DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3zzppw/earthmoving) has announced the addition of the "Earthmoving Equipment Market in South America 2014-2018" report to their offering.
Although many organizations would like to have the latest earthmoving equipment technology to improve their productivity, some SMEs find it difficult to buy such equipment because of their high cost. Hence, construction companies focus more on renting the equipment rather than buying it, as the chances of the equipment being idle when there is no business is moderate. Moreover, companies that rent earthmoving equipment do not incur high maintenance cost for such machines. Construction companies prefer to rent the equipment for a fixed duration. Increased competition among vendors is also forcing vendors to differentiate themselves by providing innovative value-added services.
Therefore, earthmoving equipment vendors offer excavators, wheel loaders, and bulldozer tractors on a rental basis. This allows cost-driven organizations in developing countries to choose the latest earthmoving equipment at minimal cost and enhance operational productivity.
According to the report, the need to reduce infrastructure construction time is one of the major drivers in the Earthmoving Equipment market in South America. Since the capital required for infrastructure projects is high, companies cannot afford to incur losses by the slow progression of these projects.
The Earth Moving Equipment market in South America can be divided into three main product segments:
- Excavators (Crawlers/Wheeled Excavators, Mini Excavators)
- Loaders (Crawler/Wheeled/Compact Loaders, Skid-Steer Loaders)
- Tractors (Bulldozer/Crawlers Tractors, Wheeled Tractors).
Key Vendors
- Caterpillar Inc.
- Hitachi Construction Machinery Ltd.
- JC Bamford Excavator Ltd.
- Komatsu Ltd.
- Volvo AB
Other Prominent Vendors
- Doosan Infracore Co. Ltd.
- Hyundai Heavy Industries Co. Ltd.
- Liebherr Group
- Liugong Machinery Co.
- Mitsubishi Heavy Industries Ltd.
- Sany Group Co. Ltd.
- Terex Corp.
- Zoomlion Heavy Industry Science & Technology Co.
Key Questions Answered in this Report
- What will the market size be in 2018 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?
For more information visit http://www.researchandmarkets.com/research/3zzppw/earthmoving
