Europe Agriculture Tractors Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the agriculture tractor market in Europe to grow at a CAGR of 1.08 % during the period 2017-2021 .
According to the report , one of the major drivers for this market is rise in demand for food . The population in Europe is increasing at a fast rate . For instance , the population in the UK is increasing more compared with other countries in Europe , owing to the increase caused by immigration .
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Further , the report states that one of the major factors hindering the growth of this market is lower commodity price . A decline in the price of agricultural commodities such as wheat and maize has lowered the spending power of farmers , which makes it less affordable for them to buy agricultural machinery .
About Agriculture Tractors
An agriculture tractor is a vehicle specialized in pulling farm implements and helping in a better yield of agriculture output .
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Covered in this report
The report covers the present scenario and the growth prospects of the agriculture tractor market in Europe for 2017-2021 . To calculate the market size , the report considers the unit shipments and the revenue generated from the sale of agriculture tractors in Europe .
Agriculture Tractor Market in Europe 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts . The report covers the market landscape and its growth prospects over the coming years . The report also includes a discussion of the key vendors operating in this market .
Key vendors AGCO ARGO TRACTORS