Earthmoving Tractor Market – Introduction
The Earthmoving tractor is used to perform heavy-duty operations, which are not expected to be performed by small or medium-sized tractors. The Earthmoving tractor is utilized at mining, drilling, and construction sites. The engine of this tractor is very powerful in order to operate in uneven terrain. This type of tractor is customizable, as various additional equipment or fittings can be attached to it in order to carry out several activities such as field leveling, tillage, drilling, and towing. The implements or attachments used with this tractor are drills, hoes, and rotary tillers.
Earthmoving tractors are employed along with the heavy machinery placed to tow heavy loads and dig holes at work sites. They are attached with dozer blades, rippers, and buckets. Power of Earthmoving tractor ranges from 40 HP to more than 100 HP.
Earthmoving Tractor Market – Competitive Landscape
Deere & Company
Deere & Company was founded in 1837, and currently is based in Moline, Illinois, U.S. Deere & Company is the owner of the John Deere brand. John Deere manufactures agricultural, forestry, construction machinery, diesel engines, and drivetrains (transmissions, gearboxes, axles,) for heavy equipment. The heavy machinery manufactured by the company along with various attachments are utilized for construction and mining activities. It also provides lawn care equipment across the globe. John Deere was ranked 102nd in the U.S. and 394th globally among the list of Fortune 500 companies.
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Kioti Tractor Division
Kioti Tractor Division was founded in 1993. The company’s headquarter is located in Wendell, NC, U.S. Daedong Industrial Company, Ltd is the parent company of Kioti Tractor Division. Kioti specializes in the manufacture of farm and construction equipment. The company manufactures and sells tractors, movers, ATVs, implements, engines, and attachments.
Caterpillar Inc. was founded in 1925. Presently, it has headquarters in Deerfield, Illinois, U.S. The company primarily operates through three business segments: Construction industries, resource industries, and energy & transportation. The company also provides finance and related services under its financial products segment. Caterpillar Inc. was ranked 65 on the U.S. Fortune 500 list, whereas it stood 238 on the Global Fortune 500 list. The company products include wheel dozers, wheel excavators, wheel tractor scrappers, wheel loaders, utility vehicles, and tele-handlers.
KUBOTA Corporation was founded in 1890. Presently, it is based at Naniwa-ku, Osaka Japan. The company engages in the manufacture of tractors and heavy equipment. The company offers various products such as tractors and agricultural equipment, construction equipment, engines, pipes, valves, vending machines, cast metal, pumps, and equipment for water purification, sewage treatment, and air conditioning.
Rising demand for Earthmoving equipment, globally
Rising demand for Earthmoving equipment, globally, is a major factor driving the Earthmoving tractor market. Demand for machinery and mechanical equipment has increased, owing to a large number of infrastructure development and construction projects across the globe. Engineers and developers are utilizing heavy machinery to construct/build skyscrapers and other related projects. Large-scale excavation of minerals along with natural resources require heavy Earthmoving equipment such as dozers, crawlers, tractors, excavators, dumpers, and trucks. These machineries are efficient and reduce the time required for operation. Technological advancements are also a key factor boosting the construction and mining industries, which in turn is estimated to propel the Earthmoving tractor market during the forecast period.
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Earthmoving Tractor Market – Segmentation
The global Earthmoving tractor market can be segmented based on:
Earthmoving Tractor Market – By Horsepower
Based on horsepower, the Earthmoving tractor market can be classified into:
- 40 HP - 70HP
- 70HP - 100HP
- Above 100 HP
Earthmoving Tractor Market – By Application
Based on application, the Earthmoving tractor market can be bifurcated into:
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