Excavator Market in Mexico Expected to Grow at 6% CAGR to 2019

An excavator is a highly versatile heavy construction machinery used for various applications such as below and above ground level operations, including leveling of land, digging of trenches, and sinking of wells. They excavate, move, or lift materials with the help of a bucket fitted to the boom. These are self-propelled machines that move using crawlers or wheels.

The analysts forecast the excavator market in Mexico to grow at a CAGR of 6.2% over the period 2014-2019.

Covered in this Report

The report covers the present scenario and the growth prospects of the excavator market in Mexico for 2015-2019. It also includes the historical sales of excavators in the construction equipment market in Mexico. The market size is determined by the consumption value of excavators, and the growth prospects of the market have been estimated after an analysis of the present condition of the market. In addition, the report discusses the major drivers influencing the growth of the market, the major challenges faced by vendors and the market at large, and the key trends emerging in the market.

Key Vendors

  • Caterpillar
  • JCB
  • Sany Group
  • Volvo Construction Equipment

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Other Prominent Vendors

  • Liebherr Group
  • Sumitomo Construction Machinery

Market Driver

  • Development of mining industry

Market Challenge

  • High manufacturing costs

Market Trend

  • Rise in demand for customized excavators

Key Questions Answered in this Report

  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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