Lewes, DE -- (SBWire) -- 06/29/2015 --Report forecast the construction tractor market in South Korea to grow at a CAGR of 1.37% over the period 2014-2019.
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.
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.
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 players in the Construction Tractor Market in South Korea: Doosan Infracore Construction Equipment, Hyundai Heavy Industries Co. Ltd. and Sunward Intelligent machinery Co. Ltd.
Other Prominent Vendors in the market are: Caterpillar, Komatsu, The Liebherr Group and Volvo
According to the report, development of nuclear energy structure is one of the key drivers of this market. With an increase in population and industrial development, the demand for energy is continuously increasing in the country. Industrial development also increases greenhouse gas emissions in the country. In order to control the rising emission levels, the government of South Korea has planned to develop the country's nuclear energy sector.
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?
Spanning over 55 pages, "Construction Tractor Market in South Korea 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Industry Overview, Market Landscape, Market Segmentation by Type, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/construction-tractor-market-south-korea-2015-2019
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