Construction Tractor Market in South Korea 2015-2019

  • Published: Jun 2015
  • Pages: 55
  • SKU: IRTNTR6183
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About Construction Tractor
A construction tractor provides high tractive effort at slow speeds and is used to haul equipment, raw materials, or debris at construction sites. Construction tractors are highly compatible with a wide variety of attachments and can be used to carry out multiple tasks at a construction site. They are one of the most widely used earthmoving equipment in the global construction market.

The construction tractor market is one of the steadily growing construction equipment markets in South Korea. Over the last decade, South Korea has been witnessing robust economic growth and the government is boosting construction projects, primarily in the transportation and commercial sectors. The government of South Korea is expanding the public spending on transportation projects such as roads and railways to improve the connectivity between rural and urban areas, which is fueling the market growth.

Technavio's analysts forecast the construction tractor market in South Korea to grow at a CAGR of 1.37% over the period 2014-2019.

Covered in this Report
This report covers the present scenario and the growth prospects of the construction tractor market in South Korea for the period 2015-2019. In this report, the market size is determined by the consumption value of construction tractors.

Technavio's report, Construction Tractor Market in South Korea 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors
• Doosan Infracore Construction Equipment
• Hyundai heavy Industries
• Sunward Intelligent Machinery

Other Prominent Vendors
• Caterpillar
• Komatsu
• Liebherr Group
• Volvo Construction Equipment

Market Driver
• Development of Nuclear Energy Infrastructure
• For a full, detailed list, view our report

Market Challenge
• New Emission Control Regulations
• For a full, detailed list, view our report

Market Trend
• Emergence of Construction Tractor Rental Services
• For a full, detailed list, view our report

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?
• What are the strengths and weaknesses of the key vendors?

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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