Global Construction Tractors Market - Market Analysis 2015-2019
About construction tractor
Construction tractor is used on the construction site for lifting and loading materials such as asphalt, dirt, snow, logs, raw materials, debris, rocks, and sand. It is classified into two types:bulldozer tractors and wheeled tractors. Bulldozer tractors, also referred to as crawler dozer or track dozers, are mainly used to push rock, debris, demolish buildings, remove trees, and clear ground. Wheeled tractors are used on the construction site for lifting and loading materials and these tractors can be easily converted to loaders with attachments such as dozer blades, buckets, and rippers.
One of the major drivers propelling market growth is the increased investment in infrastructure projects. Rapid urbanization demands for high investment for developing infrastructure such as highways, railroads, and ports, which leads to the increased demand for construction tractors.
Technavio's analysts forecast the global construction tractor market to grow at a CAGR of 6.78% over the period 2014-2019.
Covered in this report
The report includes the present scenario and the growth prospects of the global construction tractor market for the period 2015-2019.
Technavio's report, Global Construction Tractor Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global construction tractor market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Construction Tractors Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Construction Tractors Market: Caterpillar, Deere, Hitachi, Komatsu and Volvo
Other Prominent Vendors in the market are: 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.
Commenting on the report, an analyst from Technavio’s team said: “The construction equipment industry is capital-intensive. Many small firms are unable to invest heavily in advanced equipment, encouraging many vendors to offer equipment on a rental basis. This will likely lead to increased adoption of construction tractors in the construction industry.”
According to the report, increased investment in infrastructure projects is an important factor driving market growth. Rapid urbanization demands high investments to develop infrastructure such as highways, railroads, and ports, which leads to increased demand for construction tractors.
Further, the report states that the growth of the global construction tractors market is limited by certain challenges. Customer needs are changing, and manufacturers have to develop equipment with reduced carbon emissions and better fuel efficiency.
Caterpillar, Deere, Hitachi, Komatsu, Volvo, 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, JCB.