Rising Global Population and Growing Food Demand to Surge the Farming Activities and the Adoption of Farm Tractors

Fri, 27 November 2020 5:39

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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Key Players

  • John Deere
  • AGCO Corporation
  • CNH Industrial
  • CLAAS (Germany)
  • Kubota (Japan)
  • Mahindra & Mahindra (India)
  • SPF Group (Italy)
  • J C Bamford Excavators
  • Iseki (Japan)

Farm Tractors Market: Segmentation

By Design Type

  • Orchard Tractors
  • Row-Crop Tractors

By Horse Power

  • Less than 40 HP
  • 40–99 HP
  • 100–150 HP
  • 151–200 HP
  • 201–270 HP
  • 271–350 HP
  • 350 HP and above

By Drive Type

  • Two-Wheeler Drive
  • Four-Wheeler Drive

By System Type

  • Without Loaders
  • Front Loaders
  • Backhoe Loaders

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • The U.K.
  • Italy
  • Spain
  • The Netherlands
  • Russia
  • The Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
  • Singapore
  • Vietnam
  • The Rest of Asia-Pacific

Central and South America and the Caribbean

  • Brazil
  • Argentina
  • Colombia
  • The Rest of Central and South America and the Caribbean

The Middle East

  • Saudi Arabia
  • The UAE
  • Oman
  • Bahrain
  • The Rest of the Middle East

Africa

  • Nigeria
  • South Africa
  • Ghana
  • Tanzania
  • The Rest of Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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