Agricultural and Forestry Tractor Markets In World To 2019
The expansion of the global agricultural and forestry tractor industry is forecast to reach 2.9% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 4.0%. Currently, pedestrian controlled tractors account for 1.8% of the global demand while other agricultural and forestry tractors have a 98.2% share of the market.
China, Germany, India, Japan and the United States represent the largest agricultural and forestry tractor markets while the strongest annual growth is forecast to occur in Bangladesh (15.8%), Latvia (12.0%), Jordan (11.0%), Bolivia (10.7%) and Senegal (9.9%).