- Key Customer Segments include Infrastructure Industry & Mining Industry
TechNavio, the independent London-based global research firm, today announced the publication of its research report on the Excavator Market in China. The report finds the Road and Rail Industry use more than 30 percent of the Excavators Market in China. The analysis is for the forecast period 2014-2018.
As per research analysis, the Road and Rail industry in China uses a major portion of the excavators for construction activities such as highways, railways, and other roadways. China is spending huge amounts of money on developing its transportation infrastructure such as expressways and high-speed train networks to build a robust infrastructure for future. Municipal Industry, Mining Industry and others like Agriculture, Water, and Hydroelectric industries are also using excavators in a big way for development of the overall economy.
As such, many domestic players are involved in this business with companies like Sany Group and Komatsu, a Japanese multinational company leading the overall market. There are currently more than 25 domestic excavator manufacturers in China and this number will be increasing in the future, as dependence on foreign player’s decreases.
To determine the scenario for these vendors 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 segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Excavator Market in China 2014-2018, please send an e-mail to media@TechNavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Excavator Market in China. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
Media Contact:
Rituparna Roy/Arijit Rakshit
Marketing Manager/Analyst & PR
+91 9591975898; +44 208 123 1770; +1 630 333 9501
Twitter: @TechNavio
