Agricultural Tractors Market is Expected to Expand at a CAGR of 1.8% from USD 60 Billion in 2016

New York, USA, 2018-Jul-25 — /EPR Network/ According to Goldstein Research, global agricultural tractors market is expected to expand at a CAGR of 1.8% from USD 60 billion in 2016 over the forecast period 2016-2024. Weak global economic conditions are adversely affecting the agricultural industry as a result agricultural tractors market is facing a decline in sales across the globe. But growing Population and rising demand for food crops is expected to bolster the demand for agricultural products and thus the agricultural equipment and tractors in coming years. Global agricultural tractors market segmentation has been carried out on the basis of power output and drive type. 40 hp tractors remain major growth area as compared to negative numbers of global sales. However, 31-100 hp agricultural tractors continued their stable trend in the global market.

Global agricultural tractors market is majorly driven by Asia-Pacific, backed by the rise in commercial farming in the region. India and China contributed 70% revenue share in 2016. Asia-Pacific region is closely followed by the North America market share. North America sales in 2016 showcased the growth of 3% as compared to sales in 2015.

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Market Segmentation

On the basis of our in-depth analysis, Global Agricultural Tractors Market can be segmented as follows:

By Power Output Type

  • <30 hp
  • 31–100 hp
  • 101–200 hp
  • >200 hp

By Drive Type


  • Two-wheel Drive
  • Four-wheel Drive

By Region

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Agricultural Tractors Market Outlook 2024contains a detailed overview of the global agricultural tractors market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by power output type and by drive types.

Further, for the in-depth analysis, Global Agricultural Tractors Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This global market research report also includes competitive outlook of some of the major players profiling of companies such as AGCO Corp., Deere and Company, CNH Industrial, Daedong Industrial, Escorts Group, Kubota, Mahindra & Mahindra, McCormick International, SAME DEUTZ-FAHR Group, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global agricultural tractors market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry market research to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.


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