TechNavio recognizes the following companies as the key players in the Construction Equipment market in China: Komatsu Ltd., Sany Group Co. Ltd., XCMG Group, and Zoomlion Heavy Industry Science & Technology Development Co. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “One of the main trends witnessed in the Construction Equipment market in China is the increase in fleet tracking system subscriptions. The increase in fleet tracking system subscriptions is another major trend in the Construction Equipment market in China. Fleet tracking systems are mainly used in earthmoving equipment. They enable users to send, obtain, and store data from telematics devices by incorporating telecommunications and information. In addition, the increased use of fleet tracking systems is propelling the demand for telematics.”
According to the report, one of the main factors driving the market is the need to optimize operational cost. The availability of low-cost skilled labor has led to the emergence of several construction equipment manufacturing companies in China. This is paving the way for the emergence of several domestic brands.
Further, the report states that one of the main challenges is the threat from foreign vendors. The increase in technological developments and the increased need to fine-tune the operational performance of the equipment are forcing some international and foreign vendors to investigate options for developing technologically advanced equipment.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Chengdu Kobe Steel Construction Machinery Co. Ltd., Doosan Infracore (China) Co. Ltd., Guangxi Liugong Machinery Co Ltd., Guangxi Yuchai Machinery Group Co. Ltd., and Xiamen XGMA Machinery Co. Ltd.
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 vendors. For further information on this report, please visit https://www.technavio.com/report/construction-equipment-market-china-2012…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report – Construction Equipment Market in China 2012-2016
