Excavator Market in Qatar 2015-2019
Excavators are used to unearth, transport, and unload materials. They move on crawlers or wheels. Excavators are versatile heavy construction machines used for below- and above-ground operations, including land levelling, trench digging, and well sinking. There are two types of excavators: wheeled or crawler excavators and mini/compact excavators. Wheeled excavators are used in large construction projects, whereas mini excavators are used at mining sites. The excavator market in Qatar is one of the steadily growing construction equipment markets in the Middle East.
Technavio's analysts forecast the excavator market in Qatar to grow at a CAGR of 11.61% over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the excavator market in Qatar for the period 2015-2019. The market size is determined by the consumption value of excavators. The market is divided into the following segments: crawler/wheeled excavators and mini/compact excavator.
Technavio's report, Excavator Market in Qatar 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Excavator Market in Qatar 2015-2019
Technavio recognizes the following companies as the key players in the excavator market in Qatar: Caterpillar, JCB, Komatsu and Volvo Construction Equipment
Other Prominent Vendors in the market are: Hitachi Construction Machinery and Liebherr Group
Commenting on the report, an analyst from Technavio’s team said: “To meet the growing demand, many leading vendors are renting excavators to their customers. However, the construction industry in Qatar is currently experiencing a rise in infrastructure development projects and most of them are long-term. Construction companies find owning excavators more feasible than renting them for long-term projects, as renting becomes expensive over an extended period of time. In addition, the ownership of excavators facilitates construction companies to use the equipment according to their own needs, even for long durations.”
According to the report, construction companies are undertaking a wide variety of projects as the construction market in Qatar is experiencing significant growth in the infrastructure, residential, and non-residential construction sectors. Although skid-steer loaders and backhoe loaders have limited the growth of excavators, excavators have maintained a significant share in the market because of their versatility. Excavators can be fitted with various attachments that make them suitable for different types of construction projects. Depending on attachments, excavators can be used for digging, excavating, tamping, loading, drilling, scraping, and demolition.
Further, the report states that the increase in prices of these raw materials affects the production costs of excavators, which in turn affects the manufacturer's profit margins.
Caterpillar, JCB, Komatsu, Volvo Construction Equipment, Hitachi Construction Machinery and Liebherr Group
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