Global Tractor Implements Market Projected to Reach US$92.6 Billion by 2030

DUBLIN, July 18, 2023 /PRNewswire/ -- The "Tractor Implements - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Tractor Implements estimated at US$68.5 Billion in the year 2022, is projected to reach a revised size of US$92.6 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2022-2030.

Tillage, one of the segments analyzed in the report, is projected to record 3% CAGR and reach US$30.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Irrigation & Crop Protection segment is readjusted to a revised 4.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $20.1 Billion, While China is Forecast to Grow at 3.6% CAGR

The Tractor Implements market in the U.S. is estimated at US$20.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$16.4 Billion by the year 2030 trailing a CAGR of 3.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 2.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Select Competitors (Total 37 Featured) -

• Actuant
• Agco Corporation
• Alamo Group
• Claas KGaA Mbh
• CNH Industrial N.V.
• Deere & Company
• J C Bamford Excavators Ltd. (JCB)
• Kubota Corporation
• Kuhn Group
• Mahindra & Mahindra
• SDF Group
• Tractors and Farm Equipment Limited (TAFE)

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Tractor Implements - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/gal18g

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SOURCE Research and Markets