agriculture tractor market in apac region 2015-2019
TRANSCRIPT
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Agriculture Tractor Market in APAC Region 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Key Trends
Technavio’s Senior Analyst says, “Despite the challenges, the market is expected to grow in the future because of several emerging trends. The usage of agricultural tractors for non-farming purposes has increased in the past few years. Non-agricultural tractors currently hold 40-45% of the share in the tractor market. Advances in technology is another trend in the market that will fuel the growth of the agriculture tractor market in the region.”
• Tractors are used in farming and non-farming applications. Modern-day tractors are equipped with powerful engines to operate on rough terrains and in tough farming conditions. Tractors are available in a range of options to suit specific tasks and special requirements.
• The agriculture tractor market in the APAC is expected to grow at a CAGR of 5.11% during the forecast period.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Agriculture Tractor Market in APAC Region 2015-2019
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Vendors
To understand the vendor landscape and for a full list of vendors view our
report:
Agriculture Tractor Market in APAC Region 2015-2019
Deere and Company
Escorts Group
ISEKI Co. Ltd
Deere and Company, established in 1837, is headquartered in Illinois, US. The company along with its subsidiaries manufactures and distributes agriculture and turf, construction, and forestry equipment internationally.
Escorts was founded in 1944 and is headquartered in Haryana, India. It is a leading Indian engineering conglomerate that develops and manufactures agri-machinery, construction and material handling equipment, railway equipment, and auto components.
ISEKI is involved in the development, manufacture and sale of agricultural machinery primarily in Japan, and also internationally.ISEKI offers cultivating and moving machinery, planting machinery, harvesting and processing machinery, and parts and farming implements. Its product include tractors, zero-turn movers, front movers, riding movers, tillers, rice transplanters and combine harvesters.
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Market Landscape
• In terms of unit sales, India and China have established themselves as the largest markets for agriculture tractors and equipment.
• Farmers from these countries as well as from countries such as Japan, South Korea, Vietnam, Indonesia, Sri Lanka, and Pakistan have increased their demand for modernized tractors and technologically advanced farming equipment.
• Demand for tractors is expected to remain steady during the forecast period because of the expansion of the agriculture sector worldwide.
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Key Buying Criteria Guest Bloggers
• Authenticity • Delivery • Price• Service
Support
Parameters Details
Ease of installing farming equipment Gardening and farming equipment should be easy to install on tractors.
Choosing right tractor for requirements
There is a range of tractors available in the market. Hence, farmers should select tractors according to their requirements.
PerformanceTractors are typically required to run over rough terrain and pull heavy loads. Hence, they should perform better under tough conditions.
Versatility Tractors should be designed and manufactured to be versatile. This helps a tractor perform a wide range of tasks single-handedly.
Transmission and operation Tractors should facilitate smooth transmission.
Agriculture Tractor Market in APAC Region 2015-2019
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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