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Compact Tractors Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Capacity (Below 30 HP, 30 HP-40 HP, and 40 HP-60 HP), Drive Type (Two-Wheel Drive and Four-Wheel Drive), and End Use (Agriculture and Utility)

October 2023 | 160 pages | ID: CA76C8FEBAF1EN
The Insight Partners

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The compact tractors market was valued at US$ 7,456.22 million in 2022 and is projected to reach US$ 10,254.43 million by 2030; it is expected to record a CAGR of 4.1% from 2022 to 2030.

The US is one of the key countries for compact tractors, followed by Canada in North America. The increasing demand for small-sized, cost-effective, yet efficient tractors in agricultural and utility sectors is fueling the growth of the compact tractors market in North America.

In the Middle East and Africa, South Africa, Saudi Arabia, and the UAE are major countries for compact tractors. Growing technological advancements in the agricultural sector and increasing inclination toward replacing human intervention with machinery are boosting the demand for compact tractors in the Middle East and Africa.

Brazil and Argentina are major countries in the compact tractors market in South and Central America. The small size of compact tractors is ideal for vineyards and orchards as it can be fitted into narrow spaces. Compact tractors can perform routine duties such as transporting feed and hay or cleaning stalls for livestock, making the farmers' work easier. Compact tractors are also used for residential and commercial landscaping of gardens. The increasing demand for budget-friendly yet efficient tractors is fueling the compact tractors market growth in South America.

The key manufacturers in the compact tractors market are focusing on adopting collaboration and partnership strategies to boost their respective reach and expand their business portfolio across different regions.

For instance,
  • In 2022, Argo Tractors signed a partnership with xFarm Technologies, a technology firm committed to the digitalization of the agri-food sector, to address the difficulties of environmental and economic sustainability, as well as greater productivity, in present and future agriculture. The two firms had collaborated on a new digitization initiative, which was boosted by their expertise in cutting-edge agricultural mechanisation as well as data analysis, processing, and application.
  • In 2022, LS Mtron Ltd, the LS Group's industrial machinery and advanced parts manufacturer, signed a tractor supplier agreement worth approximately KRW 500 billion (28,500 units) with CNH Industrial, the world's second-largest agricultural machine manufacturer, from 2023 to 2025.
  • Moreover, in 2022, Argo Tractors, signed a significant collaboration deal with the Landini, McCormick, and Valpadana brands and IPSO TARIM AS, Turkey's new importer of McCormick tractors. Under this agreement, the company increased and optimized the distribution of McCormick products and services in Turkey.
  • Furthermore, in 2021, DEUTZ and SDF had extended their partnership for supplying engines and focused on enlarging the service business between companies. The supply agreement covers engines in both the sub-4 liter and above-4 liter ranges. SDF provided a completely new tractor line equipped with the EU Stage V compatible DEUTZ TCD 3.6 engine in 2021 and delivered DEUTZ TCD 4.1, 6.1, and 7.8 engines.
Such rising developments in the field of compact tractors are likely to provide new growth opportunities for market vendors during the forecast period.

AGCO Corporation, Agro Tractors S.p.A, CNH Industrial N.V., Deere and Company, Deutz Fahr, Iseki and Co. Ltd., Kubota Corporation, LS Tractors, Mahindra and Mahindra Ltd., and Yanmar Holdings Co. Ltd are among the key compact tractors market players.

