United States Wheeled Tractor Machinery Market (2017 - 2022)
The US wheeled tractor machinery market is currently worth USD X.X billion and is expected to grow at a CAGR of 7.1% from 2016 to 2021. The row crop tractor is the commonly used wheel tractor for crop cultivation. These tractors are provided with replaceable driving wheels of varying tread widths. The vehicle has a high ground clearance to prevent any damage to crops. Agricultural gear is towed behind a tractor that usually provides a source of power for the automation of gear. Agricultural usage of tractors is the largest segment in the agricultural machinery sector. Improvement in efficiency and ease of work are the main reasons why tractors are popularly employed by farmers. Wheeled tractors usually have 3 to 4 pneumatic wheels
The market is driven by the increasing population, growing demand for sustainable agriculture, and the necessity to increase productivity. Farmers in the US are increasingly taking all measures to carry out sustainable farming by using eco-friendly and efficient agricultural equipment to reduce the impact of agricultural pollutants on the flora and fauna and water quality. Adoption of precision farming methodologies, with the reduction of fuel use, can significantly help reduce the emission of greenhouse gases. Improvement in technology appears to boost the development of tractors in agricultural use.However, the availability of labor has been an issue since employment of labor has become expensive and there is a dearth of localized labor supply owing to an aging agricultural workforce along with the shifting of focus among people toward other manufacturing and industrial jobs. The prospect of wheeled tractor machinery market looks positive. Majority of the farmers already use farm equipment.
The market has been segmented based on the wheel tractor type and by geography.
Segmentation by Wheel Tractor Type:
Row crop tractors
Orchard type tractor
Earth moving tractor
The major companies in the wheeled tractor machinery market are:
CNH Global NV
Deere and Company
Farmtrac Tractor Europe
Kubota Tractor Corp
Mahindra & Mahindra Ltd.