Tractor Market Size to Reach around 2.8 Thousand Units by 2023 – Arizton

The global tractor market is estimated to produce volumes of around 2.8 thousand units by 2023, growing at a CAGR of around 5% during 2017-2023.

Agriculture plays a vital role in the economic development and emerging countries; agriculture contributes to the secondary and tertiary sector to the GDP in the global market. The constant shift in dietary patterns is one of the primary factors attributing to the growth of the global tractor market. The increase in urbanization and deforestation is leading to the adoption of smart tech solutions to effectively mitigate the negative effects of agriculture and meet the growing global food demand.

The global tractor market is driven by urbanization, exploitation of natural resources, and a massive shift in the production and consumption pattern of food across the globe. The rapid climatic changes increasing the incidences of droughts, flash floods, unpredictable rainfall, and temperature are wreaking further havoc on the already stressed agricultural output, thereby driving the need for sophisticated equipment in the global market. The market research report provides in-depth market analysis and segmental analysis of the global tractor market by HP type, by wheel drive, and by geography.
The report considers the present scenario of the global tractor market and its market dynamics for the period 2018−2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.

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Tractor Market – Vendor Profiles

Major Vendors
• Deere & Company
• CNH Industrial
• AGCO
• Kubota
• TAFE
Prominent Players
• Mahindra & Mahindra
• SDF
• Claas
• Argo Tractors
• Lovol Arbos Group
• Carraro
• Tumosan
• ACE Tractors
• Changzhou Dongfeng Agricultural Machinery Group Co., Ltd.
• Daedong Industrial
• The Escorts Group
• LS Corp.
• Agrale
• Zetro
• Sonalika Group
• Agrinar

Tractor Market – Segmentation

Market Segmentation by HP Type
• 40-100 HP
• 100+ HP
• 4 WD
Market Segmentation by Wheel Drive
• 2 WD
• 4 WD
Market Segmentation by Geography
• North America
o US
o Canada
• Europe
o UK
o Germany
o France
o Russia
o Italy
o Belgium
o Poland
o Turkey
o Netherlands
o Spain
• APAC
o Australia
o China
o India
o Japan
• Latin America
o Brazil
o Mexico
o Argentina
• MEA

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Tractor Market – Table of Contents

1 Research Methodology
2 Research Objectives
3 Research Process

4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the Study
4.3.1 Market Segmentation by HP Type
4.3.2 Segmentation by Wheel Drives (WD)
4.3.3 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation

6 Global Tractor Market at a Glance
7 Introduction
7.1 Overview

8 Global Tractor Market Dynamics
8.1 Global Tractor Market Growth Enablers
8.1.1 Increased Food Consumption and Rapid Population Growth
8.1.2 Growing Level of Farm Mechanization
8.1.3 Increased Financial Assistance to Farmers through Loans and Subsidies
8.1.4 Lack of Unskilled Labor in Farms
8.1.5 YOY Impact of Market Growth Enablers
8.1.6 YOY Impact of Market Growth Enablers on Regions
8.2 Global Tractor Market Growth Restraints
8.2.1 Climate Changes Adversely Impacting Agriculture Activities
8.2.2 Weakening of Global Commodity Prices
8.2.3 Increasing Demand for Used and Rental Tractors
8.2.4 Farmers Unaware about Latest Development in Agricultural Technologies
8.2.5 Volatility in Cost of Raw Materials
8.2.6 YOY Impact of Market Growth Restraints
8.2.7 YOY Impact of Market Growth Restraints on Regions
8.3 Global Tractor Market Opportunities & Trends
8.3.1 Increasing adoption of Precision Farming
8.3.2 Development of Smart and Autonomous Tractors
8.3.3 Emergence of Custom Hiring Center Model
8.3.4 Increasing Use of Non-conventional Fuel in Tractors
8.3.5 YOY Impact of Market Opportunities & Trends
8.3.6 YOY Impact of Market Opportunities & Trends on Regions

