As per a recent report and industry analysts, increasing requirement to exploit agricultural output due to dropping share of arable land is anticipated to drive the tractors sales all over the world.
In the same manner, rising trend of automation of forest and agricultural activities is anticipated to elevate the acceptance of tractors in the next coming years. For instance, the Helwig Farms Quarter-Scale Tractor Team of the Kansas State University grabbed two top places at the International Quarter-Scale Tractor Student Design Competition by 21st annual American Society of Agricultural and Biological Engineers. This indicates the rising technological advancements in the production of tractors.
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Tractors are accessible for agricultural and forestry reasons in plentiful choices and power ranges. Amongst them, 50 kW-plus power range tractors are ruling the industry. Since farmers strive to finish their farm processes in less time, the acceptance of higher power tractors has elevated. To end the work quickly on a huge chunk of land, a larger sized tractor is needed to house bigger tools and equipment for the same. Since the weight and size of tractor augments, so does the power needed to drive the tractor. In the same manner, in forest lands, big tractors with more power are favored to perform tedious errands in a quick manner. In addition to this, tractors with high power are preferable in steep and uneven forest land surfaces to provide enhanced traction and pulling power. Hence, the requirement for 50 kW-plus power range tractors has increased all over the world.
The market is growing at a quick speed in the developed as well as developing areas. Presently, the primary share for the forestry and agricultural tractor sales market is covered by Asia. Asia rules the worldwide market which is chased by Europe. Increasing income levels, elevating agricultural activities, requirement for improved crop output, and augmenting labor costs have boosted the requirement for tractors in this area.