Global Four-Wheel Drive Tractor Market Outlook, Opportunities And Strategies
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 size is expected to grow from $15.72 billion in 2021 to $16.76 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The global four-wheel drive tractors market size is expected to grow to $19.41 billion in 2026 at a CAGR of 3.7%.
The increase in mechanization in the agriculture industry is contributing to the growth of the four-wheel-drive tractors market.
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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, great 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 2021.
Key companies operating in the market are focusing on manufacturing smart four-wheel drive tractors, which is 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, and Massey Ferguson Limited.
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 (2016-21) and ten years forecast (2022-2026-2031)
The Four-Wheel Drive Tractor Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 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.
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