Market Research Report
All Wheel Drive (AWD) Tractor
|All Wheel Drive (AWD) Tractor|
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 184 Pages
Delivery time: 1-2 business days
Global All Wheel Drive (AWD) Tractor Market to Reach 365.1 Thousand Units by 2027
Amid the COVID-19 crisis, the global market for All Wheel Drive (AWD) Tractor estimated at 279.7 Thousand Units in the year 2020, is projected to reach a revised size of 365.1 Thousand Units by 2027, growing at aCAGR of 3.9% over the period 2020-2027. High-Powered Engines, one of the segments analyzed in the report, is projected to record 3.3% CAGR and reach 142.9 Thousand Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Low-Powered Engines segment is readjusted to a revised 4.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at 80.7 Thousand Units, While China is Forecast to Grow at 6.4% CAGR
The All Wheel Drive (AWD) Tractor market in the U.S. is estimated at 80.7 Thousand Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 63.5 Thousand Units by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.
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