Summary
As the world continues to deal with COVID-19, economies are moving into recession, under multiple adverse factors, the GDP of European and American countries in the second quarter suffered a historical contraction. At an annualized rate, the US GDP fell by 32.9% month on month, while the overall GDP of the euro zone fell by 12.1%.
Moreover, the economic prospects of Europe and the United States in the third quarter under the epidemic situation are hardly optimistic. The resumption of work and production not only brought economic data back, but also triggered a rebound in the epidemic situation. At present, the United States is still the 'epicenter' of the global epidemic. The total number of confirmed cases has exceeded 4.8 million, and the epidemic situation in some European countries has also rebounded. Affected by this, more than 20 states in the United States have announced the suspension or withdrawal of part of the economic restart plan. Britain and Italy have also decided to extend the state of emergency. The rebound of the epidemic situation has posed considerable risks to the economic prospects of Europe and the United States.
In the second quarter of this year, US GDP shrank by 9.5% on a month on month basis, or 32.9% at an annual rate, the largest decline since the 1940s. Data show that the sharp decline in personal consumption is the main drag on the U.S. GDP growth in the second quarter.
Compared with the United States, Europe's economic contraction in the second quarter was smaller, but it was also the lowest on record, with Germany and France contracting more than 10%. According to the data released by the Federal Bureau of statistics, Germany's GDP fell by 10.1% in the second quarter after adjusting for prices, seasons and working days, the largest decline since the quarterly economic data were available in 1970.
Thanks to the effective control and policy support of the new epidemic, China's economy rebounded sharply in the second quarter. The growth rate of manufacturing industry, which accounted for about 28% of GDP, rebounded sharply to 4.4% from the negative value in the first quarter. Chinese original equipment manufacturers (OEMs) and suppliers are ramping up production. And there are increased investments in digital footprints in manufacturing. OEMs in other parts of the world are offering incentives to drive sales. Prudent Markets published a report for global Agriculture Tractors market in this environment.
In terms of revenue, this research report indicated that the global Agriculture Tractors market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX % over the forecast period 2021-2026. Correspondingly, the forecast analysis of Agriculture Tractors industry comprises of China, USA, Japan, India, Korea and South America, with the production and revenue data in each of the sub-segments.
The AGCO Corp. aims at producing XX Agriculture Tractors in 2020, with XX % production to take place in global market, Alamo Group Inc. accounts for a volume share of XX %.
Regional Segmentation (Value; Revenue, USD Million, 2015 - 2026) of Agriculture Tractors Market by Prudent Markets Include
China
EU
USA
Japan
India
Southeast Asia
South America
Competitive Analysis; Who are the Major Players in Agriculture Tractors Market
AGCO Corp.
Alamo Group Inc.
CLAAS KGaA mbH
CNH Industrial NV
Deere & Co.
J.C. Bamford Excavators Ltd.
Kubota Corp.
Mahindra & Mahindra Ltd.
Tractors and Farm Equipment Ltd.
Yanmar Co. Ltd.
...
Major Type of Agriculture Tractors Covered in Prudent Markets report:
Below 40 HP
40 to 120 HP
121 to 180 HP
181 to 250 HP
More Than 250 HP
Application Segments Covered in Prudent Markets Market
Harvesting
Seed Sowing
Irrigation
Others
For any other requirements, please feel free to contact us and we will provide you customized report.
Table of Contents
Global Agriculture Tractors Market Analysis 2020, With Top Companies, Production, Revenue, Consumption, Price and Growth Rate
1 Market Scope
1.1 Product Details and Introduction
1.1.1 Below 40 HP -Product Introduction and Major Manufacturers
1.1.2 40 to 120 HP -Product Introduction and Major Manufacturers
1.1.3 121 to 180 HP -Product Introduction and Major Manufacturers
1.1.4 181 to 250 HP -Product Introduction and Major Manufacturers
1.1.5 More Than 250 HP -Product Introduction and Major Manufacturers
1.2 Market Snapshot
1.2.1 Major Companies Overview
1.2.2 Market Concentration
1.2.3 Six-Year Compound Annual Growth Rate (CAGR)
2 Global Agriculture Tractors Market Assessment, by Segmentation
2.1 Type Breakdown Estimates & Forecast, Sales Volume (2015-2026)
2.2 Type Breakdown Estimates & Forecast, Sales Value (2015-2026)
2.3 Application Breakdown Estimates & Forecast, by Application (2015-2026)
3 Regional Market Analysis
3.1 China Agriculture Tractors Market
