Jan 7 2015
Research and Markets has announced the addition of the "Excavator Market in Indonesia 2014-2018" report to their offering.
The Excavator Market in Indonesia to grow at a CAGR of 11.3% over the period 2013-2018
Excavators are used to excavate, discharge, or elevate materials with the help of a bucket fitted to the boom. These are self-propelled machines which run using crawlers or wheels. These are highly versatile heavy construction machinery and are used for various applications such as below and above ground level operations which include land levelling, trench digging, and well sinking.
One major trend upcoming in this market is the growth of the Equipment Rental business. Vendors are providing equipment on a rental basis, which is proving cost-effective for customers because of the high prices of excavators.
According to the report, one of the key factors driving the market is the rapid growth of the Construction industry. The substantial growth of this market stems from a rise in the number of construction projects in Indonesia, which has escalated the demand for excavators.
Further, the report states that the high price of excavators is one of the key challenges in the market. The manufacturing of excavators requires a high level of initial investment. When raw material prices rise, the cost of manufacturing excavators also increases, which leads to a decline in the profit margin of manufacturers.
Key Vendors
- Caterpillar Inc.
- Hitachi Construction Machinery Co.
- Kobelco Construction Machinery Co. Ltd.
- Komatsu Ltd.
Source: http://www.researchandmarkets.com/