News on market Power-Shift Tractor Market | Page 2

demand for food due to rise in population, water scarcity, inadequacy of agricultural land and
deterioration of soil fertility. Also, other factors such as modernization in agricultural methods and
techniques coupled with modernization of vehicles, limited labour and shifting patterns in wages is
likely to drive the growth of power-shift tractor industry.
Product segmentation for power-shift tractor industry includes semi-power shift and full-power shift.
Based on segmentation by end-use/application, the power shift tractor industry includes pasture,
farmland and forest. Segmentation based on drive system for power-shift tractor market includes
2WD, autonomous tractor and 4WD.
Geographical segmentation for power-shift tractor industry includes North America, South America,
Europe, Asia-Pacific, Middle-East and Africa. APAC market is expected to gain a significant growth in
the forthcoming period due to modernization of agriculture vehicles. Also, other factors such as
improved quality of crops, cost efficiency and enhancement of crop production thus trigger the
demand for power-shift tractor in the market.
Europe market is anticipated to grow at a higher CAGR due to agricultural innovations and
technological progress in agricultural vehicles. North America is expected to follow the trend. MEA
market is anticipated to rise at a significant CAGR in the forthcoming period due to the changing
scenario in agriculture and farming techniques. The key players in the power-shift tractor market
include John Deere, LINDNER, CLAAS KGaA, Kubota Europe, JCB, New Holland, Versatile, Lamborghini,
CASE IH, SteyrTraktoren, and Landini.
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Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption,
revenue (million USD), market share and growth rate of Power-Shift Tractor in these regions, from
2012 to 2022 (forecast), covering
• North America
• Europe
• China
• Japan