About Agriculture Tractor
Tractors are conventionally used on farms to mechanise agricultural tasks. Modern day tractors are used for activities such as cultivating, ploughing, and planting fields; in addition to non-agricultural activities such as lawn care, landscaping, and clearing undergrowth. They are available in wide range of options to suit specific tasks and special requirements. They are also equipped with powerful engines so that they can run over rough and uneven terrain, and pull heavy loads, which makes them ideal for tough farming and landscaping tasks. Power shift transmission and hydrostatic transmission are some of the features that simplify the operations of a tractor. Tractors also have the option of power steering.
TechNavio's analysts forecast the Agricultural Tractor market in the APAC region to grow at a CAGR of 5.11 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Agricultural Tractor market in the APAC region during the period 2015-2019. It considers 2014 as the base year and provides data for the 12 trailing months. To calculate the market size, it considers unit sales of tractors by OEMs only in the APAC region. It also presents the vendor landscape and a corresponding detailed analysis of the five key vendors in the APAC region. It lists the major vendors in the Agricultural Tractor market, provides their share, and also discusses the major drivers that influence the growth of the market in the APAC region. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
TechNavio's report, Agriculture Tractor Market in APAC Region 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region; it also covers the market landscape of the Agriculture Tractor market in the APAC Region and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Agriculture Tractor Market in the APAC 2015-2019
Technavio recognizes the following companies as the key players in the Agriculture Tractor Market in the APAC 2015-2019: Deere and Company, Escorts Group, ISEKI Co. Ltd., Mahindra & Mahindra Ltd. Amd Tractors and Farm Equipment Ltd. (Tafe).
Other Prominent Vendors in the market are: ACE Tractors, AGCO, Captain Tractors Farmer Tractor, Force Motor, Foton Lovol International Heavy Industry, HMT Tractors, Indo Farm Equipment Kubota Tractor, MARS, New Holland Fiat India, Preet, Same Deutz - Fahr India, SAS Motors, Sonalika and YTO
Commenting on the report, an analyst from Technavio’s team said: “The usage of agricultural tractors for non-farming purposes has increased in the past few years. Non-agricultural tractors currently hold 40-45% of the share in the tractor market.”
According to the report, modernization of agricultural activities is one of the major drivers of the agriculture tractor market in the APAC. Mechanization of the agricultural sector increases the speed and precision of farming activities and helps to standardize agricultural activities.
Further, the report states that challenges such as intense competition among tractor manufacturers are hindering the market growth.
Deere and Company, Escorts Group, ISEKI Co. Ltd., Mahindra & Mahindra Ltd. Amd Tractors, Farm Equipment Ltd. (Tafe), ACE Tractors, AGCO, Captain Tractors Farmer Tractor, Force Motor, Foton Lovol International Heavy Industry, HMT Tractors, Indo Farm Equipment Kubota Tractor, MARS, New Holland Fiat India, Preet, Same Deutz - Fahr India, SAS Motors, Sonalika, YTO
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook