Global Agricultural Tractors Market Research Report – Forecast till 2026

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Global Agricultural Tractors Market in terms of value is anticipated to witness a CAGR 5.67% during the forecast period to surpass a value of USD 1,24,932.2 Million by 2026.

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Global Agricultural Tractors Market Overview

Global Agricultural Tractors Market in terms of value is anticipated to witness a CAGR 5.67% during the forecast period to surpass a value of USD 1,24,932.2 Million by 2026. The agricultural tractor is specially designed for various farming activities such as pulling or pushing agricultural machinery or trailers for plowing, tilling, disking, harrowing, planting, and spraying/pesticide applications.

The agricultural tractor is a power-driven vehicle based on engineering functions depends on its tractive power. It is specially produced for several agricultural tasks such as pulling or pushing agricultural machinery or trailers for plowing, tilling, disking, harrowing, planting, and spraying/pesticide applications. Hence, nowadays, tractors are also known as farm vehicles as they provide the power and traction to mechanize agricultural tasks.

The global agricultural tractor market is expected to register substantial market growth during the review period. The global market growth is attributed to the rising requirement for productivity and the increasing adoption of intelligent farming. However, the growth of the tractor rental market is expected to hinder the market growth during the forecast period. Moreover, the increasing requirement for precision agricultural equipment is anticipated to create attractive growth opportunities for major market players.

Market Segmentation

Global Market for Agricultural Tractors has been categorized based on Engine Power, Application, Type, Operation, and Driver Type.
Based on Engine Power, the global agricultural tractors market has been segmented into below 40 HP, 40 HP–120 HP, 121 HP–180 HP, 181 HP–250 HP, and more than 250 HP.

Based on the application, the global agricultural tractors market has been segmented into harvesting, seed sowing, irrigation, and others.
Based on type, the global agricultural tractors market has been bifurcated into ICE and electric.
Based on the operation, the global agricultural tractors market has been divided into manual tractor vehicles and autonomous tractor vehicles. Based on driver type, the global market has been classified into 2-wheel drive and 4-wheel drive.

Regional Analysis
Geographically, the report on the Agricultural Tractors Market has been classified into Asia-Pacific, North America, Europe, and the rest of the world.
Asia-Pacific is likely to drive the largest market for global agricultural tractors market owing to the largest market share of 52.00% in 2019. The regional market is attributed to the ample agricultural fields in India, China, Vietnam, and Indonesia.
North America is expected to register the second largest market of the global market because of the 23% market share in 2019. The regional market growth is driven by the presence of the agricultural machinery industry in North America. Moreover, the increasing requirement for the development of modernization of agricultural implements is anticipated to create lucrative opportunities for the agricultural tractors market during the review period. The rise in agricultural activities across the region is also estimated to contribute substantially to the growth of the regional market during the review period.
Major Players
The key players operating in the global Agricultural Tractors Market include Deere & Company, CNH Industrial, SDF, Mahindra & Mahindra Limited, and Massey Ferguson.

COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Global Farm Equipment Rental Market Analysis

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Table of Contents

TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 22

1.1.1 GLOBAL AGRICULTURAL TRACTORS MARKET, BY ENGINE POWER 23

1.1.2 GLOBAL AGRICULTURAL TRACTORS MARKET, BY APPLICATION 24

1.1.3 GLOBAL AGRICULTURAL TRACTORS MARKET, BY TYPE 25

1.1.4 GLOBAL AGRICULTURAL TRACTORS MARKET, BY OPERATION 26

1.1.5 GLOBAL AGRICULTURAL TRACTORS MARKET, BY DRIVER TYPE 27

1.1.6 GLOBAL AGRICULTURAL TRACTORS MARKET, BY REGION 28

2 MARKET INTRODUCTION
2.1 DEFINITION 29

2.2 SCOPE OF THE STUDY 29

2.3 RESEARCH OBJECTIVE 29

2.4 MARKET STRUCTURE 30

2.5 KEY BUYING CRITERIA 31

3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 32

3.2 PRIMARY RESEARCH 33

3.3 SECONDARY RESEARCH 34

3.4 MARKET SIZE ESTIMATION 35

3.5 FORECAST MODEL 36

3.6 LIST OF ASSUMPTIONS 37

4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 INTRODUCTION 41

5.2 DRIVERS 42

5.2.1 INCREASING NEED FOR PRODUCTIVITY 42

5.2.2 ADOPTION OF SMART FARMING 42

5.3 RESTRAINT 43

5.3.1 GROWTH OF THE TRACTOR RENTAL MARKET 43

5.4 OPPORTUNITY 43

5.4.1 DEMAND FOR PRECISION AGRICULTURAL EQUIPMENT 43

5.5 IMPACT ANALYSIS OF COVID-19 44

5.5.1 IMPACT ON OVERALL AGRICULTURAL EQUIPMENT INDUSTRY 44

5.5.1.1 ECONOMIC IMPACT 44

5.5.2 IMPACT ON THE AGRICULTURAL TRACTORS MARKET 44

5.5.3 IMPACT ON SUPPLY CHAIN OF AGRICULTURAL TRACTORS MARKET 44

5.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS 44

5.5.3.2 PRODUCTION SHUTDOWN 45

5.5.3.3 CASH FLOW CONSTRAINTS 45

5.5.3.4 IMPACT ON IMPORT/EXPORT 45

5.5.3.5 CONSUMER SENTIMENTS 45

5.5.4 IMPACT ON THE PRICING OF AGRICULTURAL TRACTORS 45

6 MARKET FACTOR ANALYSIS
6.1 SUPPLY CHAIN ANALYSIS 46

6.1.1 TYPE & DEVELOPMENT 47

6.1.2 RAW MATERIAL & COMPONENT SUPPLY 47

6.1.3 MANUFACTURE & ASSEMBLY 47

6.1.4 SALES & DISTRIBUTION 47

6.1.5 OPERATION 47

6.2 PORTER’S FIVE FORCES MODEL 48

6.2.1 THREAT OF NEW ENTRANTS 49

6.2.2 BARGAINING POWER OF SUPPLIERS 49

6.2.3 THREAT OF SUBSTITUTES 49

6.2.4 BARGAINING POWER OF BUYERS 49

6.2.5 INTENSITY OF RIVALRY 49

7 GLOBAL AGRICULTURAL TRACTORS MARKET, BY ENGINE POWER
7.1 OVERVIEW 50

7.2 BELOW 40 HP 51

7.3 40 HP–120 HP 51

7.4 121 HP–180 HP 52

7.5 181 HP–250 HP 53

7.6 MORE THAN 250 HP 53

8 GLOBAL AGRICULTURAL TRACTORS MARKET, BY APPLICATION
8.1 OVERVIEW 54

8.2 HARVESTING 56

8.3 SEED SOWING 56

8.4 IRRIGATION 56

8.5 OTHERS 57

9 GLOBAL AGRICULTURAL TRACTORS MARKET, BY TYPE
9.1 OVERVIEW 58

9.2 ICE 59

9.3 ELECTRIC 59

10 GLOBAL AGRICULTURAL TRACTORS MARKET, BY OPERATION
10.1 OVERVIEW 60

10.2 MANUAL TRACTOR VEHICLE 61

10.3 AUTONOMOUS TRACTOR VEHICLE 61

11 GLOBAL AGRICULTURAL TRACTORS MARKET, BY DRIVER TYPE
11.1 OVERVIEW 62

11.2 2-WHEEL DRIVE (2-WD) 63

11.3 4-WHEEL DRIVE (4-WD) 63