9 Global Tractor Market
9.1 Tractor Market Overview
9.2 Tractor Market Size & Forecast 2017–2023
9.3 Porter’s Five Forces Analysis
9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry

10 Tractor Market by Wheel Drive
10.1 Tractor Market Overview
10.2 2WD Market
10.2.1 Tractor Market Size & Forecast
10.3 4WD Market
10.3.1 Tractor Market Size & Forecast
11 Tractor Market by HP
11.1 Tractor Market Overview
11.2 Less Than 40 HP
11.2.1 Tractor Market Size & Forecast
11.3 40-100 HP
11.3.1 Tractor Market Size & Forecast
11.4 Above 100 HP
11.4.1 Market Size & Forecast
11.5 4WD
11.5.1 Market Size & Forecast

12 Global Tractor Market By Geography
12.1 Geographical Overview

13 North America: Tractor Market
13.1 Market Overview
13.2 Market Size and Forecast
13.3 Segmentation by Wheel Drive (WD)
13.3.1 2WD Market: Size & Forecast
13.3.2 4WD Market Size & Forecast
13.4 Segmentation by HP
13.4.1 Less Than 40 HP: Market Size & Forecast
13.4.2 40-100 HP: Market Size & Forecast
13.4.3 Above 100 HP: Market Size & Forecast
13.4.4 4WD: Market Size & Forecast
13.5 Key Countries
13.6 US: Market Size and Forecast
13.6.1 Historical Data 2010−2016
13.6.2 Market Size & Forecast
13.6.3 Segmentation by HP
13.6.4 Less than 40 HP: Market Size & Forecast
13.6.5 40-100 HP: Market Size & Forecast
13.6.6 Above 100 HP: Market Size & Forecast
13.6.7 4WD Market: Market Size & Forecast
13.6.8 Market Share Analysis
13.7 Canada: Market Size and Forecast
13.7.1 Historical Data 2010−2016
13.7.2 Market Size & Forecast
13.7.3 Segmentation by HP
13.7.4 Less than 40 HP: Market Size & Forecast
13.7.5 40-100 HP: Market Size & Forecast
13.7.6 Above 100 HP: Market Size & Forecast
13.7.7 4WD: Market Size & Forecast
13.7.8 Market Share Analysis

