The Progressive Market of Wheeled Tractors to 2019: Drivers, Challenges and Trends

2015-03-26
Published : Mar-2015

With the increasing population the needs and wants of people are also getting bigger. In order to cater to this mounting demand, researchers and scientists are developing newer ways of getting a work done easily and in volumes. One such machinery that has facilitated us in more than one way are the wheeled tractors. Over the years these tractors have not only helped in farming but also in moving asphalt, rocks, sand, snow, logs, raw materials, dirt, debris generation from demolition and raw materials during construction activities. The demand of these devices is increasing as the wheeled tractors are now being used in variety of activities.

The largest market for the tractor industry is the Americas followed by APAC and EMEA. The Global Wheeled Tractors market is all set to grow at a CAGR of 6.23% over the period 2013-2018. There are lot of opportunities in Wheeled Tractors market as currently the industry hasn’t been able to cater to all the demands of the organizations. Bounties of opportunities and areas lie unexplored by the players of this market. There is a rising demand for the wheeled tractors in the Construction Equipment industry and the earth moving equipments globally. Investors eying this market can well take a call on stepping-in as there are umpteen business prospects in the years to come. People or companies who can’t afford to purchase the product also hire the services from the company or designated agents. The resellers market is also booming with opportunities.

Caterpillar, Hitachi Construction Machinery, Komatsu and Volvo are some of the key players in the tractors market. They have different type of Wheeled Tractors in the market catering to varied demands of the industry. Some of the other prominent players in the market are Doosan Infracore, Guizhou Jonyang, Kinetics, Hyundai Heavy Industries and JCB (Shanghai) Construction Machinery. These companies invested heavily on developing its R&D. With passing days these market players are coming up with updated technology, state of the art machineries for farming, mining, construction and a host of other activities. Some of these tractors have multiple usages. It can be converted into loaders based on the user’s requirement. There are other tools such as hopes rippers, dozer blades and buckets that can be easily attached to the tractor and it can be converted into a loader such as bulldozers, front loaders, and tractor front loaders.

However, the companies need to plan its strategies in order to tackle the escalating raw material prices and other issues that come in their way. For further details on the Wheeled Tractors market one can view the report on Global Wheeled Tractors Market 2014-2018 @ http://www.sandlerresearch.org/global-wheeled-tractors-market-2014-2018.html.

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