Growth in Construction and Real Estate and Entry of New Players is Expected to Boost Excavator Market: Ken Research - PowerPoint PPT Presentation

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Growth in Construction and Real Estate and Entry of New Players is Expected to Boost Excavator Market: Ken Research

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Increased demand for real estate supported with investment in infrastructure development to support economy growth will create additional demand for excavators. – PowerPoint PPT presentation

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Title: Growth in Construction and Real Estate and Entry of New Players is Expected to Boost Excavator Market: Ken Research


1
Growth in Construction and Real Estate and Entry
of New Players is Expected to Boost Excavator
Market Ken
Research
2
Increased demand for real estate supported with
investment in infrastructure development to
support economy growth will create additional
demand for excavators. Philippines excavator
market is expected to grow at a CAGR of 8 to
2020 on the back of increasing demand for houses
by growing middle class, office space by rising
service industry especially BPO sector and
investment from government in developing
infrastructure.
3
In 2015, majority of market share is captured by
five major manufacturers of excavators. They have
their exclusive distributors at all the three
major islands of the Philippines including Luzon
(Manila), Visayas (Cebu city), and Mindanao
(Davao city), which provide them accessibility to
major customers in the market. Most of these
distributors are in sale of new excavator and
also offers rental services. Rental market is
majorly driven by small rental companies who are
spread across all major islands in the
Philippines serving the needs of small
contractors and Small and Medium Enterprises
(SME). There is need for increased activity by
construction and rental association to get more
number of contractors and rental companies under
its umbrella to increase networking and create
new business opportunities for use of excavators.
4
Increased demand by small contractors and SMEs
involved in developing real estate sector for
rising middle class and Overseas Filipino Worker
(OFW) is also expected to fuel the demand for
excavators during the forecast period. Demand for
office space by Business Process Outsourcing
(BPO) sector and houses by emerging middle class
are other prominent reason which is expected to
increase the use of excavator in the country.
Increased investment in infrastructure
development will also augment excavator market.
Increased current and expected future demand
for housing and infrastructure will boost
excavator market in future attracting major
players to increase their geographic presence and
entry of new players. Cheap labor and
manufacturing benefits from government may
attract setting up of manufacturing unit by some
manufacturers.
5
. Increased competition to gain market dominance
will make excavators more price competitive
benefiting end users in both sales and rental
market. Government commitment to reduce GHG
emission will lead to stricter emission norms and
demand for fuel efficient and hydraulically more
advanced excavator will sale of new excavators.
The report titled Philippines Excavator Market
Forecast to 2020 Growing Construction
Activities and Demand for Real Estate to Shape
Future Potential provides detailed overview on
the Philippines Excavator Market and helps
readers to identify the ongoing trends in the
market and anticipated growth in future depending
upon changing market dynamics in coming years.
The report will help existing distributors,
manufacturers and rental companies along with end
users in construction, mining and real estate
sector to align their market centric strategies
according to ongoing and expected trends in the
future.
6
For more information on the report scope, list of
figures, tables and methodology, refer to below
link https//www.kenresearch.com/manufacturing-a
nd-construction/machinery-and-parts/philippines-ex
cavator-market-report/42050-97.html ContactKen
ResearchAnkur Gupta, Head Marketing
Communicationsquery_at_kenresearch.com91-124-42302
04
7
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