- Key Customer Segments include Infrastructure Industry & Mining Industry
TechNavio, the independent London-based global research firm, today announced the publication of its research report on the Construction Equipment Market in Europe. The report finds Mini Excavators dominate more than 30 percent of the Construction Equipment Market in Europe. The analysis is for the forecast period 2014-2018.
As per research analysis, The Mini Excavators market in Europe will be reaching US$4,247.13 million by 2018, growing at a CAGR of 0.58 percent during the forecast period. This growth is due to several factors like increasing public infrastructure projects, increasing demand for skid-steer loaders and the rising need for replacing older construction equipment’s.
Overall, the Western European countries such as Germany, the UK, France, and Italy dominate this market, as it is one of the most stable equipment markets in Europe and the growth from this region will continue in future.
To determine the scenario for these vendors 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 segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Construction Equipment Market in Europe 2014-2018, please send an e-mail to media@TechNavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Construction Equipment Market in Europe. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.About TechNavio
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