Wheeled Tractor is an engineering vehicle, specially designed to deliver high torque at slow speeds. These are fitted with large rubber-tired wheels which can travel similarly fast over rough ground.
Envision Intelligence estimates that Global Wheeled Tractor Machinery is projected to reach 50.7 Billion by the end of 2024 with a CAGR of 7.5%.
Famers usually use the tractors for tilling the farmlands.
Agriculture usage of tractors is the major segment in this sector. Improvement in efficiency and effortless farming is one of the reasons why tractors are popularly utilized by farmers.
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Industrial spheres and agriculture can’t go without a wheel tractor and it indicates the class of high-efficient vehicles, capable of performing multiple tasks. The technical benefits of wheeled tractor include high pulling power and substantial payload capacity.
For the improvement of seeding and fertilizing process, it takes the help from spreader attached to your tractor. Asia-Pacific is expected to dominate the wheeled tractor machinery market.
Key players in the market include:
- Deere and Company
- CNH Global NV
- Farmtrac Tractor Europe
- Mahindra & Mahindra Ltd.
- AGCO Tractor
This report contains the in-depth analysis on the market and the estimations are done using volume and value data are further validated on three approaches including bottom-up, top-down and from top companies’ revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.
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