The overall compact tractors market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the compact tractors market size with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants—such as valuation experts, research analysts, and key opinion leaders—specializing in the compact tractors market.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. COMPACT TRACTORS MARKET LANDSCAPE

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
  4.3.1 Raw Material Suppliers/Component Suppliers
  4.3.2 Compact Tractors Manufacturer
  4.3.3 End User

5. COMPACT TRACTORS MARKET - KEY INDUSTRY DYNAMICS

5.1 Compact Tractors Market - Key Industry Dynamics
5.2 Market Drivers
  5.2.1 Increase in Technological Advancements in Agricultural Sector
  5.2.2 Use of Compact Tractors in Animal Management, Driveway Maintenance, and Lawn Care
  5.2.3 Increase in Number of Small-Scale Agricultural Farms
5.3 Market Restraints
  5.3.1 Operational Limitations of Compact Tractors
5.4 Market Opportunities
  5.4.1 Use of Compact Tractors in Various End-Use Applications
5.5 Future Trends
  5.5.1 Electrification of Compact Tractors
5.6 Impact of Drivers and Restraints:

6. COMPACT TRACTORS MARKET - GLOBAL MARKET ANALYSIS

6.1 Compact Tractors Market Revenue (US$ Million), 2022 – 2030
6.2 Compact Tractors Market Forecast and Analysis

7. COMPACT TRACTORS MARKET ANALYSIS – CAPACITY

7.1 Compact Tractors Market, By Capacity (2022 and 2030)
7.2 Below 30 HP
  7.2.1 Overview
  7.2.2 Below 30 HP Market, Revenue and Forecast to 2030 (US$ Million)
7.3 HP - 40 HP
  7.3.1 Overview
  7.3.2 HP - 40 HP Market, Revenue and Forecast to 2030 (US$ Million)
7.4 HP - 60 HP
  7.4.1 Overview
  7.4.2 HP - 60 HP Market, Revenue and Forecast to 2030 (US$ Million)

8. COMPACT TRACTORS MARKET ANALYSIS – DRIVE TYPE

8.1 Compact Tractors Market, By Drive Type (2022 and 2030)
8.2 Two-Wheel Drive
  8.2.1 Overview
  8.2.2 Two-Wheel Drive Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Four-Wheel Drive
  8.3.1 Overview
  8.3.2 Four-Wheel Drive Market, Revenue and Forecast to 2030 (US$ Million)

9. COMPACT TRACTORS MARKET ANALYSIS – END USE

9.1 Compact Tractors Market, By End Use (2022 and 2030)
9.2 Agriculture
  9.2.1 Overview
  9.2.2 Agriculture Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Utility
  9.3.1 Overview
  9.3.2 Utility Market, Revenue and Forecast to 2030 (US$ Million)

