The Wheeled Tractor Machinery Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Wheeled Tractor Machinery Market is estimated to be $36 USD billion and predicted to rise to $ 50.02 USD billion with a CAGR of 6.8%. The market is segmented by Design (Two Wheeled Tractors and Four Wheeled Tractors) by Function (Implement Carrier, Garden Tractor, Earth Moving Tractor, Row Crop Tractors, Utility Tractors, Industrial Tractors, Rotatory Tillers and Orchard Tractors). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Improvement in efficiency is one of the reasons why tractors are popularly employed by farmers. The market is driven by increasing population, growing demand for food, necessity to increase yields and enhance productivity. Further, Rapid urbanization demands for high investment for developing infrastructure such as railroads, highways, and ports, which leads to the indirect demand for wheeled tractors. The wheeled tractors canâ€™t be used in rough lands which hinder the growth of the market.
Orchard, utility and row crop tractors are most extensively used all around the world and accounts for the largest share of the market.
The market is dominated by Asia-Pacific in terms of volume and the region also offers high potential with deeper market penetration possibilities. North America and Europe have a major share in the high power tractorâ€™s segment.
Major wheeled tractor manufacturing companies 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.
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