Excavator Market in China 2014-2018
- ID: 2768600
- February 2014
- Region: China
- 49 Pages
The analysts forecast the Excavator Market in China will grow at a CAGR of 9.28 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increased investment from foreign players. The Excavator Market in China has also been witnessing an increase in the number of mergers and acquisitions. However, the lack of product differentiation could pose a challenge to the growth of this market.
The report, Excavator Market in China 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on China, covering the Excavator market in China landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this space are Caterpillar Inc., Hitachi Construction Machinery Co., Komatsu Ltd., and Sany Group.
The other vendors mentioned in the report are Chongqing Qinniu Construction Machinery Co. Ltd., Dasin Heavy Machinery Co. Ltd., Doosan Group, Foton Lovol International Heavy Industry Co. Ltd., Guangxi Kaiyuan Machinery Manufacturing Co. Ltd., Guizhou Jonyang Kinetics Co. Ltd., Hunan Sunward Intelligent Machinery Co. Ltd., Ingersoll-Rand plc, JCB (Shanghai) Construction Machinery Co., Ltd., Jiangxi Nante Construction Machinery Co. Ltd., Kato Works Co. Ltd., Kobelco Construction Machinery Co. Ltd., Shandong Joyo Construction Co. Ltd., Shandong Lishide Machinery Co. Ltd., Takeuchi Qingdao Construction Machinery Co. Ltd., Terex Corp., Volvo Construction Equipment Co. Ltd., World Group, XCMG, Xiamen XGMA Construction Machinery Co. Ltd., and Zhejiang Hero Time Machinery Co. Ltd.
Key questions answered in this report:
- What will the market size be in 2018 and at what rate will it grow?
- 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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01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
06. Market Landscape
06.1 Market Size and Forecast
06.2 Five Forces Analysis
07. End-User Segmentation
08. Buying Criteria
09. Market Growth Drivers
10. Drivers and their Impact
11. Market Challenges
12. Impact of Drivers and Challenges
13. Market Trends
14. Trends and their Impact
15. Vendor Landscape
15.1 Competitive Scenario
15.2 Market Share Analysis 2013
15.3 Other Prominent Vendors
16. Key Vendor Analysis
16.1 Caterpillar Inc.
16.1.1 Business Overview
16.1.2 Key Information
16.1.3 SWOT Analysis
16.2 Doosan Group
16.2.1 Business Overview
16.2.2 Business Segmentation
16.2.3 Key Information
16.2.4 SWOT Analysis
16.3 Hitachi Construction Machinery Co. Ltd
16.3.1 Business Overview
16.3.2 Business Segmentation
16.3.3 Key Information
16.3.4 SWOT Analysis
16.4 Komatsu Ltd.
16.4.1 Business Overview
16.4.2 Business Segmentation
16.4.3 Key Information
16.4.4 SWOT Analysis
16.5 Sany Group Co. Ltd.
16.5.1 Business Overview
16.5.2 Key Information
16.5.3 SWOT Analysis
17. Other Reports in this Series
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Excavator Market in China 2013-2018 (US$ billion)
Exhibit 3: Excavator Market in China 2013-2018 (Unit Shipment)
Exhibit 4: Excavator Market in China by End-User Segmentation 2013
Exhibit 5: Excavator Market in China by Vendor Landscape 2013
Exhibit 6: Excavator Market in China by Domestic and Foreign Vendors 2013
Exhibit 7: Revenue Generation of Hitachi Construction Machinery Co. Ltd in 2013
Exhibit 8: Revenue Split-Up by the segments of Komatsu Ltd. 2013
Commenting on the report, an analyst from the team said: “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.
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.
- Caterpillar Inc.
- Chongqing Qinniu Construction Machinery Co. Ltd.
- Dasin Heavy Machinery Co. Ltd.
- Doosan Group
- Foton Lovol International Heavy Industry Co. Ltd.
- Guangxi Kaiyuan Machinery Manufacturing Co. Ltd.
- Guizhou Jonyang Kinetics Co. Ltd.
- Hitachi Construction Machinery Co.
- Hunan Sunward Intelligent Machinery Co. Ltd.
- Ingersoll-Rand plc
- JCB (Shanghai) Construction Machinery Co.
- Jiangxi Nante Construction Machinery Co. Ltd.
- Kato Works Co. Ltd.
- Kobelco Construction Machinery Co. Ltd.
- Komatsu Ltd.
- Sany Group.
- Shandong Joyo Construction Co. Ltd.
- Shandong Lishide Machinery Co. Ltd.
- Takeuchi Qingdao Construction Machinery Co. Ltd.
- Terex Corp.
- Volvo Construction Equipment Co. Ltd.
- World Group
- Xiamen XGMA Construction Machinery Co. Ltd.
- Zhejiang Hero Time Machinery Co. Ltd.