Freedonia In The News

Article Title: World Demand for Tractors is Expected to Increase 6.8 Percent
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Publication: San Francisco Chronicle, 3/6/2013
Freedonia Study: World Tractors (2984)

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Demand for tractors in the Asia/Pacific region will be more than twice that of any other region in 2016, with China alone comprising 31 percent of the global total. Healthy population expansion and economic growth in China and other developing Asian nations such as India and Thailand will drive an expansion in construction activity in these countries and place heightened pressure on their agricultural sectors to become more efficient and productive, boosting associated tractor sales. Central and South America will post strong sales gains as well, due primarily to the large and increasingly mechanized agricultural sectors in Brazil and Argentina. Read more: http://www.timesunion.com/business/press-releases/article/Industrial-Research-Firm-The-Freedonia-Group-4332420.php#ixzz2Mt9KYUEx
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Article Title: Demand for Tractors Forecast to Grow 6.8 Percent Per Year Through ’16
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Publication: AgFax, 4/6/2013
Freedonia Study: World Tractors (2984)

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World demand for tractors is expected to increase 6.8 percent per year through 2016 to $122 billion, growing at the same pace as during the 2006-2011 period.A moderation in sales growth in many large, developing countries — particularly Brazil, China, and India — after an extended period of rapid gains will counterbalance a strong recovery in the U.S., Western Europe, and Japan from the effects of the 2009 global economic recession.
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