Comprehensive Farm Tractor Market Study:
Maximize Market Research (MMR) conducts an exhaustive examination of the “Farm Tractor Market”, meticulously analyzing each sector while considering prevailing global and regional trends. This report presents a well-rounded market overview by extensively covering the primary drivers and significant restraints. It is meticulously organized into distinct sections, providing insights into Products, Applications, Retailers, and Regions to facilitate a thorough comprehension of the Farm Tractor market. Moreover, the report furnishes long-term industry projections for the Farm Tractor Market, empowering stakeholders with insightful data for strategic decision-making.
Farm Tractor Market Anticipated Growth:
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.
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Wide-ranging Farm Tractor Market Scope:
This comprehensive report offers an in-depth analysis of the Farm Tractor Market, spanning its presence across national, regional, and global levels. Through regional analysis, it delves into the Farm Tractor market's penetration, competitive landscape, and demand dynamics across local, regional, and global scales. Utilizing a blend of primary and secondary research methods, the data used in this analysis is robust and reliable. Primary research encompasses surveys and telephonic interviews with industry specialists, market leaders, entrepreneurs, and marketing professionals. Secondary data, curated from reputable sources like official databases, industry journals, white papers, and annual reports, underpins the credibility of the insights obtained.
Farm Tractor Market Segmentation Explanation
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 do all necessary agricultural chores. Due to the increased use of agricultural tractors in developing nations, the sector is anticipated to expand throughout the forecast years.
Over the course of the projection period, agricultural tractors with engine power ranging from 41 to 100 horsepower are expected to enjoy significant growth due to rising demand from mature regions like North America and Europe. When compared to growing markets like China and India, these regions have a far greater adoption rate of agricultural technology. The requirement to supply these agricultural tractors to the farmers in these locations is driving up demand for them. 2019 saw more than 10% of the market be made up of agricultural tractors with more than 100 horsepower in terms of volume. High-capacity agricultural tractors are becoming more and more in demand in several European countries, such as Germany, Turkey, and France.
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 total 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
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Farm Tractor Market Principal Entities
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.
Farm Tractor Market Geographical Evaluation :
The report presents an exhaustive analysis of the Farm Tractor Market's growth trajectory, offering comprehensive insights into its development. It zeroes in on the most influential regions within the Farm Tractor market: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which collectively wield significant global influence. The forecasting of the Farm Tractor market for each country integrates crucial indicators like consumption metrics, manufacturing facilities and capacities, import-export trends, price variations, raw material expenses, and an in-depth assessment of the value chain. These indicators serve as pivotal tools in comprehending market dynamics and projecting future trends, playing a critical role in shaping strategic insights for the industry.
Section Heading: Farm Tractor Market
Part 01: Executive Summary
Part 02: Scope of the Farm Tractor Market Report
Part 03: Farm Tractor Market Landscape
Part 04: Farm Tractor Market Sizing
Part 05: 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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The Farm Tractor Market Report provides key answers to the following questions:
- Which region held the largest market share in the Farm Tractor Market?
- What are the opportunities for the Farm Tractor Market?
- What are the restraining factors in the Farm Tractor market?
- Who are the key players of the Farm Tractor market?
Important things:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Farm Tractor
- Landscape- Leading key players and other prominent key players.
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