Press release
Global Agricultural Tractor Machinery Market Research, growth trends and opportunities for the forecast period 2018-2025
This report studies the Agricultural Tractor Machinery market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.A tractor is a farm vehicle that provides the power and traction to mechanize agricultural tasks, especially tillage. However, the use of tractors has been shifted to various farm related tasks. Agricultural implements are towed behind a tractor that then provides a source of power for the mechanization of implements. Agricultural use of tractors is the largest segment in the agricultural machinery sector. Improvement in efficiency is one of the reasons why tractors are popularly employed by farmers.
Driven by growing global population, rising demand for food and the need for better yield and productivity, future of tractor machinery market is seen to be positive. Opportunities lie in higher market penetration in the developing regions of Asia and South America. Technological innovation in order to shorten the replacement cycle will further boost the market growth for tractors. Low purchasing power of farmers and the high cost of products are some of the major constraints for market growth, specifically in cost-sensitive regions.
Depending on the product application, they can be broadly classified into pedestrian and wheeled tractors. Utility, row and orchard type tractors are some of the highly utilized tractors worldwide. Large scale farming structures in major agricultural countries like the US, Brazil and Germany and the intensive farming sites in Western Europe employ more high power tractors compared to other parts of the world. Though Asian countries use low average power tractors due to land tenures, China and India still continue to dominate the global tractor sales. South American countries like Brazil and Argentina show high growth potential while remaining heavily subsidized. In the matured markets, demand for tractors will continue to be largely determined by the demand for replacement machinery and the efficiency gains provided by newer, more sophisticated equipment.
The global Agricultural Tractor Machinery market was million US$ in 2017 and is expected to million US$ by the end of 2025, growing at a CAGR between 2018 and 2025.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Agricultural Tractor Machinery in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
John Deere
Caterpillar
AGCO
CNH Industrial
Belarus Tractor
Mahindra Tractors
CLAAS
Kubota
Deutz-Fahr
Kioti
Valtra
LOVOL
YTO Group
Zoomlion
Dongfeng Farm
By the product type, the market is primarily split into
Wheel Tractor
Crawler Tractor
By the end users/application, this report covers the following segments
Farm
Landscape Garden
Sports Fields and Grounds
Other
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