Agricultural drivetrain components Market – Introduction
Agricultural drivetrain components include the components used for the transmission. The primary purpose of the drivetrain is to transmit power from the engine to the wheels. Common components of a drivetrain include drive shaft, axles, differential, and pump drives.
Deere & Company
Established in 1837, Deere & Company currently has its headquarters in Grand Detour, Illinois, U.S. Deere & Company is a leader global company that manufactures farm equipment. John Deere is one of the few engine manufacturer that also make drivetrain components. Company’s products have diverse application based drivetrain components.
Yanmar was founded in March 1912 and is currently based in Japan. Yanmar specializes in the manufacture and sale of engines that are used in a wide range of applications. Yanmar is leading manufacturer of all major drivetrain components such as engine, transmission, axles, In-house.
American Axle & Manufacturing Inc.
American Axle & Manufacturing company was founded 1994 and is presently headquartered in Detroit, Michigan, U.S. The company manufactures major components utilized in agricultural drivetrain components such as axles, driveshaft, and front axle.
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Global Agricultural Drivetrain Components market - Dynamics
Expansion of agriculture industry drives market
Agriculture contributes significantly to the economies of several countries across globe. Increase in population is driving the demand for agricultural products, which is further boosting the demand for agricultural vehicles. This, in turn is estimated to propel the agricultural industry in the near future. Therefore, a rise in the production of agriculture vehicles boosts the drivetrain market.
Rise in Demand for multipurpose agricultural vehicles
Rising demand for all-wheel drive tractors, need of better traction on roads, and fuel efficiency are major factors fueling the market. Rising demand for comfort and safety in agricultural vehicles is also major factor that is projected to drive the agricultural drivetrain market during the forecast period. Demand for agricultural vehicles with enhanced features, such as increased acceleration, traction, & towing capabilities, is rising. Increasing demand for lightweight driveshaft in the manufacturing of tractors, resulting in increased fuel efficiency, is boosting the market.
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Global Agricultural Drivetrain Components Market - Segmentation
Based on type of drive, the global agricultural drivetrain components market can be segmented into
- All wheel drive
- Rear wheel drive
- Front wheel drive
Based on engine type, the global agricultural drivetrain components market can be classified into
- Diesel engine
- Gasoline engine
- Hybrid electric
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