Market Research Report
Orchard Type Tractors - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||928524|
|Published||Content info||167 Pages
Delivery time: 2-3 business days
|Orchard Type Tractors - Global Market Outlook (2018-2027)|
|Published: February 20, 2020||Content info: 167 Pages||
According to Stratistics MRC, the Global Orchard Type Tractors Market accounted for a CAGR of 6.5% during the forecast period. Increasing rates of farm mechanization, rising trend of home-grown fruits, and technological innovation are the factors driving the market growth. However, regular service requirements may hinder the market growth.
The orchard type tractor is a tractor that is used in vineries and orchards. These are built to navigate and maneuver in small areas or fields. The dimension of the orchard tractor is comparatively small, as it has to perform its main activities in vineyards and orchards. The tires of the orchard tractor are covered or protected with a shield or an extra covering to guard them from getting punctured by the thorns of citrus trees in orchards.
By type, wheeled tractors segment is expected to expand at the highest growth during the forecast period owing to its higher level of tractive efficiency over a broad range of soil conditions. Based on geography, North America is going to have a lucrative growth during the forecast period due to the rise in technological advancements coupled with the decline in farm labor shrinkage. The continuous rise in farm labor wages due to labor shortage, especially in fruits and vegetable plantation has had a positive impact on the demand for tractors in this region, as farmers are increasingly adopting agricultural mechanization as a substitute for manual labor.
Some of the key players profiled in the Orchard Type Tractors Market include Mahindra & Mahindra Ltd, Deere & Company, Tractor and Farm Equipment Limited, Kubota Group, CNH Industrial N.V., Caterpillar, Fendt, Claas Tractor, Farmtrac Tractor Europe, AGCO Tractor, Belarus Tractor, Deutz-Fahr, Kioti Tractor, Escorts, Massey Ferguson Tractor, Daedong, and McCormick Tractors.