Showing posts with label Peru Forklift Market Growth. Show all posts
Showing posts with label Peru Forklift Market Growth. Show all posts

Friday, May 12, 2017

How Peru Construction Equipment Market Is Positioned?
Peru is located in South America with a population of approximately 31.8 million in the year 2016 and is home to a section of Amazon rainforests. Government primarily focused on developing transport infrastructure (roads, rails, airports and ports), energy (gas pipelines), telecommunications (high-speed internet access) and water management. In 2016, Peru construction equipment market was estimated at USD ~ million exhibiting a five year negative CAGR of ~% during 2011 to 2016. The market for sales improved in 2016 after registering a decline (~ %) in 2015. Rental market continues to show decline after achieving peak (USD ~ million) in 2014. New projects like the Lima metro and the Mantaro-Marcona-Socabaya-Montalvo were some of the major factors uplifting the industry.
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The revenue generated from sales market for construction equipment in Peru was estimated at USD ~ million in 2016, thus capturing revenue share worth ~ %. The major factor responsible behind such sales is the sheer scale of work to be done due to growing demand for construction of many new buildings, leading to a good supply of construction equipment in the upcoming years in Peru. On the other hand, rental market in Peru was estimated at USD ~ million in 2016, thus capturing ~ % of the total Peruvian construction equipment market. The increasing availability of financial schemes especially in tier 2 and tier 3 cities for small building ventures facing financial constraints in Peru owing to high price of machineries are some of the major factors leading to growing demand for rental construction equipment in Peru.
Peru Construction Equipment Market Segmentation
By Type: Peru construction equipment market is segmented by type of major equipments used in construction and mining industry. Excavators and bulldozers are most used equipments. Caterpillar is the leading company in construction equipment machinery.
By Rental and Sales Market: Peru construction equipment market was largely dominated by sales market as it is high value market and all rental companies have to buy before renting the equipment. Demand for rental is on rise as small players enter the market
By Application: Market for Peru Construction Equipment was segmented based on application of Equipments which majorly comprises of excavation mining and transportation. Mechanization of industry construction and retail and promoted the use of many of these equipment. Demand from other sectors is expected to rise in future as economy diversifies from mining segment.
By End User: Manufacturing and Industrial Sector remains the major user of construction equipment in the country.
Trends, Developments, Issues And Challenges Of Peru Construction Equipment Market
The Peruvian government has launched various projects to improve the neglected infrastructure sector and to ensure that its economy continues to grow. However, decline in mining activities due to environmental regulation, low commodity prices and protest of residents to open pit mining may affect the sale of heavy construction equipment negatively. Poor weather hampers the development projects as they are constantly damaged by nature’s fury in Peruvian regions. Various projects under construction such as in Huancavelica region were destroyed due to constant rainfall. Severe damages to other houses, located in Pueblo Nuevo and Bella Vista were also reported with floods affecting the most families.
Government Regulations In Peru Construction Equipment Market
In Peru, the machinery vehicles apart from trucks have to be Euro III certified and the trucks which are sold in Peru must be Euro IV certified. These certifications talk about diagnostic requirements for gasoline, LPG, CNG and diesel. Additionally, the works for taxes law allowed a private company to finance and implement public projects chosen by regional/local government. Lastly, the law for the promotion of energy efficiency supports the efficient utilization of energy.
Peru Construction Equipment Market Major Players
Caterpillar Inc. was the major player in Peru construction equipment market with market share of ~% on the basis of revenue (~ million) in 2016. Komatsu Mitsui followed Caterpillar to be the second largest player in Peru construction equipment market offering a wide range of products to serve the Peruvian regions. Other players such as Volvo, Unimaq, Samsung heavy equipment, and Ipesa collectively are increasing competitiveness towards the construction industry in Peru by capturing the remaining market share of 26.6% in 2016.
Key Factors Considered In The Report
Comprehensive analysis of Peru construction equipment market and its segments.
Listed major players and their positioning in the market.
Identified major industry developments in last few years and assessed the future growth of the industry.
Mining Industry Equipment Peru
Rental Market Construction Equipment
Southern Peru Copper Corporation Peru Revenue
For More Coverage Click On the Link Below:
Related Reports
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

Tuesday, May 9, 2017

Government Efforts to Reduce Infrastructure Gap through Investment in Transport, Education, Healthcare, Portable Water and Sewage can Boost Demand for Construction Equipments in Peru: Ken Research

