North America's wheeled tractor machinery market is valued at USD 15.48 billion in 2024 and is anticipated to reach a valuation of USD 16.37 billion in 2025 from USD 25.58 billion by 2033, growing at a CAGR of 5.74% during the forecast period from 2025 to 2033.
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 improvements 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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2024 to 2033 |
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Base Year |
2024 |
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Forecast Period |
2025 to 2033 |
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CAGR |
5.74% |
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Segments Covered |
By Design, Function, and Country |
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Various Analyses Covered |
Global, Regional, and country-level analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Country's Covered |
The United States, Canada, and the Rest of North America |
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Market Leaders Profiled |
Mahindra & Mahindra, Deere and Company, AGCO tractor, CNH Global NV, Massey Ferguson, Farmtrac Tractor, Escorts, Foton Loval, Goldani, Kukje, Lindner, L S Mtron, Machinery and Industrial Group NV, Shibaura, Tractorul UTB, VST Tillers. |
Mahindra & Mahindra, Deere and Company, AGCO tractor, CNH Global NV, Massey Ferguson, Farmtrac Tractor, Escorts, Foton Loval, Goldani, Kukje, Lindner, L S Mtron, Machinery and Industrial Group NV, Shibaura, Tractorul UTB, VST Tillers, are some of the major market key players involved in the North America wheeled tractor machinery market.
This research report on the North American wheeled tractor machinery market is segmented and sub-segmented into the following categories.
By Design
By Function
By Country
Frequently Asked Questions
As of the latest available data, the North American wheeled tractor machinery market is estimated to be valued at 14.64 billion in 2023 and is expected to grow at a CAGR of 5.74% during the forecast period.
The United States and Canada are the primary drivers of demand for wheeled tractor machinery in North America, owing to the extensive agricultural activities in these countries.
Trends such as the adoption of precision agriculture, advancements in autonomous tractor technology, and the integration of telematics systems are shaping the wheeled tractor machinery market in North America.
Government subsidies in the United States, aimed at supporting the agricultural sector, positively influence the sales of wheeled tractor machinery by making them more affordable for farmers.
In Canada, wheeled tractor machinery is particularly in demand for the cultivation of crops such as wheat, canola, and barley, contributing to the overall market growth.
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