Construction & Manufacturing

Construction Tractor Market in South Korea 2015-2019

  • TEC250676
  • 55 Pages
  • June 2015
  • Construction & Manufacturing
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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