Global Wheeled Tractor - Market Study Report 2015-2019

Market outlook of the global wheeled tractor market

Wheeled tractors are used for transporting asphalt, dirt, snow, logs, raw materials, debris, rocks, and sand during construction and mining activities. Based on requirements, these wheeled tractors can also be converted to loaders, which aid in construction activities. Technavio’s market research analyst has estimated this market to surpass US$ 19 billion by 2019 due to the augmented investment in infrastructure development across all the geographies.

The recent increase in real estate development is a major factor that is expected to drive market growth during the forecast period. Real estate development across all geographies, especially in the APAC region, is expected to spur the demand for earthmoving equipment, which in turn will augment the usage of wheeled tractors in construction projects. This augmented application of wheeled tractors in construction projects will drive the prospects for growth in this market during the next five years.

Geographical segmentation of the wheeled tractor market

• APAC
• EMEA
• Americas

In this industry research report, analysts estimate the Americas to account for more than 55% of the total market share during the forecast period. This region’s high market share can be attributed to the augmented construction spending across diverse segments like transportation and energy.

Competitive landscape and key vendors

Competition in this market is rapidly increasing as customers prefer manufacturers that provide technologically advanced, eco-friendly wheeled tractors. Additionally, the availability of customizable-wheeled tractors that cater to the individual needs of customers is expected to boost competition in this market during the next five years.

Key leading vendors analyzed in this market are –

• Caterpillar
• Hitachi Construction Machinery
• John Deere
• Komatsu
• Volvo

Other prominent vendors included in this market research report are YTO Group, JCB, Case construction, Doosan Infracore, LiuGong Machinery, Shantui Construction Machinery, Liebherr, Kawasaki Construction Machinery, and Hyundai Heavy Industries.

Growth drivers, challenges, and upcoming trends: Wheeled tractors

Technavio’s market research analyst has estimated upcoming trends, such as the development of GPS enabled wheeled tractors, to augment market growth during the forecast period. GPS-based tracking systems in wheeled tractors help in the remote monitoring of equipment performance and efficiency parameters. As these models gather information by using technologies like GPS and GSM, machine movement can be easily tracked from a remote location using this technology. 

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global wheeled tractor 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 wheeled tractor market?
• What are the key market trends impacting the growth of the global wheeled tractor market?
• What are the challenges to market growth?
• Who are the key vendors in the global wheeled tractor market?
• What are the market opportunities and threats faced by the vendors in the global wheeled tractor market?
• Trending factors influencing the market shares of the EMEA, Americas, and APAC?
• What are the key outcomes of the five forces analysis of the global wheeled tractor market?

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

Related reports

• Global Wheeled Tractors Market 2014-2018
• Construction Tractor Market in South Korea 2015-2019
• Global Automotive Multi-wheel Drive Market 2015-2019
• Wheeled Loaders Market in Europe 2015-2019