Market Size : Agricultural Tractor Market Globally Grow at a CAGR of 3.08% by Revenue During the Period 2018-2021

Tractors are one of the most important tools used in farming, as they can be used for multipurpose applications like plowing of the lands, harrowing, disking, tilling, planting, and other similar tasks.

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Even other farm equipment is pulled or pushed with the help of tractors or integrated with the tractors, to make the farm related work more efficient. The global agricultural tractor market is segmented based on driveline (two-wheel drive and all-wheel drive); engine power (low-power output (<40 hp), mid-power output (40-100 hp), and high-power output (>100 hp)); and geography (APAC, EMEA, and the Americas).

Technavios analysts forecast the global agricultural tractor market to grow at a CAGR of 3.08% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global agricultural tractor market for 2017-2021. To calculate the market size, the report considers the sales volume of the agricultural tractor.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global Agricultural Tractor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Escorts Group
John Deere
Mahindra Tractors
Massey Ferguson

Other prominent vendors
CLAAS
New Holland
KUBOTA
McCormick Tractor
Sonalika Tractors
Tractors and Farm Equipment (TAFE)
Valtra

Market driver
Increase in the wages of laborers has led to declining profit margins for farmers
For a full, detailed list, view our report

Market challenge
High price of agricultural all-wheel drive tractors: Restricting their demand in APAC
For a full, detailed list, view our report

Market trend
Increase in consolidation of fragmented land in Europe and Americas
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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