Lewes, DE -- (SBWire) -- 03/09/2015 --Report forecast the Global Agricultural Tractor market to grow at a CAGR of 6.57 percent and 3.20 percent in terms of value and unit shipments, respectively, during the period 2014-2019.
Tractors are powerful vehicles designed to provide power and traction to enable them to perform various agricultural tasks such as ploughing, tilling, hauling, and planting. They help mechanize agricultural tasks, and are extensively used in farming and agriculture. They can be attached with variety of implements and help improve agricultural productivity. Modern tractors are much more advanced and are more powerful, versatile, reliable, and durable.
According to the lead analyst of this report, vendors are introducing various advanced features in their tractors to make them more effective and efficient, which is a key market trend expected to boost the sales.
According to the report, rise in global population that has increased consumption of food is a major driver in the market, which has resulted in high demand for agricultural products worldwide. Farmers are investing in agricultural machinery so as to keep in pace with increased demand for food and enhance overall productivity.
Further, the report states that correction in commodity prices is a major challenge that is affecting the market growth. It has resulted in a decrease in farm income and margins, thus affecting the purchasing power of farmers and restricting their ability to invest in agricultural tractors.
Global Agricultural Tractor Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, North America, South America, and Africa; it also covers the Global Agricultural Tractor 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 Regions
- Africa
- APAC
- Europe
- North America
- South America
Market Driver
- Rise in Global Population
- For a full, detailed list, view our report
Market Challenge
- Fall in Prices of Commodities
- For a full, detailed list, view our report
Market Trend
- Advances in Technology
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 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 77 pages and 41 exhibits, "Global Agricultural Tractor Market 2015-2019" report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Geography, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-agricultural-tractor-market-2015-2019
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