Market Overview:
The global wheeled tractor machinery market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for agricultural equipment, rising population and growing food demand, and increasing investments in construction industry. The two wheeled tractor segment is expected to dominate the global wheeled tractor machinery market during the forecast period owing to its low cost and easy maneuverability. However, four-wheeled tractors are anticipated to grow at a higher CAGR as they offer better stability and performance on uneven surfaces when compared with two-wheeled tractors. Agriculture is estimated to be the largest application segment of the global wheeled tractor machinery market during 2018–2030 owing to increased investments by governments across countries for modernizing agriculture sector through adoption of latest technologies such as precision farming techniques and use of advanced equipment such as wheeled tractors.
Product Definition:
A wheeled tractor is a type of tractor that uses wheels to provide power instead of tracks. They are used in many different applications, including agriculture, construction, and transportation.
Two Wheeled Tractors:
The global two wheeled tractors market is expected to witness significant growth over the forecast period. The primary factor attributing to its growth is increasing urbanization and industrialization in emerging economies such as India, China, Vietnam and South Korea.
Growing population has led to an increase in demand for food which has further led farmers to adopt more efficient agricultural techniques and equipment that can help them serve the customers better with less wastage of produce.
Four Wheeled Tractors:
The four-wheeled tractors are also known as quad tractors or quads. It has wheels at the rear and four tires in front. The design of this vehicle is usually square shaped, with large tires that provide stability while driving. These vehicles are used for farming activities such as landscaping, digging ditches, moving soil, and similar civil works mainly by contractors and companies that require heavy equipment for their projects.
Application Insights:
The agriculture application segment led the global wheeled tractor machinery market in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand for tractors with high horsepower and payload capacities for agricultural use. Furthermore, increasing investments by governments in rural infrastructure development along with favorable government policies towards farmers are anticipated to further propel product demand from this sector over the coming years.
The industry application segment held a substantial share of more than 30% in 2017 and is projected to expand at a steady CAGR from 2018 to 2030 due largely on account of industrialization process in developing countries including China, India, Brazil etc., which eventually resulted into increased production activities resulting into increased demand for heavy-duty machinery such as four-wheelers among other related products such as harvesters & seeders etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large presence of small-scale manufacturers, most of whom are family owned. These players have been providing efficient services for decades and are thus well established. They have also been investing in research & development activities to improve their production capabilities as well as machinery efficiency, which is anticipated to bode well for the regional market over the coming years.
The demand for tractors has increased significantly owing to rising agricultural activities across Asia Pacific countries such as India, China, Philippines and Indonesia among others due to favorable weather conditions such as ample rainfall that leads towards an increase in crop cultivation along with increasing population density resulting into food scarcity that drives farmers towards farming practices including crop rotation practices along with growing mechanization thereby driving product adoption rates across various applications including construction industry.
Growth Factors:
- Increasing demand for food owing to the growing population
- Rising disposable income of consumers in developing countries
- Technological advancements in wheeled tractor machinery that improve efficiency and performance
- Growing awareness about the benefits of using wheeled tractor machinery among farmers
- Government initiatives and subsidies for promoting the use of modern agricultural equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Wheeled Tractor Machinery Market Research Report
By Type
Two Wheeled Tractors, Four Wheeled Tractors
By Application
Agriculture, Industry, Construction industry
By Companies
Deere and Company, CNH Global NV, Mahindra & Mahindra Ltd., AGCO Tractor, Farmtrac Tractor Europe, Kubota Tractor Corp, McCormick Tractors, Case IH, Deutz-Fahr, Claas Tractor, Kioti Tractor, Belarus Tractor, Massey Ferguson Tractor, Caterpillar Inc., SAME Deutz-Fahr, Fendt, Escorts, Valtra, Daedong-USA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Wheeled Tractor Machinery Market Report Segments:
The global Wheeled Tractor Machinery market is segmented on the basis of:
Types
Two Wheeled Tractors, Four Wheeled Tractors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agriculture, Industry, Construction industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Deere and Company
- CNH Global NV
- Mahindra & Mahindra Ltd.
- AGCO Tractor
- Farmtrac Tractor Europe
- Kubota Tractor Corp
- McCormick Tractors
- Case IH
- Deutz-Fahr
- Claas Tractor
- Kioti Tractor
- Belarus Tractor
- Massey Ferguson Tractor
- Caterpillar Inc.
- SAME Deutz-Fahr
- Fendt
- Escorts
- Valtra
- Daedong-USA
Highlights of The Wheeled Tractor Machinery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Two Wheeled Tractors
- Four Wheeled Tractors
- By Application:
- Agriculture
- Industry
- Construction industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wheeled Tractor Machinery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wheeled tractor machinery is a type of farm equipment that uses four or more wheels to move. Tractors are used for a variety of tasks on farms, including planting, harvesting, and moving crops and livestock.
