London, 27 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the excavators market in France 2015-2019, which is expected to grow at a CAGR of 6.80% during the forecast period of 2014-2019.
Resurgence of the construction industry coupled with government initiatives that promote infrastructure development by private investors are expected to drive the prospects of growth in this market. Large-scale infrastructure development like the construction of new highways and high-speed railways in France is expected to augment the demand for excavators in this region. Also, the replacement of old construction equipment with new technologically advanced machinery that is more efficient in terms of fuel consumption drives the demand for excavators in this region.
“High ownership cost of equipment is leading many construction firms and SMEs to use construction equipment on a rental basis. This allows construction companies particularly SMEs to reduce their costs and operating expenses,” says Faisal Ghaus, Vice President of Technavio.
“In France, equipment such as excavators, loaders, construction tractors, and cranes are the most popular equipment being rented. Many equipment manufacturers such as Volvo and Hitachi among others are offering equipment on rental basis to their clients.”
Key Market Drivers:
- Increased Investment in Transport Infrastructure.
- Growing Investment in Renewable Energy Infrastructure.
- Need for Replacement of Older Construction Equipment.
Key Market Trends:
- Growth of Equipment Rental Business.
- Shifting Focus to Energy-efficient and Advanced Equipment.
- Availability of Financing Options and After-sales Services.
Key Market Vendors:
- Caterpillar Inc.
- Hitachi Construction Machinery
- Komatsu Ltd.
- Liebherr-International AG
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%…
