Global Four-Wheel Drive Tractor Market Size, Forecasts, And Opportunities
Learn about the global four-wheel drive tractor market through The Business Research Company, which provides information on four-wheel drive tractor market size, four-wheel drive tractor market drivers and restraints, four-wheel drive tractor market players, the COVID-19 impact on the four-wheel drive tractor market, and more.
The global four-wheel drive tractor market expected to grow from $14.45 billion in 2020 to $15.61 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The four-wheel drive tractor market is expected to reach $19.25 billion in 2025 at a CAGR of 5.4%.
The increase in mechanization in the agriculture industry is contributing to the growth of the four-wheel drive tractors market. Four-wheel drive tractors provide better traction, more pulling power, fuel-efficient, longer service intervals, and distribute power to all wheels depending on the requirement.
Request A Sample For The Global Four-Wheel Drive Tractor Market Report:
The four-wheel drive tractor market consists of sales of four-wheel drive tractors by entities (organizations, sole traders, and partnerships) that manufacture four-wheel drive tractors for agricultural purposes. A four-wheel drive tractor consists of a four-wheel drive axle that can distribute power to all its wheels simultaneously. It helps in providing less slippage and greater traction with better performance.
Global four-wheel drive tractor market segments include:
By Power Output: Less than 40 HP, 40 HP to 100 HP, 100 HP to 200 HP, Above 200 HP
By Propulsion System: Diesel, Hybrid Electric, Electric
By Operation: Manual, Autonomous
By End-Use: Farm, Construction And Mining, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the four-wheel drive tractor market in 2020.
Key companies operating in the market are focusing on manufacturing smart four-wheel drive tractors, which have been gaining significant popularity in recent years. Smart tractors are used to reduce emissions and provide more sustainable data and work efficiently.
TBRC’s four-wheel drive tractor market report covers:
Major Market Players: AGCO Corporation, Deere & Company, Escorts Limited, Komatsu Corp., Mahindra & Mahindra Ltd., SAME DEUTZ-FAHR Italia S.p.A., Kubota Corporation, Deutz-Fahr, Caterpillar, Massey Ferguson Limited, SDF Group, New Holland, and Case IH.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Four-Wheel Drive Tractor Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides four-wheel drive tractor market overviews, analyzes and forecasts market size, share, four-wheel drive tractor market players, four-wheel drive tractor market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s four-wheel drive tractor market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here is a list of similar reports from The Business Research Company:
Interested to know more about The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Check out our Blog: https://blog.tbrc.info/
Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model