Electric Tractor Market by Propulsion (Battery, Hybrid & Hydrogen), Capacity (<50, 51–100 & >100kWh), Chemistry (LFP & NMC), Hybrid Tractor (<50, 51–100 & >100HP), Function (Agriculture, Utility & Industrial) and Region - Global Forecast to 2030
The electric tractor market is estimated to grow from USD 0.7 billion in 2024 to USD 3.4 billion by 2030, at a CAGR of 28.3%.
The increasing demand for precision agriculture, stringent emission norms and regulations, development in battery technology, and customized electric tractors used in greenhouses, vineyards, & dairy applications will drive the electric tractors market in coming years. In addition, OEMs are showcasing their prototypes for hybrid, hydrogen, and electric tractors, creating a lucrative environment for the widespread adoption of electric tractors globally.
'The 51–100 HP hybrid electric tractor segment would be the fastest-growing market.'
Hybrid tractors with 51-100 HP power output have a wide range of offerings, efficiency, and versatility, which makes them ideal for small to medium-sized farms and diverse agricultural tasks. These hybrids integrate diesel engines with electric power systems, reducing fuel consumption and emissions while maintaining performance. Hybrid tractors are commonly used in the Americas and Europe to cater to mixed farming and livestock operations, aligning with sustainability goals and regulatory requirements. Mixed farming involves various tasks such as fieldwork, planting, harvesting, and livestock management, where 51-100 HP hybrid tractors offer the versatility needed to perform these tasks efficiently, making them ideal for mixed farming operations where flexibility is essential.
Mixed farming is widespread in North America, particularly in regions with a temperate climate conducive to crop cultivation and livestock grazing. States like Lowa, Nebraska, & Kansas, known for their corn and soybean production alongside beef and dairy farming, are prime markets for 51-100 HP hybrid tractors. Also, some European countries, like France, Germany, and the UK, have a long history of mixed farming practices. Europe also has some major vital players who are into manufacturing hybrid tractors named Landini, AUGA, Steyr, Antonio Carraro, HAV, and International Tractors Limited, who are continuously innovating and introducing advanced hybrid tractors tailored to the needs of European farmers. For instance, companies like Antonio Carraro launched the TTR 7600 Infinity, a wide-track, reversible drive tractor with a hybrid mechanical-hydrostatic transmission. It has a 75 HP Kohler turbo STAGE 5, 4-cylinder engine, 16V, and 2482 cc. Also, Landini showcased the REX4 Electra at EIMA 2021 in October 2021. This hybrid electric tractor had a nominal output of 50kW (67HP). Adding further, an Indian company named HAV also launched its three models, S1 Series 45, S1 Series 50, and S1 Series 55, hybrid electric tractors in August 2021. This vehicle reduces emissions to some extent and increases fuel efficiency.
Moreover, advancements in battery technology and electric drivetrain systems drive the growth of hybrid electric tractors in this segment. These examples showcase the growing interest and investment in hybrid electric tractor technology, paving the way for a more sustainable future in agriculture.
'<50 kWh battery capacity segment holds the second largest market in the electric tractor market.'
Electric tractors with battery capacities below 50 kWh are often designed for light to moderate-duty applications, such as landscaping, small-scale farming, and specialty crop production. These tractors are typically used on smaller farms, orchards, vineyards, and urban agriculture settings where compact size and maneuverability are prioritized. While they have limited range and power compared to larger models, they offer agility and ease of use. Furthermore, electric tractors in this battery capacity range often come at a lower price, making them more accessible to small-scale farmers.
India, China, and the US hold smaller farming lands, which have a significant demand for compact and affordable agricultural machinery tailored to the needs of small-scale farmers. <50 kWh electric tractors offer an ideal solution, providing maneuverability and lower upfront costs compared to larger models, thus aligning well with the scale and requirements of smallholder operations. OEMS from this region have launched some electric tractor models. For instance, Escot Kubota launched FT25G, a 25 HP electric tractor for small farms, in August 2020. Solectrac e25G Gear, a 25HP electric tractor, offers versatility and eco-friendliness at an accessible price point and power.
The infrastructure for fast-charging high-capacity batteries in rural areas, where these tractors are primarily used, still needs to be improved. Smaller batteries can be charged using existing infrastructure, making them a more feasible option in the current landscape. Hence, the <51 kWh battery capacity segment in electric tractors will rapidly expand due to its optimal power range, technological advancements, and supportive regulatory environment.
'Asia Pacific is the second largest electric tractor market globally.'
The Asia Pacific region is emerging as a significant driver of the electric tractor market, fueled by several factors. Firstly, the region's rapidly expanding agricultural sector, particularly in countries like India and China, presents a substantial market opportunity for electric tractors. Moreover, government initiatives and policies aimed at promoting electric vehicles and reducing carbon emissions are providing a significant impetus to the electric tractor market in the Asia Pacific region. Countries like India and China will start giving subsidies, incentives, and tax breaks in coming years to encourage the electric tractors. .
China has also witnessed a surge in electric tractor production, with several domestic manufacturers entering the market. Companies like YTO Group and Foton Lovol are developing and launching new electric tractor models. Some recent developments in the Asia Pacific region for electric and hydrogen tractors showcase the exploration of hydrogen fuel cell technology from key players in the Asia Pacific region. For instance, TAFE, an Indian tractor manufacturer, unveiled a concept hydrogen tractor at the Agritechnica trade fair in 2023, held in Hannover, Germany. This tractor is still in the early stages of development. Still, it highlights the growing interest in hydrogen-powered agricultural equipment and showcases the potential to reduce emissions in the farming sector. Also, Chinese companies like Sinohytec and Weichai Power are developing and testing hydrogen tractor prototypes.
Moreover, Jiangsu Yueda Intelligent Agricultural Equipment Co, Ltd also showcased their electric tractor model YL254-ET, a battery electric tractor priced around USD 13,000 - 14,000. Kubota Corporation (Japan) has also released a prototype of a fuel cell tractor in 2023 and launch the world's first hydrogen-powered fuel cell tractor in 2025. The medium to large tractors will have 50 to 100 horsepower. Some of the primary industry players from the Asia-Pacific region include Yanmar Holdings Co. Ltd, YTO Group, Kubota Corporation, TAFE, ITL, Sonalika, HAV, and AutoNXT Automation Pvt Ltd. Overall, the Asia-Pacific region presents a promising future for the electric tractor market due to a combination of growing demand, supportive government policies and increasing awareness of sustainable practices. However, overcoming challenges like affordability and infrastructure development will be vital for widespread adoption in the region.
The break-up of the profile of primary participants in the automotive smart antenna market:
By Companies: OEMs - 80%, Tier 1 – 20%
By Designation: Directors- 20%, C-Level Executives - 50%, Manager level - 30%
By Region: North America - 20%, Europe – 30%, APAC - 40%, and Rest of the World – 10%
Global players dominate the electric tractor market and comprise several regional players. The key players in the electric tractor market are Kubota Corporation (Japan), Solectrac (US), AGCO Corporation (US), CNH Industries NV (Netherlands), and Escorts Kubota Limited (India).
Research Coverage:
The Electric tractor market by Propulsion (Battery Electric, Hybrid Electric, Hydrogen), By Battery Chemistry (Lithium Iron Phosphate (LFP), Lithium nickel manganese cobalt oxides (LI-NMC), Others), Hybrid Electric Tractor Market, By Power Output (<50 HP, 51-100 HP, and >100 HP), By Battery Capacity (<50 KWh, 51-100 KWh, and >100 KWh), By Function (Agriculture & Forestry, Utility, and Industrial), By Region (Asia Pacific, Europe, and Americas).
The report's scope covers detailed information regarding the major factors influencing the growth of the electric tractor market. A detailed analysis of the key industry players has provided insights into their business overview, products, key strategies, contracts, partnerships, agreements, new product launches, mergers and acquisitions, recession impact, and recent electric tractor market developments.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall electric tractor market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
The increasing demand for precision agriculture, stringent emission norms and regulations, development in battery technology, and customized electric tractors used in greenhouses, vineyards, & dairy applications will drive the electric tractors market in coming years. In addition, OEMs are showcasing their prototypes for hybrid, hydrogen, and electric tractors, creating a lucrative environment for the widespread adoption of electric tractors globally.
'The 51–100 HP hybrid electric tractor segment would be the fastest-growing market.'
Hybrid tractors with 51-100 HP power output have a wide range of offerings, efficiency, and versatility, which makes them ideal for small to medium-sized farms and diverse agricultural tasks. These hybrids integrate diesel engines with electric power systems, reducing fuel consumption and emissions while maintaining performance. Hybrid tractors are commonly used in the Americas and Europe to cater to mixed farming and livestock operations, aligning with sustainability goals and regulatory requirements. Mixed farming involves various tasks such as fieldwork, planting, harvesting, and livestock management, where 51-100 HP hybrid tractors offer the versatility needed to perform these tasks efficiently, making them ideal for mixed farming operations where flexibility is essential.
Mixed farming is widespread in North America, particularly in regions with a temperate climate conducive to crop cultivation and livestock grazing. States like Lowa, Nebraska, & Kansas, known for their corn and soybean production alongside beef and dairy farming, are prime markets for 51-100 HP hybrid tractors. Also, some European countries, like France, Germany, and the UK, have a long history of mixed farming practices. Europe also has some major vital players who are into manufacturing hybrid tractors named Landini, AUGA, Steyr, Antonio Carraro, HAV, and International Tractors Limited, who are continuously innovating and introducing advanced hybrid tractors tailored to the needs of European farmers. For instance, companies like Antonio Carraro launched the TTR 7600 Infinity, a wide-track, reversible drive tractor with a hybrid mechanical-hydrostatic transmission. It has a 75 HP Kohler turbo STAGE 5, 4-cylinder engine, 16V, and 2482 cc. Also, Landini showcased the REX4 Electra at EIMA 2021 in October 2021. This hybrid electric tractor had a nominal output of 50kW (67HP). Adding further, an Indian company named HAV also launched its three models, S1 Series 45, S1 Series 50, and S1 Series 55, hybrid electric tractors in August 2021. This vehicle reduces emissions to some extent and increases fuel efficiency.
