Agricultural Tractors Market
Agricultural Tractors Market Analysis by Engine Power (Less than 40 HP, between 41 to 100 HP, More than 100 HP), by Driveline Type (2WD Agricultural Tractors, 4WD Agricultural Tractors), by Region - Global Forecast 2022 to 2032
Analysis of Agricultural Tractors market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Agricultural Tractors Market Outlook (2022 to 2032)
The global sales of agricultural tractors will likely garner a market value of US$ 63 Mn in 2022 and is expected to register a CAGR of 6% by accumulating a market value of US$ 113 Mn through the assessment period 2022 to 2032.
| Report Attributes | Details |
|---|---|
| Expected Market Value in 2022 | US$ 63 Mn |
| Forecasted Market Value in 2032 | US$ 113 Mn |
| Growth Rate (2022 to 2032) | 6% CAGR |
| Key Companies Profiled | CNH Industrial N.V.; Deere & Company; Kubota Corp.; International Tractors Ltd.; CLAAS KGaA; Escorts Ltd.; Mahindra & Mahindra Ltd.; AGCO Corp.; Yanmar Co., Ltd.; Tractors and Farm Equipment Ltd. |
Increase in demand for food has burdened the agriculture industry across the globe. Thus, to escalate the production rate, farmers are relying on agricultural tractors for sowing, ploughing and spraying. Furthermore, improving mechanization in tractors is rapidly growing the adoption of the same.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Demand Analysis of Agricultural Tractors from 2015 to 2021 Vs Market Projections for 2022 to 2032
As per Fact.MR’s report, from 2015 to 2021, the global sales of agricultural tractors market experienced an incline of 4%. A rapidly expanding population and consequent requirement of food has led to an increase in the proportion of food crops cultivation, impelling demand for agricultural tractors in the recent past.
During the COVID-19 pandemic, prospects somewhat declined, especially in the first half of 2020, attributed to the imposition of strict lockdowns. The prevalence of these lockdowns prevented any agricultural activity from happening, leading to cessation of usage of agricultural tractors. However, as the curbs eased, a gradual resurgences is being observed.
Manufacturers of agricultural tractors are focusing on improving the efficiency of the same by making them automatic and electric. Moreover, cost efficiency and convenience of using 2WD tractors is escalating the demand for agricultural tractors.Thus, the sales of agricultural tractors are expected to exceed US$ 113 Mn by registering a CAGR of 6% in the forecast period 2022 to 2032.
Convenience Playing a Key Role in Upsurging Demand for Agricultural Tractors?
Agriculture is one of the major occupations of most people across the globe. Increase in the population has burdened farmers with providing food. As demand and supply chain of food is getting affected at a large scale, farmers are depending on options that make crop cultivation easy. Thus, the demand for agricultural tractors has increased.
Agricultural tractors are convenient to use and fasten the process of crop cultivation. Moreover, changes in seasons require a change in crop production. Thus, the process of ploughing, sowing and spraying is time consuming. Due to these factors, manufacturers of agricultural tractors are focusing on improvising existing models by working on mechanization of tractors. This, in turn, is expected to improve the sales of agricultural tractors.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Mechanization Increasing Popularity of Agricultural Tractors?
Technological advancement is playing a key role in the innovation of agricultural tractors. Companies are focusing on integrating electric power for smooth and easy functioning of tractors. Moreover, to reduce the burden of farmers and to augment the process of crop cultivation, automatic tractors are being preferred by farmers on a large scale.
In addition, large and small farm lands require different tractors. Thus, 2 WD and 4WD tractors have gained popularity as they are helpful to escalate the production of crops. Furthermore, the integration of telematics and initiatives by governments to increase the agricultural sector is positively influencing the sales of agricultural tractors.
Country-wise Analysis
Dominance of Agriculture Accelerating Demand for Agricultural Tractors in Asia Pacific?
According to India Brand Equity Foundation, 58% of the Indian occupation practices agriculture. In addition, agriculture strongly contributes to the gross domestic product of the country. Moreover, India is the largest producer of pulses and jute along with the majority of the country’s population being vegetarian. Thus, the demand for accelerating production has increased.
