Tractor Implement Market Competitive Landscape, Future Trends, Key Players, Segmentation And Global Demand Forecast 2031 - JCB, CNH Industrial, Deere & Company

The global tractor implement market report by the business research company identifies the increase in irrigation and crop protection to be a major growth driver for the tractor implement market. Irrigation is the process of supplying water to land in order to assist agricultural development. Puddlers, a type of tractor implement, are used in crop fields, notably in rice plantations, to aid with growth and irrigation. The growing availability of harvesting and sowing machinery is driving up demand for irrigation and crop protection, which is significantly expanding the tractor implements industry. For instance, according to data published by The World Bank, a US-based group of five international organizations, in 2020, 70% of all freshwater withdrawals globally are currently accounted for the needs of agriculture. The World Bank also stated that by 2050, agriculture production will increase by nearly 70%, resulting in increasing demand for irrigation and crop protection. Therefore, the increase in irrigation and crop protection will drive the growth of the tractor implement market.

The global tractor implement market size is expected to grow from $58.87 billion in 2021 to $64.63 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The global tractor implement market size is expected to grow to $82.36 billion in 2026 at a CAGR of 6.2%.

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Asia-Pacific was the largest region in the tractor implement market in 2021. The regions covered in the global tractor implement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the tractor implement market are CLAAS Group, Deere & Company, Kubota Corporation, Mahindra & Mahindra Limited, Tractors and Farm Equipment Limited, JCB, CNH Industrial N.V., SDF Group, Actuant Corporation, Kuhn Group, Alamo Group Inc.

The global tractor implement market is segmented -
1) By Phase: Tillage, Irrigation and Crop Protection, Sowing and Planting, Harvesting and Threshing, Others
2) By Power: Powered, Unpowered Implements
3) By Drive: 2-Wheel Drive, 4-Wheel Drive

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The Tractor Implement Market Report Contents Include
1. Executive Summary
2. Tractor Implement Market Characteristics
3. Tractor Implement Market Trends And Strategies
4. Impact Of Covid-19 On Tractor Implement
5. Tractor Implement Market Size And Growth
....
26. Africa Tractor Implement Market
27. Tractor Implement Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tractor Implement Market
29. Tractor Implement Market Future Outlook And Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the tractor implement market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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