Moreover, advancements in battery technology and electric drivetrain systems drive the growth of hybrid electric tractors in this segment. These examples showcase the growing interest and investment in hybrid electric tractor technology, paving the way for a more sustainable future in agriculture.
'<50 kWh battery capacity segment holds the second largest market in the electric tractor market.'
Electric tractors with battery capacities below 50 kWh are often designed for light to moderate-duty applications, such as landscaping, small-scale farming, and specialty crop production. These tractors are typically used on smaller farms, orchards, vineyards, and urban agriculture settings where compact size and maneuverability are prioritized. While they have limited range and power compared to larger models, they offer agility and ease of use. Furthermore, electric tractors in this battery capacity range often come at a lower price, making them more accessible to small-scale farmers.
India, China, and the US hold smaller farming lands, which have a significant demand for compact and affordable agricultural machinery tailored to the needs of small-scale farmers. <50 kWh electric tractors offer an ideal solution, providing maneuverability and lower upfront costs compared to larger models, thus aligning well with the scale and requirements of smallholder operations. OEMS from this region have launched some electric tractor models. For instance, Escot Kubota launched FT25G, a 25 HP electric tractor for small farms, in August 2020. Solectrac e25G Gear, a 25HP electric tractor, offers versatility and eco-friendliness at an accessible price point and power.
The infrastructure for fast-charging high-capacity batteries in rural areas, where these tractors are primarily used, still needs to be improved. Smaller batteries can be charged using existing infrastructure, making them a more feasible option in the current landscape. Hence, the <51 kWh battery capacity segment in electric tractors will rapidly expand due to its optimal power range, technological advancements, and supportive regulatory environment.
'Asia Pacific is the second largest electric tractor market globally.'
The Asia Pacific region is emerging as a significant driver of the electric tractor market, fueled by several factors. Firstly, the region's rapidly expanding agricultural sector, particularly in countries like India and China, presents a substantial market opportunity for electric tractors. Moreover, government initiatives and policies aimed at promoting electric vehicles and reducing carbon emissions are providing a significant impetus to the electric tractor market in the Asia Pacific region. Countries like India and China will start giving subsidies, incentives, and tax breaks in coming years to encourage the electric tractors. .
China has also witnessed a surge in electric tractor production, with several domestic manufacturers entering the market. Companies like YTO Group and Foton Lovol are developing and launching new electric tractor models. Some recent developments in the Asia Pacific region for electric and hydrogen tractors showcase the exploration of hydrogen fuel cell technology from key players in the Asia Pacific region. For instance, TAFE, an Indian tractor manufacturer, unveiled a concept hydrogen tractor at the Agritechnica trade fair in 2023, held in Hannover, Germany. This tractor is still in the early stages of development. Still, it highlights the growing interest in hydrogen-powered agricultural equipment and showcases the potential to reduce emissions in the farming sector. Also, Chinese companies like Sinohytec and Weichai Power are developing and testing hydrogen tractor prototypes.
Moreover, Jiangsu Yueda Intelligent Agricultural Equipment Co, Ltd also showcased their electric tractor model YL254-ET, a battery electric tractor priced around USD 13,000 - 14,000. Kubota Corporation (Japan) has also released a prototype of a fuel cell tractor in 2023 and launch the world's first hydrogen-powered fuel cell tractor in 2025. The medium to large tractors will have 50 to 100 horsepower. Some of the primary industry players from the Asia-Pacific region include Yanmar Holdings Co. Ltd, YTO Group, Kubota Corporation, TAFE, ITL, Sonalika, HAV, and AutoNXT Automation Pvt Ltd. Overall, the Asia-Pacific region presents a promising future for the electric tractor market due to a combination of growing demand, supportive government policies and increasing awareness of sustainable practices. However, overcoming challenges like affordability and infrastructure development will be vital for widespread adoption in the region.
The break-up of the profile of primary participants in the automotive smart antenna market:
By Companies: OEMs - 80%, Tier 1 – 20%
By Designation: Directors- 20%, C-Level Executives - 50%, Manager level - 30%
By Region: North America - 20%, Europe – 30%, APAC - 40%, and Rest of the World – 10%
Global players dominate the electric tractor market and comprise several regional players. The key players in the electric tractor market are Kubota Corporation (Japan), Solectrac (US), AGCO Corporation (US), CNH Industries NV (Netherlands), and Escorts Kubota Limited (India).
Research Coverage:
The Electric tractor market by Propulsion (Battery Electric, Hybrid Electric, Hydrogen), By Battery Chemistry (Lithium Iron Phosphate (LFP), Lithium nickel manganese cobalt oxides (LI-NMC), Others), Hybrid Electric Tractor Market, By Power Output (<50 HP, 51-100 HP, and >100 HP), By Battery Capacity (<50 KWh, 51-100 KWh, and >100 KWh), By Function (Agriculture & Forestry, Utility, and Industrial), By Region (Asia Pacific, Europe, and Americas).
The report's scope covers detailed information regarding the major factors influencing the growth of the electric tractor market. A detailed analysis of the key industry players has provided insights into their business overview, products, key strategies, contracts, partnerships, agreements, new product launches, mergers and acquisitions, recession impact, and recent electric tractor market developments.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall electric tractor market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Government stringent emission norms and regulations, and Incentives on EV tractors and finance credits), restraints (Technological and operational challenges), opportunities (Emergence of hydrogen fuel-powered electric tractors, integration of OEMs with battery manufacturers, and use of electric tractors in the greenhouse), and challenges (High cost of electric tractors) influencing the growth of the electric tractor market.
- Product Development/Innovation: Detailed insights on upcoming technologies and new products launched in the electric tractor market.
- Market Development: Comprehensive market information – the report analyses the authentication and brand protection market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric tractor market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Kubota Corporation (Japan), Solectrac (US), AGCO Corporation (US), CNH Industries NV (Netherlands), and Escorts Kubota Limited (India) among others in the electric tractor market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
TABLE 1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
FIGURE 1 MARKET SEGMENTATION
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 2 CURRENCY EXCHANGE RATES
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 RESEARCH DESIGN
FIGURE 3 RESEARCH PROCESS FLOW
2.2 SECONDARY DATA
2.2.1 SECONDARY SOURCES REFERRED TO FOR ESTIMATING ELECTRIC TRACTOR SALES
2.2.2 KEY DATA FROM SECONDARY SOURCES
2.3 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.3.1 SAMPLING TECHNIQUES AND DATA COLLECTION METHODS
2.3.1.1 Primary participants
2.4 MARKET SIZE ESTIMATION
FIGURE 5 HYPOTHESIS BUILDING
2.4.1 BOTTOM-UP APPROACH
FIGURE 6 BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
FIGURE 7 TOP-DOWN APPROACH
2.5 FACTOR ANALYSIS
2.6 RECESSION IMPACT ANALYSIS
2.7 DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.8 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT
TABLE 3 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT
2.9 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
3.1 REPORT SUMMARY
3.2 INTRODUCTION
FIGURE 9 EUROPE TO HOLD LARGEST MARKET SHARE FOR ELECTRIC TRACTORS DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC TRACTOR MARKET
FIGURE 10 ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET
4.2 ELECTRIC TRACTOR MARKET, BY PROPULSION
FIGURE 11 BATTERY ELECTRIC SEGMENT TO ACQUIRE MAXIMUM MARKET SHARE IN 2030
4.3 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY
FIGURE 12 51–100 KWH TO BE LARGEST SEGMENT DURING FORECAST PERIOD
4.4 ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY
FIGURE 13 LITHIUM IRON PHOSPHATE TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD
4.5 ELECTRIC TRACTOR MARKET, BY FUNCTION
FIGURE 14 AGRICULTURE & FORESTRY TO SECURE LEADING MARKET POSITION DURING FORECAST PERIOD
4.6 HYBRID ELECTRIC TRACTOR MARKET, BY POWER OUTPUT
FIGURE 15 51–100 HP TO HOLD LARGEST MARKET SHARE IN 2030
4.7 ELECTRIC TRACTOR MARKET, BY REGION
FIGURE 16 EUROPE TO BE LARGEST MARKET FOR ELECTRIC TRACTORS DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Stringent emission norms and regulations
FIGURE 18 NON-ROAD MOBILE MACHINERY (NRMM) EMISSION REGULATION OUTLOOK, 2019–2030
TABLE 4 BHARAT STAGE IV VS. BHARAT STAGE V REGULATIONS FOR PM LIMITS
TABLE 5 BHARAT STAGE IV VS. BHARAT STAGE V REGULATIONS FOR PN LIMITS
TABLE 6 NOX AND PM SAVINGS IN INDIA, BY EQUIPMENT TYPE, 2020–2045 (KILOTON)
TABLE 7 EURO STAGE IV, V, AND VI REGULATIONS FOR HEAVY-DUTY DIESEL ENGINES (G/KWH)
5.2.1.2 Incentives on electric tractors and finance credits
TABLE 8 INCENTIVES AND SUBSIDIES BY KEY COUNTRIES
FIGURE 19 GOVERNMENT INCENTIVES AND POLICIES CLOSING PRICE GAP BETWEEN ELECTRIC AND DIESEL TRACTORS
5.2.2 RESTRAINTS
5.2.2.1 Technological and operational issues
5.2.3 OPPORTUNITIES
5.2.3.1 Emergence of hydrogen fuel-powered electric tractors
TABLE 9 COMPARISON BETWEEN DIESEL, ELECTRIC, AND FCE TRACTORS
TABLE 10 RECENT DEVELOPMENTS RELATED TO HYDROGEN MANUFACTURING
5.2.3.2 Integration of OEMs with battery manufacturers
TABLE 11 TOP BATTERY MANUFACTURERS SUPPLYING BATTERIES TO OEMS
5.2.3.3 Use of electric tractors in greenhouse
TABLE 12 GREENHOUSE EMISSION REGULATIONS
5.2.4 CHALLENGES
5.2.4.1 High cost of electric tractors
TABLE 13 COST COMPARISON OF DIESEL AND ELECTRIC TRACTORS OVER TCO OF 5 YEARS IN INDIA
TABLE 14 PRICE COMPARISON OF DIESEL AND ELECTRIC TRACTORS
5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 20 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 SUPPLY CHAIN ANALYSIS
FIGURE 21 SUPPLY CHAIN ANALYSIS
TABLE 15 ROLE OF COMPANIES IN SUPPLY CHAIN
5.5 PRICING ANALYSIS
5.5.1 BY BATTERY CHEMISTRY
TABLE 16 AVERAGE SELLING PRICE TREND OF ELECTRIC TRACTORS, BY BATTERY CAPACITY, 2021–2023 (USD)
5.5.2 BY REGION
TABLE 17 AVERAGE SELLING PRICE TREND OF ELECTRIC TRACTORS, BY REGION, 2021–2023 (USD)
