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[ 英語タイトル ] North America Agricultural Tractor Machinery Market - Growth, Trends and Forecast (2020 - 2025)


Product Code : MDAG0080129
Survey : Mordor Intelligence
Publish On : February, 2021
Category : Agriculture and Allied Activities
Study Area : North America
Report format : PDF
Sales price option (consumption tax not included)
Single User USD3750 / Question Form
5 User USD4250 / Question Form
Enterprise User USD7000 / Question Form
 - Deere and Company

- AGCO Corp.

- Claas KGaA mbH

- CNH Industrial N.V

- Same Deutz-Fahr Deutschland GmbH

- Kubota Corporation

- Mahindra & Mahindra Ltd.

- Escorts Limited

- Tractors and Farm Equipment Ltd.

- Kverneland Group

[Report Description]

North America's agricultural tractor machinery market is expected to register a CAGR of 6.2% for the forecast period(2020-2025). With changing industrial trends, leading to the development of more sophisticated Agricultural machinery, farming methods have taken a giant leap forward. The farm mechanization has increased the productivity of the producer, improved the quality of the product and reduced the hazards of operations. However, with developing technology, in the foreseeable future, driverless tractors, which use GPS maps and electronic sensors, may come into play. The U.S. and Canada are the major markets in the region but tractor sales are forecasted to be fastest in Mexico.

Key Market Trends



Increasing Adoption of Farm Mechanization

With changing industrial trends, leading to the development of more sophisticated agricultural machinery, farming methods have taken a giant leap forward. Increased farm consolidation, large production base, and greater government support through subsidies are driving sales of agricultural tractor machinery market.

In most of the markets in North America, farmers are increasingly adopting advanced technology such as precision farming systems and GPS-controlled agricultural machinery form the backbone of such systems.The North American market is driven by the sale of higher engine-power tractors with tractors of power more than 40 HP contributing a major share of the market.

Increasing Cost of Labour Driving The Mechanisation

Farming has traditionally been a highly-labor intensive method in agriculture. But the continually rising real wage of farm labor has had a positive impact on the demand for tractors in the region, as farmers are increasingly adopting agricultural mechanization including tractors as a substitute for manual labor. According to the World Bank database, the employment in agriculture out of total employment in the US stood at 1.423% in 2018, as opposed to 1.447% in 2016. Moreover, the average hourly real wage for nonsupervisory hired farmworkers increased by 10.4% from USD 12.00 to USD 13.25 during 2014-2018, which has further instigated the demand for tractors in the country. It has been reported by the Conference Board of Canada that the country’s agriculture sector had a labor shortage of 16,500 workers in 2017, which was followed by an instant shoot up of the wage rate in the country. As such, the rapid shrinkage of farm labor has given a boost to the tractor market, thus driving the demand for tractor tires.

Competitive Landscape



The North American agricultural tractor machinery market is consolidated with few players dominating the market. Deere and Company, AGCO Corp., CNH Industrial N.V, Same Deutz-Fahr Deutschland GmbH and Claas KGaA mbH. are some of the major players operating in the market place. The companies here strive to strengthen their base by offering enhanced product features, competitive pricing, enhanced quality, increased scale of operation and technological innovation. In December 2018, Deere and Company launched the four-wheel-drive 3028EN Tractor, which offers advanced technology and features suited for orchard and paddy farming.

Reasons to Purchase this report:



- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porters Five Force's Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Below 40 HP
5.1.2 40-100 HP
5.1.3 Above 100 HP
5.1.4 4WD Farm Tractors
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America

6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Deere and Company
6.3.2 AGCO Corp.
6.3.3 Claas KGaA mbH
6.3.4 CNH Industrial N.V
6.3.5 Same Deutz-Fahr Deutschland GmbH
6.3.6 Kubota Corporation
6.3.7 Mahindra & Mahindra Ltd.
6.3.8 Escorts Limited
6.3.9 Tractors and Farm Equipment Ltd.
6.3.10 Kverneland Group

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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