Reportstack Announces the Publication of its Research Report - Excavator Market in China 2014-2018. The following companies are the key players in Excavator Market in China: Caterpillar Inc., Hitachi Construction Machinery Co., Komatsu Ltd., Sany Group.
“Though several organizations across industries prefer the latest construction equipment technology to improve their productivity, several SMEs find it difficult to buy such equipment due to the high cost. The increasing competition among vendors is also forcing vendors to differentiate themselves by providing innovative and value-added services. Therefore, construction equipment vendors are offering excavators on lease. This allows cost-driven organizations in developing countries to opt for the latest construction equipment at minimal cost, thereby improving their operational productivity. Thus, the option of renting construction equipment encourages customers to use a wide range of excavators.”
According to the report, most major vendors in the Excavator market in China such as Komatsu Ltd. and Caterpillar Inc. are foreign vendors. These foreign companies are making huge investments through the establishment of state-of-the-art manufacturing facilities, or by forming alliances with the existing local players or marketing companies. For instance, Caterpillar Inc. invested in 23 manufacturing facilities in China through Caterpillar (China) Investment Co. Ltd. to increase its investment in China. These investments are expected to help the growth of the market in the forecast period.
Further, the report states that one of the major challenges is the lack of product differentiation, which is needed to survive in the market's present competitive scenario.
Further, the report states that one of the major challenges is the lack of product differentiation, which is needed to survive in the market's present competitive scenario.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/150767/excavator-market-in-china-2014-2018.html
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