Mini Excavator Market on the Move

In addition to the rising demand from the rental market, stringent environmental laws and regulations also play a prominent role in driving equipment changes in the construction industry. The government is taking severe measures to control and maintain the emission level, compelling manufactures to shift toward advanced technologies from the existing conventional ones.

With the rising greenhouse gas emissions and other air pollutants, regulations have been imposed by the governments to reduce the impact on the environment. The Tier-5 regulations mandate that all the vehicles launching with tier-5 engines should be installed with a diesel particulate filter to reduce the emission level.

Market research analysts at Technavio predict that the global mini excavators market will grow during the next four years. The demand from the rental market is a key growth factor for the market. There has been an excessive demand from the rental market, due to the convenience factor. Mini excavators can be hired when necessary, which further reduces the concern for possession costs, repair, and maintenance charges.

With the rise in infrastructure projects around the globe increasing the demand for excavators, the mini excavator market is highly competitive. Contractors who need mini excavators on their projects should be aware of the shifts in the market.

Posted: 7/6/2017 1:00:19 PM



Related Articles