All these factors have increased the demand for agricultural tractors in the country. Presence of key market players along with local players is adding to the market value of agricultural tractors. China too is the largest producer of rice. Technological advancement along with upgradation of mechanical processes in tractors is fueling the growth of agricultural tractors in the region. Thus, Asia Pacific is expected to hold more than 70% market share for agricultural tractors.
Autonomous Tractors Escalating Demand for Agricultural Tractors in Europe?
Technological advancement has taken a forefront in nearly all domains in Europe. Thus, agriculture too is no exception. This has led to the demand for autonomous and electric tractors in Europe. In comparison, the land for agriculture in countries such as Greece, Italy and Lithuania are bigger in comparison to other regions. Thus, to save time, demand for agricultural tractors has escalated in the region.
Furthermore, the government in Europe is focusing on increasing the production rate of agriculture. Thus, the demand for agricultural tractors has increased in the region. Due to the aforementioned factors, Europe is expected to hold more than 40% market share for agricultural tractors in the forecast period.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-Wise Insights
Smaller Farm Lands Bolstering Demand for Less Than 40 HP Agricultural Tractors?
Tractors possessing less than 40 HP engine power have gained massive popularity amongst farmers. This is due to the qualities of less than 40 HP engine power. 40 HP powers are convenient to use in smaller farm lands and perform tasks efficiently. In addition, lower prices of less than 40 HP engine power agricultural tractors is driving the demand for the same.
Furthermore, most farm lands in Asia Pacific are smaller in size. Moreover, continuous ploughing according to the season change requires tractors that would not delay the process of production. Electrical agricultural tractors are gaining huge prominence too for less than 40 HP engine power. Thus, less than 40 HP engine power is expected to hold more than 45% market share for agricultural tractors.
Cost Efficiency and Convenience Increasing Adoption 2 WD Tractors?
Smaller land farms require tractors that can easily turn and move without causing much trouble. Thus, preference towards 2 WD (wheel drive) agricultural tractors has increased by leaps and bounds. 2 WD agricultural tractors are cost efficient and require less investment. In addition, they provide an easy turn cycle in compact and smaller farm lands.
Moreover, 2 WD agricultural tractors are easy to drive and can be easily navigated. Thus, by driveline, 2 WD tractors are expected to hold more than 75% market share for agricultural tractors.
Competitive Landscape
- In January 2022, Deere & Company revealed a fully autonomous tractor that is ready for large scale production. The tractor consists of GPS system, advanced technologies and Tru-Set enabled chisel plow. Furthermore, the tractor is expected to be available in the market by the end of 2022.
- In January 2022, Deere & Company received eight AE50 awards for innovative product engineering from ASABE. The company is focusing on increasing efficiency of its wide range products that would provide instant results.
Report Scope
| Report Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2015 to 2021 |
| Market Analysis | US$ Mn for Value, ‘000 Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
| Key Countries Covered | U.S, Canada, Brazil, Mexico, Germany, U.K, France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia, New Zealand, GCC, Turkey, South Africa |
| Key Segments Covered | Engine Power, Driveline Type, Region |
Key Segments Covered in the Agricultural Tractors Industry Report
-
By Engine Power :
- Agricultural Tractors Less than 40 HP
- Agricultural Tractors between 41 to 100 HP
- Agricultural Tractors More than 100 HP
-
By Driveline Type :
- 2WD Agricultural Tractors
- 4WD Agricultural Tractors
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Key Success Factors
- 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Engine Power
- 8.1. Less than 40 HP
- 8.2. 41 to 100 HP
- 8.3. More than 100 HP
- 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Driveline Type
- 9.1. 2WD
- 9.2. 4WD
- 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. Asia Pacific
- 10.5. Middle East and Africa (MEA)
- 11. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 12. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 13. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 14. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 15. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 16. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. AGCO Corporation
- 18.2. CLAAS KGaAmbH
- 18.3. CNH Industrial N.V.
- 18.4. John Deere
- 18.5. Escorts Limited
- 18.6. International Tractors Limited
- 18.7. KUBOTA Corporation
- 18.8. Mahindra & Mahindra Ltd.
