By Nick Gilbert
The new report “Construction Equipment Market in China 2011-2015” is the latest addition to Research and Markets’ portfolio.
TechNavio researchers predict that the building equipment market in China will develop at a CAGR of 28.4% during the 2001-2015 timeframe. An important constituent that will be a reason for the development will be the demand for quicker infrastructure construction. Construction equipment that can be leased is on the rise in the construction equipment market in China of late. However, the elevated costs of construction supplies may be a hindrance to the development of the market.
A researcher from TechNavio’s group of engineers mentioned that in the recent past, there has been a speedy surge in competition among construction equipment dealers. This surge in competition will result in reduction of prices of construction supplies. This will lead to a tug-of-war regarding prices by the participants in the market. Besides, the cost of manufacturing construction equipment is falling due to improvement in technology and due to the large number of suppliers and their different pricing schemes aimed at garnering a bigger share of the market. Also, suppliers are concentrating on the development of products that are economically priced to target the small-scale industrial segment.
The main questions that are answered in the report are:
- What will the market size in 2015 and what will be its degree of growth?
- What are the main factors that will affect this market?
- What are the hindrances to the market development?
- Who are the main participants in the market?
- What are the pluses and minuses of major vendors?