Description

Wheeled Tractor Machinery Market size was valued at US$ 54.32 Billion in 2020 and is projected to reach US$ 81.14 Billion by 2027 at a CAGR of 5.9% during the forecast period 2021 to 2027. Wheeled tractors are the vehicles used in agriculture farming, to deliver the high torque at low speeds. These tractors are commonly used in agriculture farming and outside farming for other purposes such as gardening. Tractors provide traction and power to agriculture works especially for tillage. Agriculture usage of tractors is largest segment in the sector. These are commonly used to improve the efficiency of work with reducing time. Different types of wheeled tractor machinery are used for different purposes such as seeding, cutting, harvesting, planting, and tillage among others.In March 2017, Mahindra & Mahindra announced that company expanding international play for its farm machinery and tractor business, to earn 50% revenue from overseas market in next two years.

Wheeled Tractor Machinery Market report gives a comprehensive outlook on across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report on global market gives historical, current, and future market sizes (US$ Mn) of tractor design, tractor type and geographic regions. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policymakers engaged in manufacturing and supply of global market.

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