Germany Earthmoving Equipment Market 2015-2019 with Caterpillar, JCB, Komatsu & Volvo Group Dominating

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May 06, 2015, 06:28 ET

DUBLIN, May 06, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/6qm5mr/earthmoving) has announced the addition of the "Earthmoving Equipment Market in Germany 2015-2019" report to their offering.

The Earthmoving Equipment market in Germany to grow at a CAGR of 3.96% over the period 2014-2019

Earthmoving equipment is used for moving large amounts of earth, digging to lay foundations, and landscaping. Broadly, earthmoving equipment can be classified into three segments; Construction Tractors, Loaders, and Excavators. The Earthmoving Equipment market is one of the major segments of the Construction Equipment market.

This report covers the present scenario and the growth prospects of the Earthmoving Equipment market in Germany for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of earthmoving equipment in Germany including construction tractors, excavators, and loaders.

One major trend being witnessed in this market is the growth of the equipment rental business. Vendors are providing equipment on a rental basis, because of the high prices of earthmoving equipment, as it is cost-effective for customers.

According to the report, recovery of the Construction market in the country is one of the major drivers of the Earthmoving Equipment market in Germany. The Construction market in Germany is witnessing high investments in the Residential Construction sector, which boosts the Infrastructure sector as well. This has driven demand for earthmoving equipment in the country.

Further, the report states that the rising manufacturing and ownership costs of earthmoving equipment hinder growth of the market. Manufacturing this equipment requires high initial investment. With an increase in the prices of raw materials, manufacturing costs of this equipment increases and profit margins of manufacturers reduce.

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