North America Wheeled Tractor Machinery Market is expected to reach USD 13.1 billion from USD 9.91 billion while growing at a CAGR of 5.74% during the forecast period from 2022 to 2027. A tractor is an engineering vehicle used in farming, designed to deliver high torque at slow speeds. Tractors are widely used in farming and even outside agricultural farms for other purposes. The tractors used for agricultural purposes contribute to the largest segment of the agricultural machinery market.
In North America, tractors are employed by farmers for agricultural as well as non-agricultural activities. Due to improvement in efficiency and effortless farming with the help of tractors, farmers are resorting to it. Increasing demand from emerging economies, where agriculture is a major revenue-creating sector, along with government support like subsidies provided for farming purchases, are fuelling the growth of the market. Some of the wheeled tractors cannot be used on rough lands, due to which farmers are resorting to other advanced machinery, constraining the sales, and thus, the market growth.
Orchard, utility, and row crop tractors are most extensively used all around the world and account for the largest share of the market.
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