The latest industry analysis on Compact Tractors Market provides sales outlook in 20+ countries, across key categories Product, Application, Sales Channel. Insights on Compact Tractors Market drivers, trends, and influencing factors are also included in the study.
Initially pegged at US$ 28.3 billion in 2020 and expected to add value worth US$ 10.8 billion during the forecast period, the compact tractors market is slated to show a bearish trend at a CAGR of 3.3% amid the COVID-19 pandemic. Fact.MR’s analytical research estimates that the market will witness acute dormancy due to the anticipated global economic slowdown and nationwide lockdowns to halt the spread of the virus. Landscaping companies are staring at a bleak future with shuttered facilities and stilted operations. This has generated significant shortfalls in demand and consumption of compact tractors market. A tighter supply chain has led to dwindling output. Based on these trends, the global compact tractors market is anticipated to expand at a snail’s pace in the short-term forecast period. Growth is anticipated to accelerate with the implementation of containment strategies.
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Key Takeaways of the Compact Tractors Market Study:
- The global compact tractors market is expected to grow at a CAGR of 3.1% in terms of volume and is anticipated to expand by 1.4X from 2020 through 2030.
- Compact tractors with engine power between 31HP- 40HP will hold maximum share in terms of value and are projected to create an absolute dollar opportunity of US$ 1.6 billion during the forecast period.
- Compact tractors with hydrostatic transmissions are expected to grow at a CAGR of 3.0% in terms of value, and are slated to experience a share erosion of 188 BPS by the end of the forecast period.
- By application, agriculture is expected to account for a major chunk of share in terms of value, and is projected to create an absolute $ opportunity of more than US$ 1.2 billion during the forecast period.
- South Asia & Oceania are poised to be potential market disruptors and are slated to hold maximum share in terms of value. The region is expected to gain 247 BPS on its market share in terms of value by the end of forecast period.
Report Benefits & Key Questions Answered
- Compact Tractors Market Company & brand share analysis: Company and brand share analysis on Compact Tractors Market reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Compact Tractors Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Compact Tractors Market
- Compact Tractors Market Category & segment level analysis: Fact.MR’s Compact Tractors Market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Compact Tractors Market Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Compact Tractors Market: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
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What insights does the Compact Tractors Market report provide to the readers?
- Compact Tractors Market fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Compact Tractors Market player.
- Various regulations imposed by the governments on the consumption of Compact Tractors Market in detail.
Market Segmentation
- By Power :
- Less than 20 HP
- 21HP-30HP
- 31HP-40HP
- 41HP-50HP
- Less than 60HP
- By Transmission :
- Hydrostatic
- Mechanical
- By Application :
- Mowing
- Agriculture
- Snow Clearing
- Landscaping
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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