Excavator Market in South Korea 2015-2019

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Excavator Market in South Korea 2015-2019

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.

Excavator Market in South Korea 2015-2019

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Market Overview

• 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.

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Key Vendors and Regions

• Doosan Infracore

• HHIE

• Kubota

• Sunward

• Caterpillar

• Komatsu

• Liebherr Group

• Volvo

View Our Report: Excavator Market in South Korea 2015-2019

• South Korea

Vendors Regions

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Key Findings

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• Growing awareness of the benefits of energy-efficient excavators among construction contractors will enhance market growth.

• These excavators improve the fuel efficiency of the equipment and are economical in the long run as they require less maintenance.

• Energy-efficient excavators help construction companies optimize their operations and budgets.

• Excavator manufacturers in South Korea have formed a large customer base not only in the country but also across the globe.

• To maintain the large customer base, manufacturers in South Korea are focusing on improving the efficiency of their equipment.

• Also, many countries across Asia need to abide by strict emission standards laid down in their jurisdictions.

Key Questions Answered in Our 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?

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About Technavio

Some of our clients include:ACT Global, Flextronics, Huawei Technologies Co, Infosys, Harris Corporation, Infosys, Intercad, Hidaka Precision Tools & Dies Company, Huawei Technologies Co, American Capital, Analysis Group, Netscout, NTT DoCoMo

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Excavator Market in South Korea 2015-2019

53 Pages | SKU: IRTNTR6268

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