Farm Tractors Market Worth 65.57 Billion USD by 2022

Jun 15, 2017 - (Newswire)


The report "Farm Tractor Market by (Power Output (30, 31-100, 101-200, >200hp), Drive Type (2WD, 4WD, & Autonomous Tractor), Combines Market (Corn, Rice, Wheat, Soybean), Implements Market (Harvest, Hay, Plant & Fertilize, Plow & Cultivate, Spray) - Forecast to 2022", published by MarketsandMarkets™, the Farm Tractors Market is projected to reach a market size of USD 65.57 Billion by 2022, at a CAGR of 5.24% during the forecast period & Agricultural Equipment Market is projected to grow at a CAGR of 5.31% during the forecast period, to reach a market size of USD 139.41 Billion by 2022.

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Browse 78 market data tables and 62 figures spread through 194 pages and in-depth TOC on "Farm Tractor Market"


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Factors such as increasing demand for food and food products, rising mechanization trend in agriculture, shortage of skilled labor and increasing labor cost, government subsidies, and growing need for operational efficiency and profitability are the key drivers for the agricultural equipment market.

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31-100 hp farm tractors segment is estimated to hold the largest market share during the forecast period

China, India, and the U.S. are the top countries in terms of farm tractor sales. According to Agrievolution Tractors Market Report, 30-50 hp farm tractors accounted for ~80% of the global Farm Tractors Market in 2015. Based on a publication by the Association of Equipment Manufacturers (AEM), the U.S. and Canada had approximately 56.3% market of

Original Source: https://www.newswire.com/news/farm-tractors-market-worth-65-57-billion-usd-by-2022

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