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Global Tractor Transmission System Market 2017-2021

Global Tractor Transmission System Market 2017-2021

About Tractor Transmission System

The transmission system helps in transmitting the power developed by the engine to the driving wheels. The transmission system is used for changing power and speed of wheels at various points of time by varying the ratio between revolutions per minute (RPM) of wheel and RPM of the engine to suit the driving conditions. It has multiple gear ratios with switches as the speed varies. The switching can be done automatically or manually.

Technavio’s analysts forecast the global tractor transmission system market to grow at a CAGR of 3.06% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global tractor transmission system market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Tractor Transmission System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • John Deere
  • Massey Ferguson
  • Mahindra Tractors
  • Escorts Group
Other prominent vendors
  • New Holland
  • KUBOTA Corporation
  • Tractors and Farm Equipment (TAFE)
Market driver
  • Growing focus on agricultural sector by governments and private players
  • For a full, detailed list, view our report
Market challenge
  • Highly volatile and cyclical demand for tractors
  • For a full, detailed list, view our report
Market trend
  • Increase in demand of continuous variable transmission tractors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Tractor Transmission System Market 2017-2021

Technavio recognizes the following companies as the key players in the global tractor transmission system market: John Deere, Massey Ferguson, Mahindra Tractors, and Escorts Group.

Other Prominent Vendors in the market are: New Holland, KUBOTA Corporation, and Tractors and Farm Equipment (TAFE).

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in demand of continuous variable transmission tractors. There has been an increase in the demand for the continuous variable transmission (CVT) tractors across all regions. Unlike manual transmission, CVT does not have gear shift. CVT technology uses pulleys, which are connected through a belt. These pulleys have the capability to change their sizes, and thus, provide a change in the gearing.”

According to the report, one driver in the market is growing focus on agricultural sector by governments and private players. Increasing global population and advancements made in the field of modern farming techniques are driving the global agriculture industry. Economies are increasingly focusing on developing their agricultural output by increasing the farm productivity. Additionally, the governments of various economies have been taking various initiatives for encouraging farmers to use modern techniques of farming and increase their productivity. For instance, the Indian government has eliminated the excise duty on low-powered tractors for encouraging farmers to purchase the same.

Further, the report states that one challenge in the market is highly volatile and cyclical demand for tractors. The demand for tractors has been cyclical and has observed a lot of ups and downs since it is dependent on many factors. The important factors affecting this market are the availability of finance, crop patterns, and forecast of rain. According to historical data, the tractor sales volume witness marginal decline after growing for a certain period, mainly reflecting cyclical corrections. The demand for tractors is also dependent on the availability of the credit facilities. Easy credit facilities and lower interest rates lead to more demand for tractors.

Companies Mentioned

John Deere, Massey Ferguson, Mahindra Tractors, Escorts Group, New Holland, KUBOTA Corporation, and Tractors and Farm Equipment (TAFE).

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Block diagram of transmission system of a tractor
      • Table Components of tractor transmission system
  • Market landscape
    • Market overview
      • Table Segmentation of global tractor transmission system market
    • Market size and forecast
      • Table Global tractor transmission system market 2016-2021 (thousands of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by wheel drive
    • Global tractor transmission system market segmentation by wheel drive
      • Table Global tractor transmission system market segmentation by wheel drive 2016 and2021
    • Global all-wheel-drive tractor market
      • Table Global all-wheel-drive tractor market 2016-2021 (thousand units)
      • Table Global all-wheel-drive tractor market by region 2016-2021 (thousands of units)
    • Global two-wheel drive tractor market
      • Table Global two-wheel drive tractor market 2016-2021 (thousands of units)
      • Table Global two-wheel drive tractor market by region 2016-2021 (thousands of units)
  • Geographical segmentation
    • Global tractor transmission system market segmentation by geography
      • Table Global tractor transmission system market by geography 2016 and 2021
      • Table Revenue earned from the sales of new tractors by geography 2016
    • Tractor transmission system market in APAC
      • Table Tractor transmission system market in APAC 2016-2021 (thousands of units)
      • Table Revenue earned from the sales of tractors in APAC 2016-2021 ($ billions)
    • Tractor transmission system market in EMEA
      • Table Tractor transmission system market in EMEA 2016-2021 (thousands of units)
      • Table Revenue earned from the sales of tractors in EMEA 2016-2021 ($ billions)
    • Tractor transmission system market in Americas
      • Table Tractor transmission system market in Americas 2016-2021 (thousands of units)
      • Table Revenue earned from the sales of tractors in Americas 2016-2021 ($ billions)
  • Key leading countries
    • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Average cost of renting tractor in the US-based on engine size
  • Market trends
    • Table Key market trends
    • Increase in demand of continuous variable transmission tractors
    • Increase in unification of distributed fragmented land in Europe and Americas
    • Adoption of advanced automotive powertrain technologies
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • John Deere
      • Table John Deere: Business segmentation
      • Table John Deere: Recent developments
    • Massey Ferguson
      • Table Massey Ferguson: Product portfolio
      • Table Massey Ferguson: Recent developments
    • Mahindra Tractors
      • Table Mahindra Tractors: Recent developments
    • Escorts Group
      • Table Escorts Group: Business segmentation
      • Table Escorts Group: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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