10. COMPACT TRACTORS MARKET - GEOGRAPHICAL ANALYSIS

10.1 Overview
10.2 North America
  10.2.1 North America Compact Tractors Market Overview
  10.2.2 North America Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
  10.2.3 North America Compact Tractors Market Breakdown by Capacity
    10.2.3.1 North America Compact Tractors Market Revenue and Forecasts and Analysis - By Capacity
  10.2.4 North America Compact Tractors Market Breakdown by Drive Type
    10.2.4.1 North America Compact Tractors Market Revenue and Forecasts and Analysis - By Drive Type
  10.2.5 North America Compact Tractors Market Breakdown by End Use
    10.2.5.1 North America Compact Tractors Market Revenue and Forecasts and Analysis - By End Use
  10.2.6 North America Compact Tractors Market Revenue and Forecasts and Analysis - By Country
    10.2.6.1 US Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.2.6.1.1 US Compact Tractors Market Breakdown by Capacity
      10.2.6.1.2 US Compact Tractors Market Breakdown by Drive Type
      10.2.6.1.3 US Compact Tractors Market Breakdown by End Use
    10.2.6.2 Canada Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.2.6.2.1 Canada Compact Tractors Market Breakdown by Capacity
      10.2.6.2.2 Canada Compact Tractors Market Breakdown by Drive Type
      10.2.6.2.3 Canada Compact Tractors Market Breakdown by End Use
    10.2.6.3 Mexico Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.2.6.3.1 Mexico Compact Tractors Market Breakdown by Capacity
      10.2.6.3.2 Mexico Compact Tractors Market Breakdown by Drive Type
      10.2.6.3.3 Mexico Compact Tractors Market Breakdown by End Use
10.3 Europe
  10.3.1 Europe Compact Tractors Market Overview
  10.3.2 Europe Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
  10.3.3 Europe Compact Tractors Market Breakdown by Capacity
    10.3.3.1 Europe Compact Tractors Market Revenue and Forecasts and Analysis - By Capacity
  10.3.4 Europe Compact Tractors Market Breakdown by Drive Type
    10.3.4.1 Europe Compact Tractors Market Revenue and Forecasts and Analysis - By Drive Type
  10.3.5 Europe Compact Tractors Market Breakdown by End Use
    10.3.5.1 Europe Compact Tractors Market Revenue and Forecasts and Analysis - By End Use
  10.3.6 Europe Compact Tractors Market Revenue and Forecasts and Analysis - By Country
    10.3.6.1 Germany Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.3.6.1.1 Germany Compact Tractors Market Breakdown by Capacity
      10.3.6.1.2 Germany Compact Tractors Market Breakdown by Drive Type
      10.3.6.1.3 Germany Compact Tractors Market Breakdown by End Use
    10.3.6.2 France Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.3.6.2.1 France Compact Tractors Market Breakdown by Capacity
      10.3.6.2.2 France Compact Tractors Market Breakdown by Drive Type
      10.3.6.2.3 France Compact Tractors Market Breakdown by End Use
    10.3.6.3 Italy Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.3.6.3.1 Italy Compact Tractors Market Breakdown by Capacity
      10.3.6.3.2 Italy Compact Tractors Market Breakdown by Drive Type
      10.3.6.3.3 Italy Compact Tractors Market Breakdown by End Use
    10.3.6.4 UK Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.3.6.4.1 UK Compact Tractors Market Breakdown by Capacity
      10.3.6.4.2 UK Compact Tractors Market Breakdown by Drive Type
      10.3.6.4.3 UK Compact Tractors Market Breakdown by End Use
    10.3.6.5 Russia Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.3.6.5.1 Russia Compact Tractors Market Breakdown by Capacity
      10.3.6.5.2 Russia Compact Tractors Market Breakdown by Drive Type
      10.3.6.5.3 Russia Compact Tractors Market Breakdown by End Use
    10.3.6.6 Rest of Europe Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.3.6.6.1 Rest of Europe Compact Tractors Market Breakdown by Capacity
      10.3.6.6.2 Rest of Europe Compact Tractors Market Breakdown by Drive Type
      10.3.6.6.3 Rest of Europe Compact Tractors Market Breakdown by End Use
10.4 Asia Pacific Compact Tractors Market
  10.4.1 Overview
  10.4.2 Asia Pacific Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
  10.4.3 Asia Pacific Compact Tractors Market Breakdown by Capacity
    10.4.3.1 Asia Pacific Compact Tractors Market Revenue and Forecasts and Analysis - By Capacity
  10.4.4 Asia Pacific Compact Tractors Market Breakdown by Drive Type
    10.4.4.1 Asia Pacific Compact Tractors Market Revenue and Forecasts and Analysis - By Drive Type
  10.4.5 Asia Pacific Compact Tractors Market Breakdown by End Use
    10.4.5.1 Asia Pacific Compact Tractors Market Revenue and Forecasts and Analysis - By End Use
  10.4.6 Asia Pacific Compact Tractors Market Revenue and Forecasts and Analysis - By Country
    10.4.6.1 Australia Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.4.6.1.1 Australia Compact Tractors Market Breakdown by Capacity
      10.4.6.1.2 Australia Compact Tractors Market Breakdown by Drive Type
      10.4.6.1.3 Australia Compact Tractors Market Breakdown by End Use
