- The key vendors in the Earthmoving Equipment Market in Germany 2015-2019 are Caterpillar Inc., J.C. Bamford Excavators Ltd. (JCB), Komatsu Ltd. and Volvo AB
London, 11 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Earthmoving Equipment Market in Germany 2015-2019. One key trend upcoming in this market is the growth of the equipment rental business. Vendors are providing equipment on a rental basis, because of the high prices of earthmoving equipment, as it is cost-effective for customers. The lease period is often less than the average lifetime of the equipment. This allows construction companies to utilize the equipment without major investment costs and further contributes to the growth of earthmoving equipment manufacturers. The Earthmoving Equipment market in Germany is expected to grow at a CAGR of 3.96 percent during the forecast period of 2014-2019.
“Construction companies in Germany are focusing extensively on sustainable development practices such as green building construction,” says Faisal Ghaus, Vice President of TechNavio Research.
“Manufacturers are now focusing on developing energy-efficient and technologically advanced earthmoving equipment to meet growing demand.”
To define the market conditions 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%…
