earthmoving equipment market in mexico 2015-2019
TRANSCRIPT
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Earthmoving Equipment 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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Market in Mexico 2015-2019,please mail us at
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Key Trends
Technavio’s Senior Analyst says, “The manufacturing of earthmoving equipment requires a high initial investment. The increasing prices of raw materials further increases manufacturing costs and adversely affects manufacturers' profit margins. The new emission control regulations introduced by the government of Mexico is also a challenge confronting the market growth. The high prices of earthmoving equipment make it necessary for vendors to provide them on a rental basis as a cost-effective solution for customers, which is a trend for the market growth.”
• Earthmoving equipment is used for moving large amounts of earth, digging, laying foundations, and landscaping. Broadly, earthmoving equipment are classified into three segments: construction tractors, loaders, and excavators. The earthmoving equipment market is one of the major segments of the construction equipment market worldwide.
• Technavio's analysts forecast the earthmoving equipment market in Mexico to grow at a CAGR of 7.7% 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:
Earthmoving Equipment 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:
Earthmoving Equipment Market in Mexico 2015-2019
Caterpillar
JCB
Sany Group
Caterpillar's construction equipment segment accounted for 11% of its overall revenue in FY2012. The company follows the strategy of focusing on extensive process renewal. The company operates in Mexico under the name Caterpillar SA de CV.
JCB is a British MNC, with headquarters in Rocester, Staffordshire, UK. The company primarily engages in manufacturing equipment for construction, demolition, and agriculture.
The Sany Group is a Chinese MNC engaged in the manufacturing of heavy earthmoving machinery. The company is the sixth largest heavy equipment manufacturer in the world. The company manufactures, sells, and supports construction and material-handling equipment, including crawler cranes, rough-terrain cranes, crawler excavators, container reach stackers, and empty-container handlers.
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Market Landscape
• The sustained economic growth, combined with the steady recovery of the construction industry, has led to an increase in the number of construction projects, especially infrastructure and residential projects, across the country.
• The government of Mexico is planning to increase the public spending on infrastructure projects such as roads, railways, airports, power, and water works.
• In addition, the government is focusing on improving the tourism infrastructure, which will further boost the construction market in the country.
• Construction equipment, including earthmoving equipment, is a prerequisite for effective implementation and timely completion of these projects, boosting the growth of the earthmoving equipment market.
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Key Buying CriteriaGuest Bloggers
• Authenticity • Delivery • Price• Service
Support
Parameters Details
Quality
Earthmoving equipment should be of optimum strength and quality.
Technology It should have advanced technology such as GPS and real-time monitoring systems.
Financing The availability of financial support for the purchase of earthmoving equipment is an important buying criteria.
After-sales Support
Companies offering earthmoving equipment should be able to provide around-the-clock service with minimal turnaround time.
Safety Features Machines 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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Earthmoving Equipment Market in Mexico 2015-2019
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