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  The tractors market is poised for steady growth, with its size projected to rise from USD 89.80 billion in 2025 to USD 119.61 billion by 2030 , registering a CAGR of 5.9% during the forecast period. This growth reflects increasing agricultural mechanization, the rising adoption of high-horsepower tractors, and supportive government initiatives aimed at modernizing farming practices. Market Drivers Mechanization in Agriculture Farmers are shifting toward advanced machinery to improve productivity, reduce labor dependency, and optimize operations. Demand for High-Horsepower Tractors Large-scale farms require powerful tractors capable of handling extensive fieldwork efficiently, boosting sales in this segment. Government Support Subsidies and financial assistance programs encourage farmers to invest in modern tractors, driving market penetration across developing economies. Explore our full library of Automotive Research industry ...

  The aerospace composites market is set for significant growth, with its value projected to rise from USD 35.18 billion in 2025 to USD 57.77 billion by 2030 , registering a CAGR of 10.43% over the forecast period. This growth is driven by the increasing need for lightweight materials, improved fuel efficiency, and wider adoption across civil and defense aviation. Market Drivers Demand for Lightweight Materials Composite materials, particularly carbon fiber-reinforced plastics, are preferred for their high strength-to-weight ratio, helping manufacturers enhance aircraft performance and reduce fuel consumption. Fuel-Efficient Aircraft The industry is focusing on fuel efficiency to lower operational costs and meet environmental regulations, which is accelerating the use of composites. Expanding Defense Applications Military aviation is adopting composites for enhanced durability, stealth capabilities, and improved opera...