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North America Wheeled Tractor Machinery Market - Growth, Trends, COVID-19 Impa ...
The North America wheeled tractor machinery market, estimated at USD XX billion in 2016 is expected to reach USD XX billion by 2021, at a CAGR of 5.8% over the forecast period. Tractors provide the power and traction to automate agricultural jobs, especially tillage. Agricultural implements are towed behind a tractor, which then provides a source of power for the mechanization of implements. The agricultural usage of tractors is the largest segment in the sector. Improvement in efficiency is one of one of the reasons why tractors are popularly employed by farmers.
Market Dynamics
Driving forces of the market include the increasing population, growing demand for agricultural products, fueling the need to amplify yield and raise productivity. Opportunities lie in technological developments and higher market penetration in the developing nations like Mexico where machinery use in agriculture is growing. Low purchasing power in these regions appears to be a hindrance to the otherwise lucrative market.
Market Segmentation
The market has been segmented based on the wheel tractor type and by geography.
Segmentation by wheel tractor type:
On the basis of geography, the market has been segmented into the US, Mexico, Canada and others.
Key Industry Players
Major companies operating in the segment are:
Key Deliverables in the Study
1. Introduction
1.1 Research Methodology
1.2 Definition of the Market
1.3 Assumptions
2. Key Findings of the Study
3. Market Dynamics
3.1 Introduction
3.2 Drivers
3.2.1 High Adoption of Latest Farm Techniques in the US and Canada
3.2.2 Technological Advancements
3.3 Constraints
3.3.1 Decreasing Farmland
3.4 Opportunities
3.4.1 Shorter Replacement Cycle of Tractors Boost Sales Volume
3.4.2 Higher Tractor Penetration in the Developing Countries
3.4.3 Use of Tractors for Non-Agriculture Purpose
3.5 Porter's Five Forces Analysis
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Buyers
3.5.3 Threat of New Entrants
3.5.4 Threat of Substitute Products and Services
3.5.5 Degree of Competition
4. Market Segmentation
4.1 Wheeled Tractor
4.1.1 Utility Tractors
4.1.2 Row Crop Tractors
4.1.3 Orchard Type Tractor
4.1.4 Industrial Tractor
4.1.5 Garden Tractor
4.1.6 Rotary Tillers
4.1.7 Implement Carrier
4.1.8 Earth Moving Tractor
4.2 By Geography
4.2.1 North America
4.2.1.1 U.S.
4.2.1.2 Canada
4.2.1.3 Mexico
4.2.1.4 Others
5. Competitive Landscape
5.1 Mergers & Acquisitions
5.2 Joint Ventures
5.3 New Product Launches
5.4 Most Active Companies in the Past Five Years
5.5 Market Share Analysis
6. Company Profiles
6.1 Deere and Company
6.2 CNH Global NV
6.3 Mahindra & Mahindra Ltd.
6.4 AGCO Tractor
6.5 Farmtrac Tractor Europe
6.6 Kubota Tractor Corp
6.7 McCormick Tractors
6.8 Case IH
6.9 Deutz-Fahr
6.10 Claas Tractor
6.11 Kioti Tractor
6.12 Belarus Tractor
6.13 Massey Ferguson Tractor
6.14 Caterpillar Inc.
6.15 SAME Deutz-Fahr
6.16 Fendt
6.17 Escorts
6.18 Valtra
6.19 Daedong-USA Inc.
7. Appendix
7.1 Sources
7.2 Disclaimer
