The value of the global earthmoving equipment increased at a CAGR of 1.13% during the review period (2006-2010). Robust growth in the Asia-Pacific region has offset decline in the world's other two significant markets, North America and Europe, which recorded CARCs of -10.69% and -8.28% over the review period. The global economic crisis was one of the main factors behind steep industry contraction. Loaders, the largest sector in the global earthmoving equipment market, achieved a CAGR of 2.28% during the review period, increasing their market share from 36.5% in 2006 to 38.2% in 2010. The excavators sector recorded the fastest growth rates with a CAGR of 2.43% and accounted for 35.6% of the earthmoving equipment market, an increase of 1.7 percentage points over 2006. Construction tractors, the smallest sector, recorded a CARC of -1.97% during the review period, observing a market share contraction of 29.6% in 2006 to 26.1% in 2010.