DUBLIN--(BUSINESS WIRE)--The "Global Agriculture Tractor Market - Strategic Assessment and Forecast 2017-2022" report has been added to Research and Markets' offering.
The global agriculture tractor market is expected to grow impressively at a CAGR of close to 5% during the period 2016-2022.
The growing demand for food grains across the globe is expected to increase the sale of agriculture tractors. Agriculture tractor manufacturers are increasingly incorporating advanced technologies such as GPS and telematics in their tractors. The implementation of advanced technology increases their productivity and efficiency. Also, increased focus on precision farming in developed economies is increasing the demand for advanced tractors in these countries. Therefore, the agriculture tractor market is expected to grow in both developed and developing countries during the forecast period.
The sale of tractors in developed countries in 2016 witnessed a decline of an average of (15-20%) due to various factors such as the slowdown in the world economic growth and decreased commodity prices. However, the outlook for 2017 remains strong, and the sale of agriculture tractor in developed economies is expected to register a moderate growth rate.
The less than 40 HP agriculture tractors segment accounted for more than 54% of the global agriculture tractor market in 2016, and its contribution is likely to increase by 2022. Similarly, the demand for high HP agriculture tractors (more than 150 HP) is also expected to increase from developed economies such as Western Europe during the forecast period.
- ACE Tractors
- CNH Industrial
- Captain Tractors
- Deere & Company
- Escorts Group
- Force Motors
- Foton Lovol
- Mahindra & Mahindra
- Mars Group
- VST Tillers
Key Topics Covered:
Section 1 Research Methodology
Section 2 Executive Summary
Section 3 Report Coverage
Section 4 Introduction
Section 5 Key Market Growth Drivers
Section 6 Key Market Trends
Section 7 Key Market Restraints
Section 8 Global Agriculture Tractor Market
Section 9 Segmentation by HP
Section 10 Geographical Segmentation
Section 11 APAC: Agriculture Tractor Market
Section 12 North America: Agriculture Tractor Market
Section 13 Europe: Agriculture Tractor Market
Section 14 Latin America: Agriculture Tractor Market
Section 15 MEA: Market Size and Analysis
Section 16 Competitive Landscape
Section 17 Key Vendor Analysis
Section 18 Other Prominent Vendors
For more information about this report visit https://www.researchandmarkets.com/research/zr6vgd/global