- The key vendors in the bulldozer market in France 2015-2019 are Caterpillar Inc., Guangxi Liugong Machinery Co. Ltd., Komatsu Ltd., and Liebherr Group.
London, 22 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the bulldozer market in France 2015-2019. Growth of the equipment renting business is a critical trend observed in this market. Due to the high ownership cost of construction equipment, many construction companies and SMEs rent equipment to bring down the cost and operating expenses. The bulldozer market in France is expected to grow at a CAGR of 5.47% during the forecast period of 2014-2019.
The increase in construction activities, particularly in the transport and power infrastructure sectors is expected to augment the prospects for growth in this market. The large-scale construction of highways and expansion of the metro lines in this region will in turn increase the demand for bulldozers. Also, recent government initiatives that focus on infrastructure development are expected to increase the demand for bulldozers in this region.
“Construction contractors prefer owning equipment rather than leasing it. Manufacturers are providing construction contractors with attractive financing options to increase their sales because ownership of earthmoving equipment involves high initial investment. This provides companies with the opportunity to acquire equipment with minimal down payment,” says Faisal Ghaus, Vice President of Technavio Research.
“Equipment manufacturers are using this financing option as an important tool for marketing their products. In addition, many earthmoving equipment manufacturers and dealers are providing attractive offers such as complimentary attachments, accessories, and customization options to their customers to further increase their sales.”
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.
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