Global Tractor Implements Market Projected to Reach US$92.6 Billion by 2030
DUBLIN, July 18, 2023 /PRNewswire/ — The “Tractor Implements – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Tractor Implements estimated at US$68.5 Billion in the year 2022, is projected to reach a revised size of US$92.6 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2022-2030.
Tillage, one of the segments analyzed in the report, is projected to record 3% CAGR and reach US$30.6 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Irrigation & Crop Protection segment is readjusted to a revised 4.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $20.1 Billion, While China is Forecast to Grow at 3.6% CAGR
The Tractor Implements market in the U.S. is estimated at US$20.1 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$16.4 Billion by the year 2030 trailing a CAGR of 3.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 2.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
Select Competitors (Total 37 Featured) –
- Agco Corporation
- Alamo Group
- Claas KGaA Mbh
- CNH Industrial N.V.
- Deere & Company
- J C Bamford Excavators Ltd. (JCB)
- Kubota Corporation
- Kuhn Group
- Mahindra & Mahindra
- SDF Group
- Tractors and Farm Equipment Limited (TAFE)
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Tractor Implements – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/gal18g
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