Reportstack has announced a new market research report on the Earthmoving Equipment Market in Saudi Arabia 2015-2019, which is expected to grow at a CAGR of 12.24 percent during the forecast period of 2014-2019.
“Given the uncertainty surrounding the Construction market, firms are hesitating to invest in new equipment which has resulted in manufacturers promoting their equipment through rentals,”.
“The lease period is often less than the average lifetime of the equipment. This allows construction companies the use of high-cost earthmoving equipment without major monetary investments and contributes to the profits of earthmoving equipment manufacturers.”
Key Market Drivers
Sustained Growth of Construction Industry
Need to Replace Dated Earthmoving Equipment
Growth of Tourism Industry\
Complete report with TOC available @ Earthmoving Equipment Market in Saudi Arabia 2015-2019.
Key Market Trends
Growth in Equipment Rental Business
Rise in Demand for Energy-efficient Equipment
Availability of Attractive Financing Options
Key Market Vendors
J.C. Bamford Excavators Ltd. (JCB)
To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
Reportstack is one of the leading distributors of market research reports in the world today. We host more than 200,000 research products from the world's top publication houses. These publications are distributed amongst 12 top industry verticals and 62 sub verticals, which are then further classified into 257 business categories and 5000 micro markets. The vast selection criterion provides granular data from the length and breadth of all these industries delivering Reportstack members with cutting edge research products to facilitate strategic business decisions.
Manager - Marketing
Reportstack Market Research