Middle-East and Africa Wheeled Tractor Machinery Market grow at a CAGR of 6.26% during 2016-2021

“Middle-East and Africa Wheeled Tractor Machinery Market" research report, published by Market Data Forecast estimates that the market is growing with a CAGR of 6.26% to reach USD 5.89 billion by 2021, from USD 4.34 billion in 2016.

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A tractor is an engineering vehicle that is used for farming purposes, designed such that it delivers high torque at slow speeds. Tractors are vastly used in farming and also for non-agricultural purposes. The tractors used for agricultural purposes account for the largest segment in the agricultural machinery sector.

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In Middle East, tractors are used by farmers for agricultural as well as the non-agricultural activities. As a result of improvement in the efficiency and reduction of efforts in farming due to the help of tractors, farmers are resorting to it.

Key factors which affects and thereby shift the market dynamics are studied intrinsically and are presented in an illustrious way in the report. Some of those factors are
•Increasing Demand in economies with agriculture as major revenue sector
•Supportive Government regulations like subsidies etc.
For granular level understanding the Wheeled Tractor Machinery Market is segmented based on design type and function, each being provided with Market Size Estimations and Y-o-Y Forecasts.

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Based on Design Type:
Two Wheeled Tractors
Four Wheeled Tractors

Based on Function:
Implement Carrier
Garden Tractor
Earth Moving Tractor
Row Crop Tractors
Utility Tractors
Industrial Tractors
Rotatory Tillers
Orchard Tractors

The Middle-East and Africa market is also analyzed individually in both the regions, thereby providing a more detailed geographical understanding of the market. Some of the major countries that hold significant place in this market include Egypt, KSA, UAE, Nigeria and Algeria.

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Some of the key players that operate in the Middle-East and Africa Wheeled Tractor Machinery market include 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. According to recent reports, Mahindra and Mahindra introduced their new product in the market recently, by the name of Jivo priced at 3.9 lacks INR and the company claims that it will have a huge impact in small farm mechanisations.

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The Middle-East and Africa Wheeled Tractor Machinery market report offers wide-range of scope:

•Regional level analysis that provides an individual perspective of Middle-East and Africa region individually and on a whole

•Know more about key areas of industry growth via detailed Segment-level analysis on basis of type, application, end-user along with market size forecasts and y-o-y estimations

•Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics

•Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics

•Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview

•Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

•Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market

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