Farm Tractor Market Growth Trends Indicate Rising Demand for High-Power and Multi-Function Tractors
The global Farm Tractor Market Growth is experiencing significant growth, with projections indicating an increase from USD 73.67 billion in 2023 to approximately USD 104.35 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.1% during the forecast period.
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Farm Tractor Market Definition and Scope
Farm tractors are essential vehicles in agriculture, designed to perform a variety of tasks such as plowing, tilling, sowing, and harvesting. They are categorized based on horsepower into compact, utility, and high-horsepower tractors, each serving specific farming needs. The market encompasses the production, distribution, and sales of these tractors worldwide.