- 18.9. Tractors and Farm Equipment Limited
- 18.10. YANMAR Co, LTD.
- 19. Assumptions and Acronyms Used
- 20. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 1: Global Market Value (US$ Mn), By Engine Power , 2015 to 2021
Table 2: Global Market Value (US$ Mn), By Engine Power , 2022 to 2032
Table 3: Global Market Value (US$ Mn), By Driveline Type , 2015 to 2021
Table 4: Global Market Value (US$ Mn), By Driveline Type , 2022 to 2032
Table 5: Global Market, By Region, 2015 to 2021
Table 6: Global Market, By Region, 2022 to 2032
Table 7: North America Market Value (US$ Mn), By Engine Power , 2015 to 2021
Table 8: North America Market Value (US$ Mn), By Engine Power , 2022 to 2032
Table 9: North America Market Value (US$ Mn), By Driveline Type , 2015 to 2021
Table 10: North America Market Value (US$ Mn), By Driveline Type , 2022 to 2032
Table 11: North America Market, By Country, 2015 to 2021
Table 12: North America Market, By Country, 2022 to 2032
Table 13: Latin America Market Value (US$ Mn), By Engine Power , 2015 to 2021
Table 14: Latin America Market Value (US$ Mn), By Engine Power , 2022 to 2032
Table 15: Latin America Market Value (US$ Mn), By Driveline Type , 2015 to 2021
Table 16: Latin America Market Value (US$ Mn), By Driveline Type , 2022 to 2032
Table 17: Latin America Market, By Country, 2015 to 2021
Table 18: Latin America Market, By Country, 2022 to 2032
Table 19: Europe Market Value (US$ Mn), By Engine Power , 2015 to 2021
Table 20: Europe Market Value (US$ Mn), By Engine Power , 2022 to 2032
Table 21: Europe Market Value (US$ Mn), By Driveline Type , 2015 to 2021
Table 22: Europe Market Value (US$ Mn), By Driveline Type , 2022 to 2032
Table 23: Europe Market, By Country, 2015 to 2021
Table 24: Europe Market, By Country, 2022 to 2032
Table 25: Asia Pacific Market Value (US$ Mn), By Engine Power , 2015 to 2021
Table 26: Asia Pacific Market Value (US$ Mn), By Engine Power , 2022 to 2032
Table 27: Asia Pacific Market Value (US$ Mn), By Driveline Type , 2015 to 2021
Table 28: Asia Pacific Market Value (US$ Mn), By Driveline Type , 2022 to 2032
Table 29: Asia Pacific Market, By Country, 2015 to 2021
Table 30: Asia Pacific Market, By Country, 2022 to 2032
Table 31: MEA Market Value (US$ Mn), By Engine Power , 2015 to 2021
Table 32: MEA Market Value (US$ Mn), By Engine Power , 2022 to 2032
Table 33: MEA Market Value (US$ Mn), By Driveline Type , 2015 to 2021
Table 34: MEA Market Value (US$ Mn), By Driveline Type , 2022 to 2032
Table 35: MEA Market, By Country, 2015 to 2021
Table 36: MEA Market, By Country, 2022 to 2032
Table 37: Global Market Incremental $ Opportunity, By Engine Power , 2015 to 2021
Table 38: Global Market Incremental $ Opportunity, By Driveline Type , 2022 to 2032
Table 39: Global Market Incremental $ Opportunity, By Region, 2022 to 2032
Table 40: North America Market Incremental $ Opportunity, By Engine Power , 2015 to 2021
Table 41: North America Market Incremental $ Opportunity, By Driveline Type , 2022 to 2032
Table 42: North America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 43: Latin America Market Incremental $ Opportunity, By Engine Power , 2015 to 2021
Table 44: Latin America Market Incremental $ Opportunity, By Driveline Type , 2022 to 2032
Table 45: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 46: Europe Market Incremental $ Opportunity, By Engine Power , 2015 to 2021
Table 47: Europe Market Incremental $ Opportunity, By Driveline Type , 2022 to 2032
Table 48: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 49: Asia Pacific Market Incremental $ Opportunity, By Engine Power , 2015 to 2021
Table 50: Asia Pacific Market Incremental $ Opportunity, By Driveline Type , 2022 to 2032
Table 51: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 52: MEA Market Incremental $ Opportunity, By Engine Power , 2015 to 2021
Table 53: MEA Market Incremental $ Opportunity, By Driveline Type , 2022 to 2032
Table 54: MEA Market Incremental $ Opportunity, By Country, 2022 to 2032
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 1: Global Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Mn
Figure 3: Global Market Share, By Engine Power , 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Engine Power to 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Engine Power to 2022 to 2032
Figure 6: Global Market Share, By Driveline Type , 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Driveline Type to 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Driveline Type to 2022 to 2032
Figure 9: Global Market Share, By Region, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Region to 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Region to 2022 to 2032
Figure 12: North America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 13: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 14: North America Market Share, By Engine Power , 2022 & 2032
Figure 15: North America Market Y-o-Y Growth Projections, By Engine Power to 2022 to 2032
Figure 16: North America Market Attractiveness Index, By Engine Power to 2022 to 2032
Figure 17: North America Market Share, By Driveline Type , 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Projections, By Driveline Type to 2022 to 2032
Figure 19: North America Market Attractiveness Index, By Driveline Type to 2022 to 2032
Figure 20: North America Market Share, By Country, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Country to 2022 to 2032
Figure 23: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 24: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 25: Latin America Market Share, By Engine Power , 2022 & 2032
Figure 26: Latin America Market Y-o-Y Growth Projections, By Engine Power to 2022 to 2032
Figure 27: Latin America Market Attractiveness Index, By Engine Power to 2022 to 2032
Figure 28: Latin America Market Share, By Driveline Type , 2022 & 2032
Figure 29: Latin America Market Y-o-Y Growth Projections, By Driveline Type to 2022 to 2032
Figure 30: Latin America Market Attractiveness Index, By Driveline Type to 2022 to 2032
Figure 31: Latin America Market Share, By Country, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 33: Latin America Market Attractiveness Index, By Country to 2022 to 2032
Figure 34: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 35: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 36: Europe Market Share, By Engine Power , 2022 & 2032
Figure 37: Europe Market Y-o-Y Growth Projections, By Engine Power to 2022 to 2032
Figure 38: Europe Market Attractiveness Index, By Engine Power to 2022 to 2032
Figure 39: Europe Market Share, By Driveline Type , 2022 & 2032
Figure 40: Europe Market Y-o-Y Growth Projections, By Driveline Type to 2022 to 2032
Figure 41: Europe Market Attractiveness Index, By Driveline Type to 2022 to 2032
Figure 42: Europe Market Share, By Country, 2022 & 2032
Figure 43: Europe Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 44: Europe Market Attractiveness Index, By Country to 2022 to 2032
Figure 45: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 46: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 47: MEA Market Share, By Engine Power , 2022 & 2032
Figure 48: MEA Market Y-o-Y Growth Projections, By Engine Power to 2022 to 2032
Figure 49: MEA Market Attractiveness Index, By Engine Power to 2022 to 2032
Figure 50: MEA Market Share, By Driveline Type , 2022 & 2032
Figure 51: MEA Market Y-o-Y Growth Projections, By Driveline Type to 2022 to 2032
Figure 52: MEA Market Attractiveness Index, By Driveline Type to 2022 to 2032
Figure 53: MEA Market Share, By Country, 2022 & 2032
Figure 54: MEA Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 55: MEA Market Attractiveness Index, By Country to 2022 to 2032
Figure 56: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 57: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period(2022 to 2032), US$ Mn
Figure 58: Asia Pacific Market Share, By Engine Power , 2022 & 2032
Figure 59: Asia Pacific Market Y-o-Y Growth Projections, By Engine Power to 2022 to 2032
Figure 60: Asia Pacific Market Attractiveness Index, By Engine Power to 2022 to 2032
Figure 61: Asia Pacific Market Share, By Driveline Type , 2022 & 2032
Figure 62: Asia Pacific Market Y-o-Y Growth Projections, By Driveline Type to 2022 to 2032
Figure 63: Asia Pacific Market Attractiveness Index, By Driveline Type to 2022 to 2032
Figure 64: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 65: Asia Pacific Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 66: Asia Pacific Market Attractiveness Index, By Country to 2022 to 2032
Figure 67: US Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 68: US Market Share, By Engine Power , 2021
Figure 69: US Market Share, By Driveline Type , 2021
Figure 70: Canada Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 71: Canada Market Share, By Engine Power , 2021
