Global 6Wresearch Market Reports

Egypt Tractor Market Synopsis The   Egypt Tractor Market   was on the decline from 2019-2022 after recording highs in preceding years. This was due to the accumulated impact of the COVID pandemic, price rise as the market is heavily import-dependent and the ongoing Russia-Ukraine war. The situation was worsened by the rapid depreciation of the Egyptian Pound which stood among the top five worst-performing currencies globally. According to 6Wresearch, the Egypt Tractor Market revenues are projected to grow at a CAGR of 2.9% during the forecast period 2023-2029F. This growth would be primarily driven by factors like the mechanization of agriculture and added government efforts because agriculture contributes around 12-13% to the national GDP and employs nearly 20% of the workforce. There is a growing need of using machinery and other farm tools to better efficiency and enhance production. Moreover, agriculture is transitioning from the traditional use of draft animals to machine...

  India Tractor Market Synopsis The Tractor Market in India is expected to grow during the forecast period. The growth is mainly due to the increasing demand for tractors from the agriculture sector, which is witnessing a revival owing to the increasing incidence of extreme weather conditions and unpredictable monsoons.Further, the government's efforts towards improving agricultural productivity through initiatives such as Pradhan Mantri Krishi Sinchai Yojana are also expected to drive demand for tractors in the country. However, lack of infrastructure and an unreliable power supply are restraining the growth of the tractor market in India. According to 6Wresearch, the India Tractor Market size is expected to grow during 2022-2028. The India Agricultural Sector is one of the most important sectors in the world and this gives rise to the India Tractor Market. There are a number of factors that are contributing to this growth, such as increased investment in rural infrastructure, i...