14 Europe: Tractor Market
14.1 Market Overview
14.2 Market Size & Forecast 2017–2023
14.3 Type-Approval (Mother) Regulations in Europe
14.4 Segmentation by Wheel Drive
14.4.1 2WD: Market Size & Forecast
14.4.2 4WD: Market Size & Forecast
14.5 Segmentation by HP
14.5.1 Less Than 40 HP: Market Size & Forecast
14.5.2 40 - 100 HP: Market Size & Forecast
14.5.3 Above 100 HP: Market Size & Forecast
14.5.4 4WD: Market Size & Forecast
14.6 Key Countries
14.7 UK: Market Size and Forecast
14.7.1 Historical Data 2010–2016
14.7.2 Market Size & Forecast 2017–2023
14.7.3 Segmentation by HP
14.7.4 Less than 40 HP: Market Size & Forecast
14.7.5 40-100 HP: Market Size & Forecast
14.7.6 Above 100 HP: Market Size & Forecast
14.7.7 4WD: Market Size & Forecast
14.7.8 Market Share Analysis
14.8 Germany: Market Size and Forecast
14.8.1 Historical Data 2010−2016
14.8.2 Market Size & Forecast
14.8.3 Segmentation by HP
14.8.4 Less than 40 HP: Market Size & Forecast
14.8.5 40-100 HP: Market Size & Forecast
14.8.6 Above 100 HP: Market Size & Forecast
14.8.7 4WD: Market Size & Forecast
14.8.8 Market Share Analysis
14.9 France: Tractor Market
14.9.1 Historical Data 2010−2016
14.9.2 Market Size & Forecast
14.9.3 Segmentation by HP
14.9.4 Less than 40 HP: Market Size & Forecast
14.9.5 40-100 HP: Market Size & Forecast
14.9.6 Above 100 HP: Market Size & Forecast
14.9.7 4WD: Market Size & Forecast
14.9.8 Market Share Analysis
14.10 Russia: Tractor Market
14.10.1 Historical Data 2010−2016
14.10.2 Market Size & Forecast
14.10.3 Segmentation by HP
14.10.4 Less than 40 HP: Market Size & Forecast
14.10.5 40-100 HP: Market Size & Forecast
14.10.6 Above 100 HP: Market Size & Forecast
14.10.7 4WD: Market Size & Forecast
14.10.8 Market Share Analysis
14.11 Italy: Tractor Market
14.11.1 Historical Data 2010−2016
14.11.2 Market Size & Forecast
14.11.3 Segmentation by HP
14.11.4 Less than 40 HP: Market Size & Forecast
14.11.5 40-100 HP: Market Size & Forecast
14.11.6 Above 100 HP: Market Size & Forecast
14.11.7 4WD Market: Market Size & Forecast
14.11.8 Market Share Analysis
14.12 Belgium: Tractor Market
14.12.1 Historical Data 2010−2016
14.12.2 Market Size & Forecast
14.12.3 Segmentation by HP
14.12.4 Less than 40 HP: Market Size & Forecast
14.12.5 40-100 HP: Market Size & Forecast
14.12.6 Above 100 HP: Market Size & Forecast
14.12.7 4WD Market: Market Size & Forecast
14.12.8 Market Share Analysis
14.13 Poland: Tractor Market
14.13.1 Historical Data 2010−2016
14.13.2 Market Size & Forecast
14.13.3 Segmentation by HP
14.13.4 Less than 40 HP: Market Size & Forecast
14.13.5 40-100 HP: Market Size & Forecast
14.13.6 Above 100 HP: Market Size & Forecast
14.13.7 4WD: Market Size & Forecast
14.13.8 Market Share Analysis
14.14 Turkey: Tractor Market
14.14.1 Historical Data 2010−2016
14.14.2 Market Size & Forecast
14.14.3 Segmentation by HP
14.14.4 Less Than 40 HP: Market Size & Forecast
14.14.5 40-100 HP: Market Size & Forecast
14.14.6 Above 100 HP: Market Size & Forecast
14.14.7 4WD: Market Size & Forecast
14.14.8 Market Share Analysis
14.15 Netherlands: Tractor Market
14.15.1 Historical Data 2010−2016
14.15.2 Market Size & Forecast
14.15.3 Segmentation by HP
14.15.4 Less than 40 HP: Market Size & Forecast
14.15.5 40-100 HP: Market Size & Forecast
14.15.6 Above 100 HP: Market Size & Forecast
14.15.7 4WD: Market Size & Forecast
14.15.8 Market Share Analysis
14.16 Spain: Tractor Market
14.16.1 Historical Data 2010−2016
14.16.2 Market Size & Forecast
14.16.3 Segmentation by HP
14.16.4 Less Than 40 HP: Market Size & Forecast
14.16.5 40-100 HP: Market Size & Forecast
14.16.6 Above 100 HP: Market Size & Forecast
14.16.7 4WD: Market Size & Forecast
14.16.8 Market Share Analysis
15 APAC: Tractor Market
15.1 Market Overview
15.2 Market Size and Forecast
15.3 Segmentation by Wheel Drive
15.3.1 2WD: Market Size & Forecast
15.3.2 4WD: Market Size & Forecast
15.4 Segmentation by HP
15.4.1 Less Than 40 HP: Market Size & Forecast
15.4.2 40-100 HP: Market Size & Forecast
15.4.3 Above 100 HP: Market Size & Forecast
15.4.4 4WD: Market Size & Forecast
15.5 Key Countries
15.6 Australia: Market Size and Forecast
15.6.1 Market Size & Forecast
15.6.2 Segmentation by HP
15.6.3 Less than 40 HP: Market Size & Forecast
15.6.4 40-100 HP: Market Size & Forecast
15.6.5 Above 100 HP: Market Size & Forecast
15.6.6 4WD: Market Size & Forecast
15.6.7 Market Share Analysis
15.7 China: Market Size and Forecast
15.7.1 Historical Data 2010−2016
15.7.2 Market Size & Forecast
15.7.3 Segmentation by HP
15.7.4 Less than 40 HP: Market Size & Forecast
15.7.5 40-100 HP: Market Size & Forecast
15.7.6 Above 100 HP: Market Size & Forecast
15.7.7 4WD: Market Size & Forecast
15.7.8 Market Share Analysis
15.8 India: Market Size and Forecast
15.8.1 Historical Data 2010−2016
15.8.2 Market Size & Forecast
15.8.3 Segmentation by HP
15.8.4 Less than 40 HP: Market Size & Forecast
15.8.5 40-100 HP: Market Size & Forecast
15.8.6 Above 100 HP: Market Size & Forecast
15.8.7 4WD: Market Size & Forecast
15.8.8 Market Share Analysis
15.9 Japan: Market Size and Forecast
15.9.1 Historical Data 2010−2016
15.9.2 Market Size & Forecast
15.9.3 Segmentation by HP
15.9.4 Less Than 40 HP: Market Size & Forecast
15.9.5 40-100 HP: Market Size & Forecast
15.9.6 Above 100 HP: Market Size & Forecast
15.9.7 4WD Market: Market Size & Forecast
15.9.8 Market Share Analysis

