Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Tractor Implements Market size is expected to reach $39.1 billion by 2028, rising at a market growth of 5.3% CAGR during the forecast period.
The Harrows market is showcasing a CAGR of 5.6% during (2022 - 2028). The segment's development is significantly influenced by the increased attention being paid to heavy residue management. The agriculture sector mainly depends on harrowing to prepare the soil, and a number of businesses are now introducing harrows that are specifically designed to manage heavy residues effectively.
The Asia Pacific market dominated the Global Tractor Implements Market by Region in 2021; thereby, achieving a market value of $14.3 billion by 2028. The Europe market is poised to grow at a CAGR of 4.8% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 5.1% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of CNH Industrial N.V., Deere & Company, KUBOTA Corporation, Mahindra & Mahindra Limited (Mahindra Group), J C Bamford Excavators Ltd., AGCO Corporation, Claas KGaA mbH, SDF S.p.A., KUHN SAS (Bucher Industries AG) and Tractors and Farm Equipment Limited.
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