Fact.MR predicts the global sales of agricultural tractors to surpass US$ 113 Mn by registering a CAGR of 6% in the forecast period 2022-2032. Agricultural tractors help farmers to increase the production rate. Moreover, the penetration of electric and automatic tractors for better efficiency is driving the demand for agricultural tractors.
Historically, from 2017 to 2021, the sales of agricultural tractors flourished at a CAGR of 4%. The onset of COVID-19 pandemic affected the supply and demand chain for various industries across the globe. Thus, the demand for agricultural tractors dipped in the initial quarter of the pandemic. As restrictions are being lifted in most regions across the globe, production rate in agriculture has gained speed. This, in turn, is expected to increase the sales of agricultural tractors
Furthermore, manufacturers of agricultural tractors are focusing on improving the efficiency of tractors by improvising the mechanization process of the same. Moreover, the demand for 2 WD tractors from Asia Pacific is positively influencing the market for agricultural tractors.
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Prominent Key players of the Agricultural Tractors market survey report:
- CNH Industrial N.V.
- Deere & Company
- Kubota Corp.
- International Tractors Ltd.
- CLAAS KGaA
- Escorts Ltd.
- Mahindra & Mahindra Ltd.
- AGCO Corp.
- Yanmar Co., Ltd.
- Tractors and Farm Equipment Ltd.
Key Segments Covered in the Agricultural Tractors Industry Report
- By Engine Power
- Agricultural Tractors Less than 40 HP
- Agricultural Tractors between 41 to 100 HP
- Agricultural Tractors More than 100 HP
- By Driveline Type
- 2WD Agricultural Tractors
- 4WD Agricultural Tractors
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The insights for each vendor consists of:
- Company profile
- SWOT analysis
- Main market information
- Market share
- Revenue, pricing and gross margin
What insights does the Agricultural Tractors Market report provide to the readers?
- Agricultural Tractors fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Agricultural Tractors player.
- Various regulations imposed by the governments on the consumption of Agricultural Tractors in detail.
- Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Agricultural Tractors.
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The report covers following Agricultural Tractors Market insights and assessment that are helpful for all participants involved in the Agricultural Tractors market:
- Data on recently introduced regulations and their impact on key industries and on demand in Agricultural Tractors
- Latest industry Analysis on Agricultural Tractors Market, with key analysis of market drivers, trends, and influencing factors
- Key trends Analysis of Agricultural Tractors Market and changing consumer preferences in major industries.
- Changing Agricultural Tractors demand and consumption of diverse products
- Major trends underlining funding by key investors in numerous countries
- New investment opportunities in diverse technology and product or service types
- Comprehensive data and Competitive analysis of Agricultural Tractors major players
- Agricultural Tractors Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
- Agricultural Tractors demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
Questionnaire answered in the Agricultural Tractors Market report include:
- How the market for Agricultural Tractors has grown?
- What is the present and future outlook of the global Agricultural Tractors on the basis of region?
- What are the challenges and opportunities for the Agricultural Tractors?
- Why the consumption of Agricultural Tractors highest in region?
- In which year segment is expected to overtake segment?
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