16 Latin America: Tractor Market
16.1 Market Overview
16.2 Market Size and Forecast
16.3 Segmentation by Wheel Drive
16.3.1 2WD: Market Size & Forecast
16.3.2 4WD: Market Size & Forecast
16.4 Segmentation by HP
16.4.1 Less Than 40 HP: Market Size & Forecast
16.4.2 40-100 HP: Market Size & Forecast
16.4.3 Above 100 HP: Market Size & Forecast
16.4.4 4WD: Market Size & Forecast
16.5 Key Countries
16.6 Brazil: Market Size and Forecast
16.6.1 Historical Data 2010-2016
16.6.2 Market Size & Forecast
16.6.3 Segmentation by HP
16.6.4 Less than 40 HP: Market Size & Forecast
16.6.5 40-100 HP: Market Size & Forecast
16.6.6 Above 100 HP: Market Size & Forecast
16.6.7 4WD: Market Size & Forecast
16.6.8 Market Share Analysis
16.7 Mexico: Market Size and Forecast
16.7.1 Historical Data 2010−2016
16.7.2 Market Size & Forecast
16.7.3 Segmentation by HP
16.7.4 Less Than 40 HP: Market Size & Forecast
16.7.5 40-100 HP: Market Size & Forecast
16.7.6 Above 100 HP: Market Size & Forecast
16.7.7 4WD: Market Size & Forecast
16.7.8 Market Share Analysis
16.8 Argentina: Market Size and Forecast
16.8.1 Historical Data 2010-2016
16.8.2 Market Size & Forecast
16.8.3 Segmentation by HP
16.8.4 Less than 40 HP: Market Size & Forecast
16.8.5 40-100 HP: Market Size & Forecast
16.8.6 Above 100 HP: Market Size & Forecast
16.8.7 4WD: Market Size & Forecast
16.8.8 Market Share Analysis

17 MEA: Tractor Market
17.1 Market Overview
17.2 Market Size and Forecast
17.3 Segmentation by Wheel Drive
17.3.1 2WD: Market Size & Forecast
17.3.2 4WD: Market Size & Forecast
17.4 Segmentation by HP
17.4.1 Less Than 40 HP: Market Size & Forecast
17.4.2 40 - 100 HP: Market Size & Forecast
17.4.3 Above 100 HP: Market Size & Forecast
17.4.4 4WD: Market Size & Forecast
17.5 Market Share Analysis

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