Asia-Pacific Wheeled Tractor Machinery Market 2017 - 2022

  • ID: 4385004
  • Report
  • Region: Asia Pacific
  • 116 pages
  • Mordor Intelligence
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The Asia-Pacific wheeled tractor machinery market has been estimated at USD XX.X billion in 2016 and is expected to reach USD XX.X billion by 2021 at a CAGR of 6.8% during the forecast period from 2016 to 2021. Tractors provide the power and traction to automate agricultural jobs, especially tillage. However, they are used in varied tasks even outside agriculture. Agricultural implements are towed behind a tractor, which provides a source of power for the mechanization of implements. The agricultural usage of tractors is the largest segment in the agricultural machinery sector. Ease of working and improvement in efficiency are some of the reasons why tractors are popularly employed by farmers. Besides, demand from emerging economies and the high level of government support in these regions is fueling the growth of the industry.

India leads the market with the highest number of tractors purchased in the world, followed by China as of 2016. Agriculture is the backbone of India with 60.6% geographical area being agricultural land. China, with 300 million agricultural employees, produces food for 20% of the world’s population with only 10% arable land worldwide. The Japanese use highly technical equipment for agriculture.

Market Dynamics

The driving forces of the market are increasing population, growing demand for food, the necessity to increase yields, and increase in productivity. The future of the wheeled tractor machinery market appears to be optimistic. Opportunities lie in higher market penetration in the developing nations like China and India where machinery use in agriculture is growing. In addition, government subsidies and incentives aid the growth of the wheeled tractor market to a great extent. However, food security issues along with lower purchasing power in the developing regions appear to be a hindrance to the otherwise lucrative market.

Market Segmentation

The report has been segmented based on the wheel tractor type and by geography.

By wheel tractor type, the market is segmented into:

Utility Tractors

Row crop tractors

Orchard type tractor

Industrial Tractor

Garden Tractor

Rotary tillers

Implement Carrier

Earth Moving Tractor

On the basis of geography, the market is segmented into China, Japan, India, Australia, and Others.
Note: Product cover images may vary from those shown
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1. Introduction
1.1 Study Deliverables
1.2 Key Findings of the Study
2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Phase
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Technology Trends
4.1 Current Market Scenario
4.2 Technology Trends
5. Market Dynamics
5.1 Drivers
5.2 Restraints
5.3 Opportunities
5.4 Value & Supply Chain Analysis
5.5 Porter's Five Forces Framework
5.5.1 Bargaining Power of Suppliers
5.5.2 Bargaining Power of Consumers
5.5.3 Threat of New Entrants
5.5.4 Threat of Substitute Products and Services
5.5.5 Competitive Rivalry within the industry
6. Asia-Pacific Wheeled Tractor Machinery Market Segmentation by Type
6.1 Wheeled Tractor
6.1.1 Utility Tractors
6.1.2 Row crop tractors
6.1.3 Orchard type tractor
6.1.4 Industrial Tractor
6.1.5 Garden Tractor
6.1.6 Rotary tillers
6.1.7 Implement Carrier
6.1.8 Earth Moving Tractor
7. Asia-Pacific Wheeled Tractor Machinery Market Segmentation by Geography
7.1 Asia-Pacific
7.1.1 China
7.1.2 Japan
7.1.3 India
7.1.4 Australia
7.1.5 Others
8. Competitive Landscape
8.1 Introduction
8.2 Market Share Analysis
8.3 Latest Products & Developments of Key Players
9. Company Profiles
9.1 Deere and Company
9.2 CNH Global NV
9.3 Mahindra & Mahindra Ltd.
9.4 AGCO tractor
9.5 Farmtrac Tractor
9.6 Kubota Tractor Corp
9.7 McCormick Tractors
9.8 Case IH
9.9 Deutz-Fahr
9.10 Kioti Tractor
9.11 Belarus Tractor
9.12 Massey Ferguson Tractor
9.13 Caterpillar Inc.
9.14 Fendt
9.15 Escorts
9.16 Valtra
10. Future Outlook of the Market
11. Disclaimer
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Note: Product cover images may vary from those shown