Agricultural Tractor Market Report Overview
Growing demand for food crops associated with an increase in installations of advanced agriculture machinery are factors driving the global agriculture tractor market in recent years. The agricultural tractor is majorly used in farming activities. These agriculture tractors are used in both organic and nonorganic farming. Most mechanized agricultural operations include a tractor as a primary power unit globally.
Agricultural Tractor Market Dynamics and Trends
The global agricultural tractor machinery market is expected to continue to grow in the coming years, driven by a number of factors, including: rising demand for food products in developing countries, increasing population and need to increase yield and cultivation activities in limited arable land.
These factors are putting pressure on farmers to produce more food with fewer resources, which is leading to increased adoption of agricultural tractor machinery.
In addition, farmers in developed nations are also investing in agricultural tractor machinery to improve their efficiency and productivity. This is evident in the increasing tractor registrations in developed countries in recent years.
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However, the agricultural tractor machinery market is also facing some challenges, such as the high operational costs and huge price of agricultural tractors. These factors can make it difficult for small-scale farmers to invest in agricultural tractor machinery.
Agricultural Tractor Market Segmentation and Shares
By Type
- Cultivator
- Tractor Trailer
- Rotavators
- Thresher Machines
- Harvester
By Horse Powers
- Below 40 HP
- 41 HP to 99 HP
- 100 HP to 150 HP
- More than 150 HP
By Drive
- 4 Wheel Drive (4WD)
- 2 Wheel Drive (2WD)
By Application
- Harvesting
- Seed Sowing
- Irrigation
By Tractor Type
- Pedestrian Tractors
- Wheeled Tractors
- Row-crop Tractors
- Orchard Tractors
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
Major Companies Covered
Mahindra & Mahindra Ltd, TAFE, Kubota Corporation, JCB, Iseki & Co. Ltd, Yanmar Co, Claas Group, Deere & Company, CNH Industrial NV, and Massey Ferguson Limited
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