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Global Agricultural Tractors Market Size study & Forecast, by Engine Power (Less than 40 HP, 41 to 100 HP, More than 100 HP), by Driveline (2WD, 4WD), by Propulsion (Electric, ICE) and Regional Analysis, 2023-2030

March 2024 | 200 pages | ID: G8F4DCEFC9BFEN
Bizwit Research & Consulting LLP

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Global Agricultural Tractors Market is valued at approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Agricultural tractors are versatile and powerful vehicles designed to perform a wide range of tasks in farming and agricultural activities. These vehicles play a pivotal role in mechanizing various agricultural operations, such as plowing, tilling, planting, and harvesting. These machines come in different sizes and configurations to suit the diverse needs of farmers and agricultural operations. Modern agricultural tractors often feature advanced technologies, including GPS guidance systems, precision farming capabilities, and ergonomic designs for enhanced operator comfort. The Agricultural Tractors Market is expanding because of factors such as growing population and food demand, government support and subsidies for adoption of modern tractors, and rising farming activities.

The rising global population and increasing demand for food necessitate higher agricultural productivity. Agricultural tractors enable farmers to cultivate larger areas of land, leading to increased production to meet the growing food demand. According to Harvard Business Review Food demand is expected to increase anywhere between 59% to 98% by 2050, due to the enormous increase in global population. Moreover, many governments worldwide offer support and subsidies to farmers for the adoption of modern agricultural equipment, including tractors. This financial assistance encourages farmers to invest in advanced machinery, driving market growth. In addition, the rising adoption of precision farming practices and ongoing technological innovations in tractor design and functionality are some factors driving the market growth. However, the increasing awareness and regulations related to environmental sustainability stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Agricultural Tractors Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022. The Asia-Pacific (APAC) region, prominently represented by emerging economies such as China and India, holds a leading position in the global agricultural machinery market due to the robust presence of the agricultural sector. Government initiatives in several Asian nations aimed at promoting the adoption of modern farming practices are poised to fuel market expansion in the foreseeable future. The increasing export activities of diverse agricultural products are projected to contribute to the overall growth of the agricultural sector. Consequently, this surge in agricultural activities is expected to generate heightened demand for agricultural tractors across the region. North America is expected to grow significantly over the projected period, The presence of major industry players in the region serves as a key support factor for the market. Technological advancements within these regions are poised to drive the future demand for automated agricultural tractors. Additionally, the rising demand for agricultural products within North America's food and beverage industry is expected to be a significant driver of market growth in the region.

Major market player included in this report are:

AGCO Corp.

CNH Industrial N.V.

Deere & Company

CLAAS KGaAmbH

Escorts Ltd.

International Tractors Ltd.

YanmarCo., Ltd.

KubotaCorp.

Mahindra & Mahindra Ltd.

Tractors and Farm Equipment Ltd.

Recent Developments in the Market:
  • In November 2022, CNH Industrial N.V. entered into a long-term agreement with Monarch Tractor, an AgTech company, to collaboratively develop fully electrified autonomous tractors. This strategic initiative aims to enhance CNH Industrial N.V.'s product portfolio by incorporating cutting-edge technologies in agriculture.
  • In August 2022, AGCO Corporation introduced the latest 700 Vario Series tractors in North America, featuring an enhanced powertrain with FendtiD low engine speed, increased hydraulic capacity, VarioDrive transmission, and a larger frame. This product launch is anticipated to reinforce the company's market standing in the North American region by offering advanced and efficient agricultural machinery.
Global Agricultural Tractors Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Engine Power, Driveline, Propulsion, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Engine Power:

Less than 40 HP

41 to 100 HP

More than 100 HP

By Driveline:

2WD

4WD

By Propulsion:

Electric

ICE

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Agricultural Tractors Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Agricultural Tractors Market, by Engine Power, 2020-2030 (USD Billion)
  1.2.3. Agricultural Tractors Market, by Driveline, 2020-2030 (USD Billion)
  1.2.4. Agricultural Tractors Market, by Propulsion, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL AGRICULTURAL TRACTORS MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL AGRICULTURAL TRACTORS MARKET DYNAMICS

3.1. Agricultural Tractors Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Growing population and food demand
    3.1.1.2. Government support and subsidies for adoption of modern tractors
    3.1.1.3. Rising farming activities
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Agricultural Tractors
    3.1.2.2. Increasing awareness and regulations related to environmental sustainability.
  3.1.3. Market Opportunities
    3.1.3.1. Rising adoption of precision farming practices
    3.1.3.2. Ongoing technological innovations in tractor design and functionality

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
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL AGRICULTURAL TRACTORS MARKET, BY ENGINE POWER

5.1. Market Snapshot
5.2. Global Agricultural Tractors Market by Engine Power, Performance - Potential Analysis
5.3. Global Agricultural Tractors Market Estimates & Forecasts by Engine Power 2020-2030 (USD Billion)
5.4. Agricultural Tractors Market, Sub Segment Analysis
  5.4.1. Less than 40 HP
  5.4.2. 41 to 100 HP
  5.4.3. More than 100 HP

CHAPTER 6. GLOBAL AGRICULTURAL TRACTORS MARKET, BY DRIVELINE

6.1. Market Snapshot
6.2. Global Agricultural Tractors Market by Driveline, Performance - Potential Analysis
6.3. Global Agricultural Tractors Market Estimates & Forecasts by Driveline 2020-2030 (USD Billion)
6.4. Agricultural Tractors Market, Sub Segment Analysis
  6.4.1. 2WD
  6.4.2. 4WD

CHAPTER 7. GLOBAL AGRICULTURAL TRACTORS MARKET, BY PROPULSION

7.1. Market Snapshot
7.2. Global Agricultural Tractors Market by Propulsion, Performance - Potential Analysis
7.3. Global Agricultural Tractors Market Estimates & Forecasts by Propulsion 2020-2030 (USD Billion)
7.4. Agricultural Tractors Market, Sub Segment Analysis
  7.4.1. Electric
  7.4.2. ICE

CHAPTER 8. GLOBAL AGRICULTURAL TRACTORS MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Agricultural Tractors Market, Regional Market Snapshot
8.4. North America Agricultural Tractors Market
  8.4.1. U.S. Agricultural Tractors Market
    8.4.1.1. Engine Power breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Driveline breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Propulsion breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Agricultural Tractors Market
8.5. Europe Agricultural Tractors Market Snapshot
  8.5.1. U.K. Agricultural Tractors Market
  8.5.2. Germany Agricultural Tractors Market
  8.5.3. France Agricultural Tractors Market
  8.5.4. Spain Agricultural Tractors Market
  8.5.5. Italy Agricultural Tractors Market
  8.5.6. Rest of Europe Agricultural Tractors Market
8.6. Asia-Pacific Agricultural Tractors Market Snapshot
  8.6.1. China Agricultural Tractors Market
  8.6.2. India Agricultural Tractors Market
  8.6.3. Japan Agricultural Tractors Market
  8.6.4. Australia Agricultural Tractors Market
  8.6.5. South Korea Agricultural Tractors Market
  8.6.6. Rest of Asia Pacific Agricultural Tractors Market
8.7. Latin America Agricultural Tractors Market Snapshot
  8.7.1. Brazil Agricultural Tractors Market
  8.7.2. Mexico Agricultural Tractors Market
8.8. Middle East & Africa Agricultural Tractors Market
  8.8.1. Saudi Arabia Agricultural Tractors Market
  8.8.2. South Africa Agricultural Tractors Market
  8.8.3. Rest of Middle East & Africa Agricultural Tractors Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. AGCO Corp.
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. CNH Industrial N.V.
  9.3.3. Deere & Company
  9.3.4. CLAAS KGaAmbH
  9.3.5. Escorts Ltd.
  9.3.6. International Tractors Ltd.
  9.3.7. YanmarCo., Ltd.
  9.3.8. KubotaCorp.
  9.3.9. Mahindra & Mahindra Ltd.
  9.3.10. Tractors and Farm Equipment Ltd.

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Agricultural Tractors Market, report scope
TABLE 2. Global Agricultural Tractors Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Agricultural Tractors Market estimates & forecasts by Engine Power 2020-2030 (USD Billion)
TABLE 4. Global Agricultural Tractors Market estimates & forecasts by Driveline 2020-2030 (USD Billion)
TABLE 5. Global Agricultural Tractors Market estimates & forecasts by Propulsion 2020-2030 (USD Billion)
TABLE 6. Global Agricultural Tractors Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Agricultural Tractors Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Agricultural Tractors Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Agricultural Tractors Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Agricultural Tractors Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Agricultural Tractors Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Agricultural Tractors Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Agricultural Tractors Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Agricultural Tractors Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Agricultural Tractors Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Agricultural Tractors Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Agricultural Tractors Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Agricultural Tractors Market
TABLE 71. List of primary sources, used in the study of global Agricultural Tractors Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary 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 Market size estimates & forecast methods
FIG 4. Global Agricultural Tractors Market, key trends 2022
FIG 5. Global Agricultural Tractors Market, growth prospects 2023-2030
FIG 6. Global Agricultural Tractors Market, porters 5 force model
FIG 7. Global Agricultural Tractors Market, pest analysis
FIG 8. Global Agricultural Tractors Market, value chain analysis
FIG 9. Global Agricultural Tractors Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Agricultural Tractors Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Agricultural Tractors Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Agricultural Tractors Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Agricultural Tractors Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Agricultural Tractors Market, regional snapshot 2020 & 2030
FIG 15. North America Agricultural Tractors Market 2020 & 2030 (USD Billion)
FIG 16. Europe Agricultural Tractors Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Agricultural Tractors Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Agricultural Tractors Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Agricultural Tractors Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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