Market Overview:
The global construction tractors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for construction equipment for infrastructure, residential, and non-residential construction projects across the globe. In terms of type, crawler tractors are expected to dominate the global market during the forecast period owing to their high efficiency and durability in tough terrains. Wheeled tractors are also expected to witness significant growth during the forecast period due to their low maintenance cost and easy maneuverability on paved surfaces.
Product Definition:
A tractor is a farm vehicle that provides the power to pull heavy loads or to use agricultural implements. Construction tractors are similar in design but are typically larger and have more powerful engines than those used on farms. They are used for moving earth, gravel, and other materials on construction sites.
Crawler Tractors:
Crawler tractors are motorized vehicles used to pull construction equipment such as dump trucks, concrete mixers, and others. They are also known as "Construction Tractors" or "Tractor-Trailers". Crawler tractors have low ground pressure but high maneuverability and can travel on two or four wheels.
Wheeled Tractors:
Construction tractors are wheeled tractors used for construction work. They have a wide variety of applications such as earthmoving, paving, grading and landscaping among others. The global construction tractors market is expected to witness significant growth over the forecast period owing to increasing urbanization and industrialization in emerging economies including India, China among others.
Application Insights:
The infrastructure application segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to the increasing demand for construction equipment in various infrastructure projects such as airport expansion, railway line installation, and highway development. In addition, stable economic conditions in developed regions such as North America and Europe are expected to support industry growth over the forecast period.
The residential construction segment is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to an increase in urbanization across various regions coupled with favorable government policies aimed at promoting home ownership rates among lower-income groups including women and young people living away from their parents¢â‚¬â„¢ homes. This will result into increased demand for residential buildings which will further fuel product adoption during the estimated period.
Regional Analysis:
Asia Pacific construction tractors market is expected to grow at the highest CAGR of XX% from 2018 to 2030. This growth can be attributed to increasing infrastructure activities in the region, which will drive demand for heavy-duty construction equipment. Furthermore, rising residential and non-residential construction activities are also likely to support regional product demand over the forecast period.
The Asia Pacific was followed by Europe with a share of around 25% in 2017 owing to presence of major manufacturers such as CNH Industrial N.V., Kubota Corporation and YANMAR Diesel Co., Ltd., etc.
Growth Factors:
- Increasing demand for construction equipment from the infrastructure and construction sectors
- Rising demand for equipment to meet the needs of large-scale projects
- Technological advancements in construction tractors that improve fuel efficiency and performance
- Growing popularity of rental services for construction tractors
- Increasing focus on safety by manufacturers
Scope Of The Report
Report Attributes
Report Details
Report Title
Construction Tractors Market Research Report
By Type
Crawler Tractors, Wheeled Tractors
By Application
Infrastructure, Residential Construction, Non-Residential Construction
By Companies
Caterpillar, Deere, Hitachi Construction Machinery, Komatsu, Volvo Construction, BEML, Case Construction, Doosan Infracore, Hyundai Heavy Industrie, JCB, Caterpillar, Liebherr, LiuGong Machinery, Rockland, Shandong Heavy Industry Group, Shantui Construction Machinery, YTO Group, Zoomlion
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Construction Tractors Market Report Segments:
The global Construction Tractors market is segmented on the basis of:
Types
Crawler Tractors, Wheeled Tractors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Infrastructure, Residential Construction, Non-Residential Construction
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caterpillar
- Deere
- Hitachi Construction Machinery
- Komatsu
- Volvo Construction
- BEML
- Case Construction
- Doosan Infracore
- Hyundai Heavy Industrie
- JCB
- Caterpillar
- Liebherr
- LiuGong Machinery
- Rockland
- Shandong Heavy Industry Group
- Shantui Construction Machinery
- YTO Group
- Zoomlion
Highlights of The Construction Tractors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Crawler Tractors
- Wheeled Tractors
- By Application:
- Infrastructure
- Residential Construction
- Non-Residential Construction
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Construction Tractors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Construction tractors are machines used for construction, demolition, and earthmoving. They typically have a wide variety of attachments that allow them to be used for a variety of tasks.
Some of the major companies in the construction tractors market are Caterpillar, Deere, Hitachi Construction Machinery, Komatsu, Volvo Construction, BEML, Case Construction, Doosan Infracore, Hyundai Heavy Industrie, JCB, Caterpillar, Liebherr, LiuGong Machinery, Rockland, Shandong Heavy Industry Group, Shantui Construction Machinery, YTO Group, Zoomlion.
The construction tractors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Construction Tractors Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Construction Tractors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Construction Tractors Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Construction Tractors Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Construction Tractors Market Size & Forecast, 2020-2028 4.5.1 Construction Tractors Market Size and Y-o-Y Growth 4.5.2 Construction Tractors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Crawler Tractors
5.2.2 Wheeled Tractors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Infrastructure
6.2.2 Residential Construction
6.2.3 Non-Residential Construction
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Construction Tractors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Construction Tractors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Crawler Tractors
9.6.2 Wheeled Tractors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Infrastructure
9.10.2 Residential Construction
9.10.3 Non-Residential Construction
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Crawler Tractors
10.6.2 Wheeled Tractors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Infrastructure
10.10.2 Residential Construction
10.10.3 Non-Residential Construction
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Crawler Tractors
11.6.2 Wheeled Tractors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Infrastructure
11.10.2 Residential Construction
11.10.3 Non-Residential Construction
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Crawler Tractors
12.6.2 Wheeled Tractors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Infrastructure
12.10.2 Residential Construction
12.10.3 Non-Residential Construction
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Crawler Tractors
13.6.2 Wheeled Tractors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Infrastructure
13.10.2 Residential Construction
13.10.3 Non-Residential Construction
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Construction Tractors Market: Competitive Dashboard
14.2 Global Construction Tractors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar
14.3.2 Deere
14.3.3 Hitachi Construction Machinery
14.3.4 Komatsu
14.3.5 Volvo Construction
14.3.6 BEML
14.3.7 Case Construction
14.3.8 Doosan Infracore
14.3.9 Hyundai Heavy Industrie
14.3.10 JCB
14.3.11 Caterpillar
14.3.12 Liebherr
14.3.13 LiuGong Machinery
14.3.14 Rockland
14.3.15 Shandong Heavy Industry Group
14.3.16 Shantui Construction Machinery
14.3.17 YTO Group
14.3.18 Zoomlion