Global Farm Tractors Market Growth 2019-2024

Farm tractor is an engineering vehicle specifically designed to deliver at a high tractive effort (or torque) at slow speeds, for the purposes of hauling a trailer or machinery used in agriculture or construction. Most commonly, the term is used to describe a farm vehicle that provides the power and traction to mechanize agricultural tasks, especially (and originally) tillage, but nowadays a great variety of tasks. Agricultural implements may be towed behind or mounted on the tractor, and the tractor may also provide a source of power if the implement is mechanized.
The EMEA farm tractor industry concentration is relatively high; there are many players in the Europe, and high-end products mainly from US, Germany and Italy etc.
The top 3 players, i.e. CNH Industrial, Deere, AGCO Corporation take a revenue market share of about half of the total EMEA market.
For East Europe market, MTZ (Minsk) is the biggest player, she mainly export her products to Russia and other east Europe market, she puts much effort in the whole east Europe market.
As for Middle East market, ITMCO is a big native brand that from Iran, she cooperate with Massey Ferguson, a brand from AGCO to expand her capacity, she also has relationship with Mahindra and China YTO, to improve product quality.
Many companies have several plants, usually located in the place close to aimed consumption region. MTZ (Minsk) starts a new plant plan in Nigeria in Y2018.

According to this study, over the next five years the Farm Tractors market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Farm Tractors business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Farm Tractors market by product type, application, key manufacturers and key regions and countries.

This study considers the Farm Tractors value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Wheel Tractor
Crawler Tractor
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Harvesting
Haying
Planting & Fertilizing
Plowing & Cultivating
Spraying & Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
CNH Industrial
Deere
AGCO Corporation
Same Deutz-Fahr
Claas
Kubota
Agri Argo
JCB
ITMCO
MTZ (Minsk)
Mahindra
China YTO

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Farm Tractors consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Farm Tractors market by identifying its various subsegments.
Focuses on the key global Farm Tractors manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Farm Tractors with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Farm Tractors submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.