North America Wheeled Tractor Machinery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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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:

  • Utility tractors
  • Row crop tractors
  • Orchard type tractor
  • Industrial tractor
  • Garden tractor
  • Rotary tillers
  • Implement carrier
  • Earth moving tractor

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:

  • Deere and Company
  • CNH North America NV
  • AGCO Tractor
  • Massey Ferguson

Key Deliverables in the Study

  • Market analysis of the North America wheeled tractor machinery market, with region specific assessments and competition analysis on national and regional scales.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a national and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market shares.
  • Identification and analysis of the macro and micro factors that affect the North America wheeled tractor machinery market on both national and regional scales.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • Wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights into the major countries in which this industry is growing and identifying the regions still untapped.

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





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

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