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Covered in this Report
• This report covers the present scenario and the growth prospects of the Excavator Market in China for the period 2015-2019.
• The market is divided into the following segments: Crawler/Wheeled Excavators and Mini/Compact Excavator.
• Technavio's report, Excavator Market in China 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 also includes a discussion of the key vendors operating in this market.
Excavator Market in China 2015-2019
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Market Overview• Excavators are used for demolition, lifting of heavy
objects, and for digging purposes.
• There are two types of excavators: wheeled or crawler excavators and mini/compact excavators.
• Wheeled excavators are used for large construction projects, whereas mini excavators are utilized at mining sites.
• The demand for excavator is likely to increase in China because of the emergence of large-scale projects in the Railways and Oil and Gas sectors and construction of new cities.
• Technavio's analysts forecast the Excavator Market in China to grow at a CAGR of 10.09 percent over the period 2014-2019.
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Key Vendors and Regions
• Guangxi LiuGong Machinery
• Sany Group
• XCMG Construction Machinery
• ZOOMLION
• Caterpillar
• Hitachi Construction Machinery
• Komatsu
View Our Report: Excavator Market in China 2015-2019
• China
Vendors Regions
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Key Findings• Construction equipment manufacturers are emphasizing the development of energy-
efficient equipment, which will cause less damage to the environment.
• The government of China is also urging vendors to adhere to the non-road emission standards.
• Equipment manufacturers are emphasizing product differentiation because of the huge competition in the market.
• High investment in R&D is required to survive competition and gain a competitive advantage over other players in the market.
• Ownership of construction equipment such as excavators involves high cost.
• Construction companies, especially SMEs, face budget constraints in the ownership of excavators.
• Hence, there is significant growth in the rental business of construction equipment, especially excavators.
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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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Excavator Market in China 2015-2019
56 Pages | SKU: IRTNTR5678
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