Globally, the agricultural industry is burgeoning at a rapid pace, which is further spiking the demand for farm tractors. The increasing adoption of newer technology and smart farming in the agriculture sector is expected to foster the farm tractor market. The agriculture sector is evolving in terms of the production of crops due to the increasing demand for food products globally.
The agriculture industry has become one of the leading sectors in generating the GDP of several economies. For instance, in 2017, agriculture, food, and related industries contributed USD 1.053 trillion to the U.S. GDP. The output of the U.S. farms contributed USD 132.8 billion of this amount, which is around 1% of the GDP. Farm tractors are extensively used in modern agriculture, and almost 60% of the farming process is dependent on farm tractors.
Tractors have reduced the use of human resources and animals in the agricultural industry. They are used on farms to mechanize various agricultural tasks, such as digging, tilling, plowing, and planting fields, landscape maintenance, clearing bushes, and moving or spreading fertilizers. The farm tractors help in leveling the surface of the agricultural or farming land as they are equipped with a rotavator that helps in leveling surface, along with making soil fluffy and removing hard stuff, such as roots of other plants from the soil. The modern tractors offer advantages on small farms as well as in regular lawn and garden work, which is further driving the market growth.
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Farm Tractors Market: Segmentation
By Design Type
By Horse Power
By Drive Type
By System Type
Central and South America and the Caribbean
The Middle East
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* Customer Behaviour Analysis
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