Farm Tractor Market Will Target Emerging Markets by 2022 – iCrowdNewswire
 

Nov 8, 2017 12:49 PM ET

Farm Tractor Market Will Target Emerging Markets by 2022

iCrowdNewswire - Nov 8, 2017

Farm Tractors Market is projected to reach a market size of USD 65.57 Billion by 2022, at a CAGR of 5.24% during the forecast period & Agricultural Equipment Market is projected to grow at a CAGR of 5.31% during the forecast period, to reach a market size of USD 139.41 billion by 2022.

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Asia-Oceania market is estimated to dominate the global market for agricultural equipment and is projected to grow at the highest CAGR of 6.00% during the forecast period. The growth of the Asia-Oceania market can be attributed to rising population, noticeable government initiatives at thecountry level, and shift toward modern agricultural practices to meet the demand for food. According to the United Nations Department of Economic and Social Affairs (UN DESA) report, China and India contributed 19% and 18% to the global population, respectively while overall Asia accounted for around 59% of the global population in 2015..

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The four-wheel drive farm tractors segment is witnessing significant growth in the farm tractors market. The major driving factors for this segment are the increased use of high powered farm tractors in regions such as Europe owing to considerably large agricultural land and changing farmers’ investment capabilities. The all-wheel drive farm tractors offer better traction, power, maneuverability, and performance as compared to two-wheel drive farm tractors. Additionally, as four-wheel drive farm tractors have better pulling capacity than conventional two-wheel drive farm tractors, they are the better option for pulling larger load implements. With the increase in mechanization and use of implements in the agriculture industry, the demand for four-wheel drive farm tractors is projected to grow in the near future. According to Agrievolution report published in 2015, out of the total tractor sales in Germany, every fifth tractor is a high power tractor.

Target Audience Include Farm Tractor Market Report:

  • Agricultural Equipment (Farm tractors, Implements, & Combines) manufacturers
  • Agricultural equipment component suppliers
  • Agricultural equipment distributors
  • Connected solutions and other advanced technology providers to agriculture equipment industry
  • Agricultural equipment and component manufacturing associations
  • Government and regulatory authorities

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Top Companies Analyzed for Farm Tractor Market are – Deere & Company (U.S.), CNH Industrial N.V. (U.K.), Kubota Corporation (Japan), AGCO Corporation (U.S.), CLAAS KGaAmbH. (Germany), SAME Deutz-Fahr (Italy), Mahindra & Mahindra Ltd. (India), Bucher Industries (Switzerland), J C Bamford Excavators Ltd. (U.K.), Iseki & Co. Ltd.  (Japan), Escorts Ltd. (India), Yanmar Co. Ltd. (Japan), Zetor Tractors A.S. (Czech Republic), Alamo Group, Inc. (U.S.), Tractors and Farm Equipment Limited (India).

Fundamental Key Point from Table of Content:

Combines Market, By Application
Introduction
Combines Market, By Application
Combines Market, By Region
Combine Harvesters for Corn Market, By Region
Combine Harvesters for Rice Market, By Region
Combine Harvesters for Soybean Market, By Region
Combine Harvesters for Wheat Market, By Region
Combine Harvesters for Other Crops Market

Implements Market, By Function
Introduction
Implements Market, By Function
Implements Market, By Region
Harvesting Implements Market, By Region
Haying Implements Market, By Region
Planting & Fertilizing Implements Market, By Region
Plowing & Cultivating Implements Market, By Region
Spraying Implements Market, By Region
Other Implements Market, By Region

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Tractors Market, By Drive Type
Introduction
Tractors Market, By Drive Type
Two-Wheel Drive Tractors Market, By Region
Four-Wheel Drive Tractor Market, By Region

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