May 11 2015
The earthmoving equipment market in Mexico is expected to grow at a CAGR of nearly 8% from 2015-2019, thanks to widespread recovery of the construction industry, says research firm Technavio.
About the Report
The global economic crisis had a significant negative impact on construction in Mexico from 2011-2013. However, thanks to the implementation of the National Infrastructure Plan (NIP) 2013-2018, the market has been showing signs of recovery.
“Infrastructure projects require a continuous supply of earthmoving equipment for efficient implementation and timely completion. An increase in infrastructure projects increases the demand for earthmoving equipment,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also draws attention towards the emergence of equipment rental services, which is expected to fuel market growth during the forecast period.
To meet the growing demand for earthmoving equipment in Mexico, many leading vendors like Caterpillar and Volvo Construction Equipment are offering earthmoving equipment on a rental basis to their customers.
Market Scope and Calculation of Market Size
The report covers the present scenario and the growth prospects of the earthmoving equipment market in Mexico from 2015-2019. The market size is determined by the consumption value of earthmoving equipment and the growth prospects of the earthmoving equipment market in Mexico are estimated after an analysis of the present condition of the market.
Key Information Covered in the Report:
- Key Vendors:
- Caterpillar Inc.
- JCB Ltd.
- Sany Group Ltd.
- Volvo Construction Equipment AB
- Market Growth Drivers:
- Recovery of Construction Industry
- For a full detailed list, view our report.
- Market Challenges:
- High Raw Material Prices
- For a full detailed list, view our report.
- Market Trends:
- Emergence of Equipment Rental Services
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the earthmoving equipment market:
- Earthmoving Equipment Market in the UAE 2015-2019
- Earthmoving Equipment Market in South America 2014-2018
If you are interested in more information, please contact our media team at [email protected].
Source: http://www.technavio.com/