Reportstack has announced a new market research report on the Global Wheeled Tractors Market 2014-2018, which is expected to grow rapidly during the period 2013-2018, posting a CAGR of 6.23 percent.
The aspects impelling the growth of the market are augmented spending in mining and infrastructure projects globally. The majority of the spending is expected to come from developing countries such as China, India, Brazil, and Russia.
“The rise in investment in construction projects is one key driver propelling the growth of the market. Sectors such as Oil and Gas, Electric Utilities, Transport, and Housing are attracting major investments, thus driving the growth of the Global Wheeled Tractors market,”.
Complete report with TOC available @ Global Wheeled Tractors Market 2014-2018.
“For instance, as per China's Five-year Plan (2011-2015), the government planned to invest USD1.12 trillion in urban public facilities.”
Key Market Drivers
Increased Investment in Infrastructure Projects
Government Spending and Influx of Private Capital Investment in Infrastructure Projects
Growing Demand for Energy-efficient Technologies
Key Market Trends
Robust Growth of Equipment Rental Business
Increased Investment in R&D
Key Market Vendors
Hitachi Construction Machinery Co. Ltd.
To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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