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Excavator Market in South Korea 2015-2019

Excavator Market in South Korea 2015-2019

About Excavator Market in South Korea

Excavators are used to excavate, move, and lift materials with the help of a bucket fitted to a boom. These are self-propelled machines that run using crawlers or wheels. They are highly versatile heavy construction machinery and are used for various applications such as below- and above-ground-level operations including land leveling, digging of trenches, and sinking of wells.

Technavio's analysts forecast the excavator market in South Korea to grow at a CAGR of 7.18 % over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the excavator market in South Korea for the period 2015-2019. To calculate the market size, the report considers the consumption value of excavators in South Korea. The performance of the excavator market in South Korea is forecast with the help of the predicted CAGR after analyzing the present condition of the market. The report presents four key vendors and a detailed analysis of these vendors. It also discusses growth drivers, the challenges faced by vendors and the industry as a whole, as well as key trends emerging in the market.

Key Vendors

  • Doosan Infracore
  • HHIE
  • Kubota
  • Sunward
Other Prominent Vendors
  • Caterpillar
  • Komatsu
  • Liebherr Group
  • Volvo
Market Driver
  • Upcoming 2018 Winter Olympics
  • For a full, detailed list, view our report
Market Challenge
  • Jeonse System
  • For a full, detailed list, view our report
Market Trend
  • Investments in Construction Sector
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2018 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 – Excavator Market in South Korea 2015-2019

Technavio recognizes the following companies as the key players in the Excavator 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: “The government of South Korea has been increasingly investing in the construction sector to improve the infrastructure in the country. It is also focusing on improving the road and rail networks by enhancing their coverage. The government invested nearly $100 billion in construction in the transportation sector in 2014 and is continuing to invest in it. The transportation sector construction is also closely being matched by construction in the commercial sector. There are various hotels and resorts being developed in the country not only to cater to the estimated tourist demand for the Winter Olympics of 2018, but from a future perspective as well. The city of PyeongChang is being developed with the aim of making it a tourist spot. Further, the American film studio 20th Century Fox has announced plans to open a studio in the Changwon city of South Korea. The increased investment in construction is expected to boost the demand for earthmoving equipment including excavators.”

According to the report, the 2018 Winter Olympic Games will be held in South Korea. To make the event successful, the government of South Korea is investing extensively in the development of high-quality infrastructure. One of the major projects associated with the Winter Olympics is the development of PyeongChang city. In 2014, the government invested $4 billion for the development of PyeongChang city. Construction of high-quality infrastructure and supporting structures for this mega event requires a fully functional fleet of excavators. Efficient deployment of excavators is a prerequisite for efficient implementation and timely completion of these high-quality infrastructure projects.Further, the report states that the Jeonse system of leasing is one of the key challenges in 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
    • Global Excavator Market
      • Table Global Excavator Market 2010-2014 ($ billions)
      • Table Segmentation of Global Excavator Market by Type 2014
    • Country Overview
      • Table South Korea: Economic Scenario
  • Market Landscape
    • Market Size and Forecast
      • Table Excavator Market in South Korea 2014-2019 ($ millions)
    • Five Forces Analysis
  • Excavator Market Segmentation by Type
    • Table Segmentation of Excavator Market in South Korea by Type 2014
    • Excavator Market in South Korea by Type 2014-2019
      • Table Excavator Market in South Korea by Type 2014-2019
    • Crawler Excavator Market in South Korea 2014-2019
      • Table Crawler Excavator Market in South Korea 2014-2019 ($ millions)
    • Mini Excavator Market in South Korea 2014-2019
      • Table Mini Excavator Market in South Korea 2014-2019 ($ millions)
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers 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
    • Hyundai Heavy Industries
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Hyundai Heavy Industries: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Hyundai Heavy Industries: Business Segmentation by Revenue 2012 and 2013 ($ billions)
      • Geographical Segmentation by Revenue 2013
        • Table Hyundai Heavy Industries: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • 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
  • Other Reports in this Series

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