3.1.1 Top Companies leading Agriculture Tractors Development in China (2015-2020)
3.1.2 Sales Value of Major Company in China Market (2015-2020)
3.1.3 China Agriculture Tractors Price (USD/Unit), by Type (2019-2020)
3.1.4 Sales in China Market, by Type (2015-2026)
3.2 EU Agriculture Tractors Market
3.2.1 Top Companies leading Agriculture Tractors Development in EU (2015-2020)
3.2.2 Sales Value of Major Company in EU Market (2015-2020)
3.2.3 EU Agriculture Tractors Price (USD/Unit), by Type (2019-2020)
3.2.4 Sales in EU Market, by Type (2015-2026)
3.3 USA Agriculture Tractors Market
3.3.1 Top Companies leading Agriculture Tractors Development in USA (2015-2020)
3.3.2 Sales Value of Major Company in USA Market (2015-2020)
3.3.3 USA Agriculture Tractors Price (USD/Unit), by Type (2019-2020)
3.3.4 Sales in USA Market, by Type (2015-2026)
3.4 Japan Agriculture Tractors Market
3.4.1 Top Companies leading Agriculture Tractors Development in Japan (2015-2020)
3.4.2 Sales Value of Major Company in Japan Market (2015-2020)
3.4.3 Japan Agriculture Tractors Price (USD/Unit), by Type (2019-2020)
3.4.4 Sales in Japan Market, by Type (2015-2026)
3.5 India Agriculture Tractors Market
3.5.1 Top Companies leading Agriculture Tractors Development in India (2015-2020)
3.5.2 Sales Value of Major Company in India Market (2015-2020)
3.5.3 India Agriculture Tractors Price (USD/Unit), by Type (2019-2020)
3.5.4 Sales in India Market, by Type (2015-2026)
3.6 Southeast Asia Agriculture Tractors Market
3.6.1 Top Companies leading Agriculture Tractors Development in Southeast Asia (2015-2020)
3.6.2 Sales Value of Major Company in Southeast Asia Market (2015-2020)
3.6.3 Southeast Asia Agriculture Tractors Price (USD/Unit), by Type (2019-2020)
3.6.4 Sales in Southeast Asia Market, by Type (2015-2026)
3.7 South America Agriculture Tractors Market
3.7.1 Top Companies leading Agriculture Tractors Development in South America (2015-2020)
3.7.2 Sales Value of Major Company in South America Market (2015-2020)
3.7.3 South America Agriculture Tractors Price (USD/Unit), by Type (2019-2020)
3.7.4 Sales in South America Market, by Type (2015-2026)
4 Value Chain (Impact of COVID-19)
4.1 Agriculture Tractors Value Chain Analysis
4.1.1 Upstream
4.1.2 Downstream
4.2 COVID-19 Impact on Agriculture Tractors Industry
4.2.1 Industrial Policy Issued Under the Epidemic Situation
4.3 Cost-Under the Epidemic Situation
4.3.1 Cost of Raw Material
4.4 Channel Analysis
4.4.1 Distribution Channel-Under the Epidemic Situation
4.4.2 Distributors
5 Regional Market Forecast (2021-2026)
5.1 Global Agriculture Tractors Sales and Growth Rate (2021-2026)
5.2 Global Agriculture Tractors Sales Value and Growth Rate (2021-2026)
6 Agriculture Tractors Competitive Analysis
6.1 AGCO Corp.
6.1.1 AGCO Corp. Company Profiles
6.1.2 AGCO Corp. Product Introduction
6.1.3 AGCO Corp. Agriculture Tractors Production, Revenue (2015-2020)
6.1.4 SWOT Analysis
6.2 Alamo Group Inc.
6.2.1 Alamo Group Inc. Company Profiles
6.2.2 Alamo Group Inc. Product Introduction
6.2.3 Alamo Group Inc. Agriculture Tractors Production, Revenue (2015-2020)
6.2.4 SWOT Analysis
6.3 CLAAS KGaA mbH
6.3.1 CLAAS KGaA mbH Company Profiles
6.3.2 CLAAS KGaA mbH Product Introduction
6.3.3 CLAAS KGaA mbH Agriculture Tractors Production, Revenue (2015-2020)
6.3.4 SWOT Analysis
6.4 CNH Industrial NV
6.4.1 CNH Industrial NV Company Profiles
6.4.2 CNH Industrial NV Product Introduction
6.4.3 CNH Industrial NV Agriculture Tractors Production, Revenue (2015-2020)
6.4.4 SWOT Analysis
6.5 Deere & Co.
6.5.1 Deere & Co. Company Profiles
6.5.2 Deere & Co. Product Introduction
6.5.3 Deere & Co. Agriculture Tractors Production, Revenue (2015-2020)
6.5.4 SWOT Analysis
6.6 J.C. Bamford Excavators Ltd.
6.6.1 J.C. Bamford Excavators Ltd. Company Profiles
6.6.2 J.C. Bamford Excavators Ltd. Product Introduction
6.6.3 J.C. Bamford Excavators Ltd. Agriculture Tractors Production, Revenue (2015-2020)
6.6.4 SWOT Analysis
6.7 Kubota Corp.
6.7.1 Kubota Corp. Company Profiles
6.7.2 Kubota Corp. Product Introduction
6.7.3 Kubota Corp. Agriculture Tractors Production, Revenue (2015-2020)
6.7.4 SWOT Analysis
6.8 Mahindra & Mahindra Ltd.
6.8.1 Mahindra & Mahindra Ltd. Company Profiles
6.8.2 Mahindra & Mahindra Ltd. Product Introduction
6.8.3 Mahindra & Mahindra Ltd. Agriculture Tractors Production, Revenue (2015-2020)
6.8.4 SWOT Analysis
6.9 Tractors and Farm Equipment Ltd.
6.9.1 Tractors and Farm Equipment Ltd. Company Profiles
6.9.2 Tractors and Farm Equipment Ltd. Product Introduction
6.9.3 Tractors and Farm Equipment Ltd. Agriculture Tractors Production, Revenue (2015-2020)
6.9.4 SWOT Analysis
6.10 Yanmar Co. Ltd.
6.10.1 Yanmar Co. Ltd. Company Profiles
6.10.2 Yanmar Co. Ltd. Product Introduction
6.10.3 Yanmar Co. Ltd. Agriculture Tractors Production, Revenue (2015-2020)
6.10.4 SWOT Analysis
7 Conclusion