Wheeled Tractor Machinery Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Global Wheeled Tractor Machinery Market: By Tractor Design (Two Wheeled Tractors and Four Wheeled Tractors), Tractor Type (Rotary Tillers, Row Crop Tractors, Implement Carrier, Utility Tractors, Industrial Tractor, Earth Moving Tractor, Garden Tractor, Orchard Type Tractor) and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Market Outline: Wheeled Tractor Machinery Market
Wheeled tractors are the vehicles used in the agriculture farming, to deliver the high torque at low speeds. These tractors are commonly used in the agriculture farming and outside the farming for other purposes such as gardening. Tractors provide traction and power to agriculture works especially for tillage. Agriculture usage of tractors is largest segment in the sector. These are commonly used to improve the efficiency of work with reducing time. Different types of wheeled tractor machinery are used for different purposes such as seeding, cutting, harvesting, planting, and tillage among others.


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Market Dynamics: Wheeled Tractor Machinery Market
Rise in demand from emerging countries for tractor machinery, increase in government support such as subsidies on purchase of tractor machinery, grow in agriculture farming, and rise in consumption of food due to increase in population are anticipated to fuel the global wheeled tractor machinery market. Moreover, technological advancements in tractor machinery, wide range of applications in agriculture sector, and increase in work efficiency with less time propel the growth of the market over the forecast period. However, high cost of machinery and some of wheeled tractors cannot be used on rough lands are expected to restrain the growth of the market.

Market Scope: Wheeled Tractor Machinery Market
Wheeled tractor machinery market is segmented on the basis of tractor design and tractor type
Based on the tractor design, it is segmented into the following:
• Two-wheeled tractors
• Four-wheeled tractors
Based on the tractor type, it is segmented into the following:
• Rotary tillers
• Row crop tractors
• Implement carrier
• Utility tractors
• Industrial tractor
• Earthmoving tractor
• Garden tractor
• Orchard type tractor

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Market Summary: Wheeled Tractor Machinery Market
Wheeled tractor machinery market is growing at a significant CAGR owing to increase in the agriculture land coupled with lack of agriculture labours. Government support for the purchasing of tractors such as providing subsidy also increases the revenue of wheeled tractor machinery market. Moreover, acquisitions and mergers and collaborations for the business expansion are the strategies followed by the competitors for increasing their revenue in wheeled tractor machinery market. For instance, in May 2015, Mahindra & Mahindra Ltd acquired 33% stake in Mitsubishi Agriculture Machinery Co Ltd to jointly develop machinery products to address the opportunities in agri-machinery segment around the globe. In addition, launching of new products into the market also propel the wheeled tractor machinery market. For instance, in April 2015, John Deere launched new hay and forage machinery into the market.


Competition Assessment: Wheeled Tractor Machinery Market
Key player profiles in the global Wheeled Tractor Machinery market include:
• Deere & Company (U.S.)
• Mahindra & Mahindra Ltd. (India)
• CNH Industrial (U.S.)
• Caterpillar (U.S.)
• Escorts Group (India)
• Deutz-Fahr Deutschland GmbH (Germany)
• CLASS KGaA mbH (Germany)
• AGCO Corporation (U.S.)
• Kubota Corporation (Japan)
• Mitsubishi Agriculture Machinery Co. Ltd. (Mitsubishi Heavy Industries, Ltd.) (Japan)

Notable Market Developments: Wheeled Tractor Machinery Market
• In March 2017, Mahindra & Mahindra announced that company expanding international play for its farm machinery and tractor business, to earn 50% revenue from overseas market in next two years

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Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market


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