Farm tractor sales are anticipated to grow globally between 2022 and 2032 at a CAGR of 5.3%. The market for farm tractors is currently worth US$ 71 billion and is projected to grow to US$ 120 billion by 2032.Farm mechanisation relies heavily on tractors, which help farmers boost output and productivity. To till, plant, and harvest crops, among other farming processes, farm tractors are used to pull equipment over the field.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and a far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Farm Tractors Market both at worldwide and provincial levels.
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Market Players: -
- Argo Tractors S.p.A
- AGCO Corporation
- Escorts Limited
- CLAAS KGaA mbH
- CNH Industrial N.V
- Deere & Company
- Kubota Corporation
- CNH Industrial Österreich GmbH (Steyr Traktoren)
- Tractors and Farm Equipment Ltd. (TAFE)
- Mahindra and Mahindra Ltd
- SDF S.p.A
What Do You Get in a Fact.MR Study?
- Factors affecting the overall development of the global Farm Tractors Market
- Factor that might restrain the growth of the global market in the coming years of the forecast period.
- What is present competitive scenario of the global Farm Tractors Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Farm Tractors Market
The global farm tractors market is highly concentrated, with a few tractor makers having the lion’s share. Leading market players have the potential to accelerate growth by implementing newer technology. Key players’ principal tactics include mergers and acquisitions and product range expansion.
- In August 2021, Deere & Business acquired Bear Flag Robotics, an AgTech company. This acquisition would assist the former company in meeting consumer needs and growing its customer base.
- In July 2021, New Holland North America introduced the T7 Heavy-duty Tractor with PLM Intelligence to their farm tractor portfolio. The new tractor is designed to help farmers be more efficient by enabling them to multitask in a range of fields and transport applications.
- In February 2021, TAFE (Tractors and Farm Equipment), the maker of Massey Ferguson tractors, launched its new DYNATRACK Series, which is a modern variety of tractors that provide advanced technologies, dynamic performance, unparalleled utility, and flexibility, all concocted into a single powerful tractor.
Key Segments in Farm Tractors Industry Research
- By Power Output:
- Up to 30 HP
- 31HP to 100 HP
- 101HP to 200 HP
- Above 200 HP
- By Drive Type:
- Two-wheel Drive (2WD)
- Four-wheel Drive (4WD)
- By Region:
- North America
- Latin America
How Fact.MR Assists in Making Strategic Moves?
The data provided in the Farm Tractors Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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- Strong focus on delivering quality market reports
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