DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/7nnjsq/global) has announced the addition of the "Global Earthmoving Equipment Market 2011-2015" report to their offering.
One of the key factors contributing to this market growth is the increase in infrastructure development across the world. The Global Earthmoving Equipment market has also been witnessing the increasing demand for rental earthmoving equipment. However, the increase in the total cost of ownership could pose a challenge to the growth of this market.
The key vendors dominating this market space are Caterpillar Inc., Komatsu Ltd., Volvo AB, and Sany Heavy Industry Co. Ltd.
The other vendors mentioned in the report are Hitachi Construction Machinery Co. Ltd., Doosan Group, Deere and Co., Hyundai Group, and Terex Corp.
Commenting on the report, an analyst from TechNavio's Automotive team said: ''One of the main trends is the increasing demand for rental earthmoving equipment. The total revenue from rental construction equipment is expected to increase further in the future, leading to the growth of the Global Earthmoving Equipment market. Thus, the future of the Global Earthmoving Equipment market looks promising with many innovative products and solutions being introduced by the vendors.''
According to the report, one of the major drivers is the growing Global Infrastructure market. The increase in infrastructure development around the world has led to increasing demand for earthmoving equipment, leading to the growth of the Global Earthmoving Equipment market.
Further, the report reveals that the increase in the total cost of ownership is a challenge faced by the market.
For more information visit http://www.researchandmarkets.com/research/7nnjsq/global