European Wheeled Tractor Machinery Market is expected to reach USD 10.01 billion from USD 7.44 billion, while growing at a CAGR of 6.12% during the forecast period from 2022 - 2027. A tractor is an engineering vehicle used in farming and contributes to the largest segment of agricultural machinery market which is used for agricultural purposes. In Europe, tractors are employed for agricultural as well as non-agricultural activities where farmers usually use tractors for tilling the farm lands.
In Europe, the necessity to increase yield and productivity is driving the market. With the improving technology, various advanced machinery is being employed to make farming simpler, which is constraining the sales of traditional tractors.
Earth Moving Tractor
Row Crop Tractors
The European market represents a considerably high weighting for global industry turnover. Germany is leading the market at present in Europe. The several subsidies by the government for Farm mechanization is driving the Agricultural tractor machinery market.
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