Excavator Market in Spain 2015-2019 - Recovering Housing Sector with Caterpillar, Hitachi, KESA & Liebherr Group Dominating

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Jul 14, 2015, 07:06 ET

DUBLIN, July 08, 2015 /PRNewswire/ --

Research and Markets(http://www.researchandmarkets.com/research/fzg9fl/excavator_market) has announced the addition of the "Excavator Market in Spain 2015-2019" report to their offering.

Excavators are used for demolition, lifting of heavy objects, and digging. These are self-propelled machines that run using crawlers or wheels. They are highly versatile heavy construction machinery and are used for various applications such as below and above-ground-level operations including land levelling, trench digging, and well sinking.

PITVI, the government initiative to improve transportation and housing infrastructure, began in 2012 and is due to be completed in 2024. The government plans to implement 1,000 miles of railway network during the period 2012-2024. In the housing sector, this plan helped Barcelona recover from the economic crisis.

According to the report, the period 1996-2008 saw a slowing down of housing construction activities. However, the sector is recovering and projects that had been abandoned in the housing sector are currently under construction. Barcelona is the only city in Spain to realize higher profits in residential construction projects, attracting domestic construction companies to invest and expand. The rebound in the housing sector will drive the demand for the excavator market in Spain.

Further, the report states that the high initial investment required to manufacture the equipment affects the cost of ownership of earthmoving equipment, further reducing the profit margin of manufacturers.

Key Vendors

- Caterpillar
- Hitachi
- KESA
- Liebherr Group

Other Prominent Vendors

- JCB
- Kobelco Construction Machinery Europe
- Volvo

Key Topics Covered: