Farm Tractor Market

Farm Tractor - Global Market Outlook (2019-2027)

4.4 (66 reviews)
Published: November 2020 ID: SMRC20110
4.4 (66 reviews)
Published: November 2020 ID: SMRC20110

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Farm Tractor Market is accounted for $9.11 billion in 2019 and is expected to reach $16.48 billion by 2027 growing at a CAGR of 7.7% during the forecast period. Some of the key factors propelling the growth of the market are rapid urbanization, increasing mechanization in the agriculture industry, and the growing demand for food products. However, the high initial cost is the restraining factor for the growth of the market.

Farm Tractor

Farm tractors are the vehicles specialized in pulling farm implements and helping in a better yield of agriculture output. These are widely used in farming and agriculture to improve agricultural productivity by performing ploughing, hauling and harvesting.

By power output type, the 31Hp–100 Hp segment is expected to grow at a significant market share during the forecast period because of its extensive use in the majority of the regions around the globe. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period which is attributed to the increasing agricultural activities in countries like China and India.

Some of the key players in Farm Tractor Market include AGCO Corporation, Argo Tractors S.p.A., Caterpillar, CLAAS Group, CNH Industrial, Deere & Company, Escorts Group, International Tractors Limited, JCB, Kubota Corporation, Mahindra & Mahindra Limited, Massey Ferguson Limited, SDF Group, Steyr Landmaschinentechnik AG, TAFE, and Yanmar Co. 

Drive Types Covered:
• Two-wheel Drive (2WD)
• Four-wheel Drive (4WD)

Modes of Operation Covered:
• Manual Tractor
• Driverless Tractor

Vehicle Types Covered:
• Gasoline and Diesel
• Electric

Power Output Types Covered:
• Above 300Hp
• 201hp-300Hp
• 101hp–200Hp
• 31hp–100 Hp
• <30 Hp

Types Covered:
• Wheel Tractor
• Crawler Tractor

Design Types Covered:
• Tractor without CAB
• Tractor with CAB

System Types Covered:
• Without Loaders
• Front Loaders
• Backhoe Loaders

Applications Covered:
• Spraying
• Ploughing/Plowing & Cultivating
• Planting & Fertilizing
• Haying
• Harvesting

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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