Garden And Orchard Type Tractors Machinery Global Market Expected to Reach $5.06 Billion with a CAGR of 3.4% By 2028 | AGCO Corporation, Deutz-Fahr GmbH, CLAAS Group, Daedong Corporation, Minsk Tractor Works OJSC

The Garden And Orchard Type Tractors Machinery Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Garden And Orchard Type Tractors Machinery Global Market Report 2024, The garden and orchard type tractors machinery market size has grown steadily in recent years. It will grow from $4.24 billion in 2023 to $4.42 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to environmental awareness, market transformations, economic fluctuations, globalization trends, regulatory changes.

The garden and orchard type tractors machinery market size is expected to see steady growth in the next few years. It will grow to $5.06 billion in 2028 at a compound annual growth rate (CAGR) of 3.4%. The growth in the forecast period can be attributed to environmental sustainability, market dynamics, demographic changes, regulatory trend, global market expansion. Major trends in the forecast period include environmental concerns, market consolidation, changing demographics, consumer preferences and behavior.

The necessity to increase crop yields is expected to propel the growth of the garden and orchard-type tractors machinery market going forward. Crop yields refer to the amount of agricultural produce or crops harvested from a given land area over a specified period. Garden and orchard tractors machinery is used in crop yields to facilitate agricultural operations such as planting, harvesting, and pulling heavy loads. For instance, in September 2022, according to Statistics Canada, a Canada-based Government agency, Wheat production in Canada is predicted to rise 55.6% yearly to 34.7 million tons in 2022. This increase is primarily due to higher indicated yields, estimated to grow by 42.1% to 51.3 bushels per acre. Moreover, in April 2022, according to Central Statistics Office Ireland, an Ireland-based Government agency, the Potato yield increased from 33.8 tons per hectare to 45.6 tons. Therefore, the necessity to increase crop yields is driving the growth of the garden and orchard-type tractors machinery market.

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The garden and orchard type tractors machinery market covered in this report is segmented –
1) By Type: Wheeled, Crawler
2) By Application: Orchard Use, Garden Use
3) By End User: Residential Users, Professional Landscaping Services, Other End Users

Product innovation is a key trend gaining popularity in the garden and orchard-type tractors machinery market. Companies operating in the garden and orchard-type tractors machinery market are developing innovative products to sustain their position in the market. For instance, in August 2021, Solectrac Electric Tractors, a US-based electric tractor manufacturing company, launched the newest 70 HP, 60 kWh electric tractor. The e70 electric tractor is equipped with swappable battery pack technology. This 4WD narrow electric tractor is intended for more significant agricultural activities such as farms, orchards, and vineyards. The e70N can run for up to eight hours on a single charge due to its 60 kWh battery.

The garden and orchard type tractors machinery market report table of contents includes:
1. Executive Summary

2. Garden And Orchard Type Tractors Machinery Market Characteristics
3. Garden And Orchard Type Tractors Machinery Market Trends And Strategies
4. Garden And Orchard Type Tractors Machinery Market – Macro Economic Scenario
5. Global Garden And Orchard Type Tractors Machinery Market Size and Growth

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31. Global Garden And Orchard Type Tractors Machinery Market Competitive Benchmarking
32. Global Garden And Orchard Type Tractors Machinery Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Garden And Orchard Type Tractors Machinery Market
34. Garden And Orchard Type Tractors Machinery Market Future Outlook and Potential Analysis
35. Appendix

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