5.6 CASE STUDY ANALYSIS
5.6.1 SOLECTRAC’S SOLUTIONS FOR MUSHROOM FARMS
5.6.2 ELECTRIC TRACTORS FOR SUSTAINABLE AGRICULTURAL PRACTICE BY AGRIMACS INC.
5.6.3 CALIFORNIA GOVERNMENT FOCUSES ON FARMS TO GO GREEN WITH ZERO EMISSIONS
5.6.4 MONARCH TRACTORS SAVES USD?2,600 PER YEAR FOR WENTE VINEYARDS
5.6.5 PACIFIC NORTHWEST ELECTRIC TRACTOR BARRIERS STUDY
5.6.6 CHALLENGES RELATED TO AUTOMATION AND ELECTRIFICATION OF TRACTORS ADDRESSED BY DR. JIANFENG ZHOU
5.7 PATENT ANALYSIS
TABLE 18 INNOVATIONS AND PATENTS, 2021–2024
5.8 TRADE ANALYSIS
5.8.1 IMPORT DATA
TABLE 19 US: IMPORT DATA, BY COUNTRY (%)
TABLE 20 FRANCE: IMPORT DATA, BY COUNTRY (%)
TABLE 21 GERMANY: IMPORT DATA, BY COUNTRY (%)
TABLE 22 CANADA: IMPORT DATA, BY COUNTRY (%)
TABLE 23 UK: IMPORT DATA, BY COUNTRY (%)
TABLE 24 POLAND: IMPORT DATA, BY COUNTRY (%)
5.8.2 EXPORT DATA
TABLE 25 ITALY: EXPORT DATA, BY COUNTRY (%)
TABLE 26 FRANCE: EXPORT DATA, BY COUNTRY (%)
TABLE 27 NETHERLANDS: EXPORT DATA, BY COUNTRY (%)
TABLE 28 CANADA: EXPORT DATA, BY COUNTRY (%)
TABLE 29 CHINA: EXPORT DATA, BY COUNTRY (%)
5.9 TECHNOLOGY ANALYSIS
5.9.1 AUTONOMOUS AND SEMI-AUTONOMOUS DRIVING
TABLE 30 PRODUCTS LAUNCHED BY CRITICAL PLAYERS FOR AUTONOMOUS AND SEMI-AUTONOMOUS ELECTRIC TRACTORS
5.9.2 PRECISION AGRICULTURE
FIGURE 22 PRECISION FARMING ADOPTION DATA OF US FARMERS WITH INCREASING YIELD, 1996–2019
5.9.3 TELEMATICS AND REMOTE MONITORING
5.9.4 FUTURE BATTERY CHEMISTRY
FIGURE 23 COMPARISON OF SOLID-STATE VS. LITHIUM-IRON BATTERIES
5.9.5 H2ICE AS FUEL
5.9.6 BATTERY SWAPPING TECHNOLOGY
5.10 ECOSYSTEM MAPPING
FIGURE 24 OFF-HIGHWAY VEHICLE MARKET: ECOSYSTEM MAPPING
FIGURE 25 KEY PLAYERS IN ECOSYSTEM
5.11 REGULATORY LANDSCAPE
TABLE 31 REGULATION STANDARDS SET FOR ELECTRIC TRACTORS, BY REGION/COUNTRY
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.11.1.1 North America
TABLE 32 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.11.1.2 Europe
TABLE 33 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.11.1.3 Asia Pacific
TABLE 34 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
5.12.1 BUYING CRITERIA
FIGURE 26 KEY BUYING CRITERIA FOR ELECTRIC TRACTORS
TABLE 35 KEY BUYING CRITERIA FOR TRACTORS
5.12.2 KEY STAKEHOLDERS
TABLE 36 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TRACTORS
5.13 KEY CONFERENCES AND EVENTS
TABLE 37 KEY CONFERENCES AND EVENTS, 2024–2025
5.14 BATTERY TECHNOLOGY
5.14.1 BATTERY RANGE VS. UNLADEN MASS
TABLE 38 ELECTRIC TRACTOR MODEL WITH VEHICLE RANGE VS. UNLADEN MASS
5.14.2 BATTERY RANGE VS. BATTERY TEMPERATURE
FIGURE 27 BATTERY DISCHARGE TEMPERATURE
5.14.3 BATTERY DENSITY VS. BATTERY CHEMISTRY
TABLE 39 BATTERY CHEMISTRIES FOR HDV APPLICATIONS (TRACTORS)
5.14.4 BATTERY CHARGING POWER VS. BATTERY RANGE
TABLE 40 TRACTOR MODELS WITH THEIR BATTERY CHARGER CAPACITIES AND BATTERY RANGES
5.15 TOTAL COST OF OWNERSHIP
FIGURE 28 TOTAL COST OF OWNERSHIP: ELECTRIC AND DIESEL TRACTORS
5.16 INVESTMENT AND FUNDING SCENARIO
FIGURE 29 INVESTMENT SCENARIO, 2020–2024
TABLE 41 LIST OF FUNDING IN 2021-2024
5.17 POWER TAKE-OFF (PTO)
TABLE 42 ELECTRIC TRACTOR MODELS WITH PTO OFFERINGS
6 ELECTRIC TRACTOR MARKET, BY PROPULSION
6.1 INTRODUCTION
FIGURE 30 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024 VS. 2030 (USD MILLION)
TABLE 43 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 44 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 45 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 46 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
6.2 BATTERY ELECTRIC
6.2.1 REDUCING BATTERY MANUFACTURING COSTS TO DRIVE MARKET
FIGURE 31 AVERAGE GLOBAL PACK AND CELL PRICE, PER KWH, 2013–2023
TABLE 47 BATTERY ELECTRIC TRACTOR SPECIFICATION WITH MOTOR AND BATTERY CAPACITIES
TABLE 48 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 49 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 50 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 51 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
6.3 HYBRID ELECTRIC
6.3.1 HIGHER POWER OUTPUT THAN BATTERY ELECTRIC TRACTORS TO DRIVE MARKET
TABLE 52 HYBRID ELECTRIC TRACTOR SPECIFICATIONS WITH THEIR MOTOR AND ENGINE CAPACITIES
TABLE 53 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 54 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 55 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 56 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
6.4 HYDROGEN
6.4.1 ADVANCEMENTS IN FUEL CELL TECHNOLOGY AND INFRASTRUCTURE TO DRIVE MARKET
TABLE 57 HYDROGEN ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 58 HYDROGEN ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
6.5 PRIMARY INSIGHTS
7 ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY
7.1 INTRODUCTION
FIGURE 32 ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY, 2024 VS. 2030 (USD MILLION)
TABLE 59 ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY, 2021–2023 (UNITS)
TABLE 60 ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY, 2024–2030 (UNITS)
TABLE 61 ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY, 2021–2023 (USD MILLION)
TABLE 62 ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY, 2024–2030 (USD MILLION)
7.2 LITHIUM IRON PHOSPHATE (LFP)
7.2.1 INCREASING APPLICATION IN SMALL FARMLANDS TO DRIVE MARKET
TABLE 63 LITHIUM IRON PHOSPHATE: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 64 LITHIUM IRON PHOSPHATE: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 65 LITHIUM IRON PHOSPHATE: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 66 LITHIUM IRON PHOSPHATE: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
7.3 LITHIUM NICKEL MANGANESE COBALT OXIDE (LI-NMC)
7.3.1 AFFORDABILITY, HIGH DENSITY, AND FAST CHARGING CAPABILITY TO DRIVE MARKET
FIGURE 33 CHARACTERISTICS OF LI-NMC BATTERIES
TABLE 67 LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 68 LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 69 LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 70 LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
7.4 OTHERS
7.4.1 SODIUM-ION BATTERIES
TABLE 71 SODIUM-ION BATTERY VS. LITHIUM IRON PHOSPHATE BATTERY
7.4.2 SOLID-STATE BATTERIES
TABLE 72 OTHERS: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 73 OTHERS: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
7.5 PRIMARY INSIGHTS
8 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY
8.1 INTRODUCTION
8.2 ELECTRIC TRACTOR MODELS AND BATTERY CAPACITIES
TABLE 74 ELECTRIC TRACTOR MODELS AND BATTERY CAPACITIES, BY OEM
FIGURE 34 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY, 2024 VS. 2030 (USD MILLION)
TABLE 75 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY, 2021–2023 (UNITS)
TABLE 76 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 77 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY, 2021–2023 (USD MILLION)
TABLE 78 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY, 2024–2030 (USD MILLION)
8.3 <50 KWH
8.3.1 MODERATE-DUTY APPLICATIONS AND SMALL FARMING NEEDS TO DRIVE MARKET
TABLE 79 <50 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 80 <50 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 81 <50 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 82 <50 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
8.4 51–100 KWH
8.4.1 MEDIUM-SIZED AND MIXED FARMING OPERATIONS TO DRIVE MARKET
TABLE 83 51–100 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 84 51–100 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 85 51–100 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 86 51–100 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
8.5 >100 KWH
8.5.1 HEAVY MACHINERY AND EQUIPMENT FOR MULTI-TASKING TO DRIVE MARKET
TABLE 87 >100 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 88 >100 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
8.6 PRIMARY INSIGHTS
9 HYBRID ELECTRIC TRACTOR MARKET, BY POWER OUTPUT
9.1 INTRODUCTION
FIGURE 35 HYBRID ELECTRIC TRACTOR MARKET, 2024 VS. 2030 (USD MILLION)
TABLE 89 HYBRID ELECTRIC TRACTOR MARKET, BY POWER OUTPUT, 2021–2023 (UNITS)
TABLE 90 HYBRID ELECTRIC TRACTOR MARKET, BY POWER OUTPUT, 2024–2030 (UNITS)
TABLE 91 HYBRID ELECTRIC TRACTOR MARKET, BY POWER OUTPUT, 2021–2023 (USD MILLION)
TABLE 92 HYBRID ELECTRIC TRACTOR MARKET, BY POWER OUTPUT, 2024–2030 (USD MILLION)
9.2 <50 HP
9.2.1 INCREASING DEMAND FOR COMPACT AND MANEUVERABLE TRACTORS TO DRIVE MARKET
TABLE 93 SPECIFICATIONS OF HYBRID TRACTORS AVAILABLE IN MARKET
TABLE 94 <50HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 95 <50HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 96 <50HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 97 <50HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
9.3 51–100 HP
9.3.1 MIXED FARMING AND PRECISION FARMING TO DRIVE MARKET
TABLE 98 51–100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 99 51–100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 100 51–100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 101 51–100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
9.4 >100 HP
9.4.1 STRINGENT EMISSION REGULATIONS AND GOVERNMENT INCENTIVES TO DRIVE MARKET
TABLE 102 >100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 103 >100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 104 >100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 105 >100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
9.5 PRIMARY INSIGHTS
10 ELECTRIC TRACTOR MARKET, BY FUNCTION
10.1 INTRODUCTION
FIGURE 36 ELECTRIC TRACTOR MARKET, BY FUNCTION, 2024 VS. 2030 (USD MILLION)
TABLE 106 ELECTRIC TRACTOR MARKET, BY FUNCTION, 2021–2023 (USD MILLION)
TABLE 107 ELECTRIC TRACTOR MARKET, BY FUNCTION, 2024–2030 (USD MILLION)
10.2 AGRICULTURE & FORESTRY
