Reportstack Announces the Publication of its Research Report - Earthmoving Equipment Market in North America 2014-2018. The following companies are the key players in Earthmoving Equipment Market in North America: AB Volvo, Caterpillar Inc., JC Bamford Excavator Ltd., Komatsu Ltd. , Doosan Infracore Co. Ltd., Hitachi Construction Machinery Co.Ltd., Hyundai Heavy Industries Co. Ltd., Liebherr Group, Liugong Machinery Co., Mitsubishi Heavy Industries Ltd.,Sany Group Co. Ltd., Terex Corp., Zoomlion Heavy Industry Science & Technology Co.
“Many organizations across the industry prefer the latest earthmoving equipment technology to improve their productivity, but some SMEs find this difficult to buy because of high cost. To curb this, vendors are offering earthmoving equipment such as excavators, wheel loaders, and bulldozers on a rental basis. This allows cost-driven organizations to opt for the latest earthmoving equipment at minimal cost, thereby improving their operational productivity. Thus, the option of renting encourages customers to use a wide range of earthmoving equipment.”
According to the report, the need to revamp existing infrastructure is a major driver because of requirements to reconstruct old infrastructure considering the probability of natural calamities that occur in North America. Further, the report states that one of the major challenges is the high cost of earthmoving equipment because these are capital goods and with the emergence of new and innovative technology, the prices are rising significantly.
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. For further information on this report, please visit http://www.reportstack.com/product/152446/earthmoving-equipment-market-in-north-america-2014-2018.html