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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.
The Agricultural Tractor Machinery market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 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 presents the worldwide Agricultural Tractor Machinery market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Agricultural Tractor Machinery Breakdown Data by Type
Agricultural Tractor Machinery Breakdown Data by Application
Sports Fields and Grounds
Agricultural Tractor Machinery Production by Region
Agricultural Tractor Machinery Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Agricultural Tractor Machinery status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Agricultural Tractor Machinery manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers 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 :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Agricultural Tractor Machinery market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.