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

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The market, estimated at USD XX billion in 2016 is expected to reach USD XX billion by 2021, at a CAGR of 7.3% 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. Besides, demand from emerging economies and the high level of government support in these regions are fueling the growth of the industry.

Market Dynamics

Besides, demand from emerging economies and high level of government support in these regions the market is also driven by increasing population, growing demand for food, the necessity to amplify yields and productivity. Low purchasing power in developing regions appears to be a hindrance to the otherwise lucrative market.

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

Row crop, utility, and orchard are the most widely used tractors in the world and account for largest shares of the markets respectively.

On the basis of geography, the market is dominated by Asia-Pacific in terms of volume. Europe and North America have major shares in terms of high-powered tractors. Opportunities lie in higher market penetration in the developing regions of Asia and South America.

Key Industry Players

Major companies operating in the segment are:

  • Deere and Company
  • CNH Global NV
  • Mahindra & Mahindra Ltd.
  • AGCO Tractor
  • Farmtrac Tractor Europe
  • Massey Ferguson
  • Escorts

Key Deliverables in the Study

  • Market analysis of the global wheeled 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 global wheeled 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.
  • 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 Government Subsidies for Farm Mechanization

                                3.2.2 Growth in Adoption in Developing Regions

                3.3 Constraints

                                3.3.1 Low Purchasing Power and High Cost

                                3.3.2 Growing Urbanization and 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 Like India, South Africa Etc.

                                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

                                4.2.2 Europe

                                                4.2.2.1 Germany

                                                4.2.2.2 U.K.

                                                4.2.2.3 France

                                                4.2.2.4 Spain

                                                4.2.2.5 Italy

                                                4.2.2.6 Others

                                4.2.3 Asia-Pacific

                                                4.2.3.1 China

                                                4.2.3.2 Japan

                                                4.2.3.3 India

                                                4.2.3.4 Australia

                                                4.2.3.5 Others

                                4.2.4 South America

                                                4.2.4.1 Brazil

                                                4.2.4.2 Argentina

                                                4.2.4.3 Other

                                4.2.5 Africa

                                                4.2.5.1 South Africa

                                                4.2.5.2 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

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