Market Analysis and Insights: Global Agricultural Tractor Market
Due to the COVID-19 pandemic, the global Agricultural Tractor market size is estimated to be worth US$ 53820 million in 2022 and is forecast to a readjusted size of US$ 70890 million by 2028 with a CAGR of 4.7% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Below 10 KW accounting for % of the Agricultural Tractor global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Farm segment is altered to an % CAGR throughout this forecast period.
North America Agricultural Tractor market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Agricultural Tractor include Deere, New Holland, Kubota, Mahindra, Kioti, CHALLENGER, AGCO, Claas and CASEIH, etc. In terms of revenue, the global 3 largest players have a % market share of Agricultural Tractor in 2021.
Global Agricultural Tractor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Agricultural Tractor Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Below 10 KW
10-30 KW
30-50KW
Above 50 KW
Segment by Application
Farm
Orchard
Forest Farm
Other
By Company
Deere
New Holland
Kubota
Mahindra
Kioti
CHALLENGER
AGCO
Claas
CASEIH
JCB
AgriArgo
Same Deutz-Fahr
V.S.T Tillers
Ferrari
Earth Tools
Grillo spa
Zetor
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina