The Tractor Implements Global Market Report 2023, provides comprehensive information on the tractor implements market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Tractor Implements Global Market Report 2023, the market size is expected to grow from $64.92 billion in 2022 to $70.27 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global tractor implements is expected to grow to $90.12 billion in 2027 at a CAGR of 6.4%.
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Technological advancements have emerged as the key trend gaining popularity in the tractor implements market. Major companies operating in the tractor implements sector are focused on developing new technological solutions to reinforce their position. For instance, in February 2022, Carbon Robotics, a US-based agricultural robotics startup, introduced the new self-driving LaserWeeder implement, which is a self-driving laser weeding robot that can be attached to a tractor through a three-point hitch. The prime advantage of the LaserWeeder implement includes cost-effective weed control for row crops.
The tractor implements market is segmented:
1) By Phase: Tillage, Irrigation And Crop Protection, Sowing And Planting, Harvesting And Threshing, Other Phases
2) By Power: Powered, Unpowered Implements
3) By Drive: 2-Wheel Drive, 4-Wheel Drive
Asia-Pacific was the largest region in the tractor implements market in 2022.
The table of contents in TBRC’s tractor implements market report includes:
Table Of Contents
1. Executive Summary
2. Tractor Implements Market Characteristics
3. Tractor Implements Market Trends And Strategies
4. Tractor Implements Market – Macro Economic Scenario
5. Tractor Implements Market Size And Growth.
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26. Africa Tractor Implements Market
27. Tractor Implements Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tractor Implements Market
29. Tractor Implements Market Future Outlook and Potential Analysis
30. Appendix
Top Major players:
CLAAS Group
Deere & Company
Kubota Corporation
Mahindra & Mahindra Limited
Tractors and Farm Equipment Limited
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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