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Global Agricultural Tractors Market Size Study, by Engine Power (Below 40 HP, 40 HP–120 HP, 121 HP–180 HP, 181 HP–250 HP, More Than 250 HP), by Application (Harvesting, Seed Sowing, Irrigation, Others), by Type (ICE, Electric), and Regional Forecasts 2022-2032

October 2024 | 285 pages | ID: G2A6C66C1A80EN
Bizwit Research & Consulting LLP

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The Global Agricultural Tractors market was valued at approximately USD 92.91 billion in 2023 and is projected to grow at a CAGR of 4.9% from 2024 to 2032, reaching USD 144.45 billion by 2032. The increasing adoption of farm mechanization, particularly driven by government support and subsidies, is contributing significantly to the growth of this market. Additionally, the rising demand for compact tractors in small farms and technological advancements, such as autonomous tractors, are fueling the market’s growth. Companies are heavily investing in R&D to develop tractors with enhanced capabilities, such as electric-powered models, to cater to the evolving needs of modern agriculture.

The tractor market has witnessed a surge in demand for high-performance machines designed to work in challenging soil conditions. Manufacturers like Deere & Company, Mahindra & Mahindra Ltd., and VST Tillers & Tractors Ltd. have introduced tractors with power outputs exceeding 100 HP to meet this demand. For instance, Deere & Company’s 8 Family tractor line, launched in 2020, includes cutting-edge models with precision agriculture technology that offers flexibility in configuration, options, and horsepower, significantly boosting the market’s growth.

The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America held a significant market share in 2021, driven by the strong presence of major players and advancements in tractor technology. Meanwhile, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period, with countries like China and India driving the demand for agricultural machinery due to their large farming sectors.

Major market players included in this report are:
CNH Industrial N.V.
Deere & Company
CLAAS KGaA mbH
Escorts Ltd.
International Tractors Ltd.
Yanmar Co., Ltd.
Kubota Corporation
Mahindra & Mahindra Ltd.
Tractors and Farm Equipment Ltd.
ZETOR TRACTORS
JCB Limited
TAFE – Tractors and Farm Equipment Limited
Iseki & Co., Ltd.
LS Mtron Ltd.
Sonalika Group (International Tractors Limited)

The detailed segments and sub-segments of the market are explained below:
By Engine Power:
Below 40 HP
40 HP–120 HP
121 HP–180 HP
181 HP–250 HP
More Than 250 HP

By Application:
Harvesting
Seed Sowing
Irrigation
Others

By Type:
ICE
Electric

By Operation:
Manual Tractor Vehicle
Autonomous Tractor Vehicle

By Driver Type:
2-Wheel Drive
4-Wheel Drive

By Region:
North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.
CHAPTER 1. GLOBAL AGRICULTURAL TRACTORS MARKET EXECUTIVE SUMMARY

1.1. Global Agricultural Tractors Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Engine Power
  1.3.2. By Application
  1.3.3. By Type
  1.3.4. By Operation
  1.3.5. By Driver Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL AGRICULTURAL TRACTORS MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL AGRICULTURAL TRACTORS MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rise in Government Support for Farm Mechanization
  3.1.2. Surge in Demand for Compact Tractors on Small Farms
  3.1.3. Technological Advancements in Agricultural Tractors
3.2. Market Challenges
  3.2.1. High Initial Costs of Advanced Tractors
  3.2.2. Lack of Awareness About Advanced Mechanization in Emerging Markets
3.3. Market Opportunities
  3.3.1. Growing Demand for Autonomous and Electric Tractors
  3.3.2. Expanding Agricultural Machinery Market in Emerging Economies

CHAPTER 4. GLOBAL AGRICULTURAL TRACTORS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL AGRICULTURAL TRACTORS MARKET SIZE & FORECASTS BY ENGINE POWER (2022-2032)

5.1. Segment Dashboard
5.2. Global Agricultural Tractors Market: Engine Power Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Below 40 HP
  5.2.2. 40 HP–120 HP
  5.2.3. 121 HP–180 HP
  5.2.4. 181 HP–250 HP
  5.2.5. More Than 250 HP

CHAPTER 6. GLOBAL AGRICULTURAL TRACTORS MARKET SIZE & FORECASTS BY APPLICATION (2022-2032)

6.1. Segment Dashboard
6.2. Global Agricultural Tractors Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Harvesting
  6.2.2. Seed Sowing
  6.2.3. Irrigation
  6.2.4. Others

CHAPTER 7. GLOBAL AGRICULTURAL TRACTORS MARKET SIZE & FORECASTS BY TYPE (2022-2032)

7.1. Segment Dashboard
7.2. Global Agricultural Tractors Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. ICE
  7.2.2. Electric

CHAPTER 8. GLOBAL AGRICULTURAL TRACTORS MARKET SIZE & FORECASTS BY OPERATION (2022-2032)

8.1. Segment Dashboard
8.2. Global Agricultural Tractors Market: Operation Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  8.2.1. Manual Tractor Vehicle
  8.2.2. Autonomous Tractor Vehicle

CHAPTER 9. GLOBAL AGRICULTURAL TRACTORS MARKET SIZE & FORECASTS BY DRIVER TYPE (2022-2032)

9.1. Segment Dashboard
9.2. Global Agricultural Tractors Market: Driver Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  9.2.1. 2-Wheel Drive
  9.2.2. 4-Wheel Drive

CHAPTER 10. GLOBAL AGRICULTURAL TRACTORS MARKET SIZE & FORECASTS BY REGION (2022-2032)

10.1. North America Agricultural Tractors Market
  10.1.1. U.S. Agricultural Tractors Market
  10.1.2. Canada Agricultural Tractors Market
10.2. Europe Agricultural Tractors Market
  10.2.1. UK Agricultural Tractors Market
  10.2.2. Germany Agricultural Tractors Market
  10.2.3. France Agricultural Tractors Market
  10.2.4. Spain Agricultural Tractors Market
  10.2.5. Italy Agricultural Tractors Market
  10.2.6. Rest of Europe Agricultural Tractors Market
10.3. Asia-Pacific Agricultural Tractors Market
  10.3.1. China Agricultural Tractors Market
  10.3.2. India Agricultural Tractors Market
  10.3.3. Japan Agricultural Tractors Market
  10.3.4. South Korea Agricultural Tractors Market
  10.3.5. Australia Agricultural Tractors Market
  10.3.6. Rest of Asia-Pacific Agricultural Tractors Market
10.4. Latin America Agricultural Tractors Market
  10.4.1. Brazil Agricultural Tractors Market
  10.4.2. Mexico Agricultural Tractors Market
  10.4.3. Rest of Latin America Agricultural Tractors Market
10.5. Middle East & Africa Agricultural Tractors Market
  10.5.1. Saudi Arabia Agricultural Tractors Market
  10.5.2. South Africa Agricultural Tractors Market
  10.5.3. Rest of Middle East & Africa Agricultural Tractors Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Key Company SWOT Analysis
  11.1.1. Company
  11.1.2. Company
  11.1.3. Company
11.2. Top Market Strategies
11.3. Company Profiles
  11.3.1. CNH Industrial N.V.
  11.3.2. Deere & Company
  11.3.3. CLAAS KGaA mbH
  11.3.4. Escorts Ltd.
  11.3.5. International Tractors Ltd.
  11.3.6. Yanmar Co., Ltd.
  11.3.7. Kubota Corporation
  11.3.8. Mahindra & Mahindra Ltd.
  11.3.9. Tractors and Farm Equipment Ltd.
  11.3.10. ZETOR TRACTORS
  11.3.11. JCB Limited
  11.3.12. TAFE – Tractors and Farm Equipment Limited
  11.3.13. Iseki & Co., Ltd.
  11.3.14. LS Mtron Ltd.
  11.3.15. Sonalika Group (International Tractors Limited)

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Agricultural Tractors Market, Report Scope
TABLE 2. Global Agricultural Tractors Market Estimates & Forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Agricultural Tractors Market Estimates & Forecasts by Engine Power 2022-2032 (USD Billion)
TABLE 4. Global Agricultural Tractors Market Estimates & Forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Global Agricultural Tractors Market Estimates & Forecasts by Type 2022-2032 (USD Billion)
TABLE 6. Global Agricultural Tractors Market Estimates & Forecasts by Operation 2022-2032 (USD Billion)
TABLE 7. Global Agricultural Tractors Market Estimates & Forecasts by Driver Type 2022-2032 (USD Billion)
TABLE 8. North America Agricultural Tractors Market by Engine Power (USD Billion)
TABLE 9. North America Agricultural Tractors Market by Application (USD Billion)
TABLE 10. Europe Agricultural Tractors Market by Engine Power (USD Billion)
TABLE 11. Europe Agricultural Tractors Market by Application (USD Billion)
TABLE 12. Asia-Pacific Agricultural Tractors Market by Engine Power (USD Billion)
TABLE 13. Asia-Pacific Agricultural Tractors Market by Application (USD Billion)
TABLE 14. Latin America Agricultural Tractors Market by Engine Power (USD Billion)
TABLE 15. Latin America Agricultural Tractors Market by Application (USD Billion)
TABLE 16. Middle East & Africa Agricultural Tractors Market by Engine Power (USD Billion)
TABLE 17. Middle East & Africa Agricultural Tractors Market by Application (USD Billion)
"This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable."

LIST OF FIGURES

FIG 1. Global Agricultural Tractors Market Research Methodology
FIG 2. Global Agricultural Tractors Market, Market Estimation Techniques
FIG 3. Global Agricultural Tractors Market Size Estimates & Forecast Methods
FIG 4. Global Agricultural Tractors Market Key Trends 2023
FIG 5. Global Agricultural Tractors Market Growth Prospects (2022-2032)
FIG 6. Global Agricultural Tractors Market, Porter’s 5 Force Model
FIG 7. Global Agricultural Tractors Market, PESTEL Analysis
FIG 8. Global Agricultural Tractors Market Value Chain Analysis
FIG 9. Global Agricultural Tractors Market by Engine Power (2022 & 2032) (USD Billion)
FIG 10. Global Agricultural Tractors Market by Application (2022 & 2032) (USD Billion)
FIG 11. North America Agricultural Tractors Market by Engine Power (USD Billion)
FIG 12. Europe Agricultural Tractors Market by Application (USD Billion)
FIG 13. Asia-Pacific Agricultural Tractors Market, Growth Analysis (USD Billion)
FIG 14. Latin America Agricultural Tractors Market by Engine Power (USD Billion)
FIG 15. Middle East & Africa Agricultural Tractors Market by Application (USD Billion)
FIG 16. Global Agricultural Tractors Market, Competitive Landscape
FIG 17. North America Agricultural Tractors Market, Company Market Share Analysis
FIG 18. Europe Agricultural Tractors Market, Company Market Share Analysis
FIG 19. Asia-Pacific Agricultural Tractors Market, Company Market Share Analysis
FIG 20. Global Agricultural Tractors Market, Company Market Share Analysis (2023)
"This list is not complete; the final report contains more than 50 figures. The list may be updated in the final deliverable."


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