Figure 72: Canada Market Share, By Driveline Type , 2021
Figure 73: Brazil Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 74: Brazil Market Share, By Engine Power , 2021
Figure 75: Brazil Market Share, By Driveline Type , 2021
Figure 76: Mexico Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 77: Mexico Market Share, By Engine Power , 2021
Figure 78: Mexico Market Share, By Driveline Type , 2021
Figure 79: Germany Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 80: Germany Market Share, By Engine Power , 2021
Figure 81: Germany Market Share, By Driveline Type , 2021
Figure 82: U.K. Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 83: U.K. Market Share, By Engine Power , 2021
Figure 84: U.K. Market Share, By Driveline Type , 2021
Figure 85: France Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 86: France Market Share, By Engine Power , 2021
Figure 87: France Market Share, By Driveline Type , 2021
Figure 88: Italy Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 89: Italy Market Share, By Engine Power , 2021
Figure 90: Italy Market Share, By Driveline Type , 2021
Figure 91: BENELUX Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 92: BENELUX Market Share, By Engine Power , 2021
Figure 93: BENELUX Market Share, By Driveline Type , 2021
Figure 94: Nordic Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 95: Nordic Countries Market Share, By Engine Power , 2021
Figure 96: Nordic Countries Market Share, By Driveline Type , 2021
Figure 97: China Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 98: China Market Share, By Engine Power , 2021
Figure 99: China Market Share, By Driveline Type , 2021
Figure 100: Japan Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 101: Japan Market Share, By Engine Power , 2021
Figure 102: Japan Market Share, By Driveline Type , 2021
Figure 103: South Korea Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 104: South Korea Market Share, By Engine Power , 2021
Figure 105: South Korea Market Share, By Driveline Type , 2021
Figure 106: GCC Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 107: GCC Countries Market Share, By Engine Power , 2021
Figure 108: GCC Countries Market Share, By Driveline Type , 2021
Figure 109: South Africa Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 110: South Africa Market Share, By Engine Power , 2021
Figure 111: South Africa Market Share, By Driveline Type , 2021
Figure 112: Turkey Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 113: Turkey Market Share, By Engine Power , 2021
Figure 114: Turkey Market Share, By Driveline Type , 2021
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How much is the agricultural tractors industry worth?
As of 2021, the market for agricultural tractors reached nearly US$ 63 Mn
At what rate will the agricultural tractors industry grow from 2022-2032?
The agricultural tractors industry is expected to surpass a CAGR of 6% from 2022-2032.
How much is the agricultural tractors market like to be valued by 2032?
The agricultural tractors market is expected to reach nearly US$ 113 Mn by 2032
What are the key trends driving agricultural tractors sales?
Electrification of tractors along with efficient tractors for smaller farm lands are the key trends driving agricultural tractors sales.
Who are the prominent agricultural tractors market players?
CNH Industrial N.V., Deere & Company, KubotaCorp, International Tractors Ltd, CLAAS KGaAmbH, Escorts Ltd, Mahindra & Mahindra Ltd, AGCO Corp, YanmarCo., Ltd, Tractors and Farm Equipment Ltd are prominent agricultural tractors market players.
Which countries are driving demand for agricultural tractors?
China, India, Greece, Italy and Lithuania are the top five countries driving demand for agricultural tractors.
Which type of engine power is expected to hold the highest share for sales?
Less than 40 HP engine power is expected to hold more than 45% market share for agricultural tractors.
Which type of driveline is expected to hold the highest share for sales?
2 WD tractors are expected to hold more than 75% market share for agricultural tractors.
How much is the Europe agricultural tractors industry worth?
The agricultural tractors industry is expected to possess nearly 40% market share throughout North America.
How much is the Asia Pacific agricultural tractors industry worth?
The agricultural tractors industry is expected to possess nearly 70% market share throughout Asia Pacific.
Agricultural Tractors Market