tractor market report, trends, growth, demand share and forecast till 2025
DESCRIPTION
Get more information about the market: https://www.imarcgroup.com/tractor-market A tractor refers to a specifically engineered vehicle designed for providing high torque at a slow speed. Tractors are mainly used in the agriculture sector for plowing, tilling, harrowing, disking, and planting. Want more information about this market? Request a free report sample: https://www.imarcgroup.com/tractor-market/requestsample For India market research reports, visit: http://www.marketresearchindia.co.in Contact Us IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Website: https://www.imarcgroup.com/ Email: [email protected] USA: +1-631-791-1145 Follow us on twitter: @imarcglobal Linkedin: https://www.linkedin.com/company/imarc-groupTRANSCRIPT
Copyright © IMARC Service Pvt Ltd. All Rights Reserved
Global Tractor
Market Research
Report and Forecast
2025
Report Edition: 2020
© 2020 IMARC All Rights Reserved
Report DescriptionAbout IMARC Group
The International Market Analysis Research and Consulting Group is a leading adviser onmanagement strategy and market research worldwide. We partner with clients in all sectorsand regions to identify their highest-value opportunities, address their most criticalchallenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technologicaldevelopments for business leaders in pharmaceutical, industrial, and high technologyorganizations. Market forecasts and industry analysis for biotechnology, advanced materials,chemicals, food and beverage, travel and tourism, nanotechnology and novel processingmethods are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies andmarkets with close cooperation at all levels of the client organization. This ensures that ourclients achieve unmatchable competitive advantage, build more proficient organizations, andsecure lasting results.
Report DescriptionReport Description and Highlights
Global Tractor Market Overview:
A tractor is a specially designed vehicle to provide high torque at a slow speed. Tractors are primarilyused in the agriculture industry to perform plowing, tilling, harrowing, disking, and planting. They arealso employed in earthmoving, load carriage, and building activities in the construction sector. Theincreasing labor costs, growing demand for plant-based food products, improving rural incomes, andrising number of government initiatives are driving the demand for tractors in the agriculture sector.
Global Tractor Market Trends
The emergence of precision farming and the increasing utilization of farm mechanization to enhancefield productivity are propelling the adoption of tractors for several agricultural purposes. Furthermore,the growing number of farm training programs to promote the adoption of agricultural machinery on alarge scale is also driving the demand for tractors. Several government bodies are offering subsidiesand financial support to accelerate the automation of various agrarian processes, thereby inducing themarket growth. Additionally, the rapid increase in building and construction projects further inflatesthe demand for tractors in the construction industry. Moreover, various technological advancementshave led to the emergence of advanced tractors with pre-installed GPS and telematics devices.
Report DescriptionReport Description and Highlights
120.2125.5 130.8 136.1 141.4 146.7 152.0 157.3
0
20
40
60
80
100
120
140
160
2012 2013 2014 2015 2016 2017 2018 2019
In
Bil
lion
US
$
160.0 165.3 170.6 175.9 181.2 186.5
0
20
40
60
80
100
120
140
160
180
2020 2021 2022 2023 2024 2025
In
Bil
lion
US
$
Request for a free sample report: https://www.imarcgroup.com/tractor-market/requestsample
The growing traction of automated commercial vehicles and global penetration of wireless connectivityfor remote monitoring is expected to drive the global tractor market.
Report DescriptionReport Description and Highlights
Tractor Market Segmentation:
Breakup by Power Output:
• Below 40 HP• 40 HP - 100 HP• Above 100 HP
Breakup by Drive Type:
• 2-Wheel Drive• 4-Wheel Drive
Breakup by Application:
• Agriculture• Construction• Mining• Forestry
Report DescriptionReport Description and Highlights
• Others
Breakup by Region:
• North America• Asia Pacific• Europe• Latin America• Middle East and Africa
For more information, click here: https://www.imarcgroup.com/tractor-market
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players.
• Agco Corporation• Argo Tractors S.p.A• Changzhou Dongfeng Agricultural Machinery Group Co. Ltd
Report DescriptionReport Description and Highlights
• CLAAS KGaA mbH• CNH Industrial N.V.• Deere & Company• Escorts Limited• Kubota Corporation• Mahindra & Mahindra Ltd. (Mahindra Group)• Sonalika Group• Tractors And Farm Equipment Limited (Amalgamations Group)• Yanmar Co. Ltd. (Yanmar Holdings Co., Ltd.).
Browse Related Report
Surgical Robots Market Report: https://www.imarcgroup.com/surgical-robots-market
Pressure Sensitive Tapes Market Report: https://www.imarcgroup.com/pressure-senitive-tapes-market
A partial List of our ClientsWe are the trusted business partners to theworld's leading corporates, governments, andinstitutions
Partial List of Clients
A partial List of our ClientsWe are the trusted business partners to theworld's leading corporates, governments, andinstitutions
Partial List of Clients
Report DescriptionReport Description and Highlights
© 2020 IMARC All Rights Reserved
This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name ofInternational Market Analysis Research and Consulting (IMARC). No part of this publication may bereproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not beused in any form or by and means graphic electronic or mechanical, including photocopying, recording,taping or by information storage or retrieval, or by any other form, without the express consent ofInternational Market Analysis Research and Consulting (IMARC).
Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have beenbased on information and sources believed to be accurate and reliable at the time of publishing.International Market Analysis Research and Consulting makes no representation of warranty of any kind as tothe accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for anyloss or damage resulting from opinion, errors or inaccuracies if any found this publication.
IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International MarketAnalysis Research and Consulting. All other trademarks used in this publication are registered trademarks oftheir respective companies.
FOR MORE DETAILS
Visit us at :
Stay With Us:
TELEPHONE: +1-631-791-1145
E-MAIL: [email protected]
https://www.imarcgroup.com
Contact Us