Boston, MA -- (SBWire) -- 09/15/2015 --Fast Market Research announces the availability of Technavio's new report "Bulldozer Market in France 2015-2019" on their comprehensive research portal.
Bulldozers are heavy construction equipment used in civil engineering during the construction of power plants, transport infrastructure, and high-rise buildings as well as in the mining industry.
The demand for bulldozers is increasing at a moderate pace in France. The market is driven by an increase in construction activities, particularly after a slowdown in 2013 and 2014 owing to a weak macro-economic environment. The French government is focusing on the development of transport infrastructure. Apart from this, it is also looking to reduce its nuclear energy consumption by 50% by 2050 with a focus on the development of renewable energy infrastructure. Therefore, with this increased investment in the construction sector, the demand for bulldozers is expected to rise.
Get More Details on this Report and a Full Table of Contents at Bulldozer Market in France 2015-2019
Technavio's analysts forecast the bulldozer market in France to grow at a CAGR of 5.47% over the period 2014-2019.
Get More Details on this Report and a Full Table of Contents at Bulldozer Market in France 2015-2019
Commenting on the report, an analyst from Technavio?s team said: ?One major trend upcoming in the market is the availability of financing options and after-sales services, which increases their sales as ownership of earthmoving equipment involves high initial investment.?
According to the report, one driver that promotes growth in this market is the growing need for replacing old construction equipment with new fuel-efficient models. Repair of old equipment is not cost efficient as many of them do not function properly even after regular servicing, thereby affecting the productivity.
Further, the report states that the acute shortage of labor is a major challenge faced by this market. Shortage of labor stems from the high tax burden on labor income in the country, which has resulted in an exodus of laborers to neighboring countries.
The key players in the Bulldozer Market in France are Caterpillar Inc., Guangxi Liugong Machinery Co. Ltd., Komatsu Ltd., and Liebherr Group. while other prominent vendors include Hitachi Construction Machinery, JCB, and Volvo.
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Report Published: "Bulldozer Market in France 2015-2019"
Fast Market Research announces the availability of the new TechNavio report, "Bulldozer Market in France 2015-2019", on their comprehensive research portal