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Stock impact report

Compact Tractor Market To Reach USD 11.6 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]

CNH Industrial N.V. Common Shares (CNHI) 
Last cnh industrial n.v. common shares earnings: 2/7 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, April 16, 2024 (GLOBE NEWSWIRE) -- Demand for small-scale farming and growing urbanization to drive the compact tractor market growth. The surge in urbanization and the subsequent growth of small-scale farming ventures have significantly increased the demand for compact tractors. With more people moving to urban areas, the need for fresh, locally-grown produce has escalated, leading to a rise in small farms and community gardens. The United Nations projects that by 2050, 68% of the global population will be living in urban areas. Compact tractors, with their nimbleness and ability to accommodate various attachments, are perfectly suited for these ventures, making them indispensable tools for small-scale farmers and urban agriculture enthusiasts. Technological progress has revolutionized compact tractors, rendering them more efficient, user-friendly, and attractive to tech-savvy farmers and contractors. Numerous models now boast hydrostatic transmissions, Show less Read more
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