Europe Wheeled Tractor Machinery Market grow at a CAGR of 6.12% during 2016-2021

As per the syndicated report published by Market Data Forecast Europe Wheeled Tractor Machinery Market which is estimated to be USD 6.52 billion in 2016 is poised to reach USD 8.77 billion by 2021, at a CAGR of 6.12% from 2016 to 2021.

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It can be attributed to the factors such as rise in the need for higher yield and productivity of crops. However certain challenges like improvement in technology leading to advanced machinery being used as alternates to tractors, must be dealt with to attain the full potential.

A tractor is an engineering vehicle which is used for the purpose of farming and accounts for one of the largest segment of agricultural machinery market which are being used for agricultural purposes.

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In Europe, tractors are used not only for agricultural but for non-agricultural activities as well, where farmers generally use tractors for the purpose of tilling the farm lands.

Europe Wheeled Tractor Machinery Market is segmented based on Design type and functions as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.

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

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Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Rest of Europe). As per the study France is poised to hold the major market share while Germany is the fastest growing market in this region.

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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 are the major players operating in the Europe Wheeled Tractor Machinery Market. 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 Wheeled Tractor Machinery market study offers the following deliverables:

•Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries

•Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis

•Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

•Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porter’s Five Forces Analyses

•Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region

•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

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

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