    10.4.6.2 China Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.4.6.2.1 China Compact Tractors Market Breakdown by Capacity
      10.4.6.2.2 China Compact Tractors Market Breakdown by Drive Type
      10.4.6.2.3 China Compact Tractors Market Breakdown by End Use
    10.4.6.3 India Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.4.6.3.1 India Compact Tractors Market Breakdown by Capacity
      10.4.6.3.2 India Compact Tractors Market Breakdown by Drive Type
      10.4.6.3.3 India Compact Tractors Market Breakdown by End Use
    10.4.6.4 Japan Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.4.6.4.1 Japan Compact Tractors Market Breakdown by Capacity
      10.4.6.4.2 Japan Compact Tractors Market Breakdown by Drive Type
      10.4.6.4.3 Japan Compact Tractors Market Breakdown by End Use
    10.4.6.5 South Korea Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.4.6.5.1 South Korea Compact Tractors Market Breakdown by Capacity
      10.4.6.5.2 South Korea Compact Tractors Market Breakdown by Drive Type
      10.4.6.5.3 South Korea Compact Tractors Market Breakdown by End Use
    10.4.6.6 Rest of APAC Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.4.6.6.1 Rest of APAC Compact Tractors Market Breakdown by Capacity
      10.4.6.6.2 Rest of APAC Compact Tractors Market Breakdown by Drive Type
      10.4.6.6.3 Rest of APAC Compact Tractors Market Breakdown by End Use
10.5 Middle East & Africa
  10.5.1 Middle East & Africa Compact Tractors Market Overview
  10.5.2 Middle East & Africa Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
  10.5.3 Middle East & Africa Compact Tractors Market Breakdown by Capacity
    10.5.3.1 Middle East & Africa Compact Tractors Market Revenue and Forecasts and Analysis - By Capacity
  10.5.4 Middle East & Africa Compact Tractors Market Breakdown by Drive Type
    10.5.4.1 Middle East & Africa Compact Tractors Market Revenue and Forecasts and Analysis - By Drive Type
  10.5.5 Middle East & Africa Compact Tractors Market Breakdown by End Use
    10.5.5.1 Middle East & Africa Compact Tractors Market Revenue and Forecasts and Analysis - By End Use
  10.5.6 Middle East & Africa Compact Tractors Market Revenue and Forecasts and Analysis - By Country
    10.5.6.1 South Africa Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.5.6.1.1 South Africa Compact Tractors Market Breakdown by Capacity
      10.5.6.1.2 South Africa Compact Tractors Market Breakdown by Drive Type
      10.5.6.1.3 South Africa Compact Tractors Market Breakdown by End Use
    10.5.6.2 Saudi Arabia Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.5.6.2.1 Saudi Arabia Compact Tractors Market Breakdown by Capacity
      10.5.6.2.2 Saudi Arabia Compact Tractors Market Breakdown by Drive Type
      10.5.6.2.3 Saudi Arabia Compact Tractors Market Breakdown by End Use
    10.5.6.3 UAE Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.5.6.3.1 UAE Compact Tractors Market Breakdown by Capacity
      10.5.6.3.2 UAE Compact Tractors Market Breakdown by Drive Type
      10.5.6.3.3 UAE Compact Tractors Market Breakdown by End Use
    10.5.6.4 Rest of MEA Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.5.6.4.1 Rest of MEA Compact Tractors Market Breakdown by Capacity
      10.5.6.4.2 Rest of MEA Compact Tractors Market Breakdown by Drive Type
      10.5.6.4.3 Rest of MEA Compact Tractors Market Breakdown by End Use
10.6 South America
  10.6.1 South America Compact Tractors Market Overview
  10.6.2 South America Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
  10.6.3 South America Compact Tractors Market Breakdown by Capacity
    10.6.3.1 South America Compact Tractors Market Revenue and Forecasts and Analysis - By Capacity
  10.6.4 South America Compact Tractors Market Breakdown by Drive Type
    10.6.4.1 South America Compact Tractors Market Revenue and Forecasts and Analysis - By Drive Type
  10.6.5 South America Compact Tractors Market Breakdown by End Use
    10.6.5.1 South America Compact Tractors Market Revenue and Forecasts and Analysis - By End Use
  10.6.6 South America Compact Tractors Market Revenue and Forecasts and Analysis - By Country
    10.6.6.1 Brazil Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.6.6.1.1 Brazil Compact Tractors Market Breakdown by Capacity
      10.6.6.1.2 Brazil Compact Tractors Market Breakdown by Drive Type
      10.6.6.1.3 Brazil Compact Tractors Market Breakdown by End Use
    10.6.6.2 Argentina Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.6.6.2.1 Argentina Compact Tractors Market Breakdown by Capacity
      10.6.6.2.2 Argentina Compact Tractors Market Breakdown by Drive Type
      10.6.6.2.3 Argentina Compact Tractors Market Breakdown by End Use
    10.6.6.3 Rest of SAM Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
      10.6.6.3.1 Rest of SAM Compact Tractors Market Breakdown by Capacity
      10.6.6.3.2 Rest of SAM Compact Tractors Market Breakdown by Drive Type
      10.6.6.3.3 Rest of SAM Compact Tractors Market Breakdown by End Use

11. COMPACT TRACTORS MARKET – IMPACT OF COVID-19 PANDEMIC

11.1 Pre & Post Covid-19 Impact

12. COMPETITIVE LANDSCAPE

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13. INDUSTRY LANDSCAPE

13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition

14. COMPANY PROFILES

14.1 Argo Tractors SpA
  14.1.1 Key Facts
  14.1.2 Business Description
  14.1.3 Products and Services
  14.1.4 Financial Overview
  14.1.5 SWOT Analysis
  14.1.6 Key Developments
14.2 Same Deutz-Fahr Italia SpA
  14.2.1 Key Facts
  14.2.2 Business Description
  14.2.3 Products and Services
  14.2.4 Financial Overview
  14.2.5 SWOT Analysis
  14.2.6 Key Developments
14.3 Iseki and Co Ltd
  14.3.1 Key Facts
  14.3.2 Business Description
  14.3.3 Products and Services
  14.3.4 Financial Overview
  14.3.5 SWOT Analysis
  14.3.6 Key Developments
14.4 LS Mitron Ltd
  14.4.1 Key Facts
  14.4.2 Business Description
  14.4.3 Products and Services
  14.4.4 Financial Overview
  14.4.5 SWOT Analysis
  14.4.6 Key Developments
14.5 Yanmar Holdings Co Ltd
  14.5.1 Key Facts
  14.5.2 Business Description
  14.5.3 Products and Services
  14.5.4 Financial Overview
  14.5.5 SWOT Analysis
  14.5.6 Key Developments
14.6 AGCO Corp
  14.6.1 Key Facts
  14.6.2 Business Description
  14.6.3 Products and Services
  14.6.4 Financial Overview
  14.6.5 SWOT Analysis
  14.6.6 Key Developments
14.7 CNH Industrial NV
  14.7.1 Key Facts
  14.7.2 Business Description
  14.7.3 Products and Services
  14.7.4 Financial Overview
  14.7.5 SWOT Analysis
  14.7.6 Key Developments
14.8 Deere & Co
  14.8.1 Key Facts
  14.8.2 Business Description
  14.8.3 Products and Services
  14.8.4 Financial Overview
  14.8.5 SWOT Analysis
  14.8.6 Key Developments
14.9 Kubota Corp
  14.9.1 Key Facts
  14.9.2 Business Description
  14.9.3 Products and Services
  14.9.4 Financial Overview
  14.9.5 SWOT Analysis
  14.9.6 Key Developments
14.10 Mahindra & Mahindra Ltd
  14.10.1 Key Facts
  14.10.2 Business Description
  14.10.3 Products and Services
  14.10.4 Financial Overview
  14.10.5 SWOT Analysis
  14.10.6 Key Developments

15. APPENDIX

15.1 About The Insight Partners


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