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Global Wheeled Tractor Machinery Market - Market Shares, Forecasts & Trends 2017-2022 - Research and Markets

Taizhou Wanda Cord and Cable Co.,Ltd | Updated: Sep 22, 2017

The Global Wheeled Tractor Machinery Market is forecast to grow at a CAGR of 7.3% 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 usage of tractor is the largest segment in the agricultural machinery sector.

Agricultural implements are towed behind a tractor, which provides source of power for the automation of implements. Tractors are used for agricultural as well as non-agricultural purposes. They are majorly employed by farmers especially for tilling the land.

Improvement in efficiency is one of the reasons why tractors are popularly employed by farmers. Besides, demand from emerging economies and high level of government support in these regions is fueling growth of the industry. The market is driven by increasing population, growing demand for food, necessity to increase yields and increase in productivity. Future of tractor machinery market appears positive.

The market is segmented by type into utility tractors, row crop tractors, orchard tractors, industrial tractor, garden tractor, rotary tillers, implement carrier and earth moving tractor. Row crop, utility and orchard are the most widely used tractors in the world and accounted for largest share of the markets respectively.


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