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:
- Under 40 HP
- 40 & Under 100 HP
- 100 HP & Above
- Market, By Drive Type:
- 2-Wheel Drive
- 4-Wheel Drive
- Market, By Application:
- Agriculture
- Non-Agriculture
- Market, By Country:
- United States
- Canada
- 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).
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com