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Cultivating Success: Global Farm Tractor Market Dynamics and Future Outlook

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Farm Tractor Market Value : 

The Farm Tractor Market reached a value of USD 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 USD 104.36 Bn. in 2029.

Farm Tractor Market Segmentation

Global Farm Tractor Market Size, by Power Output (2022-2029)

• <30 Hp • 31Hp -150Hp • 151Hp -250Hp • >250Hp

The market is divided into three sub-segments based on power output: 40 to 100 horsepower, and greater than 100 horsepower. As measured by volume, the market in 2019 was led by the sub-40 HP sector, which accounted for more over 60% of the total. This is because modern agricultural tractors have several benefits, including their affordability, small size, and ability to carry out all necessary agricultural chores. The market is anticipated to expand in the upcoming years as more emerging nations embrace agricultural tractors.

A large increase in demand for agricultural tractors with engines ranging from 41 to 100 Hp is anticipated over the projection period due to growing demand from developed regions like North America and Europe.

Global Farm Tractor Market Size, by Drive type (2022-2029)

• Two-wheel drive
• Four-wheel drive

The market is divided into two sub-segments based on the kind of driver: two-wheel drive and four-wheel drive. The pandemic will cause a negative growth rate for 2WD tractor transmissions in 2022, which will lower overall tractor sales. Approximately 97-98% of 2WD tractors are sold worldwide. Tractors with 4WD are more appropriate for large-scale field operations that demand a lot of flexibility. By 2029, the volume will have doubled in compared to 2020.

 

Global Farm Tractor Market Size, by System type (2022-2029)

• Without loaders
• Front-loaders
• Backhoe loaders

Global Farm Tractor Market Size, by Design Type (2022-2029)

• Tractor without CAB
• Tractor with CAB

To Gain More Insights into the Market Analysis, Browse Summary of the Research Report @ : https://www.maximizemarketresearch.com/request-sample/79236

Farm Tractor Market Report Purpose

Global Farm Tractor Market published by Maximize Market Research is the culmination of thorough primary and secondary research. The qualitative and quantitative data in the Farm Tractor Market report is expected to assist decision-makers in determining which market segments, regions, and variables driving the market are likely to develop at higher rates, as well as major opportunity areas.

Maximize Market Research's report on Farm Tractor Market includes a PESTLE analysis, which aids in the development of company strategies. Political variables can help you figure out how much a government can influence the Farm Tractor market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Farm Tractor market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Farm Tractor market is aided by legal factors.

The report throws light on the competitive scenario of the global Farm Tractor market to know the competition at both the domestic and global levels. It covers all the key aspects such as areas of operation, production, and product portfolio. Additionally, Farm Tractor market players in the report are studied based on key factors such as company size, market share, market growth, revenue, production volume, and profits.

Read More : https://www.maximizemarketresearch.com/market-report/global-farm-tractors-market/79236/

Farm Tractor Market Regional Insights

  • North America
  • Europe
  • Asia-Pacific
  • The MEA
  • Latin America

The study's examination of the Farm Tractor Market looks at the supply chains of manufacturers, current laws and regulations, supply chains, cost structures, and market share. By examining the pricing of the commodities in the region in proportion to the profit created, the regional markets for the Farm Tractor Market are explored.

Competitive Environment –

Sales of Mahindra Group Tractors increased by 5.34% in July. The company sold 25,769 units in July 2022 as opposed to 24,463 units in July 2020. This clearly shows an improvement over the prior year, and in July 2022, its market share increased by 0.77%.

The Tafe Group's (Massey Ferguson and Eicher) tractor sales decreased by 5.25%. Tafi tractor sales in the domestic market reached 11,112 units in July 2022 and 11,728 units in July 2020. TAFE suffered a 1.54% market share loss as a result. July 2022:

The domestic tractor market had a drop of 1.27%, according to Sonalika Tractor. In July 2022, this brand sold 8,115 units, compared to 8,219 units in July 2020, for a 0.57 increase.

Farm Tractor Market Key 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., 

To know about the Research Methodology :- Request Free Sample Report

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation: A detailed analysis Farm Tractor
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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