Growth in Construction and Real Estate and Entry of New Players is Expected to Boost Excavator Market: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 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. 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. Increased demand by small contractors and SME’s 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. 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. For more information on the report scope, list of figures, tables and methodology, refer to below link: https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/philippines-excavator-market-report/42050-97.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Asia Excavator Market Size, Backhoe Excavator Sales Philippines, Philippines Caterpillar Excavator Competition, Philippines Construction equipment rental Market, Philippines Construction Machinery Market, Philippines Dragline Excavator Market Size, Philippines Excavator Market Research Report, Philippines Excavator Outlook 2020, Philippines Excavator Prices Growth, Philippines Heavy Equipment Market, Philippines Komatsu Business Growth, Philippines Mini Excavator Market, Philippines Power Shovel Excavator Industry, Philippines Rental Excavator Market, Philippines Volvo Construction Equipment Sales, Philippines Volvo Hyundai Excavator Market Share