Global Agricultural Tractors Market is segmented by Engine Power (below 40 HP, 40 to 120 HP, 121 to 180 HP, 181 to 250 HP, and more than 250 HP), Application (Harvesting, Seed Sowing, Irrigation, and Others), Drive Type (2WD and 4WD drive), Operation and Region – Industry Forecast till 2023.
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The key players in the global Agricultural Tractors market include:
The prominent players in the global agricultural tractors market include CNH Industrial America LLC. (USA), Deere & Company (USA), Deutz AG (Germany), Hattat Traktör (Turkey), Mahindra & Mahindra Limited (India), Massey Ferguson Limited (US), New Holland Agriculture (US), CLAAS KGaA mbH (Germany), KUBOTA Corporation (Japan), and Escorts Limited (India).
The major key driving factors for the growth of this market are the improving automotive and agricultural infrastructure in developed and developing regions, increasing production and sales of off-road vehicles globally, introduction of mechanical power and advanced technologies into agricultural production system, increasing demand for tractors equipped with cutting edge technology, growing investments in agriculture and the governmental support towards farm mechanization, and increasing uses of incorporate elements of data analytics, GPS and remote sensing in tractors by manufacture.
The tractors have been used on farms to mechanize several agricultural tasks including harvesting, cultivation, plowing and other tasks. The modern tractors are used for route lawn care, moving or spreading fertilizer, landscape maintenance and clearing unwanted bushes in the farm. The agricultural tractors are typically designed with powerful engines to pull heavy loads and run over uneven terrain or on tough farming land.
However, the growing use of software solutions in tractor helps to enhance performance, safety, and driving experience. There are a wide variety of software systems in automotive including auto mechanical software, connectivity software, auto driver software, entertainment, safety and navigation software among others.
Market Segments Analysis:
The global agricultural tractors market is segmented on the basis of engine power, application, drive type, operation, and region.
On the basis of engine power, the market has been segmented into below 40 HP, 40 to 120 HP, 121 to 180 HP, 181 to 250 HP, and more than 250 HP.
On the basis of application, the market has been segmented into Harvesting, Seed Sowing, Irrigation, and Others.
On the basis of drive type, the market has been segmented into 2WD and 4WD drive.
On the basis of operation, the market has been segmented into manual and autonomous tractor vehicle.
In terms of region, the global market for the Agricultural Tractors is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is estimated to hold the largest market share during the forecast period owing to distinguished sales of tractors across the country. Moreover, incentives and subsidies offered by the government on farming equipment’s are expected to boost the demand for Agricultural Tractors market in this region. Furthermore, the growing industrialization and infrastructure development across the region accelerate the growth of this market.
North America is estimated to grow at a significant rate in agricultural tractors market during forecast period owing to the need for mechanized farming and presence of key players such as CNH Industrial America LLC. (USA), Deere & Company (USA), and Massey Ferguson Limited (US) are contributing in the growth of this market.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL AGRICULTURAL TRACTORS MARKET
5 INDUSTRY OVERVIEW OF GLOBAL AGRICULTURAL TRACTORS MARKET
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
LIST OF TABLES:
TABLE 1 GLOBAL AGRICULTURAL TRACTORS MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA AGRICULTURAL TRACTORS MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE AGRICULTURAL TRACTORS MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC AGRICULTURAL TRACTORS MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA AGRICULTURAL TRACTORS MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA AGRICULTURAL TRACTORS MARKET: BY COUNTRY, 2017-2023
LIST OF FIGURES:
FIGURE 1 GLOBAL AGRICULTURAL TRACTORS MARKET SEGMENTATION
FIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL AGRICULTURAL TRACTORS MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL AGRICULTURAL TRACTORS MARKET
FIGURE 5 SHARE OF GLOBAL AGRICULTURAL TRACTORS MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL AGRICULTURAL TRACTORS MARKET, 2017-2023,
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