Excavator market in malaysia to grow at a CAGR of 7.36% over the period 2014-2019
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About Excavators
The excavator market in Malaysia grew by 6.10% in 2014 due to increased investment and government spending on infrastructure development in the construction sector. The ETP program launched in 2010 has triggered investment opportunities in the construction market. According to the Department of Statistics, Malaysia, the number of construction projects as of Q1 of 2015 were 9,982 compared to 9,774 in Q1 of 2014. According to Technavio, the construction market in Malaysia was valued at $34.36 billion and we estimate the market to grow at a CAGR of 8.92% during the period 2014-2019. In addition, the government is also encouraging private participation (private investment increased at an annualized rate of 14% for the period 2011-2014) across industries under the ETP program. This is expected to boost construction activities, thereby driving market growth.
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Technavio's analysts forecast the excavator market in malaysia to grow at a CAGR of 7.36% over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the excavator market in Malaysia for the period 2015-2019. The market size has been calculated based on the total revenue generated from the sale of excavators in Malaysia. It does not consider the sale of used equipment or the revenue generated from contracts and maintenance.
The report also presents a detailed analysis of four key vendors and their share in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Key Vendors
Caterpillar
Hitachi Construction Machinery
JCB
Komatsu
Other Prominent Vendors
EIK Engineering
Volvo Group
Zoomlion Heavy Industry Science and Technology
Market Driver
Growth in Residential Construction
For a full, detailed list, view our report
Market Challenge
Stringent Emission Control Regulations
For a full, detailed list, view our report
Market Trend
Emergence of Equipment Rental Services
For a full, detailed list, view our report
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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?
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