London, 24 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Wheeled Loaders Market in Europe 2014-2018, which is expected at a CAGR of 0.18 percent during 2013-2018.
The demand for mining equipment is increasing as there is rapid growth in the Mining industry. The focus of the vendors over the years is shifting toward energy and fuel efficient equipment to gain an edge because of the competitive nature of the market. This has resulted in enhanced R&D investment in organizations to manufacture efficient equipment.
“The increasing urbanization has resulted in high demand for the wheeled loaders and other construction equipment,” says Faisal Ghaus, Vice President of TechNavio.
“The effective and viable operation of wheeled loaders makes it a popular machine in the Construction market.”
Key Market Drivers
- Recovery of the Construction Sector
- Increasing Amount of Public Infrastructure Projects
- Need for Replacement of Old Construction Equipment
- Aftermarket Opportunities
Key Market Trends
- Increase in Renting of Construction Equipment
- Increase in R&D Investment
- Increase in Equipment Incentives
- Financing of Equipment
Key Market Vendors
- Caterpillar Inc.
- JCB Ltd.
- Komatsu Ltd.
- Volvo AB
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%3E%C2%A0%3C/p%3E%3Cp%3EIf%20you%20are%20in…
