Earthmoving Equipment Market in Germany 2015-2019
About Earthmoving Equipment
Earthmoving equipment is used for moving large amounts of earth, digging to lay foundations, and landscaping. Broadly, earthmoving equipment can be classified into three segments; Construction Tractors, Loaders, and Excavators. The Earthmoving Equipment market is one of the major segments of the Construction Equipment market.
TechNavio's analysts forecast the Earthmoving Equipment market in Germany to grow at a CAGR of 3.96 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Earthmoving Equipment market in Germany for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of earthmoving equipment in Germany including construction tractors, excavators, and loaders. The report presents a detailed analysis of the key vendors present in the market. In addition, it discusses the major drivers that influence growth, the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
TechNavio Announces the Publication of its Research Report – Earthmoving Equipment Market in Germany 2015-2019
TechNavio recognizes the following companies as the key players in the Earthmoving Equipment Market in Germany: Caterpillar Inc., J.C. Bamford Excavators Ltd. (JCB), Komatsu Ltd. and Volvo AB
Other Prominent Vendors in the market are: Doosan Group, Hitachi Construction Machinery and Liebherr.
Commenting on the report, an analyst from TechNavio’s team said: “One major trend being witnessed in this market is the growth of the equipment rental business. Vendors are providing equipment on a rental basis, because of the high prices of earthmoving equipment, as it is cost-effective for customers.”
According to the report, recovery of the Construction market in the country is one of the major drivers of the Earthmoving Equipment market in Germany. The Construction market in Germany is witnessing high investments in the Residential Construction sector, which boosts the Infrastructure sector as well. This has driven demand for earthmoving equipment in the country.
Further, the report states that the rising manufacturing and ownership costs of earthmoving equipment hinder growth of the market. Manufacturing this equipment requires high initial investment. With an increase in the prices of raw materials, manufacturing costs of this equipment increases and profit margins of manufacturers reduce.
Caterpillar, JCB, Komatsu, Volvo Group , Doosan Group, Hitachi Construction Machinery, Liebherr
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