The Farm Tractors Market research study stipulates a clear overview of the current market including the past and the projected future of market size concerning volume, technological advances, and economic elements in the market industry.
Los Angeles, CA -- (SBWIRE) -- 12/21/2018 -- This report studies the global Farm Tractors market status and forecast, categorizes the global Farm Tractors market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Farm tractor is an engineering vehicle specifically designed to deliver at a high tractive effort (or torque) at slow speeds, for the purposes of hauling a trailer or machinery used in agriculture or construction. Most commonly, the term is used to describe a farm vehicle that provides the power and traction to mechanize agricultural tasks, especially (and originally) tillage, but nowadays a great variety of tasks. Agricultural implements may be towed behind or mounted on the tractor, and the tractor may also provide a source of power if the implement is mechanized.
The EMEA farm tractor industry concentration is relatively high; there are many players in the Europe, and high-end products mainly from US, Germany and Italy etc.
The top 3 players, i.e. CNH Industrial, Deere, AGCO Corporation take a revenue market share of about half of the total EMEA market.
For East Europe market, MTZ (Minsk) is the biggest player, she mainly export her products to Russia and other east Europe market, she puts much effort in the whole east Europe market.
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As for Middle East market, ITMCO is a big native brand that from Iran, she cooperate with Massey Ferguson, a brand from AGCO to expand her capacity, she also has relationship with Mahindra and China YTO, to improve product quality.
Many companies have several plants, usually located in the place close to aimed consumption region. MTZ (Minsk) starts a new plant plan in Nigeria in Y2018.
The global Farm Tractors market is valued at xx million US$ in 2017 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2018-2025.
The major manufacturers covered in this report
CNH Industrial
Deere
AGCO Corporation
Same Deutz-Fahr
Claas
Kubota
Agri Argo
JCB
ITMCO
MTZ (Minsk)
Mahindra
China YTO
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Wheel Tractor
Crawler Tractor
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Harvesting
Haying
Planting & Fertilizing
Plowing & Cultivating
Spraying & Others
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