Gensets Market in the MEA Region 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-11 08:49:01
The Gensets market in the MEA region is forecast to grow at a CAGR of 4.89 percent over the period 2013-2018. One of the key factors contributing to this market growth is the rapid rate of industrialization. The Gensets market in the MEA region has also been witnessing an increase in mergers and acquisitions. However, increasing competition among vendors could pose a challenge to the growth of this market.
Key vendors dominating this space are ABB Ltd., Caterpillar Inc., Cummins Inc., and Kohler Co.
Other vendors mentioned in the report are, Detroit Tools, GE Co., Generac Holdings Inc., Ghaddar Machinery Co., Jubaili Group Holding, Mitsubishi Heavy Industries Ltd., Saudi Diesel Equipment Company Ltd., SDMO Generating Sets Inc., and Siemens AG.
The following companies represent the key players in the Gensets Market in the MEA Region: ABB Ltd., Caterpillar Inc., Cummins Inc., and Kohler Co.
The increase in merger and acquisition activities is one of the key emerging trends in the Gensets market in the MEA region. The market is fragmented with the presence of many international and local vendors. The major players are attempting to increase their market shares and access the untapped market. As a result, a number of mergers and acquisitions and strategic alliances are expected to take place in the market during the forecast period. Many large vendors and emerging contenders in the market are looking for mergers and acquisitions to enhance their market presence. Also, the market players are creating alliances with regional, small, and large companies to increase their market share. This also enhances their distribution channels and improves their market reach. Thus, mergers and acquisitions help companies remain competitive in the market.
One of the major drivers in the Gensets market in the MEA region is the rapid rate of industrialization. The major reason for this rapid rate of industrialization is the boom in technological advancements and the availability of cheap labor and natural resources.
Further, the report states that intense competition among vendors is one of the major challenges in the Gensets market in the MEA region. There are several gensets manufacturers that have a presence in the market which creates stiff competition among them. Moreover, many gensets manufacturers from China and India are offering their products at a comparatively cheaper price.
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