DUBLIN, Apr. 22, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/5pzsrh/construction) has announced the addition of the "Construction Equipment Market in the APAC Region 2014-2018" report to their offering.
The analysts forecast the Construction Equipment market in the APAC region to grow at a CAGR of 22.12 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing in investment in the infrastructure industry. The Construction Equipment market in the APAC region has also been witnessing an increase in adoption of construction equipment on a rental basis. However, the increasing cost of construction equipment could pose a challenge to the growth of this market.
The report, the Construction Equipment Market in the APAC Region 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the APAC region; it also covers Construction Equipment market in the APAC region landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Though several organizations across industries prefer latest construction equipment technology in order to improve their productivity, several SMEs find it difficult to buy such equipment because of the high cost. In addition, the increased competition among vendors is forcing vendors to differentiate themselves from other vendors by providing innovative and value-added services. Therefore, construction equipment vendors are offering equipment on lease.
Hence, some construction equipment vendors have started offering equipment such as excavators, wheel loaders, motor graders, crawler cranes, truck cranes, and truck mounted cranes on a rental basis. This allows cost-driven organizations in developing countries to opt for the latest technology construction equipment at minimal cost, thereby improving their operational productivity. Thus, the option of renting construction equipment encourages customers to use a wide range of construction equipment.
According to the report, the Infrastructure industry in key developing countries such as China, India, and South Korea is expected to attract a high level of investment based on its various planned construction projects to develop the countries' transportation, housing, and energy infrastructure facilities.
Further, the report states that a major challenge in the market is the increasing cost of construction equipment. The prices of construction equipment are increasing due to the rising prices of raw materials.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Product Segmentation
08. Geographical Segmentation
09. Construction Equipment Market in China
10. Construction Equipment Market in Japan
11. Construction Equipment Market in India
12. Construction Equipment Market in South Korea
13. Buying Criteria
14. Market Growth Drivers
15. Drivers and their Impact
16. Market Challenges
17. Impact of Drivers and Challenges
18. Market Trends
19. Trends and their Impact
20. Vendor Landscape
21. Key Vendor Analysis
22. Other Reports in this Series
- AB Volvo
- Caterpillar Inc.
- Chengdu Kobe Steel Construction Machinery Co. Ltd.
- Doosan Infracore (China) Co. Ltd.
- Guangxi Liugong Machinery Co Ltd.
- Guangxi Yuchai Machinery Group Co. Ltd.
- Hitachi Construction Machinery Co. Ltd.
- Hyundai Group
- Komatsu Ltd.
- Sany Group Co. Ltd.
- Sumitomo Heavy Industries Ltd.
- XCMG Group
- Xiamen XGMA Machinery Co. Ltd.
- Zoomlion Heavy Industry Science & Technology Development Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/5pzsrh/construction
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SOURCE Research and Markets