TechNavio today launched its report Construction Equipment Market in China 2011-2015 based on an in-depth study exclusively focusing on the Chinese market. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said; ”In the past few years, there has been a rapid increase in competition among the construction equipment vendors. This increase in competition leads to a decrease in the price of construction equipment. Consequently, there is an increase in price wars among the players in the market. Moreover, the cost of developing construction equipment is falling because of advancements in technology and because of the large variety of vendors and their varying pricing strategies aimed at capturing significant shares in the market. Furthermore, vendors are focusing on the development of economically-priced products in an attempt to tap the small-scale industrial sector.”
According to the report, one of the main drivers is the need for enhanced infrastructural construction. Customers are insisting on faster construction of high-quality buildings. Therefore, companies across China are increasingly adopting construction equipment.
Further, the report also discusses that the increased capital costs and maintenance, repair, and overhaul expenses also act as a barrier to the increased investment in construction equipment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/DSya5
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TechNavio Announces the Publication of its Report – Construction Equipment Market in China 2011-2015
