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Showing posts with the label Agriculture Tractor Market Share

Agriculture Tractor Market Size to Develop Lucratively by 2026

Agriculture Tractor Market : Overview The agriculture tractor is a vehicle that is utilized in farms in order to mechanize farming activities and achieve better yield. Various machinery such as tillage, planter, or fertilizer sprayers attached to the tractor minimize the time required and perform the task more efficiently. Demand for increased agricultural yield is the prime factor driving the demand for agricultural tractor. The scarcity of arable land is a major driver to adopt tractors in order to cultivate and harvest crops rapidly. The shortage of skilled labor and increasing labor wages are also driving the agriculture tractor market. Government initiatives on funding and assisting farmers, with lower interest rates, are also boosting the global agriculture tractor market. Increasing farm cash receipt, i.e. profit and revenue generated from farming, boosts the affordability of tractors and is thus, estimated to fuel the demand for agriculture tractor Advanced technologies ...