DUBLIN, May 06, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/z9z32t/earthmoving) has announced the addition of the "Earthmoving Equipment Market in the UAE 2015-2019" report to their offering.
The Earthmoving Equipment market in the UAE to grow at a CAGR of 7.99% over the period 2014-2019
Earthmoving equipment is used for moving large amounts of earth, digging, laying foundations, and landscaping. Broadly, earthmoving equipment are classified into three segments: Construction Tractors, Loaders, and Excavators. The Earthmoving Equipment market is one of the major segments of the Construction Equipment market worldwide.
The growth of equipment rental business is one of the key trends being witnessed in the market. High prices of earthmoving equipment make it necessary for vendors to provide them on rent as a cost-effective solution for customers.
According to the report, upcoming Dubai World Expo 2020 is one of the major factors propelling market growth. The number of tourists traveling to the UAE is expected to increase because of the upcoming mega event, which increases the demand for infrastructure.
Further, the report states that high prices of raw materials are one of the key challenges that the market faces. Manufacturing earthmoving equipment requires high initial investment and increase in prices of raw materials increases the manufacturing cost of equipment.
- Volvo Group
Other Prominent Vendors
- Hitachi Construction Machinery
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Industry Overview
- Market Landscape
- Market Segmentation by Type
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- rends and their Impact
- Vendor Landscape
- Key Vendor Analysis
- Market Summary
For more information visit http://www.researchandmarkets.com/research/z9z32t/earthmoving
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets