Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of global tractor market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as surging demand for agricultural products, increasing consumer inclination towards small-sized tractors. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in global tractor market. Methodology Followed forCalculation of Market Size: • Market Size by Value and Volume: Market size, in terms of value and volume, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as tractor manufacturer andsupplier companies,channelpartners, market influencers & end users, industry experts, and other industry participants. • The team interviewed more than 15 – 20 tractor manufacturers, supplier and distributor companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 industry experts and other value chain stakeholders in the global tractor market to obtain the overall market size from 2016to2020,whichwasvalidated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020. 20
Tractor Market to be Valued USD 79 Billion by 2026 Page 19 Page 21