Albany, NY -- (SBWIRE) -- 06/30/2015 -- Excavators are used to excavate, move, or lift materials using a bucket fitted to a boom. These are self-propelled machines that run on crawlers or wheels. Excavators are versatile heavy construction machinery used for applications such as below- and above-ground-level operations, including land leveling, trench digging, and sinking of wells.

The demand for excavators in Turkey is rapidly increasing because the government of Turkey is investing in large infrastructure construction projects such as the Istanbul high-speed railway, IGA airport, and Akkuyu nuclear power plant.

Industrial analysts forecast the excavator market in Turkey to grow at a CAGR of 6.25% over the period 2014-2019.

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Covered in this Report

The report covers the present scenario and the growth prospects of the excavator market in Turkey for the period 2015-2019. The market size has been calculated based on the total revenue generated from the sales of excavators in Turkey. It does not consider the revenue generated from the sale of used equipment or from contracts and maintenance.

The report also presents a detailed analysis of the four key vendors and their share in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

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Key Vendors

Çukurova Ziraat
HIDROMEK
Liebherr-Makìne Tìcaret Servìs Lìmìted Sìrketì (Liebherr Group)
SANY Turkey (SANY Group)

Other Prominent Vendors

Hyundai Heavy Industries
SARILAR Group
XCMG

Market Driver

Investment in Transportation and Power Infrastructure
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Market Challenge

High Manufacturing and Ownership Costs
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Market Trend

Replacement of Old Construction Equipment
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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?

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