(Food-Beverage-News.Com, May 18, 2017 ) According to the report “ Global Wheeled Tractor market ”, published by Market Data Forecast, the global market is projected to reach USD 50.3 billion by 2021, at a CAGR of 6.8% from 2016 to 2021.
A tractor is an engineering vehicle used in farming and specially designed to deliver high torque at slow speeds. The usage of tractor is very high in farming and even outside agricultural farms; largest segment of agricultural machinery market is of agricultural usage 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.
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 improvement in efficiency and effortless farming. They are used for agricultural as well as non-agricultural activities, farmers usually use tractors for tilling the farm lands.
Increasing demand from emerging economies along with government support in this sector is fuelling the growth of the market. Apart from this, 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 hinder the growth of the market.
For granular level understanding the Wheeled Tractor Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment.
Based on geography, the report contains a wide array of countries covering all around the globe. Countries in the North America and Asia-Pacific region are the top contributors to this market. China, India, Brazil and Argentina are identified as the predominant markets for Wheeled Tractor. For more of regional analysis check out the following reports.
The major companies operating in the global Wheeled Tractor Market 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.
The Wheeled Tractor Market study offers the following deliverables:
•Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
•Segment-level analysis on basis of type, function along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
•Identification 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 global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
•A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
•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 along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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