Sarasota, FL -- (SBWIRE) -- 08/07/2018 -- The new report by Zion Market Research on the "Global Forestry and Agricultural Tractor Sales (FATS) Market — Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025" has vast information about the market and its potential. The global forestry and agricultural tractor sales market was valued more than USD 77 billion in the year 2016 and it is expected to reach more than USD 100 billion by 2025. The global forestry and agricultural tractor sales market is expected to exhibit a CAGR of around 4% between 2017 and 2025. In 2016, more than 2 million units of forestry and agricultural tractors were sold across the globe.

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The key factors that will trigger the growth of the forestry and agricultural tractor sales (FATS) market are increasing farm cash receipts (revenues and profits from agricultural activities), the lower interest rate on loans, and increasing need to raise agricultural output. The revenues and profits on agricultural output are increasing in most of the regions across the globe. Rising prices of the food products have led to increased profits for personnel involved in the agriculture sector. As a result, the spending power of farmers and personnel involved in agriculture industry has increased significantly. This increase in income level is complemented by the lower interest rate on loans for the agriculture industry. Moreover, tractors and other agricultural equipment have been levied with a minimum surcharge on loans. As the population has been increasing exponentially across the globe, agricultural output needs to be increased to meet the rising demand for food. All these factors have compounded favorably to generate demand for forestry and agricultural tractors across the globe.

Our research analysts observed that there would be an anticipated rise in the demand for forestry and agricultural tractors owing to increasing focus on the transformation from human labor-intensive agriculture activities to a more mechanized form of agricultural activities. To achieve this target, tractors provide an excellent starting point where labor-intensive activities could be mechanized on the fields, farms, and forests. This transformation would invariably lead to more agricultural output per square feet of land complemented by much lesser efforts from the personnel.

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The global forestry and agricultural tractor sales market is segmented on the basis of drive type, power, application, and the geographical regions.

Global Forestry and Agricultural Tractor Sales Market

Global Forestry and Agricultural Tractor Sales Market: Drive Type Segment Analysis

4-Wheel Drive
2-Wheel Drive

Global Forestry and Agricultural Tractor Sales Market: Power Segment Analysis

Below 10 kW
10 – 30 kW
30 – 50 kW
Above 50 kW

Global Forestry and Agricultural Tractor Sales Market: Application Segment Analysis

Forestry
Agricultural

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Global Forestry and Agricultural Tractor Sales Market: Regional Segment Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa