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Wheeled Tractor Machinery Market projected To Grow With Significant CAGR Over The Forecast Period
Wheeled Tractor Machinery Market projected To Grow With Significant CAGR Over The Forecast Period


Wheeled Tractor Machin...
BriefingWire.com, 5/17/2018 - Overview of the Wheeled Tractor Machinery Market

Wheeled tractors are those vehicles in which high torque can be achieved at low speed. Due to this property, wheeled tractors are widely used in farming and gardening applications. These tractors are capable enough to provide the required traction and power needed for agricultural works, especially when land is being prepared for growing crops. These wheeled tractors are efficient and help in reducing the overall time, thus agriculture has become one of its major application areas.

Market Dynamics for the Wheeled Tractor Machinery Market

Rising demand for food in order to meet the requirement of increasing population, rising demand for tractors from emerging nations, government support in the form of subsidies on purchase of tractors are the factors which are likely to boost the growth for the wheeled tractors machinery market.

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Market Segmentation of the wheeled Tractor Machinery Market:-

The wheeled tractor machinery market can be segmented on the basis of tractor design and tractor type

On the basis of design, the wheeled tractor machinery market can be segmented as below:-

• Two-wheeled tractors

• Four-wheeled tractors

On the basis of the tractor type, the wheeled tractor machinery market can be segmented as below:-

• Rotary tillers

• Row crop tractors

• Implement carrier

• Utility tractors

• Industrial tractor

• Earthmoving tractor

• Garden tractor

• Orchard type tractor

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Scope for wheeled Tractor Machinery Manufacturers:-

As there is growing demand for wheeled tractors in developing countries, also, farmers in these countries are likely to get subsidy from their governments on purchases of wheeled tractors. Thus, there is good scope for the manufacturers of these tractor machineries in these developing countries. Mergers, acquisitions and joint collaborations are few strategies being adopted by the players in order to grow.

Region wise Wheeled Tractor Machinery Market:-

On the basis of geography, the wheeled tractor machinery market can be divided into five key regions. They are:-

• North America

• Latin America

• Europe

• Asia-Pacific

• Middle East &

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The Wheeled Tractor Machinery Market – Key Players

Following are the key players in the wheeled tractor machinery market:-

• Deere & Company (U.S.)

• Mahindra & Mahindra Ltd. (India)

• CNH Industrial (U.S.)

• Caterpillar (U.S.)

• Escorts Group (India)

• Deutz-Fahr Deutschland GmbH (Germany)

• CLASS KGaA mbH (Germany)

• AGCO Corporation (U.S.)

• Kubota Corporation (Japan)

• Mitsubishi Agriculture Machinery Co. Ltd. (Mitsubishi Heavy Industries, Ltd.) (Japan)

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