The Agricultural Tractors Global Market Report 2023, provides comprehensive information on the agricultural tractors market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Agricultural Tractors Global Market Report 2023, the global agricultural tractors market size is expected to grow from $70.97 billion in 2022 to $74.71 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global agricultural tractors market size is expected to grow to $90.15 billion in 2027 at a CAGR of 4.8%.
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Technological advancements are a key trend gaining popularity in the agricultural tractors market. Major companies operating in the agricultural tractors market are developing innovative technologies to strengthen their position in the market. For instance, in December 2020, Monarch Tractors, a US-based developer of electric, automated, and smart tractors, launched the 634 Monarch Tractor, an innovative electric and smart tractor that offers enhanced data collection and autonomous operation. This tractor is a hydraulically equipped, and a fully functional compact tractor that can use any implement that is made for a compact tractor. The technology involved consists of a variety of safety sensors and cameras that function both with and without the driver in 'driver optional' mode. This increases the machine's safety under various circumstances.
The agricultural tractors market is segmented:
1) By Type: Orchard Tractors, Row-Crop Tractors, Other Tractors
2) By Propulsion: ICE, Electric and Hybrid
3) By Operation Type: Manual, Autonomous
4) By Engine Power Type: Less than 40 HP, 41 to 100 HP, More than 100 HP
Asia-Pacific was the largest region in the agricultural tractors market in 2022.
The table of contents in TBRC’s agricultural tractors market report includes:
1. Executive Summary
2. Agricultural Tractors Market Characteristics
3. Agricultural Tractors Market Trends And Strategies
4. Agricultural Tractors Market - Macro Economic Scenario
5. Agricultural Tractors Market Size And Growth
.....
26. Africa Agricultural Tractors Market
27. Agricultural Tractors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Agricultural Tractors Market
29. Agricultural Tractors Market Future Outlook and Potential Analysis
30. Appendix
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