The analysts forecast the global agricultural tractor market in terms of volume, to grow close to 2 million units by 2022.
Tractors can be used for various tasks including construction, agriculture, road building, and transportation of material. However, this report includes only the tractors that are used for various agricultural purposes. Agricultural tractors are used to mechanize various agricultural processes like plowing, tilling, planting, irrigation, and others.
The report covers the present scenario and the growth prospects of the global agricultural tractor market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
One trend in the market is increase in M&A activities. Some key vendors have been undergoing various inorganic diversification activities including M&A due to expansions, technological innovations, and others.
One driver in the market is introduction of driverless agricultural tractors. The agricultural tractor market has been experiencing various technological innovations, with the introduction of driverless tractors being a major enhancement.
The report states that one challenge in the market is high upfront cost. Tractors are a necessity in the agricultural industry due to their diverse use. However, the price of these products can be unappealing for consumers. On an average, the price of agricultural tractors ranges between $2,500 and $25,000 which is a challenge for financially-unstable farmers.
- Deere & Company
- Mahindra & Mahindra
Key Topics Covered:
01. Executive Summary
02. Scope Of The Report
03. Research Methodology
04. Market Landscape
05. Market Sizing
06. Five Forces Analysis
07. Market Segmentation By Engine Capacity
08. Market Segmentation By Product
09. Customer Landscape
10. Regional Landscape
11. Decision Framework
12. Drivers And Challenges
13. Market Trends
14. Vendor Landscape
15. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/9qcdf3/global?w=4