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

  • ID: 4385412
  • Report
  • Region: America, North America, United States
  • 123 pages
  • Mordor Intelligence
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The North America utility tractor market was XX million US$ in 2014 and expected to reach XX million US$ by 2020 growing at a CAGR of XX% during the forecasted period 2015-2020. Utility tractor are more user friendly, compact, high power operation agrimachinery used for various purpose as agriculture, landscaping, ploughing, grounds keeping. The ease of fixing and detaching supporting parts is the important feature of this machine. Also it is used to such farms where farmers cannot afford to keep multiple machinery for agriculture operations. North America is the leading market for utility traction with a share of xx%.

The major driver for the market are continuous innovation in technology in agrimachinery, minimising the need for multi machinery for agriculture, increase in demand of agriculture products as a result of growing population, government subsidies for agro machinery to farmers. The efficient and potential use with low space requirement making it attractive to the farmers is driving the market. However the fluctuations in grain prices which leds to lower farm income creates unwillingness for farmers to invest in the purchasing equipment’s. The availability of other similar functioning machinery for agriculture function is being a restrain for the market. The high power and energy requirement for tractors to complete the agriculture operations are also affecting the market. Growing urbanization has resulted in decrease of farmland which is also major factor affecting its market growth.

Market segmentation of utility tractors are categorised by the application type, by drive type and by geography. In the application type market is further segmented into three types as dairy field operations, hay & agriculture products operations and landscaping. Utility tractors have major applications in hay and agriculture products. The market segment by drive type includes pedestrian type and wheeled type. Wheeled type market is sub segmented into two, three and four wheel type. Wheel type utility tractor has a major market than the track type. Two wheeled tractors are extremely common in the agriculture operations worldwide and has the highest market share among others.
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 Definitions
2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers Increased demand for high power tractor in the region High agriculture productivity in the region Minimising the need for multiple agrimachinery Government subsidies for Farm Mechanization Growth in population and need for agriculture productivity Scarcity of labour
4.2.2 Constraints Availability of other smilar functioning agrimachinery High energy requirement Fluctuation in grain price and lower farm income of farmers Growing urbanization and decreasing farmland
4.2.3 Opportunities Shorter replacement cycle of the tractor boost the sales volume Use of tractors for non-agriculture purpose
4.2.4 Porter's Five Forces Analysis Bargaining Power of Suppliers Bargaining Power of Buyers Threat of New Entrants Threat of Substitute Products and Services Degree of Competition
5.1 By Application
5.1.1 Dairy farmland
5.1.2 Hay & agriculture products
5.1.3 Landscaping
5.2 By Drive Type
5.2.1 Pedestrian
5.2.2 Wheeled Two wheels Three wheelers Four wheelers
5.3 By Geography
5.3.1 North America U.S. Canada Mexico Others
6. Competitive Landscape
6.1 Mergers & Acquisitions
6.2 Joint Ventures
6.3 New Product Launches
6.4 Most active companies by market strategies
6.5 Market Share Analysis
7. Company Profiles
7.1 Deere and Company
7.2 CNH Global NV
7.3 Mahindra & Mahindra Ltd.
7.4 AGCO tractor
7.5 Farmtrac Tractor Europe
7.6 Kubota Tractor Corp
7.7 McCormick Tractors
7.8 Case IH
7.9 Deutz-Fahr
7.10 Claas Tractor
7.11 Kioti Tractor
7.12 Belarus Tractor
7.13 Agco Tractor
7.14 Massey Ferguson Tractor
7.15 Caterpillar Inc.
7.16 SAME Deutz-Fahr
7.17 Fendt
7.18 Escorts
7.19 Valtra
7.20 Massey Ferguson
7.21 Daedong-USA, Inc.
8. Appendix
8.1 Sources
8.2 Disclaimer
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown