DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "North America Wheeled Tractor Machinery Market - By Type, Application and Geography-Market Shares, Forecasts and Trends (2015 - 2020)" report to their offering.
The North American Wheeled Tractor Machinery Market is expected to grow at a CAGR of 5.8% during forecast period from 2015 to 2020. Tractor is a farm automobile that provides the power and traction to automate agricultural jobs, especially tillage. However, the tractor is used in varied tasks even outside agriculture.
Agricultural implements are towed behind a tractor, which then provides source of power for the mechanization of implements. Agricultural usage of tractor is the largest segment in the agricultural machinery sector. Improvement in efficiency is one of the reasons why tractors are popularly employed by farmers.
Driving forces of the market are the increasing population, growing demand for agricultural products, which fuel the need to increase in yield and increase productivity. Prospect of tractor machinery market appears positive. Opportunities lie in higher market penetration in the developing nations like Mexico where machinery use in agriculture is growing. Low purchasing power in developing regions like Mexico appears to be a hindrance to the otherwise lucrative market.
Major companies operating in the segment are Deere and Company, CNH North America NV, AGCO tractor, Massey Ferguson, etc. Higher technological developments and penetration in growing markets like Mexico offer potential opportunities in this market.
Key Topics Covered:
1. Introduction
2. Key Findings of the Study
3. Market Dynamics
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
- 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, Inc.
For more information visit http://www.researchandmarkets.com/research/jp59vx/north_america