10.2.1 INCREASE IN FOOD PRODUCTION AND PRECISION AGRICULTURE TO DRIVE MARKET
TABLE 108 AGRICULTURE & FORESTRY: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 109 AGRICULTURE & FORESTRY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
10.3 UTILITY
10.3.1 GOVERNMENT REGULATIONS AND INCENTIVES TO DRIVE MARKET
TABLE 110 UTILITY: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 111 UTILITY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
10.4 INDUSTRIAL
10.4.1 ENVIRONMENTAL CONCERNS AND NEED FOR NOISE REDUCTION TO DRIVE MARKET
TABLE 112 INDUSTRIAL: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 113 INDUSTRIAL: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
10.5 PRIMARY INSIGHTS
11 ELECTRIC FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE
11.1 INTRODUCTION
11.2 ELECTRIC SPRAYERS
11.3 ELECTRIC WEEDERS
11.4 PRIMARY INSIGHTS
12 ELECTRIC TRACTOR MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 37 ELECTRIC TRACTOR MARKET, BY REGION, 2024 VS. 2030 (USD MILLION)
TABLE 114 ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 115 ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 116 ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 117 ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
12.2 ASIA PACIFIC
12.2.1 RECESSION IMPACT ANALYSIS
FIGURE 38 ASIA PACIFIC: ELECTRIC TRACTOR MARKET SNAPSHOT
FIGURE 39 ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2024 VS. 2030 (USD MILLION)
TABLE 118 ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2021–2023 (UNITS)
TABLE 119 ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2024–2030 (UNITS)
TABLE 120 ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 121 ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
12.2.2 CHINA
12.2.2.1 Leadership in EV technology to drive market
TABLE 122 CHINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 123 CHINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 124 CHINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 125 CHINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.2.3 INDIA
12.2.3.1 Increase in farm mechanization to drive market
TABLE 126 INDIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 127 INDIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 128 INDIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 129 INDIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.2.4 JAPAN
12.2.4.1 Aging farmer population and labor shortage to drive market
TABLE 130 JAPAN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 131 JAPAN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 132 JAPAN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 133 JAPAN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.2.5 SOUTH KOREA
12.2.5.1 Government incentives for farmers to drive market
TABLE 134 SOUTH KOREA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 135 SOUTH KOREA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 136 SOUTH KOREA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 137 SOUTH KOREA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.2.6 REST OF ASIA PACIFIC
TABLE 138 REST OF ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 139 REST OF ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 140 REST OF ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 141 REST OF ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.3 EUROPE
FIGURE 40 EUROPE: ELECTRIC TRACTOR MARKET SNAPSHOT
TABLE 142 EUROPE: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2021–2023 (UNITS)
TABLE 143 EUROPE: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2024–2030 (UNITS)
TABLE 144 EUROPE: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 145 EUROPE: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
12.3.1 RECESSION IMPACT ANALYSIS
12.3.2 GERMANY
12.3.2.1 Increasing demand for high-power tractors to drive market
TABLE 146 GERMANY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 147 GERMANY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 148 GERMANY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 149 GERMANY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.3.3 UK
12.3.3.1 Precision agriculture and sustainable farming to drive market
TABLE 150 UK: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 151 UK: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 152 UK: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 153 UK: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.3.4 FRANCE
12.3.4.1 Government National Low Carbon Strategy to drive market
TABLE 154 FRANCE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 155 FRANCE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 156 FRANCE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 157 FRANCE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.3.5 SPAIN
12.3.5.1 Labor shortage and increasing focus on precision agriculture to drive market
TABLE 158 SPAIN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 159 SPAIN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 160 SPAIN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 161 SPAIN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.3.6 RUSSIA
12.3.6.1 Increasing adoption of farm mechanization to drive market
TABLE 162 RUSSIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 163 RUSSIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 164 RUSSIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 165 RUSSIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.3.7 ITALY
12.3.7.1 Presence of vineyards to drive market
TABLE 166 ITALY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 167 ITALY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 168 ITALY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 169 ITALY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.3.8 REST OF EUROPE
TABLE 170 REST OF EUROPE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 171 REST OF EUROPE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 172 REST OF EUROPE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 173 REST OF EUROPE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.4 AMERICAS
12.4.1 RECESSION IMPACT ANALYSIS
TABLE 174 AMERICAS: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2021–2023 (UNITS)
TABLE 175 AMERICAS: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2024–2030 (UNITS)
TABLE 176 AMERICAS: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 177 AMERICAS: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
12.4.2 US
12.4.2.1 High presence of OEMs to drive market
TABLE 178 US: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 179 US: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 180 US: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 181 US: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.4.3 CANADA
12.4.3.1 Landscaping and ground maintenance to drive market
TABLE 182 CANADA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 183 CANADA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 184 CANADA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 185 CANADA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.4.4 MEXICO
12.4.4.1 Focus on addressing increasing greenhouse emissions to drive market
TABLE 186 MEXICO: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 187 MEXICO: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 188 MEXICO: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 189 MEXICO: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.4.5 BRAZIL
12.4.5.1 Increasing vineyards and coffee plantations to drive market
TABLE 190 BRAZIL: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 191 BRAZIL: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 192 BRAZIL: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 193 BRAZIL: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.4.6 ARGENTINA
12.4.6.1 Digital agriculture and 2030 Agenda for Sustainable Development to drive market
TABLE 194 ARGENTINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 195 ARGENTINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 196 ARGENTINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 197 ARGENTINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.5 PRIMARY INSIGHTS
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 MARKET SHARE ANALYSIS
FIGURE 41 MARKET SHARE ANALYSIS, 2023
TABLE 198 DEGREE OF COMPETITION, 2023
13.3 REVENUE ANALYSIS
FIGURE 42 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2020–2022
13.4 COMPANY EVALUATION MATRIX
13.4.1 STARS
13.4.2 EMERGING LEADERS
13.4.3 PERVASIVE PLAYERS
13.4.4 PARTICIPANTS
13.4.5 COMPANY FOOTPRINT
FIGURE 43 ELECTRIC TRACTOR MARKET: COMPANY FOOTPRINT, 2023
TABLE 199 ELECTRIC TRACTOR MARKET: PROPULSION FOOTPRINT, 2023
TABLE 200 ELECTRIC TRACTOR MARKET: REGION FOOTPRINT, 2023
FIGURE 44 COMPANY EVALUATION MATRIX, 2023
13.5 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN
TABLE 201 COMPANIES ADOPTED PRODUCT DEVELOPMENTS, PARTNERSHIPS, AND CONTRACTS AS CRUCIAL GROWTH STRATEGIES FROM JANUARY 2020 TO JANUARY 2024
13.6 COMPETITIVE SCENARIOS AND TRENDS
13.6.1 PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 202 ELECTRIC TRACTOR MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, JANUARY 2021–JANUARY 2024
13.6.2 DEALS
TABLE 203 ELECTRIC TRACTOR MARKET: DEALS, JANUARY 2020–JANUARY 2024
13.6.3 OTHER DEVELOPMENTS
TABLE 204 ELECTRIC TRACTOR MARKET: OTHER DEVELOPMENTS, JANUARY 2020–JANUARY 2024
13.6.4 EXPANSIONS
TABLE 205 ELECTRIC TRACTOR MARKET: EXPANSIONS, JANUARY 2020–JANUARY 2024
13.7 COMPANY VALUATION
FIGURE 45 COMPANY VALUATION, 2023 (USD BILLION)
13.8 COMPANY FINANCIAL METRICS
FIGURE 46 COMPANY FINANCIAL METRICS, 2023 (USD BILLION)
