London, 25 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the bulldozer market in Japan 2015-2019, which is expected to post a CAGR of 5.89% during 2014-2019.
The demand for bulldozers is growing rapidly in Japan owing to the increase in reconstruction projects in Japan. The increase demand for bulldozers can be attributed to resurge in construction activity, followed by rise in new building construction in Japan.
“Growing awareness about the potential benefits of energy-efficient bulldozers among contractors involved in construction activities will trigger market growth,” says Faisal Ghaus, Vice President of Technavio.
“They are replacing old equipment with fuel-efficient equipment and advanced technology that conform to the Exhaust Gas Regulation.”
Key Market Drivers
- Reconstruction of Aging Infrastructure
- Preparations for 2020 Summer Olympics in Tokyo
- Replacement of Existing Bulldozers with Technologically Advanced Options
Key Market Trends
- Increased Demand for Energy-efficient Equipment
- Growth in Equipment Financing and Rental Business
- Increase in Research and Development Activities
Key Market Vendors
- Doosan Heavy Industries and & Construction
- Hitachi Construction Machinery
- Kobelco Construction Machinery Co
- Komatsu Ltd
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%…
