- The key vendors in the bulldozer market in Spain 2015-2019 are Caterpillar Inc., Guangxi LiuGong Machinery Co. Ltd., KESA and Liehberr Group
London, 15 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the bulldozer market in Spain 2015-2019. There is a surge in government initiatives to improve the overall condition of the construction market. The government launched the PITVI in 2012, which aims to improve the country’s transportation and housing infrastructure. According to this plan, which include construction activities till 2024, the government will build 1,000 miles of railway network during the period of 2012-2024. The bulldozer market in Spain 2015-2019 will grow at a CAGR of 4.06% during the forecast period of 2014-2019.
The demand for energy-efficient bulldozers from contractors is contributing to the market growth. These bulldozers are economical in the long run as they require less maintenance. Therefore, energy-efficient bulldozers help construction companies optimize their operations and budgets. Also, companies in Spain, like in many countries across Europe, need to abide by strict emission standards laid down by the government. Old bulldozers do not meet these standards. Hence, there is a need to replace them.
“In order to promote the sale of their equipment, OEMS are focusing on attracting construction contractors by providing incentives such as free attachments, and also by supporting bulk equipment purchases,” says Faisal Ghaus, Vice President of Technavio Research.
“Such incentives make the purchase of equipment more attractive and cost-effective for buyers. They give contractors the opportunity to use the latest models of bulldozers and other construction equipment and improve the overall efficiency of the construction process.”
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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