Excavator Market in Russia 2015-2019 - New Market Research Report

From: Fast Market Research, Inc.
Published: Sun Aug 30 2015

Fast Market Research announces the availability of Technavio's new report "Excavator Market in Russia 2015-2019" on their comprehensive research portal.

Excavators are used to unearth, transport, and unload materials with the help of a bucket fitted to a boom. They move on crawlers or wheels. Excavators are versatile heavy construction machines used for below- and above-ground operations, including land leveling, digging trenches, and sinking wells.

Technavio's analysts forecast the excavator market in Russia to grow at a CAGR of 6.54% over the period 2014-2019.

Get More Details on this Report and a Full Table of Contents at Excavator Market in Russia 2015-2019

Commenting on the report, an analyst from Technavio’s team said: "Growing popularity of the energy-efficient equipment is a key trend observed in this market. Construction companies in Russia are focusing extensively on sustainable development practices such as green building construction. Certifications for green buildings in Russia are provided by LEED and BREEAM. This requires minimization of emissions and pollution throughout the lifecycle of the project."

According to the report, the rising need for replacing old excavators is a market driver that is expected to influence the market positively. To meet rising demand for fast and superior-quality infrastructure construction, construction companies in Russia have begun to replace their outdated excavators with energy-efficient, powerful, and low-emission equipment.

Further, the report states that increasing instances of corruption in the construction market is a challenge faced by this market. Russia has been acting as the host country for various international mega events. It hosted the Winter Olympics of 2014 and is preparing for the FIFA World Cup, to be hosted in 2018. However, these events have become a medium for unauthorized earnings by construction contractors.

The key players in the Excavator Market in Russia are Caterpillar Inc., Hitachi Ltd., Komatsu Ltd., and Liebherr International. while other prominent vendors include Kobelco Construction Machinery Europe B.V., John Deere, and JCB.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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