North America Tractor Market By Power Output (Under 40 HP, 40 & Under 100 HP, 100 HP & Above), By Drive Type (2-wheel Drive & 4-wheel Drive), By Application (Agriculture & Non-Agriculture), By Country, Competition Forecast & Opportunities, 2013-2023

North America tractor market stood at over $ 12 billion in 2017 and is projected to surpass $ 20 billion by 2023, on the back of growing construction, infrastructure and mining sectors in North America. Moreover, rising wages of laborers is pushing farmers to purchase tractors to cut down this expense, which is further likely to push demand for tractors across North America. Additionally, growing competition in North America tractor market is pushing OEMs to develop products with lower cost and higher efficiency. This factor along with rising penetration of autonomous tractors is anticipated to aid the growth of North America tractor market.

Years considered for this report:

Historical Years: 2013 – 2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019 – 2023

Objective of the Study:

·         To study North America tractor market scenario, which covers 2-wheel drive tractors and 4-wheel drive tractors.

·         To analyze and forecast the market size of North America tractor market.

·         To classify and forecast North America tractor market on the basis of power output, drive type, application and country.

·         To identify drivers and challenges for North America tractor market.

·         To identify market trends & developments in North America tractor market.

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Some of the major players operating in North America tractor market include Mahindra & Mahindra Ltd., Deere & Co (DE) (John Deere), Tractors and Farm Equipment Ltd., Sonalika International Tractors Ltd., AGCO Corporation, CNH Industrial N.V., KUBOTA Corporation, Changzhou Dongfeng Agricultural Machinery Group Co. Ltd, Argo Tractors S.p.A. and CLAAS KGaA mbH.

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of North America tractor companies. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, e-mail responses, etc., with the identified companies. While interviewing, the respondents were asked about their major competitors. Through this technique, TechSci Research was able to include companies which could not be identified due to the limitations of secondary research.

TechSci Research calculated the market size for North America tractor market using a bottom-up technique, wherein North America tractor companies’ revenues for different product types (2-wheel drive and 4-wheel drive) were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated by analyzing historical data of respective tractor companies to arrive at the overall market size. Multiple secondary sources such as directories, company websites, company annual reports, white papers, investor presentations and financial reports were also analyzed by TechSci Research.

Key Target Audience:

• Tractor manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulatory authorities and policy makers
• Associations, organizations, forums and alliances related to tractor industry
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as tractor companies, distributors and policy makers. The study would enable the stakeholders in identifying the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, North America tractor market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Market, By Power Output:

o    Under 40 HP

o     40 & Under 100 HP

o    100 HP & Above

·         Market, By Drive Type:

o    2-Wheel Drive

o    4-Wheel Drive

·         Market, By Application:

o    Agriculture

o    Non-Agriculture

·         Market, By Country:

o    United States

o    Canada

o    Mexico

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in North America tractor market.

Available Customizations: With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report

Company Information: Detailed analysis and profiling of additional market players (up to five).