A tractor is an engineering vehicle used in farming and especially designed to deliver high torque at slow speeds. The usage of tractor is very frequent in farming and even outside agricultural farms; largest segment of agricultural machinery market is of agricultural usage of tractors. Most frequently the term tractor is used to define a farm machine that mechanizes agricultural tasks with the use of traction and power.
Apart from just agricultural tasks wheeled tractors also provide a source of power to tow the agricultural implements. Tractors are traditionally employed by farmers due to improvement in effortless and efficiency farming. They are used for agricultural and also non-agricultural activities; farmers generally use tractors for tilling the farm lands.
Rising demand from emerging economies along with government support in this sector is fueling the rise of the market. Apart from this, it is essential to increase productivity and yield, growing population and rise in demand for food are the key drivers for the market. The wheeled tractors can only be used in flat lands which restrain the growth of the market.
The products are segmented based on Design type and Function and studied for a deep-level understanding of the Wheeled Tractor Machinery Market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Based on Design Type:
Two Wheeled Tractors
Four Wheeled Tractors
Based on Function:
Implement Carrier
Garden Tractor
Earth Moving Tractor
Row Crop Tractors
Utility Tractors
Industrial Tractors
Rotatory Tillers
Orchard Tractors
Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. A self-restraint in sales growth in many large, developing countries -- particularly India, China, and Brazil -- after a lengthy period of rapid gains will counterbalance a strong recovery in the Western Europe, US, and Japan from the effects of the 2008-2009 global economic recession. North America and Europe have a considerable share in the high power tractor’s segment. The market is dominated by Asia-Pacific in terms of volume and the region also provides high potential with deeper market penetration possibilities.
Middle East and Africa Wheeled Tractor Machinery Market
The key players in Global Wheeled Tractor Machinery Market are Mahindra & Mahindra, AGCO tractor, Deere and Company, CNH Global NV, Massey Ferguson, Escorts, Goldani, Lindner, Machinery and Industrial group NV, Shibaura, L S Mtron, Kukje, Foton Loval, Farmtrac Tractor, Tractorul UTB and VST Tillers.
The Wheeled Tractor Machinery Market study offers the following deliverables:
•Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
•Segment-level analysis in terms of Design type and Function along with market size forecasts and estimations to detect key areas of industry growth in detail
•Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
•Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
•Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
•A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
•Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
•An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
•Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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