Global Farm Tractors Market Trajectory & Analytics Report 2022: Market to Surpass $100+ Billion by 2027 - Robust Demand for Advanced Tractors in Developed Markets - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Farm Tractors - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Farm Tractors Market to Reach $103 Billion by 2027

The global market for Farm Tractors estimated at US$79 Billion in the year 2022, is projected to reach a revised size of US$103 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027. 31 HP to 100 HP by Power Output, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$17.7 Billion by the end of the analysis period.

The U.S. Market is Estimated at $12.1 Billion, While China is Forecast to Grow at 7.4% CAGR

Farm Tractors market in the U.S. is estimated at US$12.1 Billion in the year 2022. China is forecast to reach a projected market size of US$33.2 Billion by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Canada and Europe, each forecast to grow at 4.4% and 4.1% respectively over the 2020-2027 period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Farm Tractors: A Prelude
• Different Types of Farm Tractors
• Tractors - The Workhorses of Agriculture
• Growth Drivers in a Nutshell
• Key Challenges
• Farm Tractors Market Back on Track
• Population Growth & Demand for Food to Create Long-Term Stability in Growth
• Emerging Economies Drive Market Expansion
• Competitive Scenario
• Fierce Competition Keeps Farm Tractor Makers on Toes
• Tractor Manufacturers Feel the Heat of Competition from Asian Manufacturers
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS (Total 83 Featured)

• AGCO Corporation
• Argo Tractors S.p.A.
• CLAAS KGaA mbH
• CNH Industrial N.V.
• CNH Industrial Osterreich GmbH (Steyr Traktoren)
• Deere & Company
• Escorts Limited
• Kubota Corporation
• Mahindra and Mahindra Ltd.
• SDF S.p.A.
• Tractors and Farm Equipment Ltd. (TAFE)

3. MARKET TRENDS & DRIVERS

• Increasing Mechanization of Farming Practices Drives Sales of Tractors
• Percentage of Population Engaged in Agriculture for Select Countries
• Robust Demand for Advanced Tractors in Developed Markets
• Strong Adoption across Industrializing Nations
• Agricultural Labor Shortage & Rising Labor Wages to Spur Demand for Tractors
• Shrinking Labor for Agriculture Benefits Demand for Tractors
• Food Security Drives Governments to Stress on Improving Productivity
• Growing Agricultural Trade Worldwide to Create Major Opportunities for Farm Tractor Vendors
• Farm Consolidation to Lead to Demand for Larger Tractors
• Autonomous Farm Tractor to Become an Essential Constituent of Precision Agriculture
• Growing Investments in Smart Agriculture Bodes Well for the Adoption of Autonomous Tractors
• Technological Innovations to Drive Productivity in Agriculture
• Renting Farm Equipment and Tractors Picking Up Pace
• Expanding Global Population & Increase in Agricultural Output to Drive Demand for Tractors
• Focus on Precision Farming Lends Traction to Tractor Sales
• Technological Innovations in Farming Equipment Lead the Way
• Technologically Advanced Tractors Gain Prominence in Developed Markets
• Comfort Features: An Important Value Addition Gaining Traction
• Alternative Fuel Tractors: An Important Product Development in the Coming Years
• Small Tractors Gain Ground in Developing Regions
• Certified Used Machines are Catching Up Globally
• Rising Demand for Energy Crops: A Business Case for Farm Tractors
• Biodiesel Production and Consumption in Thousand Barrels per Day by Select Countries
• Average Biofuel Yields of First Generation Feedstocks

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/k42skr