Tractor Market Share, Size, Trends, Growth, Demand by Region and Forecast Till 2025

1. Global Tractor Market Research Report and Forecast 2025 Report Edition: 2020 © 2020 IMARC All Rights Reserved Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Global Tractor Market Overview: A tractor is a specially designed vehicle to provide high torque at a slow speed. Tractors are primarily used in the agriculture industry to perform plowing, tilling, harrowing, disking, and planting. They are also employed in earthmoving, load carriage, and building activities in the construction sector. The increasing labor costs, growing demand for plant-based food products, improving rural incomes, and rising number of government initiatives are driving the demand for tractors in the agriculture sector. Global Tractor Market Trends The emergence of precision farming and the increasing utilization of farm mechanization to enhance field productivity are propelling the adoption of tractors for several agricultural purposes. Furthermore, the growing number of farm training programs to promote the adoption of agricultural machinery on a large scale is also driving the demand for tractors. Several government bodies are offering subsidies and financial support to accelerate the automation of various agrarian processes, thereby inducing the market growth. Additionally, the rapid increase in building and construction projects further inflates the demand for tractors in the construction industry. Moreover, various technological advancements have led to the emergence of advanced tractors with pre-installed GPS and telematics devices.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ In Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Request for a free sample report: https://www.imarcgroup.com/tractor-market/requestsample The growing traction of automated commercial vehicles and global penetration of wireless connectivity for remote monitoring is expected to drive the global tractor market.

5. Report Description and Highlights Report Description Tractor Market Segmentation: Breakup by Power Output: • • • Below 40 HP 40 HP - 100 HP Above 100 HP Breakup by Drive Type: • • 2-Wheel Drive 4-Wheel Drive Breakup by Application: • • • • Agriculture Construction Mining Forestry

6. Report Description and Highlights Report Description • Others Breakup by Region: • • • • • North America Asia Pacific Europe Latin America Middle East and Africa For more information, click here: https://www.imarcgroup.com/tractor-market Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • • Agco Corporation Argo Tractors S.p.A Changzhou Dongfeng Agricultural Machinery Group Co. Ltd

7. Report Description and Highlights Report Description • • • • • • • • • CLAAS KGaA mbH CNH Industrial N.V. Deere & Company Escorts Limited Kubota Corporation Mahindra & Mahindra Ltd. (Mahindra Group) Sonalika Group Tractors And Farm Equipment Limited (Amalgamations Group) Yanmar Co. Ltd. (Yanmar Holdings Co., Ltd.). Browse Related Report Surgical Robots Market Report: https://www.imarcgroup.com/surgical-robots-market Pressure Sensitive Tapes Market Report: https://www.imarcgroup.com/pressure-senitive-tapes- market

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