Deerfield Beach, FL -- (SBWIRE) -- 08/04/2015 -- Excavator Market in France 2015-2019

About Excavator

Excavators are used in construction activities to dig and scoop materials from land. The equipment primarily comprise a bucket that is attached to a boom, and a rotating platform that is usually mounted on crawlers or wheels. Excavators have many utilities in activities, such as levelling of land, digging of trenches, and sinking of wells.

In 2014, the demand for excavators grew by 6.2% year-on-year in France. The demand has been increasing since, and at a rapid pace. Increase in construction activities has been driving the excavator market in France. Currently, as of Q1 2015, large-scale investment is taking place in the country, particularly in the construction of new power plants and development of transport infrastructure.

Excavator market in France to grow at a CAGR of 6.80% during 2014-2019.

Moreover, we expect the forthcoming UEFA EURO 2016 to inflate the volume of tourist traffic in the country. As of 2014, the total inbound tourists to France was 83.7 million. Major initiatives are being taken for development of transport infrastructure. In 2014, the Ministry of Railway in France approved a proposal for the construction of two high-speed railway lines between Bordeaux Southeast and Toulouse, and Bordeaux and Spain. The project is slated to start by 2017.

Besides, there is a lot of emphasis on reducing the nuclear energy consumption by 50% in the country by 2050. The government is actively focused on the development of renewable energy infrastructure. Upcoming projects in that direction will also likely propel the demand for excavators in France.

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However, a cut in government spending may hamper market growth. Presently, the Government of the French Republic is facing high public debt, which increased by 95.4% in 2014. The country has plans of reducing its spending in various segments, including infrastructure projects, to address the public deficit, which may have adverse effect on the growth of the construction sector and, consequently, the excavator market in France.

Covered in this Report

The report covers the present scenario and the growth prospects of the excavators market in France for the period 2015-2019. The market size is calculated based on the total revenue generated from the sales of excavators at consumption side in France. We do not consider the sale of used equipment and the revenue generated from contracts and maintenance.

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We also present a detailed analysis of the four key vendors in the market through this report. In addition, we discuss the major drivers influencing market growth and also outline the challenges facing the vendors and the market as a whole. We evaluate the key trends emerging in the market as well.

Key Vendors

- Caterpillar
- Hitachi Construction Machinery
- Komatsu
- Liebherr-International

Other Prominent Vendors

- Volvo Group
- JCB
- Hyundai Heavy Industries Europe

Market Driver

- Increased Investment in Transport Infrastructure
- For a full and detailed list, view our report

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Market Challenge

- High Manufacturing Cost
- For a full and detailed list, view our report

Market Trend

- Growth of Equipment Rental Business
- For a full and detailed list, view our report.

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?