![[Market Report] Agricultural Tractor Market](https://image.mono.ipros.com/public/product/image/62b/2001226140/IPROS16944461232807778749.jpeg?w=280&h=280)
[Market Report] Agricultural Tractor Market
The global agricultural tractor market is expected to grow from 65.9 billion USD to 107.6 billion USD, with a CAGR of 5.6% from 2023 to 2032.
The global agricultural tractor market is expected to experience strong growth, increasing from $65.9 billion in 2023 to $107.6 billion by 2032. This growth corresponds to a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2024 to 2032. Market Dynamics Agricultural tractors are essential for various farming tasks such as plowing, tilling, planting, and cultivating. These vehicles provide the necessary power to efficiently manage and promote agricultural operations, enhancing farm productivity. Tractors are available in a range of outputs, from under 20 horsepower (HP) to over 60 HP, catering to diverse agricultural needs from horticulture to crop rotation. Rice is Japan's main agricultural crop, accounting for approximately 47% of agricultural production value. As the most mechanized crop among Japanese agricultural products, rice cultivation heavily relies on agricultural machinery, particularly tractors. For application methods, please check the [PDF download] button or apply directly through the related links.
- Company：Panorama Data Insights Ltd.
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