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Colombia Agriculture Tractors Market Expected to Grow at a CAGR of 5.6% from 2019 to 2024 - ResearchAndMarkets.com

January 23, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 23, 2020--

The “Colombia Agriculture Tractors Market-Size, Trends, Competitive Analysis and Forecasts (2019-2024)” report has been added to ResearchAndMarkets.com’s offering.

Agriculture is a fundamental sector of the Colombian economy and is considered by the Government as one of five engines of development in the country. Agriculture contributes to about 10% of the national gross domestic product and employs 19% of the workforce nationally and 66% in rural areas. Colombian agriculture is diverse in its structure and can be characterized by the presence of agricultural enclaves and large- scale commercial enterprises, as well as family farms producing for domestic and export markets. The mechanization in agriculture is not very prevalent and tractors are only beginning to be widely used.

Market Dynamics

Colombia has tremendous potential to feed the world. The Government is pushing for mechanization to increase the productivity of agriculture. This push from the Government is driving for the utilization of agriculture tractors. However the Colombian agriculture is facing both longstanding and more recent pressures, among which are climate change, trade liberalization, and violent conflict, whose effects are expected to continue in the next decades. Moreover, the credit policies are also not in favor of farmers. Thus, the investment in farm mechanization and machinery is reduced due to the perception of increased risk due to the simultaneous pressure of climate change, violent conflict, and trade and credit policies.

Competitive Landscape

The Agriculture tractor market is concentrated among a few players in the market such as John Deere, CNH Industrial N.V., New Holland among others. Aggressive marketing, technological innovations and brand building are the most adopted strategies by major players.

Key Deliverables

Key Topics Covered:

1. Introduction

1.1 Research Methodology

1.2 Scope of the Study

1.3 Assumptions

2. Summary

3. Industry Dynamics

3.1 Drivers

3.1.1 Growing access to subsidies and credits for Farm Machinery in Asia

3.1.2 Push for agriculture mechanization from policy makers

3.1.3 Focus to increase cropping intensity

3.1.4 Dwindling agriculture laborers due to Urbanization

3.2 Restraints

3.2.1 Diminishing area under agriculture

3.2.2 Increased number of fragmented landholding in Asia

3.2.2 Consolidating farmland under contract farming & co-operatives

3.3 Opportunities

3.3.1 Growing emphasis on Precision farming

3.3.2 Hill Agriculture

3.3.3 Gender friendly tools and Equipment

3.3.4 Crop Specific Package of machines

3.4 Porter’s Five Forces Analysis

3.4.1 Bargaining power of Suppliers

3.4.2 Bargaining power of Buyers

3.4.3 Degree of Competition

3.4.4 Threat of Substitution

3.4.5 Threat of new entrants

3.5 Future Trends in the Industry

3.6 Value Chain Analysis

3.7 Industry Policies & Regulations

3.8 Market Innovations

4. Market Size and Forecast

4.1 Market Share, By Types

4.1.1 Utility Tractors

4.1.2 Row crop tractors

4.1.3 Garden Tractor

4.1.4 Orchard Tractor

4.1.4 Rotary Tillers

4.1.5 Others

4.2 Market Share, By Horse Power

4.2.1 Below 40 HP

4.2.2 40 HP-100 HP

4.2.3 Above 100 HP

4.3 Market Share, By Wheel Type

4.3.1 Two Wheel

4.3.2 Four Wheel

5. Competitive Analysis

5.1 Market Share Analysis

5.2 Growth Strategies of leading players

5.3 Investment and Development Prospects

5.3.1 Investment in past five years

5.3.2 Investment Opportunities

5.4 Competition Pattern

5.4.1 Concentration Ratio

5.4.2 Industry Competition

5.5 Price Trend Analysis

5.5.1 Product Classifications and Their Prices

5.5.2 Factors Influencing Prices

6. Company Profiles

6.1 AGCO Corp.

6.2 Claas KGaA mbH

6.3 CNH Industrial N.V

6.4 Deere and Company

6.5 Deutz-Fahr

6.6 Escorts Limited

6.7 Kubota Corporation

6.8 Kuhn Group

6.9 Mahindra & Mahindra Ltd.

6.10 Tractors and Farm Equipment Ltd.

6.11 Yanmar Company Limited

For more information about this report visit https://www.researchandmarkets.com/r/fk4pqp

View source version on businesswire.com:https://www.businesswire.com/news/home/20200123005427/en/

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KEYWORD: SOUTH AMERICA COLOMBIA

INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES

SOURCE: Research and Markets

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PUB: 01/23/2020 08:29 AM/DISC: 01/23/2020 08:29 AM

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