NEW YORK, May 13, 2021 /PRNewswire/ --
Technavio has been monitoring the agricultural tractor market and it is poised to grow by 147.94 thousand units during 2021-2025, progressing at a CAGR of almost 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have at par impact on the agricultural tractor market.
Frequently Asked Questions:
- Based on segmentation by engine capacity, which is the leading segment in the market?
The low power segment will lead the engine capacity segment of the agricultural tractor market
- What are the major factors influencing the market growth?
The introduction of driverless agricultural tractors and the launch of these tractors with improved features will influence the market growth positively during the forecast period.
- At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 2% during the forecast period.
- What is the YOY in 2021?
The YOY in 2021 is estimated at 1.10%.
- How big is the APAC market?
74% of the growth will originate from APAC.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. AGCO Corp., CLAAS KGaA mbH, CNH Industrial NV, Deere & Co., Escorts Ltd., J C Bamford Excavators Ltd., Kubota Corp., Mahindra & Mahindra Ltd., Tractors and Farm Equipment Ltd., and Yanmar Holdings Co. Ltd. are some of the major market participants. The investments in research and development activities and government subsidies to promote the agricultural sector will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this agricultural tractor market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Agricultural Tractor Market 2021-2025: Segmentation
Agricultural Tractor Market is segmented as below:
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40891
Agricultural Tractor Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The agricultural tractor market report covers the following areas:
- Agricultural Tractor Market Size
- Agricultural Tractor Market Trends
- Agricultural Tractor Market Industry Analysis
This study identifies the introduction of driverless agricultural tractors as one of the prime reasons driving the agricultural tractor market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Agricultural Tractor Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist agricultural tractor market growth during the next five years
- Estimation of the agricultural tractor market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the agricultural tractor market across APAC, Europe, North America, MEA, and South America
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of agricultural tractor market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- All-wheel drive
- Two-wheel drive
Market Segmentation by Engine Capacity
- Market segments
- Comparison by Engine Capacity
- Low power - Market size and forecast 2020-2025 ($ millions)
- Mid power - Market size and forecast 2020-2025 ($ millions)
- High power - Market size and forecast 2020-2025 ($ millions)
- Market opportunity by Engine Capacity
- Customer landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- AGCO Corp.
- CLAAS KGaA mbH
- CNH Industrial NV
- Deere & Co.
- Escorts Ltd.
- J C Bamford Excavators Ltd.
- Kubota Corp.
- Mahindra & Mahindra Ltd.
- Tractors and Farm Equipment Ltd.
- Yanmar Holdings Co. Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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