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Earthmoving Equipment Market in South Korea 2015-2019

Earthmoving Equipment Market in South Korea 2015-2019

About Earthmoving Equipment

Earthmoving equipment refers to heavy equipment used in the construction industry to move large amounts of earth, dig foundations for buildings, and to landscape areas. The various types of earthmoving equipment include excavators, loaders, and construction tractors. The earthmoving equipment market is one of the major segments of the construction equipment market.

Technavio's analysts forecast the earthmoving equipment market in South Korea to grow at a CAGR of 6.53% 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 South Korea for the period 2015-2019. It also includes historical sales of earthmoving equipment in the construction equipment market in South Korea. In this report, the market size is determined by the consumption value of earthmoving equipment and the growth prospects of the earthmoving equipment market in South Korea is estimated after an analysis of the present condition of the market. In addition, the report discusses the major drivers influencing the growth of the market, and the major challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

Key Vendors

  • Doosan Infracore
  • HHIE
  • Kubota
  • Sunward
Other Prominent Vendors
  • Caterpillar
  • Komatsu
  • Liebherr Group
  • Volvo
Market Driver
  • Growth of Nuclear Energy Infrastructure
  • For a full, detailed list, view our report
Market Challenge
  • High Prices of Raw Materials
  • For a full, detailed list, view our report
Market Trend
  • Investment in Construction Sector
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Earthmoving Equipment Market in South Korea 2015-2019

Technavio recognizes the following companies as the key players in the Earthmoving Equipment Market in South Korea: Doosan Infracore, HHIE, Kubota and Sunward

Other Prominent Vendors in the market are: Caterpillar, Komatsu, Liebherr Group and Volvo

Commenting on the report, an analyst from Technavio’s team said: “Ownership of construction equipment involves huge initial investment. Construction companies, especially SMEs, face budget constraints in ownership of earthmoving equipment. This has resulted in manufacturers promoting their equipment through rentals. To meet the growing demand for earthmoving equipment in South Korea, leading vendors such as Caterpillar and Volvo are offering rental services to their customers. The equipment can be rented by customers on a daily or annual basis. The lease period is often less than the average lifetime of the equipment. This allows construction companies the use of high-cost earthmoving equipment without major monetary investments and contributes to the profits of earthmoving equipment manufacturers. Auxiliary services such as specialist consultation and proactive maintenance are also offered to customers renting the equipment.”

According to the report, the government of South Korea is focusing on developing nuclear power plants to reduce greenhouse gas emissions and meet power demand in the country. Currently, there are 23 reactors that generate around 21 GWe of electricity for South Korea, which fulfills almost 25% of the electricity requirement of the country. The government is planning to construct and bring 10 more reactors into operational state by 2020. Construction of these big nuclear power plants will drive the need for earthmoving equipment in South Korea.

Further, the report states that the high prices of raw materials is one of the key challenges for the market.

Companies Mentioned

Doosan Infracore, HHIE, Kubota, Sunward, Caterpillar, Komatsu, Liebherr Group, Volvo

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Industry Overview
    • Table Classification of Construction Equipment
    • Table Classification of Earthmoving Equipment
    • Table Earthmoving Equipment: Type and Usage
    • Table Procurement Process of Earthmoving Equipment
    • Global Earthmoving Equipment Market
      • Table Global Earthmoving Equipment Market 2010-2014 ($ billion)
      • Segmentation of Global Earthmoving Market by Geography
        • Table Segmentation of Global Earthmoving Equipment Market by Geography 2014
    • South Korea: Economic Scenario
      • Table South Korea: Economic Scenario
    • Earthmoving Equipment Market in South Korea
      • Table Earthmoving Equipment Market in South Korea 2010-2014 ($ million)
  • Market Landscape
    • Market Size and Forecast
      • Table Earthmoving Equipment Market in South Korea 2014-2019 ($ million)
    • Five Forces Analysis
  • Market Segmentation by Type
    • Market Segmentation by Type
      • Table Segmentation of Earthmoving Equipment Market in South Korea by Type 2014-2019
    • Excavator Market in South Korea
      • Table Excavator Market in South Korea 2014-2019 ($ million)
      • Crawler Excavator Market in South Korea
        • Table Crawler Excavator Market in South Korea 2014-2019 ($ million)
      • Mini Excavator Market in South Korea
        • Table Mini Excavator Market in South Korea 2014-2019 ($ million)
    • Construction Tractor Market in South Korea
      • Table Construction Tractor Market in South Korea 2014-2019 ($ million)
      • Wheeled Tractor Market in South Korea
        • Table Wheeled Tractor Market in South Korea 2014-2019 ($ million)
      • Bulldozer Market in South Korea
        • Table Bulldozer Market Size in South Korea 2014-2019 ($ million)
    • Loader Market in South Korea
      • Table Loaders Market in South Korea 2014-2019 ($ million)
      • Backhoe Loader Market in South Korea
        • Table Backhoe Loader Market in South Korea 2014-2019 ($ million)
      • Compact Loader Market in South Korea
        • Table Compact Loader Market in South Korea 2014-2019 ($ million)
      • Skid-steer Loader Market in South Korea
        • Table Skid-steer Loader Market in South Korea 2014-2019 ($ million)
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Driver and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
      • Key News
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Doosan Infracore
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table Doosan Infracore: Business Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table Doosan Infracore: Business Segmentation by Revenue 2013 and 2014 ($ billion)
      • Recent Developments
      • SWOT analysis
    • HHIE
      • Key Facts
      • Business Overview
      • Business strategy
      • Recent Developments
      • SWOT Analysis
    • KUBOTA
      • Key Facts
      • Business Overview
      • SWOT Analysis
    • Sunward
      • Key Facts
      • Business Overview
      • Geographical Segmentation by Revenue 2013
        • Table Sunward: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
  • Market Summary
    • Table Earthmoving Equipment Market in South Korea by Product Segmentation
  • Other Reports in this Series

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