London, 13 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the earthmoving equipment market in Spain 2015-2019, which is expected to grow at a CAGR of 2.28% during the forecast period of 2014-2019.
Investment in the transportation infrastructure and in the construction of new buildings will drive the demand for earthmoving equipment during the forecast period. Advances in technology are enabling many construction companies in Spain to upgrade to equipment that is more fuel-efficient.
“To address the rising concerns over environmental and energy issues in the country, construction equipment vendors are developing energy-efficient technology that causes less damage to the environment,” says Faisal Ghaus, Vice President of Technavio.
“The vendors are also investing in R&D to develop new support services that will have less impact on the environment.”
Key Market Drivers
- Recovery of Construction Industry
- Replacement of Old Equipment
- Investment in Road and Transportation Infrastructure
Key Market Trends
- Growth of Equipment Rental Business
- Introduction of Energy-efficient Equipment
Key Market Vendors
- Bell Equipment Spain SA
- Hitachi Construction Machinery
- KESA
- Liebherr Industrias Metálicas SA
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
