Large Scale Farming to Drive the Demand for Tractors Equipped with 60-140 HP Engines – Fact.MR Study

Posted on 2022-02-08 by Future Market Insights, Inc in Internet & Online // 0 Comments

250 Pages Tractors Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

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Market Taxonomy

Region	North America Latin America Europe Japan APEJ MEA
Engine Types	22 to 25HP 25 to 60HP 60 to 140HP 140 to 400 HP 400 to 620 HP
Mechanism Type	Electric Hydraulic Hybrid
Application Type	Utility Tractors Row Crop Tractor Orchard Type Industrial Tractor Garden Tractor Rotary Tillers Implement Carrier Earth Moving Tractors

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Sales of Tractors with 60-140 HP Engines to Incur Boost from Increasing Adoption of Large-Scale Farming

High crop produce threshold of large-scale farming is driving its adoption in the global agricultural landscape. To meet the requirements of plowing and tilling across large farms, tractors with high power engines are witnessing a growing demand. The report estimates that throughout the forecast period, 30% of tractors sold globally will be equipped with 60-140 HP engines. The report also estimates that the demand for tractors with 140-400 HP engines will reflect fastest volume growth by reflecting a CAGR of 3.1% over the forecast period.

Tractors Built on Hydraulic Mechanism will Account for More than Half of Market Volumes; Utility Tractors to Represent Most Profitable Application

Considering their usage as heavy fieldwork equipment, tractors developed on hydraulic systems provide key advantages in terms of fluid transmission, fuel consumption and simple operability. Adoption of hydraulic tractors is pegged to remain economical for farmers in the years to come. By the end of 2026, nearly 1700 thousand units of hydraulic tractors will be sold across the globe. It is further estimated that utility tractors will account for nearly one-fourth share of global market volumes throughout the forecast period. High profit margins associated with the production of tractors for utility applications will remain lucrative for market players in the approaching years.

APEJ to Showcase Concentered Growth in Global Tractor Landscape; Driverless Tractors to Transform Market Dynamics

Regional assessment of the global tractors market puts the Asia-Pacific excluding Japan (APEJ) at the forefront. By the end of 2026, the tractors market in APEJ region will register sales of over 1,500 thousand units, reflecting a global market volume share of nearly 50%. Companies namely Deere & Company, Tractors and Farm Equipment Limited, Caterpillar, AGCO Corporation, Kubota Corporation, New Holland, Claas KGaA mbH, Escorts Limited, McCormick Tractor, Mahindra & Mahindra Limited, Bobcat (a Doosan company), KIOTI Tractor (subsidiary of Daedong Industrial Company, Ltd.), JCB and Yanmar America Corporation are recognized for being leaders in global tractor manufacturing, majority of whom will be eyeing at expanding their bases in the APEJ region. It is further assessed that self-driving technologies will remodel the development of tractors for tomorrow. Driverless tractors will penetrate the global agricultural sector in the coming years, bolstering the reliability of tractors in meeting the crop yield expectations for future farming needs.

Report Benefits & Key Questions Answered

Tractors Company & brand share analysis: The report offers in-depth Tractors brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
Tractors Historical volume analysis: The report offers a comparative analysis between historic sales of Tractors and projected sales performance for 2021-2031
Tractors Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
Tractors Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
Post COVID consumer spending on Tractors: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power

More Valuable Insights on Tractors Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Tractors, Sales and Demand of Tractors, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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Market Taxonomy

Sales of Tractors with 60-140 HP Engines to Incur Boost from Increasing Adoption of Large-Scale Farming

Tractors Built on Hydraulic Mechanism will Account for More than Half of Market Volumes; Utility Tractors to Represent Most Profitable Application

APEJ to Showcase Concentered Growth in Global Tractor Landscape; Driverless Tractors to Transform Market Dynamics

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