Global Agricultural Tractor Market Size,Trends and Growth opportunity, By Power Output (Less than 30 HP, 30 to 50 HP, 51 to 100 HP, More than 100HP), By Drive Type (2WD, 4WD), By Propulsion(ICE, Electric ,Hybrid), By Operation (Manual,Autonomous), By Region and forecast till 2027.
Global Agricultural Tractor Market
The global Agricultural Tractor market was valued at USD 59.1 billion in 2021 and is expected to expand USD 85.1 billion at a CAGR of 6.27 % during forecast period 2022- 2027.
Agricultural Tractor are the agricultural vehicle use to provide power for several agricultural activities such as harrowing, tilling, plowing, and planting.It is usually available in light-emitting diodes (LED), fluorescent, high-intensity discharge (HID), and incandescent variants. Grow lights are mostly useful in absence of sunlight .
Market Drivers
The rising demand for food products due to growing population and revolutionary technical developments such as the integration of telematics with agricultural tractors along with adoption of mechanization in the agricultural industry act as major factor for driving the market.
The rising urbanization leading to migration of farm workers to cities propelling the growth of Agricultural Tractor market.the growing government support for development of agricultural activities and increasing adoption of precision farming drive the market during forecast period.
Market Restraints
High purchasing cost and a long waiting period for new tractor purchases due to delay production hinders the growth of market.
Additionally,the implementation of stringent regulations by government regarding emission control anticipated the growth of Global Agricultural Tractor Market.
COVID-19 Impact on Global Agricultural Tractor Market
Outbreak of covid-19 Negatively impacted market as lockdown is imposed by government causing shutdown of manufacturing sector and disruption in supply chain.Additionally,the ban on transportation affected the market and
The agricultural activities are not affected but the disruption in various operation negatively impact market growth during pandemic.
Impact of Russia Ukraine War on Market
The conflict between Russia and Ukraine can have both direct and indirect impacts on the Agricultural Tractor market:
Disruptions in the supply chain: Many Agricultural Tractor manufacturers source components from Russia and Ukraine. The war may cause supply chain disruptions and delays, affecting Agricultural Tractor production and delivery.
Economic sanctions: Economic sanctions imposed on Russia may have an impact on the overall economy, as well as demand for Agricultural Tractor in the region.
Market Segmentation
The global Agricultural Tractor market segmented on the basis of Power Output , Drive Type, Propulsion,Operation and Region.On the basis of Power Output it is segmented into Less than 30 HP, 30 to 50 HP, 51 to 100 HP, More than 100HP.On the basis of Drive Type it is segmented into 2WD, 4WD.On the basis of Propulsion it is segmented into ICE, Electric ,Hybrid.On the basis of Operation it is segmented into Manual,Autonomous.On the basis of Region it is segmented into North America,Europe,Asia Pacific, Latin America,MEA.
Regional Analysis
The Global Agricultural Tractor market segmented into five regions North America,Europe,Asia Pacific,Latin America,MEA.Asia Pacific dominate the market due to growing Agricultural industry and farm activities in this region. Europe also witnessed a significant rise in global Agricultural Tractor market during forecast period 2022-2027.
Key Players
Various key players are listed in this report such as AGCO Corp, CNH Industrial NV, Deere & Company, CLAAS KGaAmbH, Escorts Ltd, International Tractors Ltd, Yanmar Co Ltd, KubotaCorp, Mahindra & Mahindra Ltd, Tractors and Farm Equipment Ltd.
Market Taxonomy
By Power Output
o Less than 30 HP
o 30 to 50 HP
o 51 to 100 HP,
o More than 100HP
By Drive Type
o 2WD
o 4WD
By Propulsion
o ICE
o Electric
o Hybrid
By Operation
o Manual
o Autonomous
By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Agricultural Tractor Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Agricultural Tractor Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Propulsions
3 Executive Summary
4 Agricultural Tractor Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Agricultural Tractor Market, By Power Output
5.1 Y-o-Y Growth Comparison, By Power Output
5.2 Agricultural Tractor Market Share Analysis, By Power Output
5.3 Agricultural Tractor Market Size and Forecast, By Power Output
5.3.1 Less than 30 HP
5.3.2 30 to 50 HP
5.3.3 51 to 100 HP
5.3.4 More than 100HP
6 Agricultural Tractor Market, By Drive Type
6.1 Y-o-Y Growth Comparison, By Drive Type
6.2 Agricultural Tractor Market Share Analysis, By Drive Type
6.3 Agricultural Tractor Market Size and Forecast, By Drive Type
6.3.1 2WD
6.3.2 4WD
7 Agricultural Tractor Market, By Propulsion
7.1 Y-o-Y Growth Comparison, By Propulsion
7.2 Agricultural Tractor Market Share Analysis, By Propulsion
7.3 Agricultural Tractor Market Size and Forecast, By Propulsion
7.3.1 ICE
7.3.2 Electric
7.3.3 Hybrid
8 Agricultural Tractor Market, By Operation
8.1 Y-o-Y Growth Comparison, By Operation
8.2 Agricultural Tractor Market Share Analysis, By Operation
8.3 Agricultural Tractor Market Size and Forecast, By Operation
8.3.1 Manual
8.3.2 Autonomous
9 Agricultural Tractor Market, By Region
9.1 Agricultural Tractor Market Share Analysis, By Region
9.2 Agricultural Tractor Market Share Analysis, By Region
9.3 Agricultural Tractor Market Size and Forecast, By Region
10 North America Agricultural Tractor Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 North America Agricultural Tractor Market Share Analysis, By Power Output
10.3 North America Agricultural Tractor Market Size and Forecast, By Drive Type
10.4 North America Agricultural Tractor Market Size and Forecast, By Propulsion
10.5 North America Agricultural Tractor Market Size and Forecast, By Operation
10.6 North America Agricultural Tractor Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Agricultural Tractor Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Europe Agricultural Tractor Market Share Analysis, By Power Output
11.3 Europe Agricultural Tractor Market Size and Forecast, By Drive Type
11.4 Europe Agricultural Tractor Market Size and Forecast, By Propulsion
11.5 Europe Agricultural Tractor Market Size and Forecast, By Operation
11.6 Europe Agricultural Tractor Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12 Asia Pacific Agricultural Tractor Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Asia Pacific Agricultural Tractor Market Share Analysis, By Power Output
12.3 Asia Pacific Agricultural Tractor Market Size and Forecast, By Drive Type
12.4 Asia Pacific Agricultural Tractor Market Size and Forecast, By Propulsion
12.5 Asia Pacific Agricultural Tractor Market Size and Forecast, By Operation
12.6 Asia Pacific Agricultural Tractor Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Agricultural Tractor Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Latin America Agricultural Tractor Market Share Analysis, By Power Output
13.3 Latin America Agricultural Tractor Market Size and Forecast, By Drive Type
13.4 Latin America Agricultural Tractor Market Size and Forecast, By Propulsion
13.5 Latin America Agricultural Tractor Market Size and Forecast, By Operation
13.6 Latin America Agricultural Tractor Market Size and Forecast, Country
13.6.1. Brazil
13.6.2. Rest of Latin America
14 Middle East Agricultural Tractor Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Middle East Agricultural Tractor Market Share Analysis, By Power Output
14.3 Middle East Agricultural Tractor Market Size and Forecast, By Drive Type
14.4 Middle East Agricultural Tractor Market Size and Forecast, By Propulsion
14.5 Middle East Agricultural Tractor Market Size and Forecast, By Operation
14.6 Middle East Agricultural Tractor Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.2. UAE
14.6.3. Egypt
14.6.4. Kuwait
14.6.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 AGCO Corp
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 CNH Industrial NV
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Deere & Company
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 CLAAS KGaAmbH
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Escorts Ltd
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 International Tractors Ltd
