Global Electric Shovel Market 2015-2019

Global Electric Shovel Market 2015-2019

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Global Electric Shovel Market 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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Global Electric Shovel Market 2015-2019,

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Key Trends

Technavio’s Senior Analyst says, “The growth of the global electric shovel market is driven by several factors. An increase in demand for mineral-based commodities is one of the major market drivers. Following the 2008 economic crisis, the mining market has shown signs of recovery globally mainly because of an increase in demand for metals and minerals from the emerging countries such as China, Indonesia, and India.”

• An electric shovel is used in activities related to mining, digging, and loading of earth or fragmented rocks. It is a modified steam shovel and operates in a similar fashion. Though the main purpose of shovels is to excavate and decrease burden in open-pit mining operations, it may also be used for loading extracted minerals such as coal.

• Technavio's analysts forecast the global electric shovel market to grow at a CAGR of 2.10% 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:

Global Electric Shovel Market 2015-2019

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Vendors

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

Global Electric Shovel Market 2015-2019

Caterpillar

Hitachi Construction Machinery

Komatsu

Caterpillar was established in 1925 as Caterpillar Tractor in California, US and changed its name to Caterpillar in 1986. It is headquartered in Peoria, Illinois, US. It is the global leading manufacturer of heavy construction and mining equipment, industrial gas turbines, and diesel-electric locomotives.

Hitachi Construction Machinery was incorporated in the year 1970 and it is headquartered in Tokyo, Japan. It operates as a subsidiary of Hitachi. Hitachi Construction Machinery engages in the design, manufacturing, sales and services of construction equipment, transportation equipment, and other machines and services.

Komatsu was incorporated in 1921 and is headquartered in Tokyo, Japan. Komatsu engages in the design, manufacturing and selling of wide range of industrial products and services. The company focuses on providing safe and innovative products to fulfil customers' expectations.

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Market Landscape• Electric shovels are customized versions of excavators that are utilized for specific

purposes such as digging and loading of extracted minerals on trucks and other material handling equipment.

• An analysis of historical data illustrates that the sales of such equipment have remained fairly constant globally; this is mainly because of the limited operations of the equipment in the market.

• APAC is expected to hold the largest share of the market during the forecast period mainly because of the growing mining activities in this region.

• The market share of APAC was 64% of the global electric shovel market in 2014.

• The majority of the countries in APAC are in their developing phase; thus the focus is shifting from necessary to luxury products such as technologically advanced electronics that are mineral based.

• This is acting as a major catalyst for the mining industry.

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Key Buying CriteriaGuest Bloggers

Parameter Details

Quality The finished quality and the strength of the electric shovels

Technology The use of advanced technology in the electric shovels

Safety Features The safety features included in the electric shovels to prevent accidents

After-sales Support

The service network of the company to be able to provide round-the-clock service with minimal turnaround time for resolving issues

Financing The availability of financing options for the purchase of electric shovels

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Global Electric Shovel Market 2015-2019

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