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According to Goldstein Research, global agricultural tractors market is expected to reach USD 69.3 billion by 2024 from USD 60.0 billion in 2016, growing at a CAGR of 1.8% over the forecast period 2016-2024. Growing Population and rising demand for f



According to Goldstein Research, global agricultural tractors market is expected to reach USD 69.3 billion by 2024 from USD 60.0 billion in 2016, growing at a CAGR of 1.8% over the forecast period 2016-2024. Growing Population and rising demand for food crops is expected to bolster the demand for agricultural equipment and tractors in coming years. Grain Production expected to remains stable at 2 billion tons which is likely to impact the sales of tractors for the third year in succession. Global agricultural tractors market segmentation has been done on the basis of power output type, drive type and geography. Further, compact tractors are gaining traction in agriculture field as well as in urban areas owing to their versatility to perform various tasks such as mowing, tilling gardens and cargo logistic in manufacturing industry.

Global agricultural tractors industry is largely dominated by Asia-Pacific and expected to continue its dominance over the forecast period owing to growing commercial farming activities in the region. Globally, China and India alone accounted for the more than 50% sales of tractors in 2015. Asia-Pacific region is followed by the North America with more than 3% increase in sales of agricultural tractors in year 2015.

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Market Segmentation

On the basis of our in-depth analysis, Global Agricultural Tractors Market can be segmented as follows:
By Power Output Type

o 200 hp

By Drive Type

o Two-wheel Drive
o Four-wheel Drive

Based on End-User

o Chocolate & Confectionary Industry
o Food and Beverage Industry
o Cosmetics Industry
By Region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Browse Full Report: https://www.goldsteinresearch.com/report/global-agricultural-tractors-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024
“Global Agricultural Tractors Market Outlook 2024” contains detailed overview of the global agricultural tractors market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by power output type and drive type.

Further, for the in-depth analysis, Global Agricultural Tractors Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as AGCO Corporation, Deere and Company, CNH Industrial, CLAAS, Daedong Industrial, Escorts Group, Kubota, Mahindra & Mahindra, McCormick International, SAME DEUTZ-FAHR Group, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global agricultural tractors market size along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our global market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on automotive industry reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
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News Release: According to Goldstein Research, global agricultural tractors market is expected to reach USD 69.3 billion by 2024 from USD 60.0 billion in 2016, growing at a CAGR of 1.8% over the forecast period 2016-2024. Growing Population and rising demand for f
Submitted on: June 12, 2018 08:10:22 AM
Submitted by: Steve blade
On behalf of: www.goldsteinresearch.com/report/global-agricultural-tractors-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024
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