A tractor is a farm vehicle that provides the power and traction to mechanize agricultural tasks, especially tillage. However, the use of tractors has been shifted to various farm related tasks. Agricultural implements are towed behind a tractor that then provides a source of power for the mechanization of implements. Agricultural use of tractors is the largest segment in the agricultural machinery sector. Improvement in efficiency is one of the reasons why tractors are popularly employed by farmers.
Driven by growing global population, rising demand for food and the need for better yield and productivity, future of tractor machinery market is seen to be positive. Opportunities lie in higher market penetration in the developing regions of Asia and South America. Technological innovation in order to shorten the replacement cycle will further boost the market growth for tractors. Low purchasing power of farmers and the high cost of products are some of the major constraints for market growth, specifically in cost-sensitive regions.
Depending on the product application, they can be broadly classified into pedestrian and wheeled tractors. Utility, row and orchard type tractors are some of the highly utilized tractors worldwide. Large scale farming structures in major agricultural countries like the US, Brazil and Germany and the intensive farming sites in Western Europe employ more high power tractors compared to other parts of the world. Though Asian countries use low average power tractors due to land tenures, China and India still continue to dominate the global tractor sales. South American countries like Brazil and Argentina show high growth potential while remaining heavily subsidized. In the matured markets, demand for tractors will continue to be largely determined by the demand for replacement machinery and the efficiency gains provided by newer, more sophisticated equipment.
In 2019, the market size of Agricultural Tractor Machinery is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Agricultural Tractor Machinery.
This report studies the global market size of Agricultural Tractor Machinery, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Agricultural Tractor Machinery production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
John Deere
Caterpillar
AGCO
CNH Industrial
Belarus Tractor
Mahindra Tractors
CLAAS
Kubota
Deutz-Fahr
Kioti
Valtra
LOVOL
YTO Group
Zoomlion
Dongfeng Farm
Market Segment by Product Type
Wheel Tractor
Crawler Tractor
Market Segment by Application
Farm
Landscape Garden
Sports Fields and Grounds
Other
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Agricultural Tractor Machinery status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Agricultural Tractor Machinery manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Agricultural Tractor Machinery are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Agricultural Tractor Machinery. Industry analysis & Market Report on Agricultural Tractor Machinery is a syndicated market report, published as Global (United States, European Union and China) Agricultural Tractor Machinery Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Agricultural Tractor Machinery market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.