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 agricultural machinery market.
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 2018 to 2023.
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 economy, 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.
In North America, on the basis of design, the tractors are classified as two and four wheeled machines. According to function, they are classified as implement carrier, garden tractor, earth moving tractor, row crop tractors, utility tractors, industrial tractors, rotatory tillers and orchard tractors. Orchard, utility and row crop tractors are most extensively used all around the world and accounts for the largest share of the market.
Major wheeled tractor manufacturing companies in the North American market are 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 and VST Tillers.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Design Type
5.1.1 Two Wheeled Tractors
5.1.2 Four Wheeled Tractors
5.2 By Function
5.2.1 Implement Carrier
5.2.2 Garden Tractor
5.2.3 Earth Moving Tractor
5.2.4 Row Crop Tractors
5.2.5 Utility Tractors
5.2.6 Industrial Tractors
5.2.7 Rotatory Tillers
5.2.8 Orchard Tractors
6. Geographical Analysis
6.1 Introduction
6.2 United States
6.3 Canada
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Mahindra & Mahindra
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Deere and Company
8.3 AGCO tractor
8.4 CNH Global NV
8.5 Massey Ferguson
8.6 Farmtrac Tractor
8.7 Escorts
8.8 Foton Loval
8.9 Goldani
8.10 Kukje
8.11 Lindner
8.12 L S Mtron
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
