Volvo Construction Equipment is one of the leading players in the Saudi Arabia construction market.
Volvo Construction Equipment is one of the leading players in the Saudi Arabia construction market.
Volvo Construction Equipment is one of the leading players in the Saudi Arabia construction market.
Volvo Construction Equipment is one of the leading players in the Saudi Arabia construction market.
Volvo Construction Equipment is one of the leading players in the Saudi Arabia construction market.

Saudi Earthmoving Jumping, Study Says

March 24, 2015
Earthmoving equipment is expected to grow at a compound adjusted growth rate of 12.24 percent between 2014 and 2019 according to a report called “Earthmoving Equipment Market in Saudi Arabia 2015-2019 by Market Research Store.

Earthmoving equipment is expected to grow at a compound adjusted growth rate of 12.24 percent between 2014 and 2019 according to a report called “Earthmoving Equipment Market in Saudi Arabia 2015-2019" by Market Research Store. Sustained growth of the construction industry is driving the market as the government of Saudi Arabia has been investing heavily in infrastructure development and maintenance, and is expected to maintain this development in the coming years.

The report said Caterpillar, JCB, Komatsu and Volvo AB are the leading players in the market, with Hitachi Construction Machinery and Liebherr Group playing prominent roles as well.

“The growth of equipment rental business is one of the key trends being witnessed in the market,” said a MRS analyst. “High prices of earthmoving equipment make it necessary for vendors to provide them on rent as a cost-effective solution for customers.”

The report adds that the high price of raw materials is a key challenge for the market. Manufacture of earthmoving equipment requires high initial investment and the increase in price of raw materials increases the manufacturing cost of equipment.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. It contains an analysis of the vendor landscape as well as a SWOT analysis of key vendors.

For further information or to order the report, visit: http://www.marketresearchstore.com/report/earthmoving-equipment-market-in-saudi-arabia-2015-2019-5040