Key players in the gardening and horticulture tractor market are John Deere – Delaware Company, Mahindra & Mahindra Limited, AGCO Corporation, Farmtrac Tractor Europe Sp. z o. o. Kubota Tractor Corp.
NEW YORK, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the Global Tractor and Garden Machinery Market Report 2023 - https://www.reportlinker.com/p06479905/?utm_source=GNW
McCormick Tractor International Ltd. , Case IH, Deutz-Fahr GmbH, CLAAS Group, Daedong Corporation, Minsk Tractor Works (MTW), Tractor and Farm Equipment Limited. Massey Ferguson, Sonalika International and Escort Group.
The global lawn and garden tractor market is projected to grow from USD 4.07 billion in 2022 to USD 4.24 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russian-Ukrainian war has hurt the global economy's chances of recovering from the COVID-19 pandemic, at least in the short term. The war between these two countries has resulted in economic sanctions against many countries, increased commodity prices and supply chain disruptions, inflation in goods and services, and impacts on many markets around the world. The market for lawn and garden tractors is expected to reach $4.85 billion in 2027 and will grow at a compound annual growth rate of 3.4%.
The lawn and garden tractor market includes lawn tractors, two-wheel mowers, and single-wheel tractors. The values in this market are "factory gate" values, meaning the value of goods sold by manufacturers or designers. Goods to other companies (including manufacturers, wholesalers, distributors and retailers) or directly to end customers.
In this market, the value of the goods includes the corresponding services sold by the producers of the goods.
Orchard and garden tractors are small compact tractors specially designed for use in gardens, orchards, vineyards and other small farms. These tractors are often equipped with specialized attachments and attachments that allow them to perform tasks such as mowing, paving, digging and hauling.
North America was the largest region in the Lawn & Garden Tractor Market in 2022. Asia Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in the Garden Tractors report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of garden and garden tractors are wheeled and tracked. A wheeled tractor refers to a type of agricultural machine designed for high traction at low speed for pulling and pushing plows, cultivators, and various farm implements. Seed training for agriculture, general horticulture, mountain areas and small farms.
They are used in a variety of applications, including horticulture and residential yard use, professional landscaping services, and more.
The need to increase crop yields is expected to drive the future growth of the lawn and garden tractor market. Productivity refers to the amount of agricultural product or crop harvested from a given piece of land in a given period of time.
Lawn and garden tractors are used in agricultural production to facilitate farm work such as planting, harvesting and transporting heavy loads. For example, according to Statistics Canada, a Canada-based government agency, Canadian wheat production is expected to grow by 55.6% annually in September 2022, reaching 34.7 million tonnes in 2022 yields. It grew 42.1% in 51.3 bushels per acre. Moreover, according to the Central Statistics Office of Ireland, a government agency based in Ireland, potato yields fell from 33.8 tonnes to 45.6 tonnes per hectare in April 2022. Therefore, the need to increase productivity is driving the growth of the tractor market of garden and horticulture.
Product innovation is a key trend that is growing in popularity in the lawn and garden tractor market. Companies operating in the horticulture and horticulture tractor market develop innovative products to maintain their position in the market.
For example, Solectrac Electric Tractor, a US-based manufacturer of electric tractors, launched its latest 70 horsepower, 60 kWh electric tractors in August 2021. The e70 electric tractor is equipped with replaceable battery technology.
This narrow electric 4WD tractor is designed for essential agricultural activities such as farms, orchards and vineyards. Thanks to its 60 kWh battery, the e70N can run for up to eight hours on a single charge.
In March 2021, Keestrack Group, a Belgian manufacturer of mobile fracturing and filtration equipment, acquired Goldoni SpA for an undisclosed sum. With this acquisition, the Keestrack Group can expand into the agricultural sector. It strives to introduce more new customers, innovative tractors, cultivators and transformative vehicles. Glodoni SpA is an Italian company specializing in the production of specialized tractors best suited for vineyards, orchards and more.
The countries covered in the Garden and Orchard Tractors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, South Korea, United Kingdom and United States.
Market value is defined as the revenue that companies earn from the sale of goods and/or services in a given market and region in currency through sales, grants or donations (in US dollars unless otherwise noted).
Geography-specific revenues are consumption values, that is, revenues generated by companies within a market in a specific geographic region, regardless of where they are produced. It does not include revenue from resale throughout the supply chain, either through the supply chain or as part of other products.
The Garden & Garden Tractors market research report provides statistics on the Garden & Garden Tractors market including global Garden & Garden Tractors market size, regional shares, garden competitors, Garden & Garden Tractors market shares, detailed segments of Garden & Garden Tractors market and market trends and opportunities and all the other information you may need on the development in the garden and orchard tractors industry. Garden and Horticulture Tractors Market Research Report provides you with a comprehensive overview of everything you need with in-depth analysis of current and future scenarios of the industry.
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