Reportstack has announced a new market research publication on Excavator Market in China which finds the Road and Rail Industry use more than 30 percent of this market. The analysis is for the forecast period 2014-2018.
As per research analysis, the Road and Rail industry in China uses a major portion of the excavators for construction activities such as highways, railways, and other roadways. China is spending huge amounts of money on developing its transportation infrastructure such as expressways and high-speed train networks to build a robust infrastructure for future. Municipal Industry, Mining Industry and others like Agriculture, Water, and Hydroelectric industries are also using excavators in a big way for development of the overall economy.
As such, many domestic players are involved in this business with companies like Sany Group and Komatsu, a Japanese multinational company leading the overall market. There are currently more than 25 domestic excavator manufacturers in China and this number will be increasing in the future, as dependence on foreign player’s decreases.
To determine the scenario for these vendors 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 segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To view the table of contents and know more details please visit http://www.reportstack.com/product/150767/excavator-market-in-china-2014-2018.html