About wheeled tractor
Wheeled tractors are used on the construction site for lifting and loading materials such as asphalt, dirt, snow, logs, raw materials, debris, rocks, and sand. 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 railroads, highways, and ports, which leads to the increased demand for wheeled tractors.
Technavio's analysts forecast the global wheeled tractor market to grow at a CAGR of 6.42% over the period 2014-2019.
Covered in this report
The report includes the present scenario and the growth prospects of the global wheeled tractor market for the period 2015-2019.
Technavio's report, Global Wheeled 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 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 Wheeled Tractor Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Wheeled Tractor Market: Caterpillar, Hitachi Construction Machinery, John Deere, Komatsu, and Volvo.
Other Prominent Vendors in the market are: YTO Group, JCB, Case construction, Doosan Infracore, LiuGong Machinery, Shantui Construction Machinery, Liebherr, Kawasaki Construction Machinery, and Hyundai Heavy Industries.
Commenting on the report, an analyst from Technavio’s team said: “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.”
According to the report, the high market share of the Americas region can be attributed to an increase spending across diverse segments like transportation and energy.
Further, the report states that the recent increase in real estate development is a major factor that is expected to drive market growth during the forecast period.
Caterpillar, Hitachi Construction Machinery, John Deere, Komatsu, Volvo, YTO Group, JCB, Case construction, Doosan Infracore, LiuGong Machinery, Shantui Construction Machinery, Liebherr, Kawasaki Construction Machinery, Hyundai Heavy Industries.
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