expected to reach US$ 2541.6 million by the end of 2027, growing at a CAGR of 25.0% during 2021-2027.
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.
Global Ground Engaging Tools (GET) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Ground Engaging Tools (GET) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Atlas Copco, Caterpillar, Hitachi Construction Machinery, Komatsu, Sandvik and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-ground-engaging-tools-get-market-outlook
Segment by Type
- Bucket Teeth
- Cutting Edges
Segment by Application
Table of Content:
1 Ground Engaging Tools (GET) Market Overview
2 Ground Engaging Tools (GET) Market Competition by Manufacturers
3 Ground Engaging Tools (GET) Retrospective Market Scenario by Region
4 Global Ground Engaging Tools (GET) Historic Market Analysis by Type
5 Global Ground Engaging Tools (GET) Historic Market Analysis by Application
6 Key Companies Profiled
7 Ground Engaging Tools (GET) Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Ground Engaging Tools (GET) Market Dynamics
10 Global Ground Engaging Tools (GET) Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.