Some of the key players operating in the wheeled tractor machinery market are Deere and Company, CNH Global NV, Mahindra & Mahindra Ltd., AGCO Tractor, Farmtrac Tractor Europe, Kubota Tractor Corp, McCormick Tractors, Case IH, Deutz-Fahr, Claas Tractor, Kioti Tractor, Belarus Tractor, Massey Ferguson Tractor, Caterpillar Inc., SAME Deutz-Fahr, Fendt, Escorts, Valtra, Daedong-USA.
The wheeled tractor machinery market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wheeled Tractor Machinery Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wheeled Tractor Machinery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wheeled Tractor Machinery Market - Supply Chain
4.5. Global Wheeled Tractor Machinery Market Forecast
4.5.1. Wheeled Tractor Machinery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wheeled Tractor Machinery Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wheeled Tractor Machinery Market Absolute $ Opportunity
5. Global Wheeled Tractor Machinery Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wheeled Tractor Machinery Market Size and Volume Forecast by Type
5.3.1. Two Wheeled Tractors
5.3.2. Four Wheeled Tractors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wheeled Tractor Machinery Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wheeled Tractor Machinery Market Size and Volume Forecast by Application
6.3.1. Agriculture
6.3.2. Industry
6.3.3. Construction industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wheeled Tractor Machinery Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wheeled Tractor Machinery Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wheeled Tractor Machinery Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wheeled Tractor Machinery Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wheeled Tractor Machinery Demand Share Forecast, 2019-2026
9. North America Wheeled Tractor Machinery Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wheeled Tractor Machinery Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wheeled Tractor Machinery Market Size and Volume Forecast by Application
9.4.1. Agriculture
9.4.2. Industry
9.4.3. Construction industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wheeled Tractor Machinery Market Size and Volume Forecast by Type
9.7.1. Two Wheeled Tractors
9.7.2. Four Wheeled Tractors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wheeled Tractor Machinery Demand Share Forecast, 2019-2026
10. Latin America Wheeled Tractor Machinery Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wheeled Tractor Machinery Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wheeled Tractor Machinery Market Size and Volume Forecast by Application
10.4.1. Agriculture
10.4.2. Industry
10.4.3. Construction industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wheeled Tractor Machinery Market Size and Volume Forecast by Type
10.7.1. Two Wheeled Tractors
10.7.2. Four Wheeled Tractors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wheeled Tractor Machinery Demand Share Forecast, 2019-2026
11. Europe Wheeled Tractor Machinery Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wheeled Tractor Machinery Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wheeled Tractor Machinery Market Size and Volume Forecast by Application
11.4.1. Agriculture
11.4.2. Industry
11.4.3. Construction industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wheeled Tractor Machinery Market Size and Volume Forecast by Type
11.7.1. Two Wheeled Tractors
11.7.2. Four Wheeled Tractors
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Pojections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wheeled Tractor Machinery Demand Share, 2019-2026
12. Asia Pacific Wheeled Tractor Machinery Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wheeled Tractor Machinery Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wheeled Tractor Machinery Market Size and Volume Forecast by Application
12.4.1. Agriculture
12.4.2. Industry
12.4.3. Construction industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wheeled Tractor Machinery Market Size and Volume Forecast by Type
12.7.1. Two Wheeled Tractors
12.7.2. Four Wheeled Tractors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wheeled Tractor Machinery Demand Share, 2019-2026
13. Middle East & Africa Wheeled Tractor Machinery Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wheeled Tractor Machinery Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wheeled Tractor Machinery Market Size and Volume Forecast by Application
13.4.1. Agriculture
13.4.2. Industry
13.4.3. Construction industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wheeled Tractor Machinery Market Size and Volume Forecast by Type
13.7.1. Two Wheeled Tractors
13.7.2. Four Wheeled Tractors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wheeled Tractor Machinery Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wheeled Tractor Machinery Market: Market Share Analysis
14.2. Wheeled Tractor Machinery Distributors and Customers
14.3. Wheeled Tractor Machinery Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Deere and Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CNH Global NV
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mahindra & Mahindra Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AGCO Tractor
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Farmtrac Tractor Europe
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kubota Tractor Corp
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. McCormick Tractors
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Case IH
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Deutz-Fahr
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Claas Tractor
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kioti Tractor
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Belarus Tractor
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Massey Ferguson Tractor
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Caterpillar Inc.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SAME Deutz-Fahr
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Fendt
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Escorts
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Valtra
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Daedong-USA
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
