Tractors: Elevating Expectation Towards Farming | To reach $97,906.1 million by 2030
A tractor is a powerful and versatile machine used in agriculture and other industries for a variety of tasks such as plowing fields, mowing, digging, and transporting heavy loads. They are usually fitted with various attachments such as plows, harrows, cultivators, and spreaders, which allow farmers to efficiently perform a variety of tasks on their land.
Tractors come in many sizes and shapes,
from small, compact tractors used for gardening and landscaping, to large,
heavy-duty tractors used for large-scale farming operations. They can also be
powered by different types of fuels, including diesel, gasoline, and propane. A
rise in demand for tractors, owing to higher kharif sowing, ploughing, and
plating application in agricultural activities, drive the growth of the global
tractor market. Easy availability of finance, and high usage of tractors in
farming application such as row crop, orchard, and garden, drive the growth of
the global tractor market.
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Leading Players:
Key companies profiled in the report
include Mahindra & Mahindra Ltd., Escorts Limited, CNH Industrial N.V.,
Tractors and Farm Equipment Ltd, Sonalika International Tractors Ltd, Deere
& Company, HMT Limited, Force Motors Limited, and Kubota Corporation.
Key Findings Of The Study
- By power output, the 30-50 HP segment was the
highest revenue contributor in 2020.
- By drive type, 2 wheel drive segment was the
highest revenue contributor in 2020.
- By application, agriculture segment was the
highest revenue contributor in 2020.
- Region wise, Asia-Pacific generated the
largest global tractor market share in 2020.
- The report provides an extensive analysis of
the global tractor market trends and emerging opportunities of the
market.
- The global tractor market forecast analysis
from 2021 to 2030 is included in the report.
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Key Segments:
By Power Output:
- Less Than 30 HP
- 30-50 HP
- 51-100 HP
- More Than 100 HP
By Application
- Agriculture
- Less Than 30 HP
- 30-50 HP
- 51-100 HP
- More Than 100 HP
- Construction, Mining & Logistics
- Less Than 30 HP
- 30-50 HP
- 51-100 HP
- More Than 100 HP
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