Global Agricultural Tractor Market

Apr 2020| VMR2114A| Verified Market Research

Report Highlights

Agricultural Tractor Market Size And Forecast

According to Verified Market Research, Global Agricultural Tractor Market was valued at USD 52.60 Billion in 2018 and is projected to reach USD 81.32 Billion by 2026, growing at a CAGR of 5.57% from 2019 to 2026.

Global Agricultural Tractor Market Outlook

The growing demand for the production of the yield owing to population growth is the primary factor fueling the market growth. In addition, the increment in the wages of the laborers is another factor led to propel the growth of the market. Moreover, the introduction of government funding and providing farmers with lower interest rates contribute to imposing a positive outlook on the market. However, the issues related to the landholding fragmentation, and huge costs associated with the agricultural tractor are factors restricting the market growth. 

Global Agricultural Tractor Market Competitive Landscape 

The Global Agricultural Tractor Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Claas Group, Mahindra & Mahindra Ltd., Kubota Corporation, Tractors and Farm Equipment Limited, Deere & Company, CNH Industrial NV, Massey Ferguson Limited, Joseph Cyril Bamford Excavators Ltd, Iseki & Co. Ltd and Yanmar Co.

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