According to Stratistics MRC, the Global Farm Tractor Market is accounted for $9.11 billion in 2019 and is expected to reach $16.48 billion by 2027 growing at a CAGR of 7.7% during the forecast period. Some of the key factors propelling the growth of the market are rapid urbanization, increasing mechanization in the agriculture industry, and the growing demand for food products. However, the high initial cost is the restraining factor for the growth of the market.
Request for a Free Sample Copy of Report at https://www.strategymrc.com/report/farm-tractor-market/request-sample
By power output type, the 31Hp–100 Hp segment is expected to grow at a significant market share during the forecast period because of its extensive use in the majority of the regions around the globe. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period which is attributed to the increasing agricultural activities in countries like China and India.
Some of the key players in Farm Tractor Market include AGCO Corporation, Argo Tractors S.p.A., Caterpillar, CLAAS Group, CNH Industrial, Deere & Company, Escorts Group, International Tractors Limited, JCB, Kubota Corporation, Mahindra & Mahindra Limited, Massey Ferguson Limited, SDF Group, Steyr Landmaschinentechnik AG, TAFE, and Yanmar Co.
Drive Types Covered:
• Two-wheel Drive (2WD)
• Four-wheel Drive (4WD)
Modes of Operation Covered:
• Manual Tractor
• Driverless Tractor
Vehicle Types Covered:
• Gasoline and Diesel
• Electric
Power Output Types Covered:
• Above 300Hp
• 201hp-300Hp
• 101hp–200Hp
• 31hp–100 Hp
• <30 Hp
Types Covered:
• Wheel Tractor
• Crawler Tractor
Design Types Covered:
• Tractor without CAB
• Tractor with CAB
System Types Covered:
• Without Loaders
• Front Loaders
• Backhoe Loaders
Applications Covered:
• Spraying
• Ploughing/Plowing & Cultivating
• Planting & Fertilizing
• Haying
• Harvesting
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
If Any Query? Ask Our Industry Expert at www.strategymrc.com/report/farm-tractor-market/request-customization
Explore the list of attractive markets during this time of Pandemic @ www.strategymrc.com/covid-19-impact-reports
About Us:
StrategyMRC research reports and publications are routed to help clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. We track 30+ industries and cover 800 market segments.
Contact Us:
Stratistics Market Research Consulting
Phone: +1-301-202-5929
Email: info@strategymrc.com
Website: www.strategymrc.com/
Twitter:twitter.com/StratisticsMRC
LinkedIn: www.linkedin.com/company/stratistics-market-research-consulting-pvt-ltd?trk=mini-profile