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United States Agricultural Tractor Machinery Market
The United States Agricultural Tractor Machinery was USD XXX million in 2015 and is estimated to reach a value USD XXX million by 2020 with a CAGR of XX%. With the changing industrial trends, leading to development of more sophisticated Agricultural machinery, farming methods took a giant leap forward. These equipment increase the productivity of the producer, improve the quality of product and reduce the hazards of operations. However, with the developing technology, in the foreseeable future, driverless tractors which use GPS maps and electronic sensors may come into play.
Tax incentives are much reduced in US. Thus driving the market in the region. The tractors market has been segmented based on product types into Pedestrian and Wheeled tractors. Also, they can be segmented to various types depending on the end applications into Utility, Row crop, Orchard type, Industrial, Garden, Rotary tillers, Implement carriers and Earth Moving Tractors. However, most of these tractors have much lower average power than the tractors used in the mainly large scale farming structures in major agricultural countries like the US. Major companies operating in the segment are Deere and Company, CNH Global NV, Mahindra & Mahindra Ltd., AGCO tractor, Farmtrac Tractor Europe, Massey Ferguson, and Escorts etc. which are constantly trying to increase their presence and market share by several strategies.
Key Deliverables in the Study
- Market analysis for the United States Agricultural Tractor Machinery Market, with region specific assessments and competition analysis on global 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 global 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 United States Agricultural Tractor Machinery market on both global and regional scales
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
- A 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 on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach and Methodology
2.1 Introduction
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Market Dynamics
3.1 Drivers
3.1.1 Government subsidies for Farm Mechanization
3.1.2 Rising level of mechanization in the agriculture sector
3.2 Restraints
3.2.1 Low purchasing power and high cost
3.2.2 Growing urbanization and decreasing farmland
3.3 Opportunities
3.3.1 Shorter replacement cycle of the tractor boost the sales volume
3.3.2 Higher tractor penetration in the developing countries like India, South Africa etc
3.3.3 Use of tractors for non-agriculture purpose
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Buyers
3.4.2 Bargaining Power of Suppliers
3.4.3 Degree of competetion
3.4.4 Threat of new entrants
3.4.5 Threat of substitutes
4. Market Segmentation
4.1 By Product Type
4.1.1 Pedestrian
4.1.2 Wheeled
4.2 By Application
4.2.1 Utility Tractors
4.2.2 Row crop tractors
4.2.3 Garden & Orchard type Tractor
4.2.4 Others
5. Competitive Landscape
5.1 Mergers and 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 AGCO
6.2 CNH Industrial
6.3 Deere and Company
6.4 Kubota
6.5 Mahindra and Mahindra Ltd.
6.6 Farmtrac Tractor
6.7 Mc Cormick Tractors
6.8 Case IH
6.9 Deutz Fahr
6.10 CLAAAS
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
