Agricultural Tractors Market: is expected to reach US$ 109 Bn by 2029, at a CAGR of 5.8% during the forecast period.
Agricultural Tractors Market Overview:
Maximize Market Research’s new report, Global Agricultural Tractors Market 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The study offers a market overview that describes the value chain’s structure, as well as the market’s size, applications, and forecast for the years (2022-2029). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Agricultural Tractors market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Agricultural Tractors market growth, consumption volume, market trends, and company pricing structures throughout the projected period. In-depth research is used in the analysis to examine the market’s complexity. The research provides an overview of the worldwide Agricultural Tractors market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. Based on productivity and manufacturing base, this market has been investigated in a number of different ways.
Segmentation:
by Product
Under 40 HP
40 HP & Under 100 HP
100 HP & above
by Drive type
2-Wheel Drive
4-Wheel Drive
The 4-Wheel Drive (4WD) category, which is based on drive type, is anticipated to rise significantly during the forecast period due to growing demand for 4WD agricultural tractors, which can undertake tough agricultural operations including tillage and sowing. A four-wheeled vehicle with four-wheel drive, also known as 4WD or 4×4 (“four by four”), has a drivetrain that enables all four wheels to experience engine torque at once. Four-wheel drive refers to truck-like vehicles that have a manual two-wheel drive mode for traction on streets and a four-wheel drive mode for traction on ice, mud, snow, slippery surfaces, or loose gravel.
by operation mode
Manual tractor
Autonomous tractor
The category for autonomous tractors is predicted to develop at the greatest CAGR of % over the course of the projection period. Autonomous tractors are a cutting-edge piece of technology. Growers started utilising GPS technologies to direct their tractors across the playing field in an effort to reduce fuel consumption and increase efficiency. These initial steps towards self-driving tractors provided the foundation for the autonomous vehicles that are now commonly utilised in the large-scale farming industry, as new and advanced technology made wireless connections simpler and more dependable. Although fully autonomous tractors have not yet been given the go-ahead for usage in the field, manufacturers are still working on them.
by Application
Harvesting
Seed Sowing
Irrigation
Others
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Key Players:
It then discusses the top competitors in the worldwide Agricultural Tractors market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. The research also evaluates raw material sources, import-export, the value chain, price structure, and the industrial supply chain in addition to capacity utilisation. The following participants are highlighted in this study:
1 Deere & Company
2 Mahindra Group
3 Kutoba Corporation
4 Yanmar
5 Massey Ferguson
6 Farmtac
7 Dongfeng
8 Kioti Tractor
9 New Holland
10 SDF Group
11 Valtra Tractor
12 Argo Tractors S.p.A.,
13 CNH Industrial N.V.
14 AGCO Corp.
15 Daedong Industrial
16 Escorts Group
17 Kubota
18 Jordan Tractor and Equipment Co.
19 McCormick International
20 SAME DEUTZ-FAHR Group etc.
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Regional Analysis:
The report has analyzed the global Agricultural Tractors market in the following regions:
- North America (Mexico, Canada, and the United States)
. Germany, France, the United Kingdom, Russia, Italy, and the rest of Europe make up the European Union.
. Asia-Pacific region (including Australia, China, Japan, Korea, Southeast Asia, and Japan)
. Latin America (Brazil, Argentina, Colombia, and the remaining countries in South America) - Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East Africa)
The study offers in-depth perceptions into a wide range of development prospects and obstacles in the aforementioned regions based on various items, applications, end users, and nations, among other factors. The research also includes key features of the worldwide Agricultural Tractors market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Agricultural Tractors Market:
Practically every industry has been hit by the unprecedented global public health disaster known as COVID-19, and the long-term effects are anticipated to have an impact on industry growth for the duration of the forecast period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The updated research includes new information, analysis, projections, and predictions based on COVID-19’s impact on the market.
The Agricultural Tractors Market Report provides key answers to the following questions:
- Which are the major companies in the Agricultural Tractors market?
- Which is the potential market for Agricultural Tractors in terms of the region?
- Which application area of Agricultural Tractors is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Agricultural Tractors market size by 2027?
- What are the market’s chances of growth?
- What is the base year considered in the Agricultural Tractors market report?
- Which region dominates the Agricultural Tractors market in terms of market share?
- What factors are anticipated to drive the Agricultural Tractors market?
