Earthmoving Equipment Market in the UK – Trends, Forecast & Growth Prospects Unveiled by Technavio

Hydrema, Liebherr, and Caterpillar are three key vendors highlighted in a new Technavio report

LONDON--()--Technavio has published a new report on the earthmoving equipment market in the UK, which is expected to grow at a CAGR of more than 6% from 2015-2019.

Earthmoving equipment market segmentation by type

Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different types, including loaders, construction tractors, and excavators.

The new report by Technavio also emphasizes the growth of equipment rental businesses, as owning construction equipment involves a substantial investment. Construction companies, especially SMEs, face budget constraints, making it difficult for them to purchase earthmoving equipment.

“Earthmoving equipment can be leased on a daily or yearly basis, which allows construction companies to use expensive earthmoving equipment without major monetary investments. This trend is leading to a significant growth in the rental business for earthmoving and other construction equipment in the UK,” says Faisal Ghaus, Vice President of Technavio.

Earthmoving equipment: Market scope and calculation of market size

This report covers the present scenario and growth prospects for the earthmoving equipment market in the UK from 2015-2019. To calculate the market size, we considered the consumption value of earthmoving equipment in the UK and segmented consumption value on the basis of three major types of earthmoving equipment.

Industry analysis includes:

  • Key Vendors:
    • Hydrema
    • Liebherr
    • Caterpillar
    • Volvo Construction Equipment
  • Market Growth Drivers:
    • Increased investment in infrastructure
    • Replacement of dated earthmoving equipment
  • Market Challenges:
    • Growing customer needs
    • High price of raw materials
  • Market Trends:
    • Growth of equipment rental business
    • Rise in demand for energy-efficient equipment

View the earthmoving equipment market in the UK report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the earthmoving equipment market:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
US: +1-630-333-9501
UK: +44-208-123-1770
Media & Marketing Executive
www.technavio.com
media@technavio.com

Release Summary

Technavio has published a new report on the earthmoving equipment market in the UK, which is expected to grow at a CAGR of more than 6% from 2015-2019.

Contacts

Technavio Research
Jesse Maida
US: +1-630-333-9501
UK: +44-208-123-1770
Media & Marketing Executive
www.technavio.com
media@technavio.com