13.9 BRAND COMPARISON
14 COMPANY PROFILES
(Business overview, Products offered, Recent developments & MnM View)*
14.1 KEY PLAYERS
14.1.1 KUBOTA CORPORATION
TABLE 206 KUBOTA CORPORATION: COMPANY OVERVIEW
FIGURE 47 KUBOTA CORPORATION: COMPANY SNAPSHOT
TABLE 207 KUBOTA CORPORATION: PRODUCTS OFFERED
TABLE 208 KUBOTA CORPORATION: PRODUCT LAUNCHES
TABLE 209 KUBOTA CORPORATION: DEALS
TABLE 210 KUBOTA CORPORATION: OTHER DEVELOPMENTS
14.1.2 SOLECTRAC
TABLE 211 SOLECTRAC: COMPANY OVERVIEW
FIGURE 48 SOLECTRAC: COMPANY SNAPSHOT
TABLE 212 SOLECTRAC: PRODUCTS OFFERED
TABLE 213 SOLECTRAC: PRODUCT LAUNCHES
TABLE 214 SOLECTRAC: DEALS
TABLE 215 SOLECTRAC: OTHER DEVELOPMENTS
14.1.3 AGCO CORPORATION
TABLE 216 AGCO CORPORATION: COMPANY OVERVIEW
FIGURE 49 AGCO CORPORATION: COMPANY SNAPSHOT
TABLE 217 AGCO CORPORATION: PRODUCTS OFFERED
TABLE 218 AGCO CORPORATION: PRODUCT LAUNCHES
TABLE 219 AGCO CORPORATION: DEALS
TABLE 220 AGCO CORPORATION: EXPANSIONS
14.1.4 CNH INDUSTRIAL N.V.
TABLE 221 CNH INDUSTRIAL N.V.: COMPANY OVERVIEW
FIGURE 50 CNH INDUSTRIAL N.V.: COMPANY SNAPSHOT
TABLE 222 CNH INDUSTRIAL N.V.: PRODUCTS OFFERED
TABLE 223 CNH INDUSTRIAL N.V.: PRODUCT LAUNCHES
TABLE 224 CNH INDUSTRIAL N.V.: DEALS
TABLE 225 CNH INDUSTRIAL N.V.: EXPANSIONS
14.1.5 ESCORTS KUBOTA LIMITED
TABLE 226 ESCORTS KUBOTA LIMITED: COMPANY OVERVIEW
FIGURE 51 ESCORTS KUBOTA LIMITED: COMPANY SNAPSHOT
TABLE 227 ESCORTS KUBOTA LIMITED: PRODUCTS OFFERED
TABLE 228 ESCORTS KUBOTA LIMITED: PRODUCT DEVELOPMENTS
TABLE 229 ESCORTS KUBOTA LIMITED: DEALS
14.1.6 MONARCH TRACTOR
TABLE 230 MONARCH TRACTOR: COMPANY OVERVIEW
TABLE 231 MONARCH TRACTOR: PRODUCTS OFFERED
TABLE 232 MONARCH TRACTOR: PRODUCT DEVELOPMENTS
TABLE 233 MONARCH TRACTOR: DEALS
TABLE 234 MONARCH TRACTOR: OTHER DEVELOPMENTS
14.1.7 DEERE & COMPANY
TABLE 235 DEERE & COMPANY: COMPANY OVERVIEW
FIGURE 52 DEERE & COMPANY: COMPANY SNAPSHOT
TABLE 236 DEERE & COMPANY: PRODUCTS OFFERED
TABLE 237 DEERE & COMPANY: PRODUCT DEVELOPMENTS
TABLE 238 DEERE & COMPANY: DEALS
TABLE 239 DEERE & COMPANY: EXPANSIONS
14.1.8 YANMAR HOLDINGS CO., LTD.
TABLE 240 YANMAR HOLDINGS CO., LTD.: COMPANY OVERVIEW
FIGURE 53 YANMAR HOLDINGS CO., LTD.: COMPANY SNAPSHOT
TABLE 241 YANMAR HOLDINGS CO., LTD.: PRODUCTS OFFERED
TABLE 242 YANMAR HOLDINGS CO., LTD.: PRODUCT DEVELOPMENTS
TABLE 243 YANMAR HOLDINGS CO., LTD.: DEALS
TABLE 244 YANMAR HOLDINGS CO., LTD.: OTHER DEVELOPMENTS
14.1.9 CELLESTIAL E-MOBILITY PVT LTD
TABLE 245 CELLESTIAL E-MOBILITY PVT LTD: COMPANY OVERVIEW
FIGURE 54 CELLESTIAL E-MOBILITY PVT LTD: COMPANY SNAPSHOT
TABLE 246 CELLESTIAL E-MOBILITY PVT LTD: PRODUCTS OFFERED
TABLE 247 CELLESTIAL E-MOBILITY PVT LTD: PRODUCT DEVELOPMENTS
TABLE 248 CELLESTIAL E-MOBILITY PVT LTD: DEALS
14.1.10 INTERNATIONAL TRACTORS LIMITED
TABLE 249 INTERNATIONAL TRACTORS LIMITED: COMPANY OVERVIEW
TABLE 250 INTERNATIONAL TRACTORS LIMITED: PRODUCTS OFFERED
TABLE 251 INTERNATIONAL TRACTORS LIMITED: PRODUCT LAUNCHES
TABLE 252 INTERNATIONAL TRACTORS LIMITED: OTHER DEVELOPMENTS
14.1.11 PROXECTO
TABLE 253 PROXECTO: COMPANY OVERVIEW
TABLE 254 PROXECTO: PRODUCTS OFFERED
TABLE 255 PROXECTO: PRODUCT DEVELOPMENTS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
14.2 OTHER PLAYERS
14.2.1 AUTONXT AUTOMATION PVT. LTD.
TABLE 256 AUTONXT AUTOMATION PVT. LTD.: COMPANY OVERVIEW
14.2.2 RIGITRAC TRAKTORENBAU AG
TABLE 257 RIGITRAC TRAKTORENBAU AG: COMPANY OVERVIEW
14.2.3 SABI AGRI
TABLE 258 SABI AGRI: COMPANY OVERVIEW
14.2.4 ARGO TRACTORS S.P.A.
TABLE 259 ARGO TRACTORS S.P.A: COMPANY OVERVIEW
14.2.5 FOTON LOVOL
TABLE 260 FOTON LOVOL: COMPANY OVERVIEW
14.2.6 TRACTORS AND FARM EQUIPMENT LIMITED
TABLE 261 TRACTORS AND FARM EQUIPMENT LIMITED: COMPANY OVERVIEW
14.2.7 VST TRACTORS
TABLE 262 VST TRACTORS: COMPANY OVERVIEW
14.2.8 MOTIVO ENGINEERING
TABLE 263 MOTIVO ENGINEERING: COMPANY OVERVIEW
14.2.9 TADUS GMBH
TABLE 264 TADUS GMBH: COMPANY OVERVIEW
14.2.10 ZY ELEKTRIK TRACTOR
TABLE 265 ZY ELEKTRIK TRACTOR: COMPANY OVERVIEW
14.2.11 AUGA
TABLE 266 AUGA: COMPANY OVERVIEW
14.2.12 ZTRACTOR
TABLE 267 ZTRACTOR: COMPANY OVERVIEW
14.2.13 AMOS POWER
TABLE 268 AMOS POWER: COMPANY OVERVIEW
15 RECOMMENDATIONS
15.1 EUROPE TO DOMINATE ELECTRIC TRACTOR MARKET
15.2 EMPHASIS ON SOLID-STATE BATTERIES IN ELECTRIC TRACTORS FOR FUTURE APPLICATIONS
15.3 HYDROGEN ELECTRIC TRACTORS TO BE KEY FOCUS AREA
15.4 CONCLUSION
16 APPENDIX
16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.4.1 ELECTRIC TRACTOR MARKET, BY REGION
16.4.1.1 UAE
16.4.1.2 Saudi Arabia
16.4.1.3 Egypt
16.4.2 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY
16.4.2.1 Asia Pacific
16.4.2.1.1 China
16.4.2.1.2 India
16.4.2.1.3 Japan
16.4.2.1.4 South Korea
16.4.2.1.5 Rest of Asia Pacific
16.4.2.2 Europe
16.4.2.2.1 Germany
16.4.2.2.2 France
16.4.2.2.3 UK
16.4.2.2.4 Spain
16.4.2.2.5 Russia
16.4.2.2.6 Italy
16.4.2.2.7 Turkey
16.4.2.2.8 Rest of Europe
16.4.2.3 North America
16.4.2.3.1 US
16.4.2.3.2 Canada
16.4.2.3.3 Mexico
16.4.2.3.4 Brazil
16.4.2.3.5 Argentina
16.4.3 DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET PLAYERS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
TABLE 1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
FIGURE 1 MARKET SEGMENTATION
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 2 CURRENCY EXCHANGE RATES
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 RESEARCH DESIGN
FIGURE 3 RESEARCH PROCESS FLOW
2.2 SECONDARY DATA
2.2.1 SECONDARY SOURCES REFERRED TO FOR ESTIMATING ELECTRIC TRACTOR SALES
2.2.2 KEY DATA FROM SECONDARY SOURCES
2.3 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.3.1 SAMPLING TECHNIQUES AND DATA COLLECTION METHODS
2.3.1.1 Primary participants
2.4 MARKET SIZE ESTIMATION
FIGURE 5 HYPOTHESIS BUILDING
2.4.1 BOTTOM-UP APPROACH
FIGURE 6 BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
FIGURE 7 TOP-DOWN APPROACH
2.5 FACTOR ANALYSIS
2.6 RECESSION IMPACT ANALYSIS
2.7 DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.8 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT
TABLE 3 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT
2.9 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
3.1 REPORT SUMMARY
3.2 INTRODUCTION
FIGURE 9 EUROPE TO HOLD LARGEST MARKET SHARE FOR ELECTRIC TRACTORS DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC TRACTOR MARKET
FIGURE 10 ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET
4.2 ELECTRIC TRACTOR MARKET, BY PROPULSION
FIGURE 11 BATTERY ELECTRIC SEGMENT TO ACQUIRE MAXIMUM MARKET SHARE IN 2030
4.3 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY
FIGURE 12 51–100 KWH TO BE LARGEST SEGMENT DURING FORECAST PERIOD
4.4 ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY
FIGURE 13 LITHIUM IRON PHOSPHATE TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD
4.5 ELECTRIC TRACTOR MARKET, BY FUNCTION
FIGURE 14 AGRICULTURE & FORESTRY TO SECURE LEADING MARKET POSITION DURING FORECAST PERIOD
4.6 HYBRID ELECTRIC TRACTOR MARKET, BY POWER OUTPUT
FIGURE 15 51–100 HP TO HOLD LARGEST MARKET SHARE IN 2030
4.7 ELECTRIC TRACTOR MARKET, BY REGION
FIGURE 16 EUROPE TO BE LARGEST MARKET FOR ELECTRIC TRACTORS DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Stringent emission norms and regulations
FIGURE 18 NON-ROAD MOBILE MACHINERY (NRMM) EMISSION REGULATION OUTLOOK, 2019–2030
TABLE 4 BHARAT STAGE IV VS. BHARAT STAGE V REGULATIONS FOR PM LIMITS
TABLE 5 BHARAT STAGE IV VS. BHARAT STAGE V REGULATIONS FOR PN LIMITS
TABLE 6 NOX AND PM SAVINGS IN INDIA, BY EQUIPMENT TYPE, 2020–2045 (KILOTON)
TABLE 7 EURO STAGE IV, V, AND VI REGULATIONS FOR HEAVY-DUTY DIESEL ENGINES (G/KWH)
5.2.1.2 Incentives on electric tractors and finance credits
TABLE 8 INCENTIVES AND SUBSIDIES BY KEY COUNTRIES
FIGURE 19 GOVERNMENT INCENTIVES AND POLICIES CLOSING PRICE GAP BETWEEN ELECTRIC AND DIESEL TRACTORS
5.2.2 RESTRAINTS
5.2.2.1 Technological and operational issues
5.2.3 OPPORTUNITIES
5.2.3.1 Emergence of hydrogen fuel-powered electric tractors
TABLE 9 COMPARISON BETWEEN DIESEL, ELECTRIC, AND FCE TRACTORS
TABLE 10 RECENT DEVELOPMENTS RELATED TO HYDROGEN MANUFACTURING
5.2.3.2 Integration of OEMs with battery manufacturers
TABLE 11 TOP BATTERY MANUFACTURERS SUPPLYING BATTERIES TO OEMS
5.2.3.3 Use of electric tractors in greenhouse
TABLE 12 GREENHOUSE EMISSION REGULATIONS
5.2.4 CHALLENGES
5.2.4.1 High cost of electric tractors
TABLE 13 COST COMPARISON OF DIESEL AND ELECTRIC TRACTORS OVER TCO OF 5 YEARS IN INDIA
TABLE 14 PRICE COMPARISON OF DIESEL AND ELECTRIC TRACTORS
5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 20 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 SUPPLY CHAIN ANALYSIS
FIGURE 21 SUPPLY CHAIN ANALYSIS
TABLE 15 ROLE OF COMPANIES IN SUPPLY CHAIN
5.5 PRICING ANALYSIS
5.5.1 BY BATTERY CHEMISTRY
TABLE 16 AVERAGE SELLING PRICE TREND OF ELECTRIC TRACTORS, BY BATTERY CAPACITY, 2021–2023 (USD)
5.5.2 BY REGION
TABLE 17 AVERAGE SELLING PRICE TREND OF ELECTRIC TRACTORS, BY REGION, 2021–2023 (USD)
