Agriculture & Forestry Industry Market News

Discover why the wheeled tractor machinery market will grow at a high rate

Agriculture Market Research

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%.

Introduction:

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.

Key pointers in the report include:

  • Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis, PESTLE analysis, SWOT Analysis& Y-O-Y analysis are performed to comprehend the market dynamics and key companies’ position during the next five years.
  • A team of analysts has analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals, which will specify the emerging scope of the market in end-user industries.
  • Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
  • Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each segment of the market.
  • A complete 360-degree analysis including product portfolio, business portfolio, developmental strategies, and key developments from the companies in the historical period for the key players operating in the market is included in the report.
  • Advanced customizations on countries, specific applications in end-user industries, product based customizations will be provided based on the request. All the collected data is further validated and verified using surveys, interviews, and interactions with industrial experts.

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