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United States Utility Tractor Market - By Product Type and Application-Market Shares, Forecasts and Trends (2015 — 2020)

The US utility tractor market was XX million US$ in 2014 and expected to reach XX million US$ by 2020 growing at a CAGR of XX% during the forecasted period 2015-2020. Utility tractor are more user friendly, compact, high power operation agrimachinery used for various purpose as agriculture, landscaping, ploughing, grounds keeping. The ease of fixing and detaching supporting parts is the important feature of this machine. Also it is widely used to such farms where farmers cannot afford to keep multiple machinery for agriculture operations. US is the leading market for utility tractor application as a result of high agriculture productivity area in the region. The major driver for the market are continuous innovation in technology in agrimachinery, minimising the need for multi machinery for agriculture, increase in demand of agriculture products as a result of growing population, government subsidies for agro machinery to farmers. The efficient and potential use with low space requirement making it attractive to the farmers is driving the market. However the fluctuations in grain prices which leds to lower farm income creates unwillingness for farmers to invest in the purchasing equipment’s. The availability of other similar functioning machinery for agriculture function is being a restrain for the market. The high power and energy requirement for tractors to complete the agriculture operations are also affecting the market. Growing urbanization has resulted in decrease of farmland which is also major factor affecting its market growth. Market segmentation of utility tractors are categorised by the application type, and by drive type. In the application type market is further segmented into three types as dairy field operations, hay & agriculture products operations and landscaping. Utility tractors have major applications in hay and agriculture products. The market segment by drive type includes pedestrian type and wheeled type. Wheeled type market is sub segmented into two, three and four wheel type. Wheel type utility tractor has a major market than the track type. Two wheeled tractors are extremely common in the agriculture operations worldwide and has the highest market share among others. Key Deliverables • Market analysis for the U.S Utility tractor Market, with region specific assessments and competition analysis on U.S and regional scales. • Market definition along with the identification of key drivers and restraints • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a U.S and regional scale • Extensively researched competitive landscape section with profiles of major companies along with their market shares • Identification and analysis of the macro and micro factors that affect the U.S Utility tractor market on both U.S and regional scales • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Published By: Mordor Intelligence
Published Date: Q1 2016

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