Farm Tractor Market reached a value of US $ 73.67 Bn. in 2023. 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.
Farm Tractor Market Overview
Farm Tractor Market Research Report includes the current state of the market in terms of the definitions, classifications, applications, and industry chain structure. The report provides unbiased professional commentary on the present market scenario, market performance, production and consumption rates, demand and supply ratios, and income generation over the forecast period. The Farm Tractor market report also gives information on the leading businesses functioning in the Farm Tractor industry’s, strategic ambitions and company growth strategies. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research.
Farm Tractor Market Scope
The Maximize Market Research report offers a comprehensive and dynamic analysis of the Farm Tractor market, utilizing a rigorous research methodology. It covers major growth drivers, market dynamics, challenges, and scope, along with conducting PESTAL, PORTER, and SWOT analyses. The report also highlights the latest developments and cutting-edge technologies in the global Farm Tractor market. It provides detailed insights into the market, including market shares, supply chain analysis, and key success factors. The report’s conclusion features opinions from industry experts representing top-leading organizations in the global Farm Tractor market.
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Segmentation:
1. Global Farm Tractor Market Size, by Power Output (2023-2029)
• <30 Hp • 31Hp -150Hp • 151Hp -250Hp • >250Hp
Less than 40 HP, 41 to 100 HP, and more than 100 HP are the three sub-segments of the market. With more than 60% of the market share in 2023, the category with less than 40 HP dominated in terms of volume. 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.
2. Global Farm Tractor Market Size, by Drive type (2023-2029)
• Two-wheel drive
• Four-wheel drive
Two-wheel drive and four-wheel drive are subsectors of the market. The pandemic will cause a negative growth rate for 2WD tractor transmissions in 2023, which would 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 2029.
3. Global Farm Tractor Market Size, by System type (2023-2029)
• Without loaders
• Front-loaders
• Backhoe loaders
4. Global Farm Tractor Market Size, by Design Type (2023-2029)
• Tractor without CAB
• Tractor with CAB
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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Regional Analysis
The report offers statistical data on the market growth for each influential economy worldwide in the Farm Tractor industry. It takes into account various countries, including North America, Asia-Pacific, Europe, Latin America, and MEA, during its preparation. The report covers all the emerging trends, population growth, as well as government strategies and regulations related to the market. In the conclusion part, regional insights provide historical and forecasted data for all economies, showcasing their impact on the market.
Key Questions answered in the Farm Tractor Market Report are:
Key offerings:
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