, February 16, 2017 ) According to the report " North America Wheeled Tractor Machinery market
", published by Market Data Forecast, the market is projected to reach USD 11.48 Billion by 2021, at a CAGR of 5.74 % from 2016 to 2021.
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A tractor is a vehicle which is used in farming to deliver high torque at slow speeds. Tractor is a farm automobile used in different tasks in agriculture and even outside agriculture. A wheeled tractor is very much concentrated in pulling any number of types of implements; on the other hand rotary tillers aim in soil tillage with their dedicated digging tools.
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Emerging population is one of the primary factors influencing to the market expansion. The Agricultural Machinery market has also been observing the approach of new technology. Apart from this the key drivers for this market is that necessity to improve productivity to incline the yield and increase in demand for food.
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By Design Type:
•Two Wheeled Tractor
•Four Wheeled Tractor
•Earth Moving Tractor
•Row Crop Tractors
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Major wheeled tractor manufacturing companies are Mahindra & Mahindra, Deere and Company, AGCO tractor, CNH NV, Massey Ferguson, Farmtrac Tractor, Escorts, Foton Loval, Goldani, Kukje, Lindner, L S Mtron, Machinery and Industrial group NV, Shibaura, Tractorul UTB and VST Tillers.
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Scope of the Wheeled Tractor Machinery Market Study:
•Regional and Country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
•Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
•Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
•Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
•Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
•A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
•Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
•An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
•Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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