- The key vendors in the Earthmoving Equipment Market in Europe 2014-2018 are Caterpillar Inc., J.C. Bamford Excavators Ltd. (JCB), Komatsu Ltd. and Volvo AB.
London, 15 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Earthmoving Equipment Market in Europe 2014-2018. One of the major trends in this market is the growth of the equipment rental business. Owing to the high prices of earthmoving equipment, vendors are providing equipment on a rental basis as it is cost-effective for customers. The market is expected to grow at a CAGR of 6.4 percent during the forecast period of 2013-2018.
“European construction equipment manufacturers are well known in the Construction Equipment industry for their high-quality and technologically advanced equipment,” says Faisal Ghaus, Vice President of TechNavio Research.
“However, the construction markets in Saudi Arabia, the Middle East, Latin America, North America, Africa, and the APAC region are experiencing rapid growth, and there has been a considerable increase in the number of construction projects in these regions.
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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