Global Construction Tractors Market - Market Analysis 2015-2019

Market outlook of the global construction tractors market 

The global construction tractors market is expected to grow significantly and post a CAGR of nearly 7% during the forecast period, due to the rise in construction activities in the mining, transportation, residential and commercial, and energy industries. Additionally, the market growth is attributed to increased investment in infrastructure development across all the regions.

In 2014, World Bank Group launched a new global infrastructure facility (GIF) in partnership with private institutional investors to bridge the infrastructure gap in developing nations by channelizing funds for infrastructure development. According to World Bank estimates in 2014, developing countries require additional $1 trillion a year for infrastructure development till 2020.

Competitive landscape and key vendors

Competition is robust in this market with customers keen on manufacturers that provide technologically advanced, eco-friendly construction tractors. Manufacturers also need to cater to the needs of the customers who opt for customization of construction tractor models that suit their work profile.

Key leading vendors dominating this market are as follows –

• Caterpillar
• Deere
• Hitachi
• Komatsu
• Volvo

Other prominent vendors include LiuGong Machinery, Zoomlion, Shantui Construction Machinery, Liebherr, Shandong Heavy Industry Group, Durga Tractors, BEML, Rockland, Case Construction, Doosan Infracore, Kawasaki Construction Machinery, Hyundai Heavy Industries, YTO Group, and JCB.

Global construction tractors market segmentation by type

• Wheeled tractor
• Bulldozer tractor

The year 2014 witnessed the dominance of the wheeled tractor segment with a market share of almost 68% of the total global construction tractor market.

Geographical segmentation of the construction tractors market

• Americas
• EMEA
• APAC

The Americas held the largest market share, with more than 56% share of the global construction tractor market, and it will continue to do so in the forecast period. Technavio expects that the increased investment in real estate development and rapid urbanization across all the regions will lead to the overall growth of construction tractor market.

Growth drivers, challenges, and upcoming trends: Construction tractors market

Technavio’s market research analysts analyze upcoming trends such as energy-efficient construction tractors to elevate market growth in the forecast period. Vendors are initiating huge investment in R&D to try and gain a competitive advantage over other players in this market.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global construction tractors market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2019?
• What are the key factors driving the global construction tractors market?
• What are the key market trends impacting the growth of the global construction tractors market?
• What are the challenges to market growth?
• Who are the key vendors in the global construction tractors market?
• What are the market opportunities and threats faced by the vendors in the global construction tractors market?
• Trending factors influencing the market shares of the Americas, EMEA, and the APAC region.
• What are the key outcomes of the five forces analysis of the global construction tractors market?

Technavio also offers customization on reports based on specific client requirement.

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