5.6 CASE STUDY ANALYSIS
5.6.1 SOLECTRAC’S SOLUTIONS FOR MUSHROOM FARMS
5.6.2 ELECTRIC TRACTORS FOR SUSTAINABLE AGRICULTURAL PRACTICE BY AGRIMACS INC.
5.6.3 CALIFORNIA GOVERNMENT FOCUSES ON FARMS TO GO GREEN WITH ZERO EMISSIONS
5.6.4 MONARCH TRACTORS SAVES USD?2,600 PER YEAR FOR WENTE VINEYARDS
5.6.5 PACIFIC NORTHWEST ELECTRIC TRACTOR BARRIERS STUDY
5.6.6 CHALLENGES RELATED TO AUTOMATION AND ELECTRIFICATION OF TRACTORS ADDRESSED BY DR. JIANFENG ZHOU
5.7 PATENT ANALYSIS
TABLE 18 INNOVATIONS AND PATENTS, 2021–2024
5.8 TRADE ANALYSIS
5.8.1 IMPORT DATA
TABLE 19 US: IMPORT DATA, BY COUNTRY (%)
TABLE 20 FRANCE: IMPORT DATA, BY COUNTRY (%)
TABLE 21 GERMANY: IMPORT DATA, BY COUNTRY (%)
TABLE 22 CANADA: IMPORT DATA, BY COUNTRY (%)
TABLE 23 UK: IMPORT DATA, BY COUNTRY (%)
TABLE 24 POLAND: IMPORT DATA, BY COUNTRY (%)
5.8.2 EXPORT DATA
TABLE 25 ITALY: EXPORT DATA, BY COUNTRY (%)
TABLE 26 FRANCE: EXPORT DATA, BY COUNTRY (%)
TABLE 27 NETHERLANDS: EXPORT DATA, BY COUNTRY (%)
TABLE 28 CANADA: EXPORT DATA, BY COUNTRY (%)
TABLE 29 CHINA: EXPORT DATA, BY COUNTRY (%)
5.9 TECHNOLOGY ANALYSIS
5.9.1 AUTONOMOUS AND SEMI-AUTONOMOUS DRIVING
TABLE 30 PRODUCTS LAUNCHED BY CRITICAL PLAYERS FOR AUTONOMOUS AND SEMI-AUTONOMOUS ELECTRIC TRACTORS
5.9.2 PRECISION AGRICULTURE
FIGURE 22 PRECISION FARMING ADOPTION DATA OF US FARMERS WITH INCREASING YIELD, 1996–2019
5.9.3 TELEMATICS AND REMOTE MONITORING
5.9.4 FUTURE BATTERY CHEMISTRY
FIGURE 23 COMPARISON OF SOLID-STATE VS. LITHIUM-IRON BATTERIES
5.9.5 H2ICE AS FUEL
5.9.6 BATTERY SWAPPING TECHNOLOGY
5.10 ECOSYSTEM MAPPING
FIGURE 24 OFF-HIGHWAY VEHICLE MARKET: ECOSYSTEM MAPPING
FIGURE 25 KEY PLAYERS IN ECOSYSTEM
5.11 REGULATORY LANDSCAPE
TABLE 31 REGULATION STANDARDS SET FOR ELECTRIC TRACTORS, BY REGION/COUNTRY
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.11.1.1 North America
TABLE 32 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.11.1.2 Europe
TABLE 33 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.11.1.3 Asia Pacific
TABLE 34 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
5.12.1 BUYING CRITERIA
FIGURE 26 KEY BUYING CRITERIA FOR ELECTRIC TRACTORS
TABLE 35 KEY BUYING CRITERIA FOR TRACTORS
5.12.2 KEY STAKEHOLDERS
TABLE 36 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TRACTORS
5.13 KEY CONFERENCES AND EVENTS
TABLE 37 KEY CONFERENCES AND EVENTS, 2024–2025
5.14 BATTERY TECHNOLOGY
5.14.1 BATTERY RANGE VS. UNLADEN MASS
TABLE 38 ELECTRIC TRACTOR MODEL WITH VEHICLE RANGE VS. UNLADEN MASS
5.14.2 BATTERY RANGE VS. BATTERY TEMPERATURE
FIGURE 27 BATTERY DISCHARGE TEMPERATURE
5.14.3 BATTERY DENSITY VS. BATTERY CHEMISTRY
TABLE 39 BATTERY CHEMISTRIES FOR HDV APPLICATIONS (TRACTORS)
5.14.4 BATTERY CHARGING POWER VS. BATTERY RANGE
TABLE 40 TRACTOR MODELS WITH THEIR BATTERY CHARGER CAPACITIES AND BATTERY RANGES
5.15 TOTAL COST OF OWNERSHIP
FIGURE 28 TOTAL COST OF OWNERSHIP: ELECTRIC AND DIESEL TRACTORS
5.16 INVESTMENT AND FUNDING SCENARIO
FIGURE 29 INVESTMENT SCENARIO, 2020–2024
TABLE 41 LIST OF FUNDING IN 2021-2024
5.17 POWER TAKE-OFF (PTO)
TABLE 42 ELECTRIC TRACTOR MODELS WITH PTO OFFERINGS
6 ELECTRIC TRACTOR MARKET, BY PROPULSION
6.1 INTRODUCTION
FIGURE 30 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024 VS. 2030 (USD MILLION)
TABLE 43 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 44 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 45 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 46 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
6.2 BATTERY ELECTRIC
6.2.1 REDUCING BATTERY MANUFACTURING COSTS TO DRIVE MARKET
FIGURE 31 AVERAGE GLOBAL PACK AND CELL PRICE, PER KWH, 2013–2023
TABLE 47 BATTERY ELECTRIC TRACTOR SPECIFICATION WITH MOTOR AND BATTERY CAPACITIES
TABLE 48 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 49 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 50 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 51 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
6.3 HYBRID ELECTRIC
6.3.1 HIGHER POWER OUTPUT THAN BATTERY ELECTRIC TRACTORS TO DRIVE MARKET
TABLE 52 HYBRID ELECTRIC TRACTOR SPECIFICATIONS WITH THEIR MOTOR AND ENGINE CAPACITIES
TABLE 53 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 54 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 55 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 56 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
6.4 HYDROGEN
6.4.1 ADVANCEMENTS IN FUEL CELL TECHNOLOGY AND INFRASTRUCTURE TO DRIVE MARKET
TABLE 57 HYDROGEN ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 58 HYDROGEN ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
6.5 PRIMARY INSIGHTS
7 ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY
7.1 INTRODUCTION
FIGURE 32 ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY, 2024 VS. 2030 (USD MILLION)
TABLE 59 ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY, 2021–2023 (UNITS)
TABLE 60 ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY, 2024–2030 (UNITS)
TABLE 61 ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY, 2021–2023 (USD MILLION)
TABLE 62 ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY, 2024–2030 (USD MILLION)
7.2 LITHIUM IRON PHOSPHATE (LFP)
7.2.1 INCREASING APPLICATION IN SMALL FARMLANDS TO DRIVE MARKET
TABLE 63 LITHIUM IRON PHOSPHATE: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 64 LITHIUM IRON PHOSPHATE: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 65 LITHIUM IRON PHOSPHATE: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 66 LITHIUM IRON PHOSPHATE: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
7.3 LITHIUM NICKEL MANGANESE COBALT OXIDE (LI-NMC)
7.3.1 AFFORDABILITY, HIGH DENSITY, AND FAST CHARGING CAPABILITY TO DRIVE MARKET
FIGURE 33 CHARACTERISTICS OF LI-NMC BATTERIES
TABLE 67 LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 68 LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 69 LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 70 LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
7.4 OTHERS
7.4.1 SODIUM-ION BATTERIES
TABLE 71 SODIUM-ION BATTERY VS. LITHIUM IRON PHOSPHATE BATTERY
7.4.2 SOLID-STATE BATTERIES
TABLE 72 OTHERS: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 73 OTHERS: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
7.5 PRIMARY INSIGHTS
8 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY
8.1 INTRODUCTION
8.2 ELECTRIC TRACTOR MODELS AND BATTERY CAPACITIES
TABLE 74 ELECTRIC TRACTOR MODELS AND BATTERY CAPACITIES, BY OEM
FIGURE 34 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY, 2024 VS. 2030 (USD MILLION)
TABLE 75 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY, 2021–2023 (UNITS)
TABLE 76 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 77 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY, 2021–2023 (USD MILLION)
TABLE 78 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY, 2024–2030 (USD MILLION)
8.3 <50 KWH
8.3.1 MODERATE-DUTY APPLICATIONS AND SMALL FARMING NEEDS TO DRIVE MARKET
TABLE 79 <50 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 80 <50 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 81 <50 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 82 <50 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
8.4 51–100 KWH
8.4.1 MEDIUM-SIZED AND MIXED FARMING OPERATIONS TO DRIVE MARKET
TABLE 83 51–100 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 84 51–100 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 85 51–100 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 86 51–100 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
8.5 >100 KWH
8.5.1 HEAVY MACHINERY AND EQUIPMENT FOR MULTI-TASKING TO DRIVE MARKET
TABLE 87 >100 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 88 >100 KWH BATTERY CAPACITY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
8.6 PRIMARY INSIGHTS
9 HYBRID ELECTRIC TRACTOR MARKET, BY POWER OUTPUT
9.1 INTRODUCTION
FIGURE 35 HYBRID ELECTRIC TRACTOR MARKET, 2024 VS. 2030 (USD MILLION)
TABLE 89 HYBRID ELECTRIC TRACTOR MARKET, BY POWER OUTPUT, 2021–2023 (UNITS)
TABLE 90 HYBRID ELECTRIC TRACTOR MARKET, BY POWER OUTPUT, 2024–2030 (UNITS)
TABLE 91 HYBRID ELECTRIC TRACTOR MARKET, BY POWER OUTPUT, 2021–2023 (USD MILLION)
TABLE 92 HYBRID ELECTRIC TRACTOR MARKET, BY POWER OUTPUT, 2024–2030 (USD MILLION)
9.2 <50 HP
9.2.1 INCREASING DEMAND FOR COMPACT AND MANEUVERABLE TRACTORS TO DRIVE MARKET
TABLE 93 SPECIFICATIONS OF HYBRID TRACTORS AVAILABLE IN MARKET
TABLE 94 <50HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 95 <50HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 96 <50HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 97 <50HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
9.3 51–100 HP
9.3.1 MIXED FARMING AND PRECISION FARMING TO DRIVE MARKET
TABLE 98 51–100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 99 51–100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 100 51–100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 101 51–100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
9.4 >100 HP
9.4.1 STRINGENT EMISSION REGULATIONS AND GOVERNMENT INCENTIVES TO DRIVE MARKET
TABLE 102 >100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 103 >100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 104 >100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 105 >100 HP: HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
9.5 PRIMARY INSIGHTS
10 ELECTRIC TRACTOR MARKET, BY FUNCTION
10.1 INTRODUCTION
FIGURE 36 ELECTRIC TRACTOR MARKET, BY FUNCTION, 2024 VS. 2030 (USD MILLION)
TABLE 106 ELECTRIC TRACTOR MARKET, BY FUNCTION, 2021–2023 (USD MILLION)
TABLE 107 ELECTRIC TRACTOR MARKET, BY FUNCTION, 2024–2030 (USD MILLION)
10.2 AGRICULTURE & FORESTRY
10.2.1 INCREASE IN FOOD PRODUCTION AND PRECISION AGRICULTURE TO DRIVE MARKET
TABLE 108 AGRICULTURE & FORESTRY: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 109 AGRICULTURE & FORESTRY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
10.3 UTILITY
10.3.1 GOVERNMENT REGULATIONS AND INCENTIVES TO DRIVE MARKET
TABLE 110 UTILITY: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 111 UTILITY: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
10.4 INDUSTRIAL
10.4.1 ENVIRONMENTAL CONCERNS AND NEED FOR NOISE REDUCTION TO DRIVE MARKET
TABLE 112 INDUSTRIAL: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 113 INDUSTRIAL: ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
10.5 PRIMARY INSIGHTS
11 ELECTRIC FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE
11.1 INTRODUCTION
11.2 ELECTRIC SPRAYERS
11.3 ELECTRIC WEEDERS
11.4 PRIMARY INSIGHTS
12 ELECTRIC TRACTOR MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 37 ELECTRIC TRACTOR MARKET, BY REGION, 2024 VS. 2030 (USD MILLION)
TABLE 114 ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (UNITS)
TABLE 115 ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (UNITS)
TABLE 116 ELECTRIC TRACTOR MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 117 ELECTRIC TRACTOR MARKET, BY REGION, 2024–2030 (USD MILLION)
12.2 ASIA PACIFIC
12.2.1 RECESSION IMPACT ANALYSIS
FIGURE 38 ASIA PACIFIC: ELECTRIC TRACTOR MARKET SNAPSHOT
FIGURE 39 ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2024 VS. 2030 (USD MILLION)
TABLE 118 ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2021–2023 (UNITS)
TABLE 119 ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2024–2030 (UNITS)
TABLE 120 ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 121 ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
12.2.2 CHINA
12.2.2.1 Leadership in EV technology to drive market
TABLE 122 CHINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 123 CHINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 124 CHINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 125 CHINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.2.3 INDIA
12.2.3.1 Increase in farm mechanization to drive market
TABLE 126 INDIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 127 INDIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 128 INDIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 129 INDIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.2.4 JAPAN
12.2.4.1 Aging farmer population and labor shortage to drive market
TABLE 130 JAPAN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 131 JAPAN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 132 JAPAN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 133 JAPAN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.2.5 SOUTH KOREA
12.2.5.1 Government incentives for farmers to drive market
TABLE 134 SOUTH KOREA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 135 SOUTH KOREA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 136 SOUTH KOREA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 137 SOUTH KOREA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.2.6 REST OF ASIA PACIFIC
TABLE 138 REST OF ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 139 REST OF ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 140 REST OF ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 141 REST OF ASIA PACIFIC: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.3 EUROPE
FIGURE 40 EUROPE: ELECTRIC TRACTOR MARKET SNAPSHOT
TABLE 142 EUROPE: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2021–2023 (UNITS)
TABLE 143 EUROPE: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2024–2030 (UNITS)
TABLE 144 EUROPE: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 145 EUROPE: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
12.3.1 RECESSION IMPACT ANALYSIS
12.3.2 GERMANY
12.3.2.1 Increasing demand for high-power tractors to drive market
TABLE 146 GERMANY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 147 GERMANY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 148 GERMANY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 149 GERMANY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.3.3 UK
12.3.3.1 Precision agriculture and sustainable farming to drive market
TABLE 150 UK: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 151 UK: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 152 UK: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 153 UK: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.3.4 FRANCE
12.3.4.1 Government National Low Carbon Strategy to drive market
TABLE 154 FRANCE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 155 FRANCE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 156 FRANCE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 157 FRANCE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.3.5 SPAIN
12.3.5.1 Labor shortage and increasing focus on precision agriculture to drive market
TABLE 158 SPAIN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 159 SPAIN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 160 SPAIN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 161 SPAIN: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.3.6 RUSSIA
12.3.6.1 Increasing adoption of farm mechanization to drive market
TABLE 162 RUSSIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 163 RUSSIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 164 RUSSIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 165 RUSSIA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.3.7 ITALY
12.3.7.1 Presence of vineyards to drive market
TABLE 166 ITALY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 167 ITALY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 168 ITALY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 169 ITALY: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.3.8 REST OF EUROPE
TABLE 170 REST OF EUROPE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 171 REST OF EUROPE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 172 REST OF EUROPE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 173 REST OF EUROPE: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.4 AMERICAS
12.4.1 RECESSION IMPACT ANALYSIS
TABLE 174 AMERICAS: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2021–2023 (UNITS)
TABLE 175 AMERICAS: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2024–2030 (UNITS)
TABLE 176 AMERICAS: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 177 AMERICAS: ELECTRIC TRACTOR MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
12.4.2 US
12.4.2.1 High presence of OEMs to drive market
TABLE 178 US: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 179 US: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 180 US: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 181 US: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.4.3 CANADA
12.4.3.1 Landscaping and ground maintenance to drive market
TABLE 182 CANADA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 183 CANADA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 184 CANADA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 185 CANADA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.4.4 MEXICO
12.4.4.1 Focus on addressing increasing greenhouse emissions to drive market
TABLE 186 MEXICO: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 187 MEXICO: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 188 MEXICO: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 189 MEXICO: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.4.5 BRAZIL
12.4.5.1 Increasing vineyards and coffee plantations to drive market
TABLE 190 BRAZIL: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 191 BRAZIL: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 192 BRAZIL: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 193 BRAZIL: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.4.6 ARGENTINA
12.4.6.1 Digital agriculture and 2030 Agenda for Sustainable Development to drive market
TABLE 194 ARGENTINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (UNITS)
TABLE 195 ARGENTINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (UNITS)
TABLE 196 ARGENTINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2023 (USD MILLION)
TABLE 197 ARGENTINA: ELECTRIC TRACTOR MARKET, BY PROPULSION, 2024–2030 (USD MILLION)
12.5 PRIMARY INSIGHTS
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 MARKET SHARE ANALYSIS
FIGURE 41 MARKET SHARE ANALYSIS, 2023
TABLE 198 DEGREE OF COMPETITION, 2023
13.3 REVENUE ANALYSIS
FIGURE 42 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2020–2022
13.4 COMPANY EVALUATION MATRIX
13.4.1 STARS
13.4.2 EMERGING LEADERS
13.4.3 PERVASIVE PLAYERS
13.4.4 PARTICIPANTS
13.4.5 COMPANY FOOTPRINT
FIGURE 43 ELECTRIC TRACTOR MARKET: COMPANY FOOTPRINT, 2023
TABLE 199 ELECTRIC TRACTOR MARKET: PROPULSION FOOTPRINT, 2023
TABLE 200 ELECTRIC TRACTOR MARKET: REGION FOOTPRINT, 2023
FIGURE 44 COMPANY EVALUATION MATRIX, 2023
13.5 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN
TABLE 201 COMPANIES ADOPTED PRODUCT DEVELOPMENTS, PARTNERSHIPS, AND CONTRACTS AS CRUCIAL GROWTH STRATEGIES FROM JANUARY 2020 TO JANUARY 2024
13.6 COMPETITIVE SCENARIOS AND TRENDS
13.6.1 PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 202 ELECTRIC TRACTOR MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, JANUARY 2021–JANUARY 2024
13.6.2 DEALS
TABLE 203 ELECTRIC TRACTOR MARKET: DEALS, JANUARY 2020–JANUARY 2024
13.6.3 OTHER DEVELOPMENTS
TABLE 204 ELECTRIC TRACTOR MARKET: OTHER DEVELOPMENTS, JANUARY 2020–JANUARY 2024
13.6.4 EXPANSIONS
TABLE 205 ELECTRIC TRACTOR MARKET: EXPANSIONS, JANUARY 2020–JANUARY 2024
13.7 COMPANY VALUATION
FIGURE 45 COMPANY VALUATION, 2023 (USD BILLION)
13.8 COMPANY FINANCIAL METRICS
FIGURE 46 COMPANY FINANCIAL METRICS, 2023 (USD BILLION)
13.9 BRAND COMPARISON
14 COMPANY PROFILES
(Business overview, Products offered, Recent developments & MnM View)*
14.1 KEY PLAYERS
14.1.1 KUBOTA CORPORATION
TABLE 206 KUBOTA CORPORATION: COMPANY OVERVIEW
FIGURE 47 KUBOTA CORPORATION: COMPANY SNAPSHOT
TABLE 207 KUBOTA CORPORATION: PRODUCTS OFFERED
TABLE 208 KUBOTA CORPORATION: PRODUCT LAUNCHES
TABLE 209 KUBOTA CORPORATION: DEALS
TABLE 210 KUBOTA CORPORATION: OTHER DEVELOPMENTS
14.1.2 SOLECTRAC
TABLE 211 SOLECTRAC: COMPANY OVERVIEW
FIGURE 48 SOLECTRAC: COMPANY SNAPSHOT
TABLE 212 SOLECTRAC: PRODUCTS OFFERED
TABLE 213 SOLECTRAC: PRODUCT LAUNCHES
TABLE 214 SOLECTRAC: DEALS
TABLE 215 SOLECTRAC: OTHER DEVELOPMENTS
14.1.3 AGCO CORPORATION
TABLE 216 AGCO CORPORATION: COMPANY OVERVIEW
FIGURE 49 AGCO CORPORATION: COMPANY SNAPSHOT
TABLE 217 AGCO CORPORATION: PRODUCTS OFFERED
TABLE 218 AGCO CORPORATION: PRODUCT LAUNCHES
TABLE 219 AGCO CORPORATION: DEALS
TABLE 220 AGCO CORPORATION: EXPANSIONS
14.1.4 CNH INDUSTRIAL N.V.
TABLE 221 CNH INDUSTRIAL N.V.: COMPANY OVERVIEW
FIGURE 50 CNH INDUSTRIAL N.V.: COMPANY SNAPSHOT
TABLE 222 CNH INDUSTRIAL N.V.: PRODUCTS OFFERED
TABLE 223 CNH INDUSTRIAL N.V.: PRODUCT LAUNCHES
TABLE 224 CNH INDUSTRIAL N.V.: DEALS
TABLE 225 CNH INDUSTRIAL N.V.: EXPANSIONS
14.1.5 ESCORTS KUBOTA LIMITED
TABLE 226 ESCORTS KUBOTA LIMITED: COMPANY OVERVIEW
FIGURE 51 ESCORTS KUBOTA LIMITED: COMPANY SNAPSHOT
TABLE 227 ESCORTS KUBOTA LIMITED: PRODUCTS OFFERED
TABLE 228 ESCORTS KUBOTA LIMITED: PRODUCT DEVELOPMENTS
TABLE 229 ESCORTS KUBOTA LIMITED: DEALS
14.1.6 MONARCH TRACTOR
TABLE 230 MONARCH TRACTOR: COMPANY OVERVIEW
TABLE 231 MONARCH TRACTOR: PRODUCTS OFFERED
TABLE 232 MONARCH TRACTOR: PRODUCT DEVELOPMENTS
TABLE 233 MONARCH TRACTOR: DEALS
TABLE 234 MONARCH TRACTOR: OTHER DEVELOPMENTS
14.1.7 DEERE & COMPANY
TABLE 235 DEERE & COMPANY: COMPANY OVERVIEW
FIGURE 52 DEERE & COMPANY: COMPANY SNAPSHOT
TABLE 236 DEERE & COMPANY: PRODUCTS OFFERED
TABLE 237 DEERE & COMPANY: PRODUCT DEVELOPMENTS
TABLE 238 DEERE & COMPANY: DEALS
TABLE 239 DEERE & COMPANY: EXPANSIONS
14.1.8 YANMAR HOLDINGS CO., LTD.
TABLE 240 YANMAR HOLDINGS CO., LTD.: COMPANY OVERVIEW
FIGURE 53 YANMAR HOLDINGS CO., LTD.: COMPANY SNAPSHOT
TABLE 241 YANMAR HOLDINGS CO., LTD.: PRODUCTS OFFERED
TABLE 242 YANMAR HOLDINGS CO., LTD.: PRODUCT DEVELOPMENTS
TABLE 243 YANMAR HOLDINGS CO., LTD.: DEALS
TABLE 244 YANMAR HOLDINGS CO., LTD.: OTHER DEVELOPMENTS
14.1.9 CELLESTIAL E-MOBILITY PVT LTD
TABLE 245 CELLESTIAL E-MOBILITY PVT LTD: COMPANY OVERVIEW
FIGURE 54 CELLESTIAL E-MOBILITY PVT LTD: COMPANY SNAPSHOT
TABLE 246 CELLESTIAL E-MOBILITY PVT LTD: PRODUCTS OFFERED
TABLE 247 CELLESTIAL E-MOBILITY PVT LTD: PRODUCT DEVELOPMENTS
TABLE 248 CELLESTIAL E-MOBILITY PVT LTD: DEALS
14.1.10 INTERNATIONAL TRACTORS LIMITED
TABLE 249 INTERNATIONAL TRACTORS LIMITED: COMPANY OVERVIEW
TABLE 250 INTERNATIONAL TRACTORS LIMITED: PRODUCTS OFFERED
TABLE 251 INTERNATIONAL TRACTORS LIMITED: PRODUCT LAUNCHES
TABLE 252 INTERNATIONAL TRACTORS LIMITED: OTHER DEVELOPMENTS
14.1.11 PROXECTO
TABLE 253 PROXECTO: COMPANY OVERVIEW
TABLE 254 PROXECTO: PRODUCTS OFFERED
TABLE 255 PROXECTO: PRODUCT DEVELOPMENTS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
14.2 OTHER PLAYERS
14.2.1 AUTONXT AUTOMATION PVT. LTD.
TABLE 256 AUTONXT AUTOMATION PVT. LTD.: COMPANY OVERVIEW
14.2.2 RIGITRAC TRAKTORENBAU AG
TABLE 257 RIGITRAC TRAKTORENBAU AG: COMPANY OVERVIEW
14.2.3 SABI AGRI
TABLE 258 SABI AGRI: COMPANY OVERVIEW
14.2.4 ARGO TRACTORS S.P.A.
TABLE 259 ARGO TRACTORS S.P.A: COMPANY OVERVIEW
14.2.5 FOTON LOVOL
TABLE 260 FOTON LOVOL: COMPANY OVERVIEW
14.2.6 TRACTORS AND FARM EQUIPMENT LIMITED
TABLE 261 TRACTORS AND FARM EQUIPMENT LIMITED: COMPANY OVERVIEW
14.2.7 VST TRACTORS
TABLE 262 VST TRACTORS: COMPANY OVERVIEW
14.2.8 MOTIVO ENGINEERING
TABLE 263 MOTIVO ENGINEERING: COMPANY OVERVIEW
14.2.9 TADUS GMBH
TABLE 264 TADUS GMBH: COMPANY OVERVIEW
14.2.10 ZY ELEKTRIK TRACTOR
TABLE 265 ZY ELEKTRIK TRACTOR: COMPANY OVERVIEW
14.2.11 AUGA
TABLE 266 AUGA: COMPANY OVERVIEW
14.2.12 ZTRACTOR
TABLE 267 ZTRACTOR: COMPANY OVERVIEW
14.2.13 AMOS POWER
TABLE 268 AMOS POWER: COMPANY OVERVIEW
15 RECOMMENDATIONS
15.1 EUROPE TO DOMINATE ELECTRIC TRACTOR MARKET
15.2 EMPHASIS ON SOLID-STATE BATTERIES IN ELECTRIC TRACTORS FOR FUTURE APPLICATIONS
15.3 HYDROGEN ELECTRIC TRACTORS TO BE KEY FOCUS AREA
15.4 CONCLUSION
16 APPENDIX
16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.4.1 ELECTRIC TRACTOR MARKET, BY REGION
16.4.1.1 UAE
16.4.1.2 Saudi Arabia
16.4.1.3 Egypt
16.4.2 ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY
16.4.2.1 Asia Pacific
16.4.2.1.1 China
16.4.2.1.2 India
16.4.2.1.3 Japan
16.4.2.1.4 South Korea
16.4.2.1.5 Rest of Asia Pacific
16.4.2.2 Europe
16.4.2.2.1 Germany
16.4.2.2.2 France
16.4.2.2.3 UK
16.4.2.2.4 Spain
16.4.2.2.5 Russia
16.4.2.2.6 Italy
16.4.2.2.7 Turkey
16.4.2.2.8 Rest of Europe
16.4.2.3 North America
16.4.2.3.1 US
16.4.2.3.2 Canada
16.4.2.3.3 Mexico
16.4.2.3.4 Brazil
16.4.2.3.5 Argentina
16.4.3 DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET PLAYERS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
