Global Wheeled Tractor Machinery Market Size (2024 to 2029)

The global wheeled tractor machinery market size is expected to reach USD 47.10 billion in 2024 and reach USD 65.44 billion in 2029, growing at a CAGR of 6.8% from 2024 to 2029.

CURRENT SCENARIO OF THE GLOBAL WHEELED TRACTOR MACHINERY MARKET

A tractor is an engineering vehicle used in farming and specially designed to deliver high torque at slow speeds. The usage of tractors is very high in farming and even outside agricultural farms the largest segment of the agricultural machinery market is the agricultural use of tractors. Most frequently the term tractor is used to define a farm machine that mechanizes agricultural tasks with the use of power and traction.

MARKET DRIVERS AND RESTRAINTS

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 improvements in efficiency and effortless farming. They are used for agricultural as well as non-agricultural activities farmers usually use tractors for tilling the farmlands.

Increasing demand from emerging economies along with government support in this sector is fuelling the growth of the market. Apart from this, a necessity to increase yield and productivity, increasing population, and rise in demand for food are the key drivers for the market. The wheeled tractors can’t be used in rough lands which hinders the growth of the market.

REPORT COVERAGE:

SEGMENT ANALYSIS

Wheeled Tractor Machinery Market By Function:

Orchard, utility and row crop tractors are most extensively used all around the world and account for the largest share of the market.

REGIONAL ANALYSIS:

A moderation in sales growth in many large, developing countries, particularly Brazil, China, and India, after a lengthy period of rapid gains, will counterbalance a strong recovery in the US, Western Europe, and Japan from the effects of the 2008-2009 global economic recession. North America and Europe have a major share in the high-power tractor segment. The market is dominated by Asia-Pacific in terms of volume and the region also offers high potential with deeper market penetration possibilities.

KEY PLAYERS IN THE WHEELED TRACTOR MACHINERY MARKET

Mahindra & Mahindra, Deere and Company, AGCO tractor, CNH Global NV, Massey Ferguson, Farmtrac Tractor, Escorts, Foton Loval, Goldani, Kukje, Lindner, LS Mtron, Machinery and Industrial Group NV, Shibaura, Tractorul UTB, VST Tillers. Some of the market players dominate the global wheeled tractor machinery market.

DETAILED SEGMENTATION OF THE GLOBAL WHEELED TRACTOR MACHINERY MARKET INCLUDED IN THIS REPORT

This research report on the global wheeled tractor machinery market is segmented and sub-segmented based on By Design, Function and Region.

By Design

• Two-Wheeled Tractors
• Four-Wheeled Tractors 

By Function

• Implement Carrier
• Garden Tractor
• Earth Moving Tractor
• Row Crop Tractors
• Utility Tractors
• Industrial Tractors
• Rotatory Tillers
• Orchard Tractors

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa