This market is projected to gain growth and surpass the size of USD 8.2 Billion. The agricultural sector in Brunei has grown by 11.7% in 2020, while Singapore has seen a decrease in agricultural activities by 10% in the same year.Ĭhina seems to be a promising country in the upcoming period for compact tractors market size as the country’s tractors market valued at USD 5 billion in 2021. As per the survey on agricultural machines, In South Korea, the cultivator is the most common machine owned by farmer’s households.Ĭonsidering the growth rate projection in the APAC region is anticipated to open the scope for manufacturers in compact agricultural equipment. These tractor trucks carry tow large volumes into their attached trailers. In 2022, The total tractor trucks in japan recorded high sales of 116 thousand units. In addition, farm mechanization has generated substantial opportunities for compact tractors manufacturers. Agriculture has been one of the major occupations in the region due to which demand for compact tractors has always been high. South Asia & Oceania accounted for around 33% share of the global compact tractors market during the historical period. Share Specifics with Me Compact Tractors Market Analysis by Region Further, the shortage of raw materials hinders the absorption of compact tractors in agriculture. The outbreak of the coronavirus pandemic has compelled most of the governments to enforce lockdowns leading to stalled production and operations of manufacturing plants and a subsequent dip in inventory. Moreover, compact tractors are equipped with small farm implements such as front-end loaders and back-hoes, enabling farmers to complete various tasks on fields. Small-scale framers are increasingly adopting compact tractors as they are lightweight and allow crops to be handled carefully, reducing damage. Agriculture is one of the major applications of compact tractors, holding more than 30% of the market share during the forecast period.
The agriculture segment is expected to grow 3.4% during the forecast period. Despite these trends, compact tractors of 31HP-40HP engines are projected to create an absolute dollar opportunity of US$ 1,595.0 Mn during the forecast period as market rebounds post pandemic.Ĭompact Tractors Market Analysis by Application Negligible demand is expected to hinder the growth of the compact tractors market in the next three fiscal quarters. This has caused latency in the market, dramatically lowering sales.Īccording to the Association of Equipment Manufacturers (AEM), in February 2020, the sales of compact tractors below 40HP was down by 9.7% in the US while in Canada it dipped by 20.2% as compared to the previous year. Imposition of lockdowns in many regions has restricted mobility and led to a closure of retail avenues. However, in the first quarter of 2020, the demand for compact tractors has witnessed a major downturn due to high volatility in the global market amid the COVID-19 pandemic. We have now successfully added SAGE PAY to our payment system, this now allows our customers to pay by credit/debit card over the telephone.Compact Tractors Market Analysis by PowerĬompact tractors with 31HP-40HP engines accounted for a majority of the market share in the global compact tractors market on back of its prolific advantages.
#Hobby farm tractors for sale full
Full instruction given on all our machines where required.Īt smalltractors we have a full welding and fabrication facility on site enabling us to adapt or manufacture equipment to fit your existing tractor. Nationwide delivery available using our own lorry and/or trailers. We also supply new and secondhand parts for uk and imported compact tractors. We have a large range of new and second hand equipment including toppers, posthole borers, mowers, harrows and rotavators in stock.
Having large stocks available we can sell to trade or retail buyers. With over 20 years of experience in the industry we pride ourselves in matching the customer with the tractor or machine that is right for the job they require it to do. Small Tractors is a family run firm based in Leicestershire.
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