Tag: Economics
According to a report by Persistence Market Research, the global earthmoving equipment market is projected to grow from USD 63.2 billion in 2024 to USD 87.7 billion by the end of 2031, reflecting a compound annual growth rate (CAGR)...
Caterpillar has released its Q4 and full-year 2024 financial results. Full-year sales and revenues in 2024 were $64.8 billion, down 3% compared with $67.1 billion in 2023. The decrease reflected a lower sales volume of $3.5 billion, partially offset...
Berg Insight has released new findings about the market for heavy electric commercial vehicle charging infrastructure in Europe and North America. The total number of connected charging points in Europe is forecasted to grow at a compound annual growth...
At the end of a year of declining sales, in line with the industry slowdown, Volvo CE saw a turnaround in the final quarter of 2024 with an order increase of 19%.
Volvo CE has maintained a healthy profitability on...
According to a report by Persistence Market Research, the global mining remanufacturing component market is projected to grow at a CAGR of 5.5% from 2024 to 2031. The market is expected to rise from US$ 4.8 billion in 2024 to...
Berg Insight, a market research provider, in a new market research project has found that the global installed base of active construction equipment (CE) OEM telematics systems reached 6.8 million units in 2023. Growing at a compound annual growth...
The mining industry has always been inherently risky, with worker safety being one of the paramount concerns. Among the various threats faced by mining professionals, fatigue remains one of the most critical, often leading to accidents, decreased productivity, and...
According to a report by Persistence Market Research, the global hydraulic hammer market, valued at US$ 1.2 billion in 2022, is projected to witness robust growth, with sales forecasted to reach US$ 2.1 billion by 2033, growing at a...
According to Interact Analysis' latest off-highway powertrain report, the sector is undergoing rapid transformation, but significant hurdles remain. While the off-highway powertrain market is advancing towards electrification and it remains a long-term priority for the sector, diesel will continue...
Volvo CE has released its Q3 2024 financial results: lower volumes in Europe and North America for this quarter, compared to the very high levels of last year, have caused a drop in Volvo CE's overall net sales. However,...
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