The Germany utility tractor market of USD XX million in 2016 is expected to reach USD XX million by 2021 at a CAGR of XX% over the forecast period. Utility tractors are high power operators, with compact design, and easy to use multiple functions, and are used for various purposes such as agriculture, landscaping, plowing, grounds keeping etc.
Market Dynamics
The important feature of ease in attaching and detaching of functional parts, use for multipurpose operations, continuous innovation in technology in agri-machinery, minimizing the need for multiple machines for agriculture, rising demand of high power tractor in the region, scarcity of labor, increase in demand for agriculture products as a result of growing population, government subsidies for agro machinery to farmers are driving the utility tractor market. However, the fluctuations in grain prices, which lead to lower farm income creates unwillingness among farmers to invest in equipment. The availability of other similar functioning machinery for agriculture, high power and energy requirement for tractors, and growing urbanization resulting in a decrease of farmland are restraining the market.
Market Segmentation
Market segmentation of utility tractors is categorized by application, drive, and geography. By application type, the market is segmented into dairy field operations, hay & agriculture products operations and landscaping. Utility tractors have major applications in hay and agriculture products. The market segment by drive includes pedestrian and wheeled type. The wheeled type market is sub segmented into two, three and four wheel type. Two-wheeled tractors are extremely common in agricultural operations worldwide and have the highest market share among others.
Key Industry Players
The leaders in the market include:
Key Deliverables in the Study
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definitions
2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
3. Key Findings of the Study
4. Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Increased Demand for High Power Tractor in the Region
4.2.1.2 High Agriculture Productivity in the Region
4.2.1.3 Minimizing the Need for Multiple Agri-Machinery
4.2.1.4 Government Subsidies for Farm Mechanization
4.2.1.5 Growth in Population and Need For Agricultural Productivity
4.2.1.6 Scarcity of Labor
4.2.2 Constraints
4.2.2.1 Availability of Other Similar Functioning Agri-Machinery
4.2.2.2 High Energy Requirement
4.2.2.3 Fluctuations in Grain Price and Lower Farm Income of Farmers
4.2.2.4 Growing Urbanization and Decreasing Farmland
4.2.3 Opportunities
4.2.3.1 Shorter Replacement Cycle of Tractors Boost Sales Volume
4.2.3.2 Use of Tractors for Non-Agriculture Purpose
4.2.4 Porter's Five Forces Analysis
4.2.4.1 Bargaining Power of Suppliers
4.2.4.2 Bargaining Power of Buyers
4.2.4.3 Threat of New Entrants
4.2.4.4 Threat of Substitute Products and Services
4.2.4.5 Degree of Competition
5. Market Segmentation
5.1 By Application
5.1.1 Dairy Farmland
5.1.2 Hay & Agriculture Products
5.1.3 Landscaping
5.2 By Drive Type
5.2.1 Pedestrian
5.2.2 Wheeled
5.2.2.1 Two Wheels
5.2.2.2 Three Wheelers
5.2.2.3 Four Wheelers
6. Competitive Landscape
6.1 Mergers & Acquisitions
6.2 Joint Ventures
6.3 New Product Launches
6.4 Most Active Companies by Market Strategies
6.5 Market Share Analysis
7. Company Profiles
7.1 Deere and Company
7.2 CNH Global NV
7.3 Mahindra & Mahindra Ltd.
7.4 AGCO Tractor
7.5 Farmtrac Tractor Germany
7.6 Kubota Tractor Corp
7.7 McCormick Tractors
7.8 Case IH
7.9 Deutz-Fahr
7.10 Claas Tractor
7.11 Kioti Tractor
7.12 Belarus Tractor
7.13 Massey Ferguson Tractor
7.14 Caterpillar Inc.
7.15 SAME Deutz-Fahr
7.16 Fendt
7.17 Escorts
7.18 Valtra
7.19 Daedong-USA Inc.
8. Appendix
8.1 Sources
8.2 Disclaimer