London, 12 March 2015: TechNavio, the independent tech-focused global research firm, has published a 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,” says Faisal Ghaus, Vice President of TechNavio.
“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
- Caterpillar Inc.
- Hitachi Construction Machinery Co. Ltd.
- Komatsu Ltd.
- Volvo Group
To define the market circumstances in the next 3-4 years, TechNavio 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
