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Published January, 2020
Canada Agriculture Tractors Market- Size, Trends, Competitive Analysis and Forecasts (2019-2024)

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The emphasis on increased farm mechanization in Canada is derived from the economic drive for greater productivity and reduced farm labor supply. The most significant influence in the mechanization of the Canadian agriculture industry has been the continuous surge in the use of farm tractors. Tractors allow the use of specialized machinery and power units in agriculture, making agricultural practices more efficient. Moreover, tractors reduce the actual man-hours of labor required in the production, management, and marketing of farm products. Mechanization and utilization of tractors have been moving forward rapidly in Canada. Rising interest rates, inflating commodity prices and moderate growth in farm cash receipts are expected to slow down tractor sales in the market. The agriculture tractor market in Canada was worth XX million in 2018 and is expected to grow at a CAGR of XX% from 2019 to 2024.

The market has been segmented based on the-

End applications- Utility, Row crop, Garden type, Orchard type, Rotary tillers, and Implement carriers.

Horse Power- Below 40 HP, 40 HP-100 HP and Above 100 HP

Wheel Type- Two Wheel and Four Wheel

Competitive Landscape

Deere and Company, CNH Global NV, Mahindra & Mahindra Ltd., AGCO Tractor, Massey Ferguson, and Escorts are a few key players in the market. Investments in innovations, research and developments, expansion in Asia, strengthening the distribution network are major strategies adopted by key players.

Key Deliverables

  • Market trends since 2015 and five-year forecasts of market growth 
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments 
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects and competition pattern
  • Insights on the growth potential of the market
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry

 

1. Introduction                                                                                     

          1.1 Research Methodology                                                                     

          1.2 Scope of the Study                                                                          

          1.3 Assumptions                                                                         

2. Summary                                                                               

3. Industry Dynamics                                                                            

          3.1 Drivers                                                                       

                   3.1.1 Growing access to subsidies and credits for Farm Machinery in Asia                 

                   3.1.2 Push for agriculture mechanization from policy makers                        

                   3.1.3 Focus to increase cropping intensity                                       

                   3.1.4 Dwindling agriculture laborers due to Urbanization                               

          3.2 Restraints                                                                   

                   3.2.1 Diminishing area under agriculture                                           

                   3.2.2 Increased number of fragmented landholding in Asia                           

                   3.2.2 Consolidating farmland under contract farming & co-operatives    

          3.3 Opportunities                                                                        

                   3.3.1 Growing emphasis on Precision farming                                            

                   3.3.2 Hill Agriculture                                                           

                   3.3.3 Gender friendly tools and Equipment                                                

                   3.3.4 Crop Specific Package of machines                                                  

          3.4 Porter’s Five Forces Analysis                                                                       

                   3.4.1 Bargaining power of Suppliers                                                         

                   3.4.2 Bargaining power of Buyers                                                            

                   3.4.3 Degree of Competition                                                         

                   3.4.4 Threat of Substitution                                                          

                   3.4.5 Threat of new entrants                                                                  

          3.5 Future Trends in the Industry                                                                      

          3.6 Value Chain Analysis                                                                        

          3.7 Industry Policies & Regulations                                                                    

          3.8 Market Innovations                                                                         

4. Market Size and Forecast                                                                             

          4.1 Market Share, By Types                                                                   

                   4.1.1 Utility Tractors                                                          

                   4.1.2 Row crop tractors                                                               

                   4.1.3 Garden Tractor                                                          

                   4.1.4 Orchard Tractor                                                                  

                   4.1.4 Rotary Tillers                                                            

                   4.1.5 Others                                                           

          4.2 Market Share, By Horse Power                                                                    

                   4.2.1 Below 40 HP                                                             

                   4.2.2 40 HP-100 HP                                                           

                   4.2.3 Above 100 HP                                                           

          4.3 Market Share, By Wheel Type                                                                     

                   4.3.1 Two Wheel                                                               

                   4.3.2 Four Wheel                                                              

5. Competitive Analysis                                                                                   

          5.1 Market Share Analysis                                                                      

          5.2 Growth Strategies of leading players                                                   

          5.3 Investment and Development Prospects                                                                 

                   5.3.1 Investment in past five years                                                          

                   5.3.2 Investment Opportunities                                                               

          5.4 Competition Pattern                                                                         

                   5.4.1 Concentration Ratio                                                             

                   5.4.2 Industry Competition                                                           

          5.5 Price Trend Analysis                                                                         

                   5.5.1 Product Classifications and Their Prices                                             

                   5.5.2 Factors Influencing Prices                                                               

6. Company Profiles                                                                              

          6.1 AGCO Corp.                                                                          

          6.2 Claas KGaA mbH                                                                   

          6.3 CNH Industrial N.V                                                                           

          6.4 Deere and Company                                                                        

          6.5 Deutz-Fahr                                                                           

          6.6 Escorts Limited                                                                      

          6.7 Kubota Corporation                                                                         

          6.8 Kuhn Group                                                                          

          6.9 Mahindra & Mahindra Ltd.                                                                           

          6.10 Tractors and Farm Equipment Ltd.                                                              

          6.11 Yanmar Company Limited                                                                         

Appendix                                                                                   

          Sources                                                                           

          Disclaimer