Excavator market in Spain 2015-2019

Excavator Market in Spain 2015-2019

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Excavator Market in Spain 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Excavator Market in Spain 2015-2019,

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Key Trends

Technavio’s Senior Analyst says, “Growing awareness about the benefits of energy-efficient excavators among construction equipment users has led to the replacement of old excavators in favor of fuel-efficient, more technologically advanced versions that are also more economical and require less maintenance.”

• Excavators are used for demolition, lifting of heavy objects, and digging. 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 levelling, trench digging, and well sinking.

• Technavio's analysts forecast the excavator market in Spain to grow at a CAGR of 0.49 % over the period 2014-2019.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

Excavator Market in Spain 2015-2019

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Vendors

To understand the vendor landscape and for a full list of vendors view our report:

Excavator Market in Spain 2015-2019

Caterpillar

Hitachi

KESA

Caterpillar was established in 1925 as Caterpillar Tractor in California, US and changed its name to Caterpillar in 1986. Caterpillar carries out business operations in two major categories: Machinery and Power Systems, and Financial Products.

Hitachi was established in 2001 and is headquartered in Tokyo, Japan. The company is engaged in the manufacturing, sales, and servicing of industrial components and equipment. Its products are used in buildings, environmental systems, manufacturing systems, and for entertainment purposes.

KESA was established in 1964 and is headquartered in Alcala de Henares, Spain. It is a distributor of Komatsu machinery in Spain. It was formed as a JV between Komatsu and Sumitomo and is integrated within the holding company Tecnosumit.

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Market Landscape

• Construction activities in Spain dropped significantly after the global economic crisis of 2008.

• The number of construction workers also decreased from 2.4 million in the first quarter of 2013 to 0.92 million in the first quarter of 2014.

• However, a number of initiatives by the government to improve the country’s infrastructure have given impetus to the construction industry.

• The government has plans to launch 10 road construction projects by mid-2015 with an investment of $663.19 million.

• In addition, the residential construction market in the country is also recovering slowly. More infrastructure and residential construction activities in Spain will drive the demand for excavators during the forecast period.

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Key Buying CriteriaGuest Bloggers

Parameter Details

Technology The use of advanced technologies in excavators.

Quality

The efficiency of excavators.

Financing The availability of finance options for the purchase of excavators.

After-sales Support

The company should provide round-the-clock service with minimal turnaround time for resolving issues.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Excavator Market in Spain 2015-2019

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