Apr 1 2014
Research and Markets has announced the addition of the "Construction Equipment Market in Brazil 2012-2016" report to their offering.
The analysts forecast the Construction Equipment market in Brazil to grow at a CAGR of 15.12 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to reduce infrastructure construction time. The Construction Equipment market in Brazil has also been witnessing an increase in the adoption of construction equipment on a rental basis. However, the increased cost of construction equipment could pose a challenge to the growth of this market.
The key vendors dominating this market space include Caterpillar Inc., CNH Global N.V., J C Bamford Excavators Ltd., JLG Industries Inc., Komatsu Ltd., and Volvo AB.
The other vendors mentioned in this report are Bobcat Co., Dynapac Compaction Equipment AB, Liebherr Group, Proton Construction Corp., Randon Construction Corp., and Sany Group.
Commenting on the report, an analyst from the Engineering team said: Despite the advantages of the effective deployment of construction equipment, the high price of construction equipment hinders its adoption among small and medium-sized enterprises. Therefore, some construction equipment vendors have started offering equipment such as forklifts, backhoes, and wheel loaders on a rental basis. This allows cost-driven organizations in Brazil to opt for the latest technology construction equipment at minimal cost, thereby improving their operational productivity. Therefore, the availability of construction equipment on a rental basis encourages customers to use a wide range of construction equipment.
According to the report, a major driver in this market is that the effective deployment of construction equipment allows organizations to reduce their construction time significantly and also enables them to optimize their operation costs.
For more information visit http://www.researchandmarkets.com/research/twd328/construction
Source: http://www.researchandmarkets.com/