- The key vendors in the excavator market in Spain 2015-2019 are Caterpillar Inc., Hitachi Ltd., KESA and Liebherr Group
London, 05 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the excavator market in Spain 2015-2019. Increase in government initiatives is one of the major trends upcoming in the market. The government plans to implement 1,000 miles of railway network during the period 2012-2024. In the housing sector, this plan helped Barcelona recover from the economic crisis. The excavator market in Spain is expected to grow at a CAGR of 0.49% during the forecast period of 2014-2019.
“The growing awareness about the benefits of energy-efficient excavators among construction contractors will enhance market growth,” says Faisal Ghaus, Vice President of Technavio Research.
“These excavators improve fuel efficiency of the equipment and are economical in the long run as they require less maintenance. Energy-efficient excavators help construction companies optimize their operations and budgets.”
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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