Analysis and Studies - Products analysis
Tractors: a look at the market
July 26th 2022
Tractors have completely changed the agricultural sector. Tractors are used to transport large items like construction equipment and farm machines. It can run on gasoline, diesel, natural gas, or even electricity. In the beginning, horses and farm animals drove agriculture, but this changed at the end of the 19th century. Steam tractors have been introduced into farming. They have been implemented in various activities, resulting in a rise in productivity in the field. In 1892, an Iowa blacksmith named John Froehlich created the first gasoline-powered farm vehicle.
Nowadays, the tractor trade is worth 45.9 billion dollars, and it is the world's 77th most traded product in 2020. In the same year, the top exporters were Germany ($7.62 billion), Mexico ($6.87 billion), the Netherlands ($4.41 billion), the United States ($3.72 billion), and France ($2.95 billion). The top importers were the United States ($9.62 billion), France ($3.12 billion), Germany ($2.8 billion), Canada ($2.34 billion), and the United Kingdom ($1.88 billion).
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