In-depth Farm Tractor Market Synopsis
The MMR offers a concise depiction of the “Farm Tractor Market” industry, delivering an in-depth analysis of the Farm Tractor Market. The comprehensive industry overview meticulously delves into the market’s dimensions, encompassing various market dynamics such as strategies, market revenue, pricing analysis, micro and macro market trends, scenarios, and industry benchmarks. It extensively covers regional consumer preferences, market sizes, and industrial competition.
Farm Tractor Market Growth Estimated:
The Farm Tractor Market reached a value of US $ 73.67 Bn. in 2022. Global Farm Tractor Market size is expected to grow at a CAGR of 5.1%. The market is expected to reach a value of US $ 104.36 Bn. in 2029.
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Extent of the Market Report and Research Approach Farm Tractor Market
The sizing of specific segments within the Farm Tractor market was determined utilizing diverse secondary sources including industry associations, white papers, and journals. Primary methods incorporated surveys, questionnaires, and telephonic interviews with esteemed professionals, industry specialists, market leaders, entrepreneurs, and marketing experts. Employing PESTLE analysis facilitated comprehension of the potential impact of micro and macro-economic factors on the Farm Tractor Market.
Thorough scrutiny of industry rivalry, comprising market leaders, followers, and emerging entrants, was conducted. Extensive primary research validated and confirmed crucial statistics attained post-comprehensive Farm Tractor market engineering and calculations, encompassing market statistics, size estimations, forecasts, breakdowns, and data triangulation. Secondary data was gathered from annual reports, articles, paid and free databases, etc. The bottom-up approach was utilized to estimate regional and Farm Tractor market sizes.
Farm Tractor Market Divisibility
by Power Output
<30 Hp
31Hp -150Hp
151Hp -250Hp
>250Hp
The market is divided into three segments based on power output: less than 40 horsepower, 41 to 100 horsepower, and more than 100 horsepower. With almost 60% of the market share in terms of volume in 2019, the category with less than 40 HP dominated the industry. This is because of the benefits of contemporary agricultural tractors, which include their affordability, portability, and ability to perform all necessary agricultural chores. Due to the increased adoption of agricultural tractors in developing nations, the sector is anticipated to expand throughout the forecast years.
Over the course of the projection period, agricultural tractors with engine power ranging from 41 to 100 horsepower are expected to enjoy significant growth due to rising demand from mature regions like North America and Europe.
by Drive type
Two-wheel drive
Four-wheel drive
The market is divided into two-wheel drive and four-wheel drive segments based on the kind of driver. The pandemic will cause 2WD tractor transmissions to increase negatively in 2022, which will lower overall tractor sales. Roughly 97-98% of 2WD tractors are sold worldwide. Large field tasks requiring a great deal of flexibility are best suited for 4WD tractors. By 2029, the volume will have increased by 50% from 2020.
by System type
Without loaders
Front-loaders
Backhoe loaders
by Design type
Tractor without CAB
Tractor with CAB
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Localised Perspectives on the Farm Tractor Industry
Regional analytics span across North America, South America, Asia Pacific, Europe, the Middle East, and Africa. The report entails a comprehensive elucidation of market sizes, trends, competition, and technology adoption on a regional basis.
The Farm Tractor Market’s Principal Players
1. Claas KGaA mbH
2. CNH Industrial N.V.
3. AGCO Corporation
4. Mahindra & Mahindra Ltd.
5. Deere & Company
6. Kubota Corporation
7. Yanmar Co., Ltd.
8. Tractors and Farm Equipment Limited
9. Zetor Tractors A.S.
10. Alamo Group, Inc.
11. STEYR
12. New Holland Agriculture
13. Antonio Carraro
14. Argo Tractors S.p.A.
15. Changzhou Dongfeng Agricultural Machinery Group Co. Ltd.
16. CLAAS KGaA mbH
17. Steyr Landmaschinentechnik AG
18. Daedong-USA, Inc. KIOTI Tractor Division
19. Escorts Group
20. Force Motors Ltd.
21. Indo Farm Equipment Limited.‘
Section Heading: Farm Tractor Industry
Part 01: Executive Summary
Part 02: Scope of the Farm Tractor Market Report
Part 03: Farm Tractor Market Landscape
Part 04: Farm Tractor Market Sizing
Part 05: Farm Tractor Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Principal Products/Services:
- Historical Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curves by region (2018 to 2021)
- Industrial Manipulator Market Size, Share, and Forecast by different segments | 2023−2029
- Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Industrial Manipulator Market Segmentation – In-depth analysis by Type, Application, and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Market Leaders, Market Followers, Regional players
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s Analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
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