North America Agricultural Tractor Machinery Market - By Type, Application and Geography-Market Shares, Forecasts and Trends 2017 - 2022

  • ID: 4385018
  • Report
  • Region: North America, United States
  • 137 pages
  • Mordor Intelligence
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The North American Agricultural Tractor Machinery was USD XXX million in 2015 and is estimated to reach a value USD XXX million by 2020 with a CAGR of XX%. With the changing industrial trends, leading to development of more sophisticated Agricultural machinery, farming methods took a giant leap forward. The power source required for farming was supplied by Ox and other domestic animals, but gradually, portable engine was developed. Improvising the same, tractor engine, a multipurpose mobile energy source that was the ground-crawling cousin to the steam locomotive came into use. The first tractor came into use in the late 19th century. These equipment increase the productivity of the producer, improve the quality of product and reduce the hazards of operations. However, with the developing technology, in the foreseeable future, driverless tractors which use GPS maps and electronic sensors may come into play.

The several subsidies by the government for Farm mechanization is driving the Agricultural tractor machinery market. The increasing modernization and thus the decrease in the farmland is a hindrance for growth of the tractors market. The Agricultural tractors are also being used in several other non-agricultural applications such as in sand mines, brick kilns, road making etc., thus providing an opportunity for growth for the key players in the market.

The tractors market has been segmented based on product types into Pedestrian and Wheeled tractors. Also, they can be segmented to various types depending on the end applications into Utility, Row crop, Orchard type, Industrial, Garden, Rotary tillers, Implement carriers and Earth Moving Tractors. However, most of these tractors have much lower average power than the tractors used in the mainly large scale farming structures in major agricultural countries like the US. Major companies operating in the segment are Deere and Company, CNH Global NV, Mahindra & Mahindra Ltd., AGCO tractor, Farmtrac Tractor Europe, Massey Ferguson, and Escorts etc. which are constantly trying to increase their presence and market share by several strategies.
Note: Product cover images may vary from those shown
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1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach and Methodology
2.1 Introduction
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Market Dynamics
3.1 Drivers
3.1.1 Government subsidies for Farm Mechanization
3.1.2 Rising level of mechanization in the agriculture sector
3.2 Restraints
3.2.1 Low purchasing power and high cost
3.2.2 Growing urbanization and decreasing farmland
3.3 Opportunities
3.3.1 Shorter replacement cycle of the tractor boost the sales volume
3.3.2 Higher tractor penetration in the developing countries like India, South Africa etc
3.3.3 Use of tractors for non-agriculture purpose
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Buyers
3.4.2 Bargaining Power of Suppliers
3.4.3 Degree of competetion
3.4.4 Threat of new entrants
3.4.5 Threat of substitutes
4. Market Segmentation
4.1 By Product Type
4.1.1 Pedestrian
4.1.2 Wheeled
4.2 By Application
4.2.1 Utility Tractors
4.2.2 Row crop tractors
4.2.3 Garden & Orchard type Tractor
4.2.4 Others
4.3 By Geography
4.3.1 North America United States Canada Mexico Others
5. Competitive Landscape
5.1 Mergers and Acquisitions
5.2 Joint Ventures
5.3 New Product Launches
5.4 Most active companies in the past five years
5.5 Market Share Analysis
6. Company Profiles
6.1 AGCO
6.2 CNH Industrial
6.3 Deere and Company
6.4 Kubota
6.5 Mahindra and Mahindra Ltd.
6.6 Farmtrac Tractor
6.7 Mc Cormick Tractors
6.8 Case IH
6.9 Deutz Fahr
6.11 Kioti Tractor
6.12 Belarus Tractor
6.13 Massey Ferguson Tractor
6.14 Caterpillar Inc
6.15 SAME Deutz Fahr
6.16 Fendt
6.17 Escorts
6.18 Valtra
6.19 Daedong USA Inc
7. Appendix
7.1 Sources
7.2 Disclaimer
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown