Global Tractor Engines Market Grow at a CAGR of 6.68 % during 2017-2021
Market Research Hub( MRH) has recently announced the addition of a fresh report, titled“ Global Tractor Engines Market 2017-2021” to its report offerings. Technavio ' s report, Global Tractor Engines Market 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.
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The growth of the agricultural sector has a direct impact on the tractor engine market as tractors are required for cultivation purposes. The majority of the growth in the tractor engine market is likely to come from APAC, constituting about 71 % of the global tractor engine sales in 2016. India and China are the main contributors to the global tractor engine market. The two biggest regions responsible for the overall market volume of tractor engines have fairly similar market characteristics.
Technavios analysts forecast the global tractor engines market to grow at a CAGR of 6.68 % during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global tractor engines market for 2017-2021. To calculate the market size, the report considers the number of tractors sold.