Lewes, DE -- (SBWire) -- 02/09/2017 --Report forecast the global walking tractor market to grow at a CAGR of 8.33% during the period 2017-2021.
Walking tractor, commonly known as the two-wheel tractor is controlled by an operator and is self-powered in nature. The walking tractor can work with different attachments like cultivator, trailer, and a plough. The walking tractor is mainly used for horticultural, industrial landscaping, small-scale farming, and gardening. It is also called single axle walking type tractor, walk-behind tractor or power tiller. However, the riding seat is available in certain models of walking tractor.
The report covers the present scenario and the growth prospects of the global walking tractor market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of the walking tractor across various geographies.
The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW
According to the report, one driver in market is walking tractor as a versatile tool. The walking tractor has emerged as one of the versatile garden tools for large plots. The manufacturers built walking tractors with a variety of attachments, making it possible to use as a gardening tool. The small gardens with 5,000 sq. ft. or less can be managed by hand tools. However, the larger gardens require some mechanical aid. The gardening equipment manufacturers offer a variety of standalone products such as garden tillers, mowers, and chippers-shredders. These machines have their own engines which increase the cost and maintenance work. Also, most of the consumer grade equipment are useful till their warranty period and then the user has to invest in the equipment for servicing.
Further, the report states that one challenge in market is lack of educated workforce in agricultural sector. One of the major challenges faced by the market is the lack of new workforce in the agricultural sector. The younger generation is reticent to enter the agricultural sector. The lack of infrastructure in rural areas and the instability of earnings are forcing the youth to adopt professions other than farming and agriculture-related jobs. The scarcity of educated talent in the agriculture sector leads to lack of knowledge on technically advanced products in the market. For example, according to the Census of India 2011, there are nearly 15 million farmers fewer than there were in 1991 and over 7.7 million less since 2001. Hence, for the last 20 years, on an average, about 2,035 farmers are losing 'Main Cultivator' status every single day. In addition, there have been many cases of suicide recorded in India. In 2015, there were 3,228 farmer suicides. The main reasons for the suicide were drought, farmers unable to pay loans, and policies taken by government which was not in favor of the farmers among others. A decline in the number of farmers can directly affect the demand for agriculture machinery in India.
Global Walking Tractor 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 players in the global walking tractor market: BCS America, Deere & Company, and Grillo.
Other Prominent Vendors in the market are: CLAAS Jinyee Agricultural Machinery (Shandong), Kranti Agro, Mahindra and Mahindra, Kubota Agricultural Machinery, Shandong Changlin Machinery Group, and V.S.T Tillers Tractors.
Market driver
- Increasing farm mechanization in developing countries.
- For a full, detailed list, view our report
Market challenge
- Lack of educated workforce in agricultural sector.
- For a full, detailed list, view our report
Market trend
- Emergence of electric powered walking tractor.
- 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?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 63 pages and 28 Exhibits "Global Walking Tractor Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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