The Asia Pacific ground engaging tools market is expected to grow from US$ 668. 86 million in 2021 to US$ 1,496. 46 million by 2028; it is estimated to register a CAGR of 10. 4% from 2021 to 2028.

New York, June 30, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Asia Pacific Ground Engaging Tools Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application, Tools Type, and End-Use" - https://www.reportlinker.com/p06289884/?utm_source=GNW Many local vendors, such as BEML India, Caterpillar Inc., CNH Industrial, JCB India Limited, and John Deere, operating in the Asia Pacific ground engaging tools market, have strategically invested in business expansion to gain a competitive advantage. The sales of technologically advanced excavators, loaders, and other equipment have increased recently in Asia Pacific. The growth in Asia Pacific ground engaging tools market is attributed to the advent of artificial intelligence as it saves time, lowers expenses, uplifts production, and improves equipment accuracy. Agriculture is a primary source of income for more than 58% of the Indian population. Therefore, the integration of new technologies such as artificial intelligence, blockchain, and robotics is anticipated to boost the sales of heavy-duty equipment and machinery that can help enhance the crop yield in the country. Further, the Indian government launched the Digital Agriculture Mission for 2021—2025; in addition to this mission, the decision to invest US$ 306.29 million in the computerization of the Primary Agricultural Credit Society (PACS) is projected to propel the Indian agricultural sector in the coming years. Such initiatives by the Indian government bolster the sales of earth-moving heavy equipment, thereby driving the demand for the Asia Pacific ground engaging tools market. The use of ground-engaging tools in construction and mining activities is expected to rise in the coming years due to the benefits of metal attachments among earth-moving equipment users.Manufacturers in the Asia Pacific ground engaging tools market are offering products with uncompromising design and advanced computer-aided engineering (CAE) technologies, including finite element analysis (FEA) that can withstand different digging conditions. Such innovations are propelling the Asia pacific ground engaging tools market. The advantages of frequently replacing ground engaging tools are further anticipated to increase the sales of these tools in agricultural & forestry verticals, bolstering the Asia Pacific ground engaging tools market. Key Insights: With the rapid growth in the automotive & transportation sector in China, off-highway construction and mining equipment is anticipated to observe an increased sales in 2022. According to the China International Capital Corporation, auto sales are expected to reach 27.2 million units at the end of next year in 2022, up by 6.2% year-on-year (Y-o-Y). Chinese vehicle production rose by 20.6%, and sales increased by 18.7% in February 2022, compared to February 2021, as per the China Association of Automobile Manufacturers (CAAM) report 2022. Therefore, the rising heavy-duty equipment production and sales are boosting the ground engaging tools market growth across the country. The off-highway vehicle sales grew exponentially in the second half of 2021 due to favorable government policies, such as the Chinese Phase VI Emission Standards (China VI) for commercial vehicles. The Chinese government is investing extensively in infrastructure projects, such as Intermodal Freight Logistics Parks, leading to an increased demand for ground engaging tools to enhance equipment performance and reduce wear and tear. Such factors are propelling the Asia Pacific ground engaging tools market in the post pandemic era. Based on application, the Asia Pacific ground engaging tools market is segmented into excavators, loaders, bulldozers, and others.The excavators segment held the largest share in the market in 2021, and it is also anticipated to grow at the highest CAGR during the forecast period. Excavators are heavy construction equipment consisting of a boom, dipper, bucket, and cab on a rotating platform and are used for digging trenches, holes, and foundations. The growing demand for ground engaging tools for excavators to increase the life expectancy of machine parts and raise production while decreasing the overall cost of machine ownership is propelling this segment. According to the China Construction Machinery Association (CCMA), 26 leading excavator makers in China sold 126,941 digging machines, up 85% Y-o-Y in the first quarter of 2021.In November 2020, Volvo CE unveiled its two major heavy-duty excavators in the country and launched 10 models throughout 2021. Doosan Infracore Co. and Hyundai Construction Equipment Co., South Korea’s excavator makers, are observing a steady rise in their excavator shipments to China due to China’s booming construction market. The Chinese government’s policy to boost the economy is driving the regional civil engineering and construction market growth, thus accelerating excavator sales. Such data indicates a rising demand for ground engaging tools in Asia Pacific. The report segments the Asia Pacific ground engaging tools market as follows: The Asia Pacific ground engaging tools market is segmented on the basis of application, tools type, and end-use.Based on application, the market is categorized into excavators, loaders, bulldozers, and others. Based on tools type, the Asia Pacific ground engaging tools market is segmented into bucket teeth, adapters, lips shrouds, side cutter, ripper shanks, and others. Based on end-use, the market is categorized into construction, mining, and others. BEML India, Caterpillar Inc, CNH Industrial, JCB India Limited, John Deere, Komatsu, Larsen And Toubro, Liebherr, Sany Group, Tata Hitachi, ESCO Tool, Bradken, and CQMS Razer Pty Ltd. are companies operating in the Asia Pacific ground engaging tools market. The overall size of the Asia Pacific ground engaging tools market has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the market with respect to all the market segments.Multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. This process includes VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders—specializing in the Asia Pacific ground engaging tools market. Read the full report: https://www.reportlinker.com/p06289884/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________

Meta CEO Mark Zuckerberg announced to employees that the social media giant would be scaling back hiring and turning up the heat on its employees.

