Power-Shift Tractor Market Snapshot & Growth Prospect Mapping|2018

The Global Power-Shift Tractor Market is anticipated to grow at a higher CAGR in the forthcoming period. Agricultural vehicles such as tractors have to cope up severe working conditions involving complex tasks that demand excavations coupled with pushing and pulling of land for harvest. Tractors are specially designed to work at low speed enabling larger traction forces. In addition, their ease of moving on irregular soil also makes them a better choice for transportation.

To ensure maximum flexibility of use at each individual speed and to utilize engine power to its maximum, agricultural vehicles are equipped with power-shift transmission that has large number of gears allowing to perform a gearshift with no or minimum loss of power from the engine to drive wheels. Driving factors responsible for the growth of power-shift tractor market includes rising 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.

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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.

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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.