excavator market in mexico 2015-2019
TRANSCRIPT
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Excavator Market in Mexico 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Excavator Market in Mexico 2015-2019,
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Key Trends
Technavio’s Senior Analyst says, “Construction companies in the country are making efforts to decrease their carbon footprint and are adopting sustainable practices, which has led to increased demand for energy-efficient excavators. This will affect the growth of the market positively in the forecast period.”
• An excavator is a highly versatile heavy construction machinery used for various applications such as below and above ground level operations, including leveling of land, digging of trenches, and sinking of wells. They excavate, move, or lift materials with the help of a bucket fitted to the boom. These are self-propelled machines that move using crawlers or wheels.
• Technavio's analysts forecast the excavator market in Mexico to grow at a CAGR of 6.2% over the period 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Excavator Market in Mexico 2015-2019
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Vendors
To understand the vendor landscape and for a full list of vendors view our report:
Excavator Market in Mexico 2015-2019
Caterpillar
JCB
Volvo Construction Equipment
Initially known as Caterpillar Tractor, it was renamed as Caterpillar Inc. in 1986. The company was founded in California, US. It is headquartered in Peoria, Illinois, US. It is the global leading manufacturer of heavy construction and mining equipment, industrial gas turbines, and diesel-electric locomotive.
JCB was established in 1945 and is headquartered in Staffordshire, UK. It is a family-run company that produces manufacturing equipment for the agriculture, demolition, and construction industries.
Volvo Construction Equipment, founded in 1832, is headquartered in Gothenburg, Sweden. It designs, produces, sells, finances, leases, and services new and used construction equipment.
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Market Landscape
• As of 2014, Mexico was ranked 61 out of 148 countries in the WEF GCI rankings for 2014-2015.
• To maintain competitiveness with other emerging economies, the government of Mexico has planned to upgrade the country's existing infrastructure along with focusing on developing new infrastructure.
• The government of Mexico has planned to invest more than $550 billion for development of infrastructure in the country during 2014-2018.
• A number of new infrastructure projects are planned for the forecast period. Some of the major ones are the new airport project for Mexico City, Mexico City-Toluca passenger train project, Atizapan-Atlacomulco highway project, and Tuxpan-Tampico highway project.
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Key Buying CriteriaGuest BloggersParameters Details
Quality Excavators should be sturdy and durable.
Technology Excavators should be equipped with the latest technology, such as GPS and real-time monitoring systems.
Financing The availability of financial support for the purchase of excavators is an important buying criteria.
Cost of Ownership Cost-effectiveness and fuel efficiency is an important buying criteria.
After-sales Support Companies should be able to provide round-the-clock service with minimal turnaround time.
Safety Features Excavators should be equipped with safety features to prevent accidents.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Excavator Market in Mexico 2015-2019
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