Research and Markets: Earthmoving Equipment Market in UK 2015-2019 with Caterpillar, Hydrema Group, Liebherr Group & Volvo Construction Equipment Dominating
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/k5jxlv/earthmoving) has announced the addition of the “Earthmoving Equipment Market in UK 2015-2019” report to their offering.
The earthmoving equipment market in the UK to grow at a CAGR of 6.31% during 2014-2019.
The report, Earthmoving Equipment Market in the UK 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 includes a discussion of the key vendors operating in this market.
Owning construction equipment involves a substantial investment. Construction companies, especially SMEs, face budget constraints, making it difficult for them to purchase earthmoving equipment. This is leading to significant growth in the rental business for earthmoving and other construction equipment in the UK. Earthmoving equipment can be leased on a daily or yearly basis. This allows construction companies to use expensive earthmoving equipment without major monetary investments. The average lifetime of the equipment is more than its lease period.
According to the report, infrastructure development includes the construction and upgrading of ports, railways, roads, and utilities such as water, electricity, and gas. Increased investment in infrastructure is likely to fuel the growth of the earthmoving equipment market during the forecast period.
Further, the report states that the equipment manufacturers have to cope with changing customer needs owing to the development of the construction industry in the UK.
The market is divided into the following segments:
- Construction tractors: bulldozers and wheeled tractors
- Excavators: crawler/wheeled excavators and mini excavators
- Loaders: backhoe loaders, backhoe loaders, and skid-steer loaders
- Hydrema Group
- Liebherr Group
- Volvo Construction Equipment
Other prominent vendors:
- Hitachi Construction Machinery
For more information visit http://www.researchandmarkets.com/research/k5jxlv/earthmoving
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Sector: Excavation and Earthmoving Equipment