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

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The United States wheeled tractor machinery market, estimated at USD XX billion in 2016 is expected to reach USD XX billion by 2021, at a CAGR of 7.1% over the forecast period. The row crop tractor is the most commonly used wheel tractor for crop cultivation. These tractors are provided with replaceable driving wheels of varying tread widths. The vehicle has a high ground clearance to prevent any damage to crops. Agricultural gear is towed behind providing a source of power for the automation of gear. Agricultural usage of tractors is the largest segment in the agricultural machinery sector. Improvement in efficiency and ease of work are the main reasons why tractors are popularly employed by farmers. Wheeled tractors usually have three to four pneumatic wheels.

Market Dynamics

The market is driven by the increasing population, growing demand for sustainable agriculture, improvement in technology and the necessity to amplify productivity. Farmers in the US are increasingly taking all measures to carry out sustainable farming by using eco-friendly and efficient agricultural equipment to reduce the impact of agricultural pollutants on the flora-fauna and water quality. Adoption of precision farming methodologies, with the reduction of fuel use, can significantly help reduce the emission of greenhouse gasses. However, the availability of labor has been an issue since it is expensive and there is a dearth of localized labor supply owing to an aging agricultural workforce, along with the shifting of focus among people towards other manufacturing and industrial jobs.

Market Segmentation

Segmentation by wheel tractor type:

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

Key Industry Players

The major companies in the wheeled tractor machinery market are:

  • AGCO Tractor
  • Case IH
  • CNH Global NV
  • Deere and Company
  • Farmtrac Tractor Europe
  • Kubota Tractor Corp
  • Mahindra & Mahindra Ltd.
  • McCormick Tractors

Key Deliverables in the Study

  • Market analysis of the United States 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 United States 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 Study Deliverables

1.2 Key Findings of the Study

2. Research Methodology

2.1 Introduction

2.2 Analysis Methodology

2.3 Study Phase

2.4 Econometric Modelling

3. Executive Summary

4. Market Overview and Technology Trends

4.1 Current Market Scenario

4.2 Technology Trends

5. Market Dynamics

5.1 Drivers

5.2 Restraints

5.3 Opportunities

5.4 Value & Supply Chain Analysis

5.5 Porter's Five Forces Framework

5.5.1 Bargaining Power of Suppliers

5.5.2 Bargaining Power of Consumers

5.5.3 Threat of New Entrants

5.5.4 Threat of Substitute Products and Services

5.5.5 Competitive Rivalry within the Industry

6. The US Wheeled Tractor Machinery Market, Segmentation by Type                   

6.1 Wheeled Tractor

6.1.1 Utility Tractors

6.1.2 Row Crop Tractors

6.1.3 Orchard Type Tractor

6.1.4 Industrial Tractor

6.1.5 Garden Tractor

6.1.6 Rotary Tillers

6.1.7 Implement Carrier

6.1.8 Earth Moving Tractor

7. Competitive Landscape

7.1 Introduction

7.2 Market Share Analysis

7.3 Latest Products & Developments of Key Players

8. Company Profiles

8.1 Deere and Company

8.2 CNH Global NV

8.3 Mahindra & Mahindra Ltd.

8.4 AGCO Tractor

8.5 Farmtrac Tractor Europe

8.6 Kubota Tractor Corp

8.7 McCormick Tractors

8.8 Case IH

8.9 Deutz-Fahr

8.10 Claas Tractor

8.11 Kioti Tractor

8.12 Belarus Tractor

8.13 Massey Ferguson Tractor

8.14 Caterpillar Inc.

8.15 SAME Deutz-Fahr

8.16 Fendt

8.17 Escorts

8.18 Valtra

8.19 Daedong-USA Inc.

9. Future Outlook of the Market

10. Disclaimer

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