Global Farm Tractors Market is projected to grow at impressive CAGR of over 5% in value terms owing to growing agriculture industry globally, rising mechanization and increasing productivity and efficiency requirements. Moreover, the farmers are shifting toward higher mechanization through agricultural equipment and rise in demand for food globally drives the farm tractors market. Due to decrease in hectare land per farmer globally the demand for 31–100 hp segment holds the largest market share in 2021 in farm tractor market and is estimated to maintain its dominance over the next five years as well. In 2021- 2027, APAC is estimated to be the largest and fastest growing market for farm tractors.
Some of the major key players operating in Farm Tractors are J C Bamford Excavators Ltd., AGCO Corporation, CNH Industrial N.V., Escorts Ltd., Tractors and Farm Equipment Limited, Deere & Company, Mahindra & Mahindra Ltd., Zetor Tractors A.S., Iseki & Co., Ltd., Same Deutz-Fahr Italia S.P.A., Kubota Corporation etc.
Objective of the Study:
- To assess the demand-supply scenario of Farm Tractors which covers production, demand and supply of Farm Tractors market globally.
- To analyse and forecast the market size of Farm Tractors in terms of volume and Value.
- To classify and forecast global Farm Tractors based on Power Output, Drive Type, Function, Application and regional distribution.
- To identify drivers and challenges for global Farm Tractors market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Farm Tractors.
- To identify and analyse the profile of leading players involved in the manufacturing of global Farm Tractors.
To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of Farm Tractors manufacturers operating globally. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings and regional presence of all major Farm Tractors supplier across the globe.
TechSci Research calculated the market size for Global Farm Tractors using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturer to arrive at the overall market size. Multiple secondary sources such as directories, Company Websites, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Farm Tractors manufacturers
- Agricultural equipment component suppliers
- Technology providers to agriculture equipment industry
- Research Institutes
- Associations, organizations, forums and alliances related to Farm Tractors.
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Farm Tractors manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
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About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies, and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global, and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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