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.
The analysts forecast 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.
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.
- Doosan Infracore Construction Equipment
- Hyundai heavy Industries
- Sunward Intelligent Machinery
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Other Prominent Vendors
- Liebherr Group
- Volvo Construction Equipment
- Development of Nuclear Energy Infrastructure
- New Emission Control Regulations
- Emergence of Construction Tractor Rental Services
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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