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Walking Tractor Market To Grow At 8.33 %: Global Scenario, Market Landscape And The Growth Prospects Analysis And Forecast 2017-2021
- Sep 15, 2017 -

Walking Tractor market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report provides actionable intelligence on major factors influencing the market(drivers, opportunities, industry specific challenges, and other critical issues) along with the market size of various segments.

Walking tractor, commonly known as the two-wheel tractor is controlled by an operator and is self-powered in nature.  The walking tractor can work with different attachments like cultivator, trailer, and a plough. The walking tractor is mainly used for horticultural, industrial landscaping, small-scale farming, and gardening. It is also called single axle walking type tractor, walk-behind tractor or power tiller. However, the riding seat is available in certain models of walking tractor.

On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Walking Tractor market projected to grow at a CAGR of 8.33% during the period 2017-2021.

Market Driver: – One driver in market is walking tractor as a versatile tool. The walking tractor has emerged as one of the versatile garden tools for large plots. The manufacturers built walking tractors with a variety of attachments, making it possible to use as a gardening tool. The small gardens with 5,000 sq. ft. or less can be managed by hand tools. However, the larger gardens require some mechanical aid. The gardening equipment manufacturers offer a variety of standalone products such as garden tillers, mowers, and chippers-shredders. These machines have their own engines which increase the cost and maintenance work. Also, most of the consumer grade equipment are useful till their warranty period and then the user has to invest in the equipment for servicing.

Market Challenge: – One challenge in market is lack of educated workforce in agricultural sector. One of the major challenges faced by the market is the lack of new workforce in the agricultural sector. The younger generation is reticent to enter the agricultural sector. The lack of infrastructure in rural areas and the instability of earnings are forcing the youth to adopt professions other than farming and agriculture-related jobs. The scarcity of educated talent in the agriculture sector leads to lack of knowledge on technically advanced products in the market. For example, according to the Census of India 2011, there are nearly 15 million farmers fewer than there were in 1991 and over 7.7 million less since 2001. Hence, for the last 20 years, on an average, about 2,035 farmers are losing ‘Main Cultivator’ status every single day. In addition, there have been many cases of suicide recorded in India. In 2015, there were 3,228 farmer suicides. The main reasons for the suicide were drought, farmers unable to pay loans, and policies taken by government which was not in favor of the farmers among others. A decline in the number of farmers can directly affect the demand for agriculture machinery in India.

Market trend: – One trend in market is emergence of electric powered walking tractor. Most of the walking tractors use internal combustion engine. This results in high level of noise and vibration. Therefore, the use of walking tractor is limited in a closed environment with the presence of exhaust engine gas. Thus, the working conditions for walking tractor operators become extremely severe. To overcome the problem, manufacturers of walking tractors have designed electrical engine for the tractor with a rated power of 3kW which is driven by alternating current (AC). Another electric powered walking tractor is designed with the power of 2kW which is driven by direct current and batteries. Also, the electric powered walking tractors are more effective in soil preparation than engine driven walking tractors.