earthmoving equipment market in south korea 2015-2019
TRANSCRIPT
Covered in this Report• This report covers the present scenario and the
growth prospects of the earthmoving equipment market in South Korea for the period 2015-2019.
• It also includes historical sales of earthmoving equipment in the construction equipment market in South Korea.
• In this report, the market size is determined by the consumption value of earthmoving equipment and the growth prospects of the earthmoving equipment market in South Korea is estimated after an analysis of the present condition of the market.
• In addition, the report discusses the major drivers influencing the growth of the market, and the major challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Earthmoving Equipment Market in
South Korea 2015-2019
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Market Overview
• Earthmoving equipment refers to heavy equipment used in the construction industry to move large amounts of earth, dig foundations for buildings, and to landscape areas.
• The various types of earthmoving equipment include excavators, loaders, and construction tractors.
• The earthmoving equipment market is one of the major segments of the construction equipment market.
• Technavio's analysts forecast the earthmoving equipment market in South Korea to grow at a CAGR of 6.53% over the period 2014-2019.
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Equipment Market in South Korea 2015-2019,
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Key Vendors and Regions
• Doosan Infracore
• HHIE
• Kubota
• Sunward
• Caterpillar
• Komatsu
• Liebherr Group
• Volvo
View Our Report: Earthmoving Equipment Market in South Korea 2015-2019
• South Korea
Vendors Regions
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Key Findings• The government of South Korea has been increasing the investment being made
in the construction sector.
• It aims at improving the infrastructure scenario of the country.
• It is also focusing on improving road and rail networks by enhancing their coverage. Ownership of construction equipment involves huge initial investment.
• Construction companies, especially SMEs, face budget constraints in ownership of earthmoving equipment.
• This has resulted in manufacturers promoting their equipment through rentals. To meet the growing demand for earthmoving equipment in South Korea, leading vendors such as Caterpillar and Volvo are offering rental services to their customers.
• Construction companies worldwide are focusing extensively on sustainable practices.
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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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Earthmoving Equipment Market in South Korea 2015-2019
67 Pages | SKU: IRTNTR6346
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