Press release
Autonomous Tractors Market 2021 Insights with Statistics and Growth Prediction - AGCO, John Deere, Mahindra and MahindraLtd, Autonomous Tractor Corporation
The Autonomous Tractors Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The global autonomous tractor market was valued at USD 507.61 million in 2018 and is projected to grow at a CAGR of 35.0% during the forecast period (2019-2024).
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Top Leading Companies of Global Autonomous Tractors Market are AGCO, John Deere, Mahindra and MahindraLtd, Autonomous Tractor Corporation, CNH Industrial, Kubota Corporation, Dutch Power Company, Yanmar Co.,Ltd., Trimble Inc., Kinze Manufacturing,Inc. and others.
Key Market Trends
Increase in Labour Costs is driving the market
The cost of farm labor has a direct relationship with the percentage of the total population of a country employed in agriculture, considering simple demand-supply economics. On an average, developing economies have larger percentages of population dependent on agriculture. However, the percentages have decreased over time. Farmers are increasingly adopting agricultural mechanization as a substitute to manual labor with a more cost-effective, easily available and more efficient means of agricultural operation.They are shifting towards autonomous tractors to save time and resources which in turn is increasing the farm productivity and per acre yield of crops.
Asia Pacific is the fastest growing market
The global autonomous tractor market is segmented by geography into North America,Europe, Asia Pacific,South America and Africa. Asia Pacific is considered as the fastest growing market because the companies located in Asia Pacific are launching new autonomous tractors in the market and thereby dominating the market with faster innovations and product launches.
Regional Outlook of Global Autonomous Tractors Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Global Autonomous Tractors Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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