Report Code: A03944 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
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Request Now !The global agricultural industry witnesses production-specific concerns, owing to the increase in demand for food, population growth, water scarcity, inadequate arable land, and degradation of soil fertility. Therefore, there is a rise on the innovation in mechanization, which is projected to improve the efficiency of farmlands.
Increase in need for operational efficiency & profitability, rise in labor cost, and growth in trend of mechanization drives the market growth. However, high cost of farm machinery hinders the growth of the market. Advancement in technology is anticipated to provide growth opportunities to the market.
The farm tractors market is segmented on the basis of drive type, system type, design type, power output, and geography. By drive type, the market is bifurcated into two-wheel drive and four-wheel drive. Based on system type, the market is classified into without loaders, front loaders, and backhoe loaders. By design type, it is divided into tractor without CAB and tractor with CAB. Based on power outputs, the market is studied across less than 30 hp, 31-100 hp, 101-200 hp, and more than 200 hp. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Claas KGaA mbH, CNH Industrial N.V., AGCO Corporation, Mahindra & Mahindra Ltd., Deere & Company, Kubota Corporation, Yanmar Co., Ltd., Tractors and Farm Equipment Limited, Zetor Tractors A.S., and Alamo Group, Inc. are some of the major key players operating in the global farm tractors market.
Key Benefits:
Key Players
Farm Tractors Market Report Highlights
Aspects | Details |
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By Drive Type |
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By System Type |
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By Design Type |
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By Power Output |
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By Region |
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Key Market Players | Kubota Corporation, Deere & Company, Tractors and Farm Equipment Limited, AGCO Corporation, Zetor Tractors A.S., Mahindra & Mahindra Ltd., Yanmar Co., Ltd., CNH Industrial N.V., Alamo Group, Inc., Claas KGaA mbH |
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