The Bulldozer Market in Spain to grow 4% annually through 2019


(MENAFNEditorial)

Fast Market Research announces the availability of Technavio's new report "Bulldozer Market in Spain 2015-2019" on their comprehensive research portal.

Bulldozers are used for various infrastructure-related activities including construction mining and quarrying and other engineering activities.

Technavio's analysts forecast the bulldozers market in Spain to grow at a CAGR of 4.09% over the period 2014-2019.

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Commenting on the report an analyst from Technavio’s team said: “The government is making efforts to improve the condition of the construction market. In 2005 the ministry of public works and transports launch the PEIT plan (2005-2020). It focuses on providing construction companies with guidelines for the construction of transportation and other infrastructure projects. Further in 2012 it launched PITVI which aims to improve transportation and housing infrastructure. According to this plan which include construction activities till 2024 the government will build 1000 miles of railway network during the period of 2012-2024. In the housing sector this plan is helping Barcelona recover from the economic crisis and at present it is the only city in Spain to gain marginal profits.”

According to the report apart from promoting the transportation plan introduced in 2012 under which it will focus on improving interstate connectivity the government is taking other initiatives: more than 2000 miles of six-lane roads are under development and 9320 miles of motorways are under reconstruction. In 2014 the government invested $20 billion in the construction of these projects and $7 billion has been allocated toward their maintenance in 2015. Such projects will have a positive impact on the bulldozer market in Spain.

Further the report states that factors such as the inherent drawbacks of bulldozers will curtail market growth.

The key players in the Bulldozer Market in Spain are Caterpillar Guangxi LiuGong Machinery KESA and Liehberr while other prominent vendors include JCB Kobelco Construction Machinery Europe and Volvo

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.

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