Earthmoving Equipment Market in Saudi Arabia 2014-2018

Reportstack Announces the Publication of its Research Report - Earthmoving Equipment Market in Saudi Arabia 2014-2018. The following companies are the key players in Earthmoving Equipment Market in Saudi Arabia: AB Volvo, Caterpillar Inc., JC Bamford Excavator Ltd., Komatsu Ltd., Doosan Infracore Co. Ltd., Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., Mitsubishi Heavy Industries Ltd., Sany Group Co. Ltd.

“The Earth Moving Equipment Rental market in Saudi Arabia is growing at a rapid rate. Construction companies are now focusing more on renting the equipment rather than buying it, as the chances of the equipment being idle when there is no business is moderate. Moreover, companies that rent earthmoving equipment do not incur high maintenance cost for such machines. Construction companies prefer to rent the equipment for a fixed duration. This has resulted in an increasing number of earthmoving equipment manufacturers providing rental services over the past few years. Companies such as Younes Fateh Khaja and Partners Contracting Co., Zahid Group, and Dayim Holdings provide earthmoving equipment on a rental basis for construction purposes. ”

According to the report, one of the major growth drivers in this market is the rapid growth of the Construction market. The increasing construction of skyscrapers is one of the major factors contributing to the growth of the Construction market in Saudi Arabia. Further, the report states that one of the challenges in this market is the high cost of earthmoving equipment. The price of earthmoving equipment has increased because of technological advancements and added safety features. Also, with the emergence of new and innovative technology, the price of this equipment has increased significantly.

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/155805/earthmoving-equipment-market-in-saudi-arabia-2014-2018.html