12 GLOBAL AGRICULTURAL TRACTORS MARKET, BY REGION
12.1 OVERVIEW 64

12.2 NORTH AMERICA 65

12.2.1 US 69

12.2.2 CANADA 71

12.2.3 MEXICO 73

12.3 EUROPE 76

12.3.1 GERMANY 79

12.3.2 UK 81

12.3.3 FRANCE 83

12.3.4 ITALY 85

12.3.5 REST OF EUROPE 87

12.4 ASIA-PACIFIC 89

12.4.1 CHINA 94

12.4.2 INDIA 96

12.4.3 JAPAN 99

12.4.4 REST OF ASIA-PACIFIC 101

12.5 REST OF THE WORLD 103

12.5.1 MIDDLE EAST & AFRICA 106

12.5.2 SOUTH AMERICA 108

13 COMPETITIVE LANDSCAPE
13.1 COMPETITIVE OVERVIEW 111

13.2 COMPETITIVE BENCHMARKING 112

13.3 MARKET SHARE ANALYSIS 113

14 COMPANY PROFILES
14.1 DEERE & COMPANY 114

14.1.1 COMPANY OVERVIEW 114

14.1.2 FINANCIAL OVERVIEW 115

14.1.3 PRODUCTS OFFERED 115

14.1.4 KEY DEVELOPMENTS 116

14.1.5 SWOT ANALYSIS 117

14.1.6 KEY STRATEGIES 117

14.2 CNH INDUSTRIAL 118

14.2.1 COMPANY OVERVIEW 118

14.2.2 FINANCIAL OVERVIEW 119

14.2.3 PRODUCTS OFFERED 120

14.2.4 KEY DEVELOPMENTS 121

14.2.5 SWOT ANALYSIS 122

14.2.6 KEY STRATEGIES 122

14.3 SDF 123

14.3.1 COMPANY OVERVIEW 123

14.3.2 FINANCIAL OVERVIEW 124

14.3.3 PRODUCTS OFFERED 125

14.3.4 KEY DEVELOPMENTS 126

14.3.5 SWOT ANALYSIS 127

14.3.6 KEY STRATEGIES 127

14.4 MAHINDRA & MAHINDRA LIMITED 128

14.4.1 COMPANY OVERVIEW 128

14.4.2 FINANCIAL OVERVIEW 129

14.4.3 PRODUCTS OFFERED 130

14.4.4 KEY DEVELOPMENTS 130

14.4.5 SWOT ANALYSIS 131

14.4.6 KEY STRATEGIES 131

14.5 MASSEY FERGUSON 132

14.5.1 COMPANY OVERVIEW 132

14.5.2 FINANCIAL OVERVIEW 132

14.5.3 PRODUCTS OFFERED 132

14.5.4 KEY DEVELOPMENTS 133

14.6 CHANGZHOU DONGFENG AGRICULTURAL MACHINERY GROUP CO., LTD 134

14.6.1 COMPANY OVERVIEW 134

14.6.2 FINANCIAL OVERVIEW 134

14.6.3 PRODUCTS OFFERED 134

14.6.4 KEY DEVELOPMENTS 135

14.7 CLAAS KGAA MBH 136

14.7.1 COMPANY OVERVIEW 136

14.7.2 FINANCIAL OVERVIEW 137

14.7.3 PRODUCTS/SERVICES OFFERED 138

14.7.4 KEY DEVELOPMENTS 138

14.8 KUBOTA CORPORATION 139

14.8.1 COMPANY OVERVIEW 139

14.8.2 FINANCIAL OVERVIEW 140

14.8.3 PRODUCTS OFFERED 140

14.8.4 KEY DEVELOPMENTS 141

14.8.5 SWOT ANALYSIS 141

14.8.6 KEY STRATEGIES 141

14.9 ESCORTS LIMITED 143

14.9.1 COMPANY OVERVIEW 143

14.9.2 FINANCIAL OVERVIEW 144

14.9.3 PRODUCTS/SERVICES OFFERED 145

14.9.4 KEY DEVELOPMENTS 146

14.10 HATTAT TRAKTÖR 147

14.10.1 COMPANY OVERVIEW 147

14.10.2 FINANCIAL OVERVIEW 147

14.10.3 PRODUCTS OFFERED 147

14.10.4 KEY DEVELOPMENTS 147

14.11 JIANGSU YUEDA INTELLIGENT AGRICULTURAL EQUIPMENT CO, LTD 148

14.11.1 COMPANY OVERVIEW 148

14.11.2 FINANCIAL OVERVIEW 148

14.11.3 PRODUCTS OFFERED 148

14.11.4 KEY DEVELOPMENTS 149

14.12 HUBEI FOTMA MACHINERY CO., LTD. 150

14.12.1 COMPANY OVERVIEW 150

14.12.2 FINANCIAL OVERVIEW 150

14.12.3 PRODUCTS/SERVICES OFFERED 150

14.12.4 KEY DEVELOPMENTS 151