Global Farm Tractors
Global demand for farm tractors is projected to expand 4.0% per year, rebounding from the weak 2014-2019 performance. The expansion of the agricultural tractor market will be aided by crop production gains; increasing farm incomes; increasing sales of newly-developed, state-of-the-art tractors; and additional foreign investment in the agricultural sector of many developing nations. Commercial demand for numerous agricultural commodities is also expected to increase as market conditions improve in the global food and beverage processing industries and restrictions on restaurants, stores, and resorts are lifted. In the near term, the global COVID-19 pandemic will produce weakness in the farm tractors market as it creates economic uncertainty and disrupts the international trade in agricultural commodities. It will also hurt crop prices.
Among the types of farm tractors covered in this study are:
Wheeled Tractors
Crawler Tractors
Pedestrian Controlled
Agricultural Equipment data is provided for 20 nations in the following regions:
North America
Central & South America
Western Europe
Eastern Europe
Asia/Pacific
Africa/Mideast
Scope of the Report
This report covers the scope, size, and growth of the global farm market, including demand by product type. Historical figures are provided for 2009, 2014, and 2019 with forecasts for 2024 and 2029. Demand and demand by product type presented in millions of dollars. Historical farm tractor demand is also provided for all countries.
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