Well equipped machineries with the latest technological advancement will help in expanding the market revenue.
The growth in construction equipment sector is witnessed due to implementation of many major projects in mining and energy sector of the economy.
Government signed a partnership agreement
which will help in inviting several foreign companies by offering subsidies and rebates on entering the Peruvian market.
Ken Research in its latest study, Peru Construction Equipment Market Outlook to 2021 – Technological Advancements and Well Equipped Machineries to Drive Market Growth suggested that Caterpillar Inc will continue their dominance but have to face fierce competition and an expected price war with Japanese manufacturer Komatsu Mitsui. Global companies such as Volvo, Maquiperu, Sinomaq and others have plans to enter in different segments of construction equipment such as bulldozers, angle dozers, shovels and excavators in order to diversify their market in Peru.
Peru Construction Equipment Market
Peru construction equipment market is estimated to register a positive CAGR during 2016-2021. Rising modernization in the country would also increase the demand for mechanization of goods and services, which will further boost both sales and rental services of construction equipment. The growing demand for metro and rail lines and cycle lanes will also lead to increase in the demand of construction equipment.
Peru construction equipment market is majorly focusing on how to reduce the infrastructure gap in order to boost their economy. Due to lack of assembly/manufacturing units, the Peruvian government plans to allocate budgets which will further help to diversify the manufacturing sector. It is expected to attract more foreign direct investments and reduce its dependence on the export of metal ores and minerals by the year 2021. With the growing demand for both public and private infrastructure which includes roads, telecommunication, ports, airports, water and sewage, health and education, the growth underway is due to implementation of many major projects in these sectors of economy. The mining and energy sector is also lined up to further to boost the construction equipment market by keeping focus on variables such as productivity, profitability and sustainable economic development, several initiatives are taken by the Peruvian government, communities and other stakeholders by maintaining an effective communication process throughout the period which had a positive impact on the economy.
New technologies such as GPS technology supported by robust IP67 GPS bring industry aids in delivering real time reports on variables such as idle time, engine hours, theft, unauthorized access and maintenance alerts. In addition, there is a high demand for technologically advanced equipment with ECU system, thus helping in processing large complex information received from various sensors, which is further passed on to actuators to react.
Setting up assembly/manufacturing unit in Peru, reduce time to import construction equipment, value added sales, improving the networking by online promotion, tapping the tier II and tier III cities and regular communication through media and updated website are some other key factors that may have a positive impact on the market creating additional demand for rental and sales market in future, according to the Analyst at Ken Research.
Key Topics Covered in the Report:
Heavy Machinery Export Peru
Heavy Equipment Market Peru
Mining Industry Equipment Peru
Peru Construction Equipment Market
Rental Market Construction Equipment
Export Construction Machinery Peru
Construction Machinery Components Sale Peru
Southern Peru Copper Corporation Peru Revenue
For More Coverage Click On the Link Below:
Related Reports
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Wednesday, May 3, 2017

Peru Construction Equipment Market Outlook to 2021: Ken Research

The report titled "Peru Construction Equipment Market Outlook to 2021 -Technological Advancements and Well Equipped Machineries to Drive Market Growth" provides a comprehensive analysis of construction equipment in Peru. . The report also covers company profile of major players, market share, export and import scenario; decision making process, trends and developments and issues and challenges. The report concludes with porter five forces analysis, market projection for future and analyst recommendations highlighting the major opportunities.
Rental Market for Construction Equipment in Peru
Peru rental construction equipment market gained importance because of high rental services demand and increasing availability of financial schemes especially in tier II and tier III cities for small building ventures. In 2011, market was estimated at USD ~ million and declined to USD ~ million in 2016 registering a five year negative CAGR of ~%. The major factors responsible for negative growth were decline registered in the mining sector and reduction in public expenditure.
Peru Construction Equipment Market
Peru rental construction market was able to capture a market share worth ~% of the total construction equipment market in 2016. The market is majorly dominated by construction equipment companies such as Caterpillar, Komatsu and Volvo. Additional demand for equipment rental was created due to development of commercial and industrial real estate sector and expanding services sector.
Sales Market for Construction Equipment in Peru
The revenue generated from sales market for construction equipment in Peru was estimated at USD ~ million in 2016, thus increasing from USD ~ million in 2011 registering a five year CAGR of ~%. Sales market for construction equipment in Peru registered maximum sales for heavy construction equipment, underground mining tools and general construction equipment.
Sales market for construction equipment in Peru captured revenue share worth ~% of the total construction equipment market size on the basis of revenue. The major factor responsible for such high share is the sheer scale of work to be done due to growing demand for construction of many new buildings, leading to a good supply of construction equipment in the upcoming years in Peru.
Market Segmentation
By Type: The market was segmented in accordance with shovels and excavators; lifting, handling, loading or unloading machinery and others, which collectively accounted for more than % of revenue share in 2016. Some of the leading players in this segment were Caterpillar Inc and Komatsu Mitsui.
By Bulldozers and Angle Dozers: The market was segmented in accordance with the equipment belonging to either wheel type or crawler type category. The crawler type construction equipment dominated the market by capturing revenue share worth ~% in 2016.
By Revenue Contribution from Final Machine and Spare Parts: The market was segmented in accordance with final construction machinery and construction machinery parts others. The final construction machinery segment dominated the market by capturing revenue share worth ~% in 2016.
By Rental and Sale Market: The market was segmented in accordance with rental and sales market. The sales market of construction equipment dominated the market by capturing revenue share worth ~% in 2016.
Future Outlook
Over the forecast period (2017-2021), the Peruvian construction industry will be supported by the government's focus on the development of key areas such as transport infrastructure, energy/utilities facilities, and residential buildings. There are many projects in pipeline across transport, energy, water, residential and social infrastructure. Peru construction equipment market is expected to generate revenue of USD ~ million in the year 2021 collectively from rental and sales market.
Key Topics Covered in the Report:
Peru Construction Equipment Market Overview and Genesis
Value Chain Analysis of Peru Construction Equipment Market
Peru Construction Equipment Market Size
Peru Construction Equipment Market Segmentation
Snapshot on Peru Rental Construction Equipment Market
Export And Import Scenario of Peru Construction Equipment market, 2011-2015
Key Customer Segments and Decision Making Process To Buy Or Rent Construction Equipment In Peru
Procedure for Doing Construction Equipment Business in Peru with Detailed Analysis On How To Become Dealer For Construction Equipment In Peru
After Sales Service Scenario for Peru Construction Equipment Market
Trends and Development and Peru Construction Equipment Market
Government Regulations in Peru Construction Equipment Market
Issues and challenges in the Peru construction equipment market
Porter’s Five Forces Analysis for Peru Construction Equipment Market
Market Share of Major Players in Peru Construction Equipment Market, 2016
Company Profile of Major Players In Peru Construction Equipment Market
Peru Construction Equipment Market Future Outlook and Projections
Analyst Recommendation
Macro Economic Factors Affecting Peru Construction Equipment Market
For More Coverage Click On the Link Below:
Related Reports
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249