
The global demand of excavators continued to increase in 2014, due to the large number of infrastructure projects, growth in equipment rental business and rapid growth in the emerging markets and is expected to increase further in coming years. The high demand for infrastructure projects, such as the construction of road and rail networks, or airports drive the excavator industry. International events in countries such as Russia, Japan, and Brazil have resulted in increased construction activities, which have further driven the regional excavator market growth. Emergence of large-scale projects in the railways, oil & gas and construction sectors, particularly in the developing economies has led to market growth.