Report forecast the global walking tractor market to grow at
a CAGR of 8.33% during the period 2017-2021.
Walking tractor, commonly known as the two-wheel tractor is
controlled by an operator and is self-powered in nature. The walking tractor
can work with different attachments like cultivator, trailer, and a plough. The
walking tractor is mainly used for horticultural, industrial landscaping,
small-scale farming, and gardening. It is also called single axle walking type
tractor, walk-behind tractor or power tiller. However, the riding seat is
available in certain models of walking tractor.
The report covers the present scenario and the growth
prospects of the global walking tractor market for 2017-2021. To calculate the
market size, the report considers the revenue generated from the retail sales
of the walking tractor across various geographies.
The market is divided into the following segments based
on geography:
- APAC
- Europe
- North America
- ROW
According to the report, one driver in market is walking
tractor as a versatile tool. The walking tractor has emerged as one of the
versatile garden tools for large plots. The manufacturers built walking
tractors with a variety of attachments, making it possible to use as a
gardening tool. The small gardens with 5,000 sq. ft. or less can be managed by
hand tools. However, the larger gardens require some mechanical aid. The
gardening equipment manufacturers offer a variety of standalone products such
as garden tillers, mowers, and chippers-shredders. These machines have their
own engines which increase the cost and maintenance work. Also, most of the
consumer grade equipment are useful till their warranty period and then the
user has to invest in the equipment for servicing.
Further, the report states that one challenge in market is
lack of educated workforce in agricultural sector. One of the major challenges
faced by the market is the lack of new workforce in the agricultural sector.
The younger generation is reticent to enter the agricultural sector. The lack
of infrastructure in rural areas and the instability of earnings are forcing
the youth to adopt professions other than farming and agriculture-related jobs.
The scarcity of educated talent in the agriculture sector leads to lack of
knowledge on technically advanced products in the market. For example,
according to the Census of India 2011, there are nearly 15 million farmers
fewer than there were in 1991 and over 7.7 million less since 2001. Hence, for
the last 20 years, on an average, about 2,035 farmers are losing ‘Main
Cultivator’ status every single day. In addition, there have been many cases of
suicide recorded in India. In 2015, there were 3,228 farmer suicides. The main
reasons for the suicide were drought, farmers unable to pay loans, and policies
taken by government which was not in favor of the farmers among others. A
decline in the number of farmers can directly affect the demand for agriculture
machinery in India.
Global Walking Tractor Market 2017-2021, has been
prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global walking tractor market: BCS
America, Deere & Company, and Grillo.
Other Prominent Vendors in the market are: CLAAS Jinyee
Agricultural Machinery (Shandong), Kranti Agro, Mahindra and Mahindra, Kubota
Agricultural Machinery, Shandong Changlin Machinery Group, and V.S.T Tillers
Tractors.
Market driver
- Increasing farm mechanization in developing countries.
- For a full, detailed list, view our report
Market challenge
- Lack of educated workforce in agricultural sector.
- For a full, detailed list, view our report
Market trend
- Emergence of electric powered walking tractor.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 63 pages and 28 Exhibits “Global
Walking Tractor Market 2017 - 2021” report covers Executive summary, Scope of the
report, Market research methodology, Introduction, Market landscape, Market
segmentation by product, Geographical segmentation, Market drivers, Impact of
drivers, Market challenges, Impact of drivers and challenges, Market trends,
Vendor landscape, Key vendor analysis, Appendix.
For
more information Visit at: http://mrr.cm/3jr
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