The Farm Tractor Market reached a value of USD 73.67 Bn. in 2023. Global Farm Tractor Market size is expected to grow at a CAGR of 5.1%, to reach USD 104.35 Bn. by 2030.
Farm Tractor Market Report Overview
The Farm Tractor market report is a combination of primary and secondary research methods. It includes a detailed analysis of global and regional Farm Tractor Market size with market dynamics and regional insights making the report an investor’s guide.
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Farm Tractor Market Segmentation
by Power Output
<30 Hp
31Hp -150Hp
151Hp -250Hp
>250Hp
The market is divided into three segments based on power output: less than 40 horsepower, 41 to 100 horsepower, and more than 100 horsepower. With almost 60% of the market share in terms of volume in 2019, the category with less than 40 HP dominated the industry. This is because of the benefits of contemporary agricultural tractors, which include their affordability, portability, and ability to perform all necessary agricultural chores. Due to the increased adoption of agricultural tractors in developing nations, the sector is anticipated to expand throughout the forecast years.
by Drive type
Two-wheel drive
Four-wheel drive
The market is divided into two-wheel drive and four-wheel drive segments based on the kind of driver. The pandemic will cause 2WD tractor transmissions to increase negatively in 2022, which will lower overall tractor sales. Roughly 97-98% of 2WD tractors are sold worldwide. Large field tasks requiring a great deal of flexibility are best suited for 4WD tractors. By 2029, the volume will have increased by 50% from 2020.
by System type
Without loaders
Front-loaders
Backhoe loaders
by Design type
Tractor without CAB
Tractor with CAB
Farm Tractor Market Report Scope and Research Methodology
The primary aim of the report is to pinpoint opportunities, restraints, challenges, and drivers within the global Farm Tractor market. Maximize Market Research Analysts conducted surveys involving identified Farm Tractor companies, during which respondents were queried about their competitors as well. In tandem with secondary research efforts, the analyst compiled a roster of industry companies, along with a meticulous exploration of macroeconomic and microeconomic factors that have shaped the Farm Tractor industry's dynamics, all of which is presented in the report. The Farm Tractor market report encompasses a SWOT analysis, PESTLE analysis, and Porter's Five Forces analysis of both key players and markets. These analyses offer crucial insights into the strengths and weaknesses of these companies.
Farm Tractor Market Key Players
1. Claas KGaA mbH
2. CNH Industrial N.V.
3. AGCO Corporation
4. Mahindra & Mahindra Ltd.
5. Deere & Company
6. Kubota Corporation
7. Yanmar Co., Ltd.
8. Tractors and Farm Equipment Limited
9. Zetor Tractors A.S.
10. Alamo Group, Inc.
11. STEYR
12. New Holland Agriculture
13. Antonio Carraro
14. Argo Tractors S.p.A.
15. Changzhou Dongfeng Agricultural Machinery Group Co. Ltd.
16. CLAAS KGaA mbH
17. Steyr Landmaschinentechnik AG
18. Daedong-USA, Inc. KIOTI Tractor Division
19. Escorts Group
20. Force Motors Ltd.
21. Indo Farm Equipment Limited.
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Table of content for the Farm Tractor Market includes:
Part 01: Executive Summary
Part 02: Scope of the Farm Tractor Market Report
Part 03: Global Farm Tractor Market Landscape
Part 04: Global Farm Tractor Market Sizing
Part 05: Global Farm Tractor Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Farm Tractor Market Regional Analysis
The report includes a detailed analysis of several key countries including Farm Tractor market size, CAGR, drivers, restraints, opportunities, challenges and a detailed analysis of key players. The regions and the countries covered in the report are:
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC)
- South America (Brazil)
- The Middle East and Africa
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Key Questions answered in the Farm Tractor Market Report are:
- What is Farm Tractor?
- What are the Farm Tractor Market segments?
- What is the forecast period of the Farm Tractor Market?
- What is the expected growth rate of the Farm Tractor Market during the forecast period?
- Which region held the largest Farm Tractor market share in 2022?
- What are the opportunities for the Farm Tractor Market?
- What factors are affecting the Farm Tractor market growth?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis of each segment and their sub-segments
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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