DUBLIN–(BUSINESS WIRE)–The “New Zealand Tractors Market – Industry Analysis & Forecast 2022-2028” report has been added to ResearchAndMarkets.com’s offering.
The New Zealand tractors market is expected to grow at a CAGR of 3.14% during 2022-2028.
New Zealand has over 5.1 million food consumers and is one of Oceania’s second largest food markets. The country is implementing the concept of precision agriculture to increase productivity. The focus on agricultural mechanization in developing countries will increase the demand for tractors and the growing sense of accuracy in farming for technologically advanced tractors in the New Zealand tractors market.
As the global challenge regarding the shortage of food crops mirrors that of New Zealand, stakeholders in food production, including public and private bodies and farmers, are shifting focus toward closing the yield gap and substantial increments in the amount of food produced.
The New Zealand tractor market will again play a pivotal role in operating all the new-age, technologically advanced equipment to fulfill the need for increased farm output. Governments must adopt effective and sustainable farming practices to ensure food security and safety. The country has witnessed a massive increase in farm mechanization, both in terms of agricultural and industrial productivity, over the past four decades, driven by the technological renaissance.
Key Highlights
Competitive Landscape
Key Questions Answered:
1. How many tractors are sold in New Zealand each year?
2. What are the expected units to be sold in the New Zealand tractor market by 2028?
3. What is the growth rate of the New Zealand tractor market?
4. Tractors with which horsepower type will constitute the largest share by 2028 in New Zealand?
5. Which wheel drive holds the highest market shares in the New Zealand tractor market?
6. Which companies dominate the New Zealand tractor market share?
Market Dynamics
Opportunities & Trends
Growth Enablers
Restraints
Market Segmentation
Segmentation by Horsepower
by Drive Type
by Regions
Key Vendors
Other Prominent Vendors
For more information about this report visit https://www.researchandmarkets.com/r/zhy9hm
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