DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Farm Tractor Market by (Power Output (30, 31-100, 101-200, >200hp), Drive Type (2WD, 4WD, & Autonomous Tractor), Combines Market (Corn, Rice, Wheat, Soybean), Implements Market (Harvest, Hay, Plant & Fertilize, Plow & Cultivate) - Forecast to 2022" report to their offering.
The Agricultural Equipment Market is projected to grow at a CAGR of 5.31% during the forecast period, to reach a market size of USD 139.41 billion by 2022.
Rising global population, increased mechanization owing to shortage of skilled labor and increasing labor wages, and increasing government supports/subsidies and other financial aids are the key drivers for the agricultural equipment market. On the other hand, the high cost of machinery, growing presence of unorganized players for small equipment (like implements), and increasing demand for used or rental equipment are some of the key restraints that could influence the growth of this market.
Four-wheel drive farm tractors market is projected to grow at the fastest rate during the next five years
The four-wheel drive farm tractors segment is witnessing significant growth in the farm tractors market. The major driving factors for this segment are the increased use of high powered farm tractors in regions such as Europe owing to considerably large agricultural land and changing farmers' investment capabilities. The all-wheel drive farm tractors offer better traction, power, maneuverability, and performance as compared to two-wheel drive farm tractors.
- Agco Corporation
- Alamo Group Inc.
- Bucher Industries
- Claas Kgaa Mbh
- CNH Industrial N.V.
- Deere & Company
- Escorts Ltd.
- Iseki & Co. Ltd.
- J C Bamford Excavators Ltd.
- Kubota Corporation
- Mahindra & Mahindra Ltd.
- Same Deutz-Fahr Italia S.P.A.
- Tractors And Farm Equipment Limited
- Yanmar Co. Ltd.
Zetor Tractors A.S.
Key Topics Covered:
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Combines Market, By Application
7 Implements Market, By Function
8 Tractors Market, By Drive Type
9 Autonomous Tractors Market, Future Trends, & Scenario (2020-2027)
10 Tractors Market, By Power Output & Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/5gzcnr/farm_tractor