The CEO of social media giant Meta is pessimistic about the economy and is looking for ways to keep his company profitable.

(Bloomberg) -- Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned.Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysCrypto Meltdown Claims Rolex and Patek Philippe as VictimsHow Europe Became the Epicenter for This Summer’s Travel ChaosThe Wheels Have Come Off Electric VehiclesUS Supreme Court’s Tumultuous Term Ends With Guns, Ro

The mood has changed at the headquarters of Meta Platforms , parent of Facebook, Instagram and WhatsApp, in Menlo Park, California. For months now, many economists have been anticipating a sharp downturn in the economy due to aggressive monetary policy by the Federal Reserve and central banks around the world to combat record price increases everywhere. The Russian war in Ukraine has further exacerbated the supply chain problems caused by the Covid-19 pandemic.

Some McDonald’s locations are axing the chain’s U.S. deal offering soda and other cold beverages of any size for a buck as restaurant owners try to manage a record spate of inflation.

Facebook’s parent company Meta is slashing hiring plans as Mark Zuckerberg warns of “one of the worst downturns in recent history”.

(Bloomberg) -- The Apple Inc. lawyer who was once responsible for enforcing the company’s insider trading policy admitted he used his access to draft SEC filings to personally profit. Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysStock Doomsayers Vindicated in Historic First Half: Markets WrapThe Wheels Have Come Off Electric VehiclesDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinSupreme Court Crimps Biden’s Climate Agenda With Limits on EPAGene

A stock split is a way for a publicly traded company to alter its share price and outstanding share count without affecting its market cap or operating performance. Enacting a forward stock split is a way companies can make their shares more nominally affordable for retail investors who might not have access to fractional-share investing. More importantly, stock splits are viewed as a positive sign by Wall Street and investors.

China has snubbed troubled aircraft maker Boeing after three of its national flag carriers placed orders worth $37bn (£31bn) with rival Airbus.

(Bloomberg) -- A measure of US manufacturing activity weakened in June to a two-year low as new orders contracted, restrained by lingering supply constraints and some softening in demand.Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysCrypto Meltdown Claims Rolex and Patek Philippe as VictimsHow Europe Became the Epicenter for This Summer’s Travel ChaosThe Wheels Have Come Off Electric VehiclesUS Supreme Court’s Tumultuous Term Ends With Guns, Roe and Protes

(Bloomberg) -- Sam Bankman-Fried, the co-founder of crypto exchange FTX US who just signed a deal with BlockFi Inc., said he’s open to exploring acquisitions in the battered crypto-mining industry next. Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysCrypto Meltdown Claims Rolex and Patek Philippe as VictimsHow Europe Became the Epicenter for This Summer’s Travel ChaosThe Wheels Have Come Off Electric VehiclesUS Supreme Court’s Tumultuous Term Ends With Guns

In this article, we take a look at the top 10 oil and gas stocks to invest in. If you want to skip our detailed analysis of the energy sector, go to Top 5 Oil and Gas Stocks to Invest In. The stock market has been going through a rough patch for quite some time […]

Despite pledging to help employees obtain abortions, Amazon, Disney, and AT&T all donated to abortion opponents; Tesla has been hit with another racial discrimination lawsuit; and inflation is hitting July 4th food. 

Meta (META) could be bracing for a "tornado-like quarter," says Wedbush Managing Director Dan Ives.

Yahoo Finance's Jared Blikre explains the evolution of the airline industry from the PanAm days to today's summer travel disruptions.

Want to learn how to retire with $5 million? Here are a few things you can do to stretch your nest egg over the course of your retirement.

Exxon Mobil Corp. said in a filing late Friday it expects a boost of at least $2.5 billion to its bottom line in the second quarter from rising prices for oil and gas, with billions more coming from higher margins for gasoline and other energy products.

JPMorgan Chase & Co. analysts on Friday downgraded three regional bank stocks and said they're moving their outlook for the sector to neutral based on rising expectations of a recession as well as more aggressive interest rate hikes from the U.S. Federal Reserve. JPMorgan cut its ratings on Live Oak Bancshares Inc. and Huntington Bancshares Inc. to neutral from overweight and downgraded HBT Financial Inc. to underweight from neutral. "On LOB, while our call on the stock has been to buy at the po

In our June 13 review of bitcoin futures we gave a sober outlook for prices including a price target: "In this daily Point and Figure chart of bitcoin, below, we can see the breakdown and a price target of $15,750." In this daily bar chart of the continuous bitcoin futures contract, below, we can see that prices topped out in October/November. The On-Balance-Volume (OBV) line has been weakening since late October as traders of bitcoin have been more aggressive with heavier trading volume on days when the cryptocurrency has closed lower.

General Motors Co. experienced a brutal first half of 2022, seeing year-to-date sales plummet more than 17%, but there was a bright spot. The Detroit automaker (NYSE: GM) has passed Toyota in sales for the first half of 2022. On Friday, General Motors reported nearly 1.1 million sales in the first six months of the year while Toyota reported nearly 1.05 million first-half sales.