Agricultural Tractor Market to Grow 3.08% by 2021

According to a report from Research and Markets, global agricultural tractor market will grow at a CAGR of 3.08% from 2017 to 2021.

The report also says that a driver in the market is an increase in the wages of laborers, which has led to declining profit margins for farmers. The rise in minimum labor wages has increased the cost of producing crops and has adversely affected the profitability of farmers across all the regions.

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