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Global Tractor Market Is Forecast To Reach USD 192 Billion By 2032

The global tractor market is estimated at USD 137 Billion in 2022 and is forecast to reach USD 192 Billion by 2032, growing with a CAGR of 3.4% from 2022 to 2032. As per the latest industry analysis published by Fact.MR MR – a market research and competitive intelligence provider, the global tractor market is expected to reach a valuation of around USD 137 Billion in 2022. The tractor sales are slated to accelerate at a steady CAGR of 3.4% to reach USD 192 Billion by 2032. The demand for the hydraulic type of mechanisms is likely to increase with a CAGR of 3.8% over the assessment period of 2022 to 2032.

The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far-reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for the Demand of Tractors Market both at worldwide and provincial levels.

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Market Players: –

  • Deere & Co.
  • Mahindra & Mahindra Limited
  • KUBOTA Corporation
  • AGCO Corporation
  • New Holland
  • Caterpillar Inc.
  • Yanmar Co., Ltd.
  • Doosan Bobcat Inc
  • Escorts Limited
  • ARGO Tractors
  • JCB, Inc.
  • Tractors and Farm Equipment Limited
  • KIOTI Tractor

Competitive Landscape

According to the tractor market industry analysis, Caterpillar Inc., Deere & Co., Mahindra & Mahindra Limited, AGCO Corporation, Yanmar Co., Ltd., New Holland, Doosan Bobcat Inc, ARGO Tractors., Tractors and Farm Equipment Limited, CLAAS, Escorts Limited, JCB Inc and Kioti Tractors are identified as key players manufacturing tractors.

The report sheds light on leading manufacturers of tractors, along with detailed profiles of mentioned companies. Up-to-date and essential data related to market players & suppliers who are mostly involved in offering tractors have been brought with the help of a complete view of dashboard.

Some of the key developments are:

  • In 2022New Holland had re-launched the tractor named as T7 intelligent tractor with some latest features like PLM (Precision Land Management) intelligence, increase in cab volume by 8%, 11% of increase in glass area which makes a lot better visibility to the driver.

Similarly, recent developments by top providers of tractor have been tracked by the team at Fact.MR, which are available in the detailed report.

Key Segments Covered

  • By Engine Type :-
    • 22 to 25 HP
    • 25 to 60 HP
    • 60 to 140 HP
    • 140 to 400 HP
    • 400 to 620 HP
  • By Mechanism Type :-
    • Electric
    • Hydraulic
    • Hybrid
  • By Application Type :-
    • Utility Tractors
    • Row Crop Tractor
    • Orchard Type
    • Industrial Tractor
    • Garden Tractor
    • Rotary Tillers
    • Implement Carrier
    • Earth Moving Tractors

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

How Fact.MR Assists in Making Strategic Moves?

The data provided in the Tractors Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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