Maximize Market Research has recently released an intelligence report titled “Farm Tractor Market” which encompasses Manufacturers, Regions, Types, Applications, and Forecast until 2029. This report is the result of exhaustive primary and secondary research, providing a comprehensive analysis of the Farm Tractor market. It delves deep into the examination of insights related to the Farm Tractor market, taking into account its constantly evolving patterns, the industry environment, and all the significant aspects that influence the market.
Anticipated Revenue Growth:
The Farm Tractor Market reached a value of US $ 73.67 Bn. in 2022. Global Farm Tractor Market size is expected to grow at a CAGR of 5.1%. The market is expected to reach a value of US $ 104.36 Bn. in 2029.
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Farm Tractor Market Scope
The Farm Tractor Market report provides readers with crucial statistics and analytical insights, offering a comprehensive understanding of various aspects. This includes market size, market share, growth trends, demand dynamics, key players, industry overview, opportunities, value cycles, end-users, technologies, types, and applications.
Furthermore, the report explores micro-market opportunities, enabling stakeholders to make well-informed investment decisions. It also conducts a thorough examination of the competitive landscape and the product portfolios of major players in the Farm Tractor market.
By presenting both qualitative and quantitative data, the Farm Tractor market report allows decision-makers to identify market segments and regions with potential for higher growth rates. The report also assesses the competitive scenario among key industry players and highlights emerging trends within the Farm Tractor market.
Maximize Market Research’s reports include a PESTLE analysis, which assists clients in shaping their business strategies. This analysis covers political factors such as taxation, environmental regulations, and tariffs, all of which governments consider when influencing the Farm Tractor market. Economic factors, including interest rates, exchange rates, inflation, wage rates, and minimum wages, are thoroughly examined to understand their impact on economic performance, which in turn affects the Farm Tractor market. Legal factors are also addressed to unravel the effects of environmental considerations on the Farm Tractor market.
Farm Tractor Market Segmentation:
Global Farm Tractor Market Size, by Power Output (2022-2029)
• <30 Hp • 31Hp -150Hp • 151Hp -250Hp • >250Hp
The market is divided into three sub-segments based on power output: 40 to 100 horsepower, and greater than 100 horsepower. As measured by volume, the market in 2019 was led by the sub-40 HP sector, which accounted for more over 60% of the total. This is because modern agricultural tractors have several benefits, including their affordability, small size, and ability to carry out all necessary agricultural chores. The market is anticipated to expand in the upcoming years as more emerging nations embrace agricultural tractors.
A large increase in demand for agricultural tractors with engines ranging from 41 to 100 Hp is anticipated over the projection period due to growing demand from developed regions like North America and Europe.
Global Farm Tractor Market Size, by Drive type (2022-2029)
• Two-wheel drive
• Four-wheel drive
The market is divided into two sub-segments based on the kind of driver: two-wheel drive and four-wheel drive. The pandemic will cause a negative growth rate for 2WD tractor transmissions in 2022, which will lower overall tractor sales. Approximately 97-98% of 2WD tractors are sold worldwide. Tractors with 4WD are more appropriate for large-scale field operations that demand a lot of flexibility. By 2029, the volume will have doubled in compared to 2020.
Global Farm Tractor Market Size, by System type (2022-2029)
• Without loaders
• Backhoe loaders
Global Farm Tractor Market Size, by Design Type (2022-2029)
• Tractor without CAB
• Tractor with CAB
Competitive Environment –
Sales of Mahindra Group Tractors increased by 5.34% in July. The company sold 25,769 units in July 2022 as opposed to 24,463 units in July 2020. This clearly shows an improvement over the prior year, and in July 2022, its market share increased by 0.77%.
The Tafe Group’s (Massey Ferguson and Eicher) tractor sales decreased by 5.25%. Tafi tractor sales in the domestic market reached 11,112 units in July 2022 and 11,728 units in July 2020. TAFE suffered a 1.54% market share loss as a result. July 2022:
The domestic tractor market had a drop of 1.27%, according to Sonalika Tractor. In July 2022, this brand sold 8,115 units, compared to 8,219 units in July 2020, for a 0.57 increase.
Farm Tractor Market Regional Analysis:
This growth can be largely attributed to government initiatives and regulatory actions within the sector, which are driving advancements in the Farm Tractor Market in this particular region. The Farm Tractor market report not only covers the geographical landscape of the market but also provides insights into its size and share. Additionally, it conducts a thorough exploration of the business network structure, highlights available opportunities, and presents recent news updates relevant to the industry.
Farm Tractor Market Key Players include:
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.
Table of Content: 